Scottsdale Market Conditions, June 2008

by Phoenix Homes Team
Jul
7

Scottsdale 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 $935,355 $733,338 $764,284
4.22%
-18.29%
Sales Price $819,161 $630,564 $666,108
5.64%
-18.68%
% of Asking Price 87.58% 85.99% 87.15%
1.36%
-0.48%
$/SQFT $296.00 $243.62 $246.78
1.30%
-16.63%
Days on Market 123 161 165
2.48%
34.15%
Total Transactions 396 329 342
3.95%
-13.64%

 

Condos and Townhouses Sales Report

Average June
2007		 May
2008		 June
2008
Monthly Change in %
Annual Change in %
Asking Price $356,149 $363,631 $369,031
1.49%
3.62%
Sales Price $332,358 $322,901 $327,675
1.48%
-1.41%
% of Asking Price 93.32% 88.80% 88.79%
-0.01%
-4.85%
$/SQFT $236.20 $235.38 $250.29
6.33%
5.97%
Days on Market 102 137 141
2.92%
38.24%
Total Transactions 160 126 115
-8.73%
-28.13%

 

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

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