Phoenix Real Estate News

June 7 - the Quarter Townhouses Auction

admin — Mon, 12 May 2008 14:22:15 -0700

Thirty-five new townhouses near the University of Phoenix Stadium will be auctioned off next month as builders continue to use auctions to figure out what buyers are willing to pay.

Trammell Crow Residential of Scottsdale has scheduled an auction June 7 to sell the last condos in the Quarter development at the Westgate City Center complex in Glendale.

It's being called a closeout sale.

When the company began selling the condos in 2006, all 171 units sold out within eight months. But 35 sales fell through for various reasons, such as inability to get financing or buyers backing out.

The developer decided it would be better to try to sell the remaining condos quickly rather than to pay the costs of holding on to them until the market recovers.

Westgate has 6.5 million square feet of commercial, retail, hotel and residential space. The Quarter is its anchor residential development.

The 32 two-bedroom units start at $195,000 and range from about 1,439 to 1,716 square feet. Prices for the three three-bedroom units will start at $265,000.

Previous asking prices have been up to $485,321 for two-bedroom units and $552,520 for the three-bedroom units.

The median prices in the Phoenix area for new condos and townhouses has been steadily climbing despite the real-estate downturn. They reached $300,000 in the first quarter of this year, according to Realty Studies at Arizona State University. Prices for existing condos, though, hit $168,775 in the first quarter, their lowest price in about two years.

The auction is scheduled for 1 p.m. June 7 at JW Marriott at Desert Ridge, 5350 E. Marriott Drive, Phoenix.

Auctions, both online and live, are getting more popular around the country as a way for builders to reduce their inventory of unsold houses and condos. Builders also used them during past real-estate slumps.

Cachet Homes sold 37 homes in the Verrado and Flagstaff Ranch communities in Buckeye and Flagstaff in less than two hours in February.

And 14 of 28 condos at the Dobson Bay Club in Mesa were sold at a March auction. Lennar Homes also sold 16 new homes in Litchfield Park in an online auction last year.

Buckeye to offer incentives for green buildings

admin — Mon, 12 May 2008 13:05:36 -0700

Buckeye is starting a program encouraging developers to use green building strategies.

The voluntary program offers incentives for conserving water during construction, choosing recycled materials and designing energy-efficient houses, like Scottsdale and Mesa do.

But the program isn't tough enough, several Town Council members said this week.

Councilmen Dave Rioux and Robert Doster said the guidelines should be mandatory.

"We're being too developer-friendly," Rioux said. "Let's not sugar- coat this and make it all warm and fuzzy."

The town will designate houses as silver- or gold-certified based on the level of their eco-friendly construction.

Developers could see the cost to build such homes rise 8 to 10 percent, said plan review manager David Whittaker, head of the town's Green Building Task Force, which includes home builders. But state and federal tax credits could reduce the cost increase to as low as 2 percent, he added, and the town will pitch in with expedited plan reviews and free water to construction sites.

"Sometimes we seek to get into the pool of water with the development community without making waves," Whittaker said, adding the program could become mandatory in the future. "You get more with a carrot than you do with a stick."

He warned that a mandatory program might require the town to offer more incentives.

The Town Council approved the voluntary program on a 6-1 vote Tuesday, with Rioux dissenting.

Source: AZCentral

Mesa town house, retail project on track

admin — Mon, 12 May 2008 12:49:14 -0700

Mesa town house, retail project on track, an article from the East Valley Tribune, reports that work began last week on a dense residential, retail and office development near the future light-rail track in Mesa. Main Street West Village will be a mix of 55 town houses and 13 ground-floor shops. According to Holly Hosac, Mesa economic development spokeswoman, the project is aimed at commuters who plan to use light rail. Project developer Dan Randall said construction should start by the beginning of June. He said the rising cost of gasoline should make his homes more popular as people look for alternative modes of travel. "It'll be easy for somebody to live there and then walk down and get on the train and go to work," he added.

