This thread is dedicated to showing off properties in your area that have seen large sudden price increases following the pandemic.
This unit sold for 178k on February 26th in Scottsdale, AZ. This identical unit then sold for 227k on June 17th.
So in roughly 130 days the value of this condominium has increased (227-178=49. 49/178=27.5%) 27.5%. This can be confirmed through other listings in the condo complex as well. This unit sold for 248k. This identical unit sold for 320k. A 29% increase in a few months.
Even as someone that “buys into” the price increases in the PHX area, this is really scary. PPSF is now for the first time above where it was in 2008 in this area. Salaries do not support the higher home values here. And while I am sure there is out of state money flowing here, I find it hard to believe it is more of a factor than speculation.