Central Corridor Market Conditions, July 2008

by Phoenix Homes Team
Aug
15

single Family Homes Sales in Central Corridor - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$627,122
$539,173
$514,047
-4.66%
-18.03%
Sales Price
$590,513
$472,182
$481,792
2.04%
-18.41%
% of Asking Price
94.16%
87.58%
93.73%
7.02%
-0.46%
Price/SqFt
$256.65
$213.64
$219.66
2.82%
-14.41%
DOM*
119
179
164
-8.38%
37.82%
Total Transactions

60

55

68

23.64%

13.33%

 

Condos/Townhouses Sales in Central Corridor - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$220,688
$246,350
$224,433
-8.90%
1.70%
Sales Price
$216,040
$225,300
$211,950
-5.93%
-1.89%
% of Asking Price
97.89%
91.46%
94.44%
3.26%
-3.52%
Price/SqFt
$173.83
$173.24
$175.02
1.03%
0.68%
DOM*
106
155
156
0.65%
47.17%
Total Transactions

30

23

26

13.04%

-13.33%

*DOM - Days on the market.
All the information is provided by the Arizona Regional Multiple Listing Service (ARMLS) and is deemed reliable but not guaranteed, as of 8-15-2008.

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