West Valley Market Report - April 2008

admin — Thu, 8 May 2008 11:23:22 -0700

West Valley single family homes, condos and townhouses sales reports for April 2008 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Avondale Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$289,435	$222,807	$215,390	-3.33%	-25.58%
Sales Price	$269,588	$194,040	$188,169	-3.03%	-30.20%
% of Asking Price	93.14%	87.09%	87.36%	0.31%	-6.21%
$/SqFt	$141.39	$95.68	$95.96	0.29%	-32.13%
Days on Market	96	107	129	20.56%	34.38%
Total Transactions	82	70	105	50.00%	28.05%

El Mirage Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$209,953	$162,316	$170,780	5.21%	-18.66%
Sales Price	$202,911	$145,793	$148,659	1.97%	-26.74%
% of Asking Price	96.65%	89.82%	87.05%	-3.09%	-9.93%
$/SqFt	$135.84	$93.80	$84.19	-10.25%	-38.02%
Days on Market	89	101	116	14.85%	30.34%
Total Transactions	46	41	37	-9.76%	-19.57%

Glendale Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$308,624	$269,930	$260,528	-3.48%	-15.58%
Sales Price	$291,759	$238,124	$227,690	-4.38%	-21.96%
% of Asking Price	94.54%	88.22%	87.40%	-0.93%	-7.55%
$/SqFt	$160.43	$123.19	$123.13	-0.05%	-23.25%
Days on Market	97	130	135	3.85%	39.18%
Total Transactions	242	161	198	22.98%	-18.18%

Glendale Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$144,392	$141,080	$139,040	-1.45%	-3.71%
Sales Price	$140,257	$120,850	$130,850	8.27%	-6.71%
% of Asking Price	97.14%	85.66%	94.11%	9.86%	-3.12%
$/SqFt	$130.56	$101.07	$113.06	11.86%	-13.40%
Days on Market	79	64	98	52.72%	24.83%
Total Transactions	39	10	10	0.00%	-74.36%

Goodyear Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$341,258	$304,440	$302,283	-0.71%	-11.42%
Sales Price	$309,879	$262,063	$259,114	-1.13%	-16.38%
% of Asking Price	90.80%	86.08%	85.72%	-0.42%	-5.60%
$/SqFt	$155.85	$121.76	$117.80	-3.25%	-24.41%
Days on Market	140	127	135	6.30%	-3.57%
Total Transactions	88	93	118	26.88%	34.09%

Goodyear Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$198,333	$165,413	$163,823	-0.96%	-17.40%
Sales Price	$187,000	$137,329	$137,462	0.10%	-26.49%
% of Asking Price	94.29%	83.02%	83.91%	1.07%	-11.01%
$/SqFt	$158.30	$114.58	$121.39	5.94%	-23.31%
Days on Market	150	116	116	0.61%	-22.53%
Total Transactions	3	2	5	150.00%	66.67%

Laveen Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$375,797	$259,483	$261,359	0.72%	-30.45%
Sales Price	$339,532	$239,283	$238,296	-0.41%	-29.82%
% of Asking Price	90.35%	92.22%	91.18%	-1.13%	0.91%
$/SqFt	$141.48	$98.02	$104.31	6.42%	-26.27%
Days on Market	87	90	115	27.78%	32.18%
Total Transactions	29	32	29	-9.38%	0.00%

Litchfield Park Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$406,385	$352,455	$338,386	-3.99%	-16.73%
Sales Price	$373,717	$316,477	$287,510	-9.15%	-23.07%
% of Asking Price	91.96%	89.79%	84.97%	-5.38%	-7.61%
$/SqFt	$162.22	$110.97	$117.58	5.96%	-27.52%
Days on Market	146	138	175	26.81%	19.86%
Total Transactions	30	27	43	59.26%	43.33%

Peoria Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$343,676	$297,461	$292,732	-1.59%	-14.82%
Sales Price	$320,575	$263,029	$254,824	-3.12%	-20.51%
% of Asking Price	93.28%	88.42%	87.05%	-1.55%	-6.68%
$/SqFt	$162.75	$133.78	$118.85	-11.16%	-26.97%
Days on Market	121	130	141	8.46%	16.53%
Total Transactions	192	143	147	2.80%	-23.44%

Peoria Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$185,388	$209,713	$180,950	-13.72%	-2.39%
Sales Price	$189,941	$196,863	$160,050	-18.70%	-15.74%
% of Asking Price	102.46%	93.87%	88.45%	-5.78%	-13.67%
$/SqFt	$154.43	$158.19	$125.74	-20.51%	-18.58%
Days on Market	77	108	141	30.85%	82.54%
Total Transactions	16	8	6	-25.00%	-62.50%

