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Like most East Valley neighborhoods, Mesa's historic areas have felt the impact of slumping prices, said real estate agent Maggie Turner, who represents the Stewarts. "But I don't think we're seeing it to the same degree as we have in new development," she said. Asking prices for historic houses for sale downtown range from $174,900 for a 1,198-square-foot home on Morris to $1.25 million for a 4,520-square-foot home on Macdonald, according to information compiled by the agent. Turner said she's seen significantly more buyer interest in the Stewarts' home than the majority of her properties. Historic houses differ greatly from those in other developments because they're unique and limited in nature, she said.
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