Phoenix Market Conditions, July 2008

by Phoenix Homes Team
Aug
15

Single Family Homes Sales in Phoenix - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$343,223
$280,483
$235,242
-16.13%
-31.46%
Sale Price
$331,690
$245,422
$226,281
-7.8%
-31.78%
% of Asking Price
$96.64%
$87.5%
$96.19%
9.93%
-0.47%
Price/SqFt
$183
$134
$126
-5.97%
-31.15%
DOM*
95
127
112
-11.81%
17.89%
Total Transactions
880
1081
1178
8.97%
33.86%

 

Condos/Townhouses Sales in Phoenix - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$191,083
$191,738
$180,548
-5.84%
-5.51%
Sale Price
$186,187
$174,089
$172,455
-0.94%
-7.38%
% of Asking Price
$97.44%
$90.8%
$95.52%
5.2%
-1.97%
Price/SqFt
$164
$156
$143
-8.33%
-12.8%
DOM*
95
127
119
-6.3%
25.26%
Total Transactions
191
142
165
16.2%
-13.61%

* 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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