Friday, August 25, 2006

Tempe housing strong, but prices declining

Close-in location helps sales despite cautious buyers

Betty Beard
The Arizona Republic
Aug. 25, 2006 12:00 AM

Home prices have been slipping this year in Tempe but it is expected to remain a strong market because of its close-in location.

"Tempe is one of the faster moving parts of town right now, in addition to downtown Phoenix," said Tempe Realtor Kent Gagon. "

Houses seem to be selling closer to average list prices."Houses near Arizona State University and those priced under $300,000 are selling especially well, and some homes are getting a lot of traffic, Realtors say.

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