Sun City Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$227,257	$198,701	$208,650	5.01%	-8.19%
Sales Price	$207,228	$178,667	$182,763	2.29%	-11.81%
% of Asking Price	91.19%	89.92%	87.59%	-2.59%	-3.94%
$/SqFt	$124.19	$106.29	$111.03	4.46%	-10.60%
Days on Market	122	106	118	11.32%	-3.28%
Total Transactions	102	75	73	-2.67%	-28.43%

Sun City and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$125,858	$121,460	$136,865	12.68%	8.75%
Sales Price	$116,411	$105,933	$115,397	8.93%	-0.87%
% of Asking Price	92.49%	87.22%	84.31%	-3.33%	-8.84%
$/SqFt	$107.32	$91.56	$93.96	2.62%	-12.45%
Days on Market	87	160	188	17.50%	116.09%
Total Transactions	33	24	17	-29.17%	-48.48%

Sun City West Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$292,788	$258,060	$258,789	0.28%	-11.61%
Sales Price	$268,623	$227,196	$227,121	-0.03%	-15.45%
% of Asking Price	91.75%	88.04%	87.76%	-0.31%	-4.34%
$/SqFt	$146.55	$130.35	$129.88	-0.36%	-11.37%
Days on Market	140	128	159	24.22%	13.57%
Total Transactions	64	75	83	10.67%	29.69%

Sun City West and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$167,067	$145,315	$123,710	-14.87%	-25.95%
Sales Price	$148,417	$130,415	$110,500	-15.27%	-25.55%
% of Asking Price	88.84%	89.75%	89.32%	-0.47%	0.55%
$/SqFt	$117.88	$104.46	$94.48	-9.55%	-19.85%
Days on Market	154	129	49	-62.02%	-68.18%
Total Transactions	12	13	10	-23.08%	-16.67%

Surprise Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$311,867	$248,817	$257,169	3.36%	-17.54%
Sales Price	$286,440	$221,236	$227,260	2.72%	-20.66%
% of Asking Price	91.85%	88.92%	88.37%	-0.61%	-3.79%
$/SqFt	$142.93	$109.06	$103.15	-5.42%	-27.83%
Days on Market	130	134	143	6.72%	10.00%
Total Transactions	200	243	259	6.58%	29.50%

Surprise and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$141,115	$148,567	$209,283	40.87%	48.31%
Sales Price	$125,845	$130,144	$186,517	43.32%	48.21%
% of Asking Price	89.18%	87.60%	89.12%	1.74%	-0.06%
$/SqFt	$131.70	$151.62	$179.52	18.40%	36.31%
Days on Market	89	132	167	26.52%	87.64%
Total Transactions	14	9	6	-33.33%	-57.14%

Tolleson Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$262,207	$201,309	$213,163	5.89%	-18.70%
Sales Price	$245,063	$185,981	$190,059	2.19%	-22.44%
% of Asking Price	93.46%	92.39%	89.16%	-3.49%	-4.60%
$/SqFt	$133.97	$92.62	$88.47	-4.48%	-33.96%
Days on Market	93	101	122	20.79%	31.18%
Total Transactions	35	51	47	-7.84%	34.29%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

East Valley Market Report - April 2008

admin — Thu, 8 May 2008 11:04:24 -0700

East Valley single family homes, condos and townhouses sales reports for April 2008 including: Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe.

Apache Junction Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$304,850	$248,499	$221,280	-10.95%	-27.41%
Sales Price	$246,560	$225,534	$193,548	-14.18%	-21.50%
% of Asking Price	80.88%	90.76%	87.47%	-3.63%	8.15%
$/SqFt	$166.59	$139.95	$125.57	-10.28%	-24.62%
Days on Market	101	147	110	-25.17%	8.91%
Total Transactions	36	24	38	58.33%	5.56%

Apache Junction and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$109,950	$137,450	$72,900	-46.96%	-33.70%
Sales Price	$107,950	$108,250	$71,000	-34.41%	-34.23%
% of Asking Price	98.18%	78.76%	97.39%	23.67%	-0.80%
$/SqFt	$110.55	$94.96	$94.67	-0.30%	-14.37%
Days on Market	6	69	49	-28.47%	790.91%
Total Transactions	2	2	1	-50.00%	-50.00%

