SE Valley home values fare better than most in metro area

Home prices across the Valley took another hard hit in 2009, but real-estate data show the Southeast Valley is still faring better than most parts of Phoenix and the West Valley. Twenty-seven Maricopa County communities and 116 local ZIP codes all posted a decrease in home-sale prices in 2009, the third consecutive year of declines, according to data from Glendale-based the Information Market. The median home price, including new and existing homes, fell by 18 percent in Gilbert and Chandler, 21 percent in Tempe, and 30 percent in Mesa.

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