South Phoenix Market Conditions, June 2008

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.