South Phoenix Market Conditions, June 2008

by Phoenix Homes Team
Jul
7

South 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 $357,690 $294,125 $269,264
-8.45%
 -24.72%
Sales Price $330,470 $254,256 $234,246
-7.87%
 -29.12%
% of Asking Price 92.39% 86.44% 87.00%
0.64%
 -5.84%
$/SQFT $183.42 $138.44 $131.03
-5.35%
 -28.56%
Days on Market 93 119 125
5.04%
 34.41%
Total Transactions 577 536 665
24.07%
 15.25%

 

Condos and Townhouses Sales Report

Average June
2007		 May
2008		 June
2008
Monthly Change in %
 Annual Change in %
Asking Price $199,878 $246,480 $197,977
-19.68%
 -0.95%
Sales Price $189,009 $224,900 $180,463
-19.76%
 -4.52%
% of Asking Price 94.56% 91.24% 91.15%
-0.10%
 -3.60%
$/SQFT $170.41 $183.38 $162.98
-11.12%
 -4.36%
Days on Market 87 128 124
-3.13%
 42.53%
Total Transactions 170 102 88
-13.73%
 -48.24%

 

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

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