In addition to the numbers and thoughts that have been provided, I would like to add a couple of thoughts:
1. The average SOLD price of a home in San Tan Valley has increased 36.7% year-over-year from October 2011 through October 2012.
2. Closed Sales have decreased 20.3% in the same timeframe.
As a San Tan Valley resident and a Realtor that works exclusively in the San Tan Valley area, I am confident that the San Tan Valley market is strong. Listings of homes have recently increased and the activity from investors has slowed. With that said, it is becoming more likely that a person who would like to purchase a home in San Tan Valley to live in can buy a home at a reasonable price without the overwhelming competition from investors of years past.