Bought my first home for 189k in 2017 in the North Phoenix area. It was a very small home, 2/2 and barely over 1000sqft. I sold almost exactly 1 year ago for 260k after starting a family and needing something bigger. I just happened to check on the Zillow listing today to find that not even 1 year later the house has sold again for 365k, 15k over the 350k asking price! From the pictures it looks like all they did was update to newer vinyl floors (which we credited them for in the original sale).
The house almost doubled in value in less than 5 years. Crazy!