North Phoenix Market Conditions, June 2008

by Phoenix Homes Team
Jul
7

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

Single Family Homes Sales Report

Average June
2007		 May
2008		 June
2008
Monthly Change in %
Annual Change in %
Asking Price $381,986 $307,328 $298,418
-2.90%
-21.88%
Sales Price $355,041 $273,002 $263,288
-3.56%
-25.84%
% of Asking Price 92.95% 88.83% 88.23%
-0.68%
-5.08%
$/SQFT $187.61 $145.15 $139.03
-4.22%
-25.89%
Days on Market 90 125 130
4.00%
44.44%
Total Transactions 409 373 416
11.53%
1.71%

 

Condos and Townhouses Sales Report

Average June
2007		 May
2008		 June
2008
Monthly Change in %
Annual Change in %
Asking Price $194,010 $202,656 $181,571
-10.40%
-6.41%
Sales Price $183,518 $183,484 $163,702
-10.78%
-10.80%
% of Asking Price 94.59% 90.54% 90.16%
-0.42%
-4.69%
$/SQFT $158.27 $159.18 $143.99
-9.54%
-9.02%
Days on Market 91 144 131
-9.03%
43.96%
Total Transactions 71 51 54
5.88%
-23.94%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 7-07-2008.

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