Saturday, August 9, 2008

Moon Valley Prices, 2003-2008

Thought I'd run a price history at Moon Valley, one of my favorite neighborhoods. The chart below shows the sold price per square foot for homes sold in Moon Valley between March & August of the years 2003, 2004, 2005, 2006, 2007 and 2008.

Why did I pick those dates? I'm trying to capture the price rise and/or decline during the busiest season of the year, the springtime bump. I also wanted to show the trend from before the "boom" and through the current downturn.

Turns out, Moon Valley homes are selling today at roughly the same price per square foot they sold in the spring & summer of 2005. Essentially, we've given back almost all of the price appreciation gained during the boom years of 2005 & 2006.

I grew up there and have watched as some of my high school friends married, had kids and moved "back to the old neighborhood" because it's such a great place to raise a family. There are plenty of parks nearby, big wide streets with low traffic volume and 25mph speed limits, bike paths, mostly large front & backyards and most homes have a pool, excellent schools nearby and a short commute to downtown Phoenix. What's not to love?

Here's the current For Sale inventory in Moon Valley, shown on a map. Today the area extends from roughly just south of Thunderbird Road to just north of Greenway Parkway, and from about 8th Avenue to 16th Street or so. Like most established neighborhoods, it's grown a little from it's original footprint (when built in the 1970's and 80's). Sandahl built a lot of the homes in Moon Valley. Sadly I can't find any information about the company online except for the Corporation Commission records that they went out of business sometime in the late 90's. Any readers know where Sandahl is today?

Here are a couple of typical exteriors 


Here are two typical kitchens, first the original   and then the remodeled version .

Current pricing in the heart of Moon Valley (Coral Gables south to Thunderbird, the mountain at Central Ave to 7th Street) runs $285,000 to $649,000, see below.

Want to see any of these Moon Valley homes? Email or call me. I know the neighborhood like the back of my hand