Central Corridor Market Conditions, May 2008

by Phoenix Homes Team
Jun
10

Central Corridor 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 $693,434 $589,491 $544,102
-7.70%
-21.54%
Sales Price $634,149 $500,755 $462,858
-7.57%
-27.01%
% of Asking Price 91.45% 84.95% 85.07%
0.14%
-6.98%
$/SQFT $267.75 $229.10 $204.73
-10.64%
-23.54%
Days on Market 114 134 152
13.43%
33.33%
Total Transactions 80 48 42
-12.50%
-47.50%

  

Condos and Townhouses Sales Report

Average May
2007		 Apr
2008		 May
2008
Monthly Change in %
Annual Change in %
Asking Price $238,482 $216,705 $430,861
98.82%
80.67%
Sales Price $228,473 $185,248 $402,524
117.29%
76.18%
% of Asking Price 95.80% 85.48% 93.42%
9.29%
-2.48%
$/SQFT $188.44 $146.56 $264.18
80.25%
40.19%
Days on Market 75 97 148
52.58%
97.33%
Total Transactions 49 21 29
38.10%
-40.82%

 

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

 

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