Scottsdale Market Conditions, July 2008

by Phoenix Homes Team
Aug
15

Single Family Homes Sales in Scottsdale - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$842,789
$764,284
$670,812
-12.23%
-20.41%
Sale Price
$802,353
$666,108
$622,605
-6.53%
-22.4%
% of Asking Price
$95.2%
$87.15%
$92.81%
6.49%
-2.51%
Price/SqFt
$293
$247
$236
-4.45%
-19.45%
DOM*
124
165
162
-1.82%
30.65%
Total Transactions
335
342
324
-5.26%
-3.28%

 

Condos/Townhouses Sales in Scottsdale - July, 2008

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$372,569
$369,031
$263,027
-28.72%
-29.4%
Sale Price
$354,283
$327,675
$248,918
-24.04%
-29.74%
% of Asking Price
$95.09%
$88.79%
$94.64%
6.59%
-0.47%
Price/SqFt
$254
$250
$195
-22%
-23.23%
DOM*
124
141
147
4.26%
18.55%
Total Transactions
131
115
120
4.35%
-8.4%

 

*
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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