Scottsdale Market Report - January 2008

by Phoenix Homes Team
Feb
13

Overall Scottsdale's housing market looks pretty stable considering historical seasonal declining trend in January. Price decline per sq. ft. is less than 2% and sales volume dip is not substantial for this time of the year. Scottsdale's market is due to turn around in February.

Single Family Homes Sales Report

Average Jan-07 Dec-07 Jan-08 % Change Jan-08/Dec-07 % Change 08/07
Asking Price $901,174 $783,476 $791,225 0.99% -12.20%
Sales Price $855,454 $735,726 $742,140 0.87% -13.25%
% of Asking Price 94.93% 93.91% 93.80% -0.12% -1.19%
$/SQFT $315.08 $271.39 $266.10 -1.95% -15.55%
Days on Market 135 169 172 1.78% 27.41%
Total Transactions 311 224 207 -7.59% -33.44%

 

Condos and Townhouses Sales Report

Average Jan-07 Dec-07 Jan-08 % Change Jan-08/Dec-07 % Change 08/07
Asking Price $346,409 $305,858 $319,289 4.39% -7.83%
Sales Price $331,822 $290,701 $298,498 2.68% -10.04%
% of Asking Price 95.79% 95.04% 93.49% -1.64% -2.40%
$/SQFT $241.85 $222.76 $220.46 -1.03% -8.85%
Days on Market 119 136 139 2.21% 16.81%
Total Transactions 123 96 81 -15.63% -34.15%

 

Categories:
0