Central Corridor Market Report - April 2008

by Phoenix Homes Team
May
8


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.

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