Look at the second article...what's happening in Scottsdale & Paradise Valley

Nov. housing market in the Valley held steady, from the Arizona Republic, reports that Metropolitan Phoenix's housing market continues to show a steady pulse, with prices for existing homes edging up less than 1 percent in November to $259,000. 5,040 homes sold in November, up from the 4,985 sales recorded in October 2006, according to the latest housing report from the Arizona Real Estate Center at ASU. Last year, nearly 7,200 homes sold in November. "Instead of being overactive, or no pulse, it's running at a normal pulse," said Jay Butler, who heads the Real Estate Center. "It's a good, strong pulse. It's just not the pulse people like." Butler added that sales and prices are much more sustainable than those recorded in 2005. Sellers have been able to get about the same price for their homes for the past several months. Prices varied throughout the Valley, with Scottsdale showing a median resale price increase of 5.9 percent from November 2005 to November 2006, while Goodyear saw prices drop 11.9 percent over last year.
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Resale home price tag jumps 15%, from the Arizona Republic Scottsdale, reports that Scottsdale's resale home market surged 15%, recent from October to November to a median price of $630,000, according to the Arizona Real Estate Center at ASU. Prices were up 6 percent from a year earlier. November's median price was the highest for Scottsdale since June when it peaked at $640,000. North Scottsdale's median price was up 12.6 percent from October to November, and South Scottsdale's prices were up 10 percent month-over-month. Paradise Valley's median price of $1.69 million, highest in the metro area, is down 2.7 percent from October.
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