Real estate never goes down, they don't make anymore land, location, location, location, there is no housingbubble, it's a great time to buy...

Source: realtor: link
December 1st 2007 and the decline continues in Maricopa. The price per-sq ft is at $93 and is the lowest in 2-years. Talk about a "corrective market." Investor "sell offs" and foreclosures have really hit this city hard. Many people now own homes that are mortgaged for much more than they are worth. Prices have not been under $100 per-sq ft ANYWHERE in the Valley for a very long time. If you are O.K with the drive from Maricopa into the Phoenix area, Maricopa remains the place to make a home deal and get the biggest house the least amount of money. There is a 16-month supply of resale homes on the market. For those not familiar with this city, prices are now over $60 per-sq ft less than they were in this city 20 months ago. Sellers and buyers alike could use some help from lower interest rates. Another solution to stabilize the market would be for 25% of the sellers to take their homes of the market and reduce the high inventory. (whoehaha LOL, this is too funny) Maricopa is much more affordable than nearby Ahwatukee and Chandler AND REMAINS THE PLACE TO MAKE A DEAL.

NOVEMBER '07 - 998 Homes for sale; 61 sold (6.1%); 16.4 months inventory
avg. 2,069 sf - price $193,045 - on market 95 days - price per-sq ft $93

OCTOBER '07 - 1,007 Homes for sale; 60 sold (6.0%); 16.8 months inventory
avg. 2,195 sf - price $201,405 - on market 85 days - price per-sq ft $92

SEPTEMBER '07 - 984 Homes for sale; 61 sold (6.2%); 16.1 months inventory
avg. 2,284 sf - price $230,114 - on market 87 days - price per-sq ft $101

AUGUST '07 - 960 Homes for sale; 60 sold (6.3%); 16.0 months inventory
avg. 2,095 sf - price $211,655 - on market 96 days - price per-sq ft $101

JULY '07 - 958 Homes for sale; 64 sold (6.7%); 15.0 months inventory
avg. 2,184 sf - price $221,052 - on market 91 days - price per-sq ft $101

JUNE '07 - 915 Homes for sale; 68 sold (7.3%); 13.5 months inventory
avg. 2,219 sf - price $232,051 - on market 82 days - price per-sq ft $105

MAY '07 - 875 Homes for sale; 60 sold (6.9%); 14.6 months inventory
avg. 2,118 sf - price $232,394 - on market 103 days - price per-sq ft $109

APRIL '07 - 831 Homes for sale; 47 sold (5.7%); 17.7 months inventory
avg. 1,962 sf - price $229,157 - on market 110 days - price per-sq ft $117