Scottsdale Market Conditions, May 2008

by Phoenix Homes Team
Jun
10

Scottsdale 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 $897,882 $839,992 $733,338
-12.70%
-18.33%
Sales Price $823,283 $723,998 $630,564
-12.91%
-23.41%
% of Asking Price 91.69% 86.19% 85.99%
-0.24%
-6.22%
$/SQFT $299.45 $266.36 $243.62
-8.54%
-18.64%
Days on Market 116 150 161
7.33%
38.79%
Total Transactions 424 303 329
8.58%
-22.41%

  

Condos and Townhouses Sales Report

Average May
2007		 Apr
2008		 May
2008
Monthly Change in %
Annual Change in %
Asking Price $339,387 $347,658 $363,631
4.59%
7.14%
Sales Price $315,986 $300,244 $322,901
7.55%
2.19%
% of Asking Price 93.11% 86.36% 88.80%
2.82%
-4.62%
$/SQFT $231.28 $222.41 $235.38
5.83%
1.77%
Days on Market 116 154 137
-11.04%
18.10%
Total Transactions 187 128 126
-1.56%
-32.62%

 

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

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