The average price of a new car in 2009 was $28,400. The average price of a house sold in the Phoenix are in 2009 to date has been $169,118, but that does not mean you cannot get a house for less than the price of a new car.
As of 10/25/2009 there have been over 2,050 houses that have sold for less than the price of an average car. While prices in the Phoenix area have gone up an average of about 12% since April, that does not mean there are not plenty of opportunities to still pick up these low price homes.
Today as I write this there are more than 300 properties in the Phoenix MLS for sale for less than $28,400. You can check here for houses that you can buy for less than the price of an average new car.
