You are advised to check out anything that is import to you including areas and crime rates.
In order to help you with you due diligence here is a link to a buyer's advisory that has many useful websites for you to investigate:
In general the area you are referring to is an older area of the valley (homes built in the 1960's to mid 1970's)
I hope this helps.
Web Reference: http://www.TheKeysTeam.com
The complete and accurate response to your question would be extremely long and complex. The short version, however, is that the greater Phoenix market has undergone a major "market correction" in the last couple of years, we've been experiencing a high rate of foreclosures and subsequently bank owned properties on the market, prices have been reduced to pre-2002 levels, and now the buying activity has increased substantially. How's that for a 1-sentence explanation of our current market conditions?
If you have other, more specific questions, or would perhaps like me to set up a customized MLS search for you (based on your desired property features), just let me know. Developing a working relationship with an experienced, full time Buyer's Broker is really the only way you're going to be able to maneuver this market.
Hope that helps!