Chandler Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$384,476	$321,797	$337,704	4.94%	-12.17%
Sales Price	$352,378	$288,942	$302,430	4.67%	-14.17%
% of Asking Price	91.65%	89.79%	89.55%	-0.26%	-2.29%
$/SqFt	$172.92	$144.00	$143.50	-0.35%	-17.01%
Days on Market	102	116	123	6.03%	20.59%
Total Transactions	319	235	249	5.96%	-21.94%

Chandler Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$207,366	$207,953	$213,587	2.71%	3.00%
Sales Price	$195,986	$186,104	$192,345	3.35%	-1.86%
% of Asking Price	94.51%	89.49%	90.05%	0.63%	-4.72%
$/SqFt	$165.94	$150.04	$143.86	-4.12%	-13.30%
Days on Market	96	134	127	-4.89%	32.79%
Total Transactions	44	18	30	66.67%	-31.82%

Gilbert Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$358,232	$321,240	$313,511	-2.41%	-12.48%
Sales Price	$336,514	$286,335	$279,668	-2.33%	-16.89%
% of Asking Price	93.94%	89.13%	89.20%	0.08%	-5.04%
$/SqFt	$160.34	$130.99	$127.61	-2.58%	-20.41%
Days on Market	100	117	120	2.56%	20.00%
Total Transactions	281	263	282	7.22%	0.36%

Gilbert Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$221,854	$165,000	$175,085	6.11%	-21.08%
Sales Price	$210,454	$172,500	$195,985	13.61%	-6.88%
% of Asking Price	94.86%	104.55%	111.94%	7.07%	18.00%
$/SqFt	$206.14	$127.97	$122.13	-4.56%	-40.76%
Days on Market	62	23	159	590.22%	155.41%
Total Transactions	13	1	4	300.00%	-69.23%

Mesa Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$290,807	$283,257	$306,646	8.26%	5.45%
Sales Price	$274,304	$248,955	$244,133	-1.94%	-11.00%
% of Asking Price	94.32%	87.89%	79.61%	-9.42%	-15.60%
$/SqFt	$158.00	$132.98	$131.60	-1.04%	-16.71%
Days on Market	99	127	127	0.00%	28.28%
Total Transactions	406	337	363	7.72%	-10.59%

Mesa Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$168,972	$170,251	$168,001	-1.32%	-0.57%
Sales Price	$160,717	$152,822	$152,122	-0.46%	-5.35%
% of Asking Price	95.11%	89.76%	90.55%	0.87%	-4.80%
$/SqFt	$148.33	$131.98	$125.33	-5.04%	-15.51%
Days on Market	90	129	115	-11.09%	28.12%
Total Transactions	106	50	59	18.00%	-44.34%

Queen Creek Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$280,179	$217,219	$202,515	-6.77%	-27.72%
Sales Price	$258,146	$177,835	$176,526	-0.74%	-31.62%
% of Asking Price	92.14%	81.87%	87.17%	6.47%	-5.39%
$/SqFt	$121.02	$81.33	$81.28	-0.06%	-32.84%
Days on Market	107	120	122	1.67%	14.02%
Total Transactions	129	233	288	23.61%	123.26%

Tempe Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$384,456	$336,732	$314,515	-6.60%	-18.19%
Sales Price	$333,750	$303,717	$284,396	-6.36%	-14.79%
% of Asking Price	86.81%	90.20%	90.42%	0.25%	4.16%
$/SqFt	$175.60	$165.06	$158.94	-3.71%	-9.49%
Days on Market	69	106	94	-11.32%	36.23%
Total Transactions	100	74	68	-8.11%	-32.00%

Tempe Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$262,089	$192,238	$237,868	23.74%	-9.24%
Sales Price	$249,360	$175,648	$217,340	23.74%	-12.84%
% of Asking Price	95.14%	91.37%	91.37%	0.00%	-3.97%
$/SqFt	$210.92	$172.70	$175.19	1.44%	-16.94%
Days on Market	110	119	86	-27.46%	-22.00%
Total Transactions	49	21	35	66.67%	-28.57%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

Central Corridor Market Report - April 2008

admin — Thu, 8 May 2008 10:40:29 -0700

Central Corridor single family homes, condos and townhouses sales reports for April 2008.

Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$533,636	$581,679	$589,491	1.34%	10.47%
Sales Price	$491,524	$501,515	$500,755	-0.15%	1.88%
% of Asking Price	92.11%	86.22%	84.95%	-1.16%	-7.61%
$/SQFT	$233.44	$234.22	$229.10	-2.19%	-1.86%
Days on Market	121	155	134	-13.55%	10.74%
Total Transactions	94	46	48	4.35%	-48.94%

Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$221,957	$477,392	$216,705	-54.61%	-2.37%
Sales Price	$208,689	$448,987	$185,248	-58.74%	-11.23%
% of Asking Price	94.02%	94.05%	85.48%	-9.11%	-9.08%
$/SQFT	$172.89	$286.15	$146.56	-48.78%	-15.23%
Days on Market	72	109	97	-11.56%	34.36%
Total Transactions	46	24	21	-12.50%	-54.35%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

Carefree Market Report - April 2008

admin — Thu, 8 May 2008 10:35:58 -0700

Carefree single family homes sales reports for April 2008.

Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$1,109,175	$613,267	$1,023,500	66.89%	-7.72%
Sales Price	$1,014,750	$579,967	$851,071	46.74%	-16.13%
% of Asking Price	91.49%	94.57%	83.15%	-12.63%	-8.79%
$/SQFT	$320.87	$201.17	$272.07	35.24%	-15.21%
Days on Market	128	139	291	109.35%	127.34%
Total Transactions	8	3	7	133.33%	-12.50%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

Cave Creek Market Report - April 2008

admin — Thu, 8 May 2008 10:32:25 -0700

Cave Creek single family homes sales reports for April 2008.

Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$636,735	$530,114	$553,882	4.48%	-13.01%
Sales Price	$588,845	$469,311	$476,069	1.44%	-19.15%
% of Asking Price	92.48%	88.53%	85.95%	-3.37%	-6.52%
$/SQFT	$215.09	$194.85	$204.47	4.94%	-4.94%
Days on Market	143	167	200	19.76%	39.86%
Total Transactions	40	36	31	-13.89%	-22.50%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

Paradise Valley Market Report - April 2008

admin — Thu, 8 May 2008 10:20:09 -0700

Paradise Valley single family homes sales reports for April 2008.

Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$2,212,037	$2,375,425	$1,985,117	-16.43%	-10.26%
Sales Price	$2,019,517	$2,034,063	$1,574,667	-22.59%	-22.03%
% of Asking Price	91.30%	85.63%	79.32%	-8.14%	-13.19%
$/SQFT	$473.66	$430.73	$370.74	-13.93%	-21.73%
Days on Market	156	193	193	0.00%	23.72%
Total Transactions	26	16	15	-6.25%	-42.31%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.

Scottsdale Market Report - April 2008

admin — Wed, 7 May 2008 16:32:24 -0700

Scottsdale single family homes, condos and townhouses sales reports for April 2008.

Single Family Homes Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$830,100	$932,097	$839,992	-9.88%	1.19%
Sales Price	$771,224	$815,181	$723,998	-11.19%	-6.12%
% of Asking Price	92.91%	87.46%	86.19%	-1.45%	-7.23%
$/SQFT	$295.27	$283.48	$266.36	-6.04%	-9.79%
Days on Market	124	169	150	-11.39%	20.53%
Total Transactions	406	278	303	8.99%	-25.37%

Condos and Townhouses Sales Report

Average	Apr 2007	Mar 2008	Apr 2008	Monthly Change in %	Annual Change in %
Asking Price	$331,021	$337,535	$347,658	3.00%	5.03%
Sales Price	$305,882	$298,643	$300,244	0.54%	-1.84%
% of Asking Price	92.41%	88.48%	86.36%	-2.39%	-6.54%
$/SQFT	$232.36	$217.50	$222.41	2.26%	-4.28%
Days on Market	104	153	154	0.71%	48.39%
Total Transactions	176	121	128	5.79%	-27.27%

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.