South Phoenix Market Conditions, May 2008

by Phoenix Homes Team
Jun
10

South Phoenix 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 $367,757 $296,764 $294,125
-0.89%
-20.02%
Sales Price $342,728 $255,175 $254,256
-0.36%
-25.81%
% of Asking Price 93.19% 85.99% 86.44%
0.53%
-7.24%
$/SQFT $195.34 $138.72 $138.44
-0.20%
-29.13%
Days on Market 91 126 119
-5.56%
30.77%
Total Transactions 647 494 536
8.50%
-17.16%

  

Condos and Townhouses Sales Report

Average May
2007		 Apr
2008		 May
2008
Monthly Change in %
Annual Change in %
Asking Price $223,826 $197,397 $246,480
24.87%
10.12%
Sales Price $213,659 $170,212 $224,900
32.13%
5.26%
% of Asking Price 95.46% 86.23% 91.24%
5.82%
-4.41%
$/SQFT $183.85 $143.72 $183.38
27.60%
-0.26%
Days on Market 81 124 128
3.23%
58.02%
Total Transactions 167 91 102
12.09%
-38.92%

 

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

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