North Phoenix Market Conditions, May 2008

by Phoenix Homes Team
Jun
10

North Phoenix single family homes, condos and townhouses sales reports for May 2008.

Single Family Homes Sales Report

Average May
2007		 Apr
2008		 May
2008
Monthly Change in %
Annual Change in %
Asking Price $357,549 $305,967 $307,328
0.44%
-14.05%
Sales Price $330,344 $281,646 $273,002
-3.07%
-17.36%
% of Asking Price 92.39% 92.05% 88.83%
-3.50%
-3.85%
$/SQFT $180.40 $147.39 $145.15
-1.52%
-19.54%
Days on Market 95 136 125
-8.09%
31.58%
Total Transactions 415 358 373
4.19%
-10.12%

  

Condos and Townhouses Sales Report

Average May
2007		 Apr
2008		 May
2008
Monthly Change in %
Annual Change in %
Asking Price $192,831 $194,159 $202,656
4.38%
5.10%
Sales Price $180,913 $172,038 $183,484
6.65%
1.42%
% of Asking Price 93.82% 88.61% 90.54%
2.18%
-3.50%
$/SQFT $161.75 $145.69 $159.18
9.26%
-1.59%
Days on Market 91 112 144
28.57%
58.24%
Total Transactions 64 50 51
2.00%
-20.31%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.

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