Central Corridor Market Conditions, June 2008

by Phoenix Homes Team
Jul
7

Central Corridor 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 $627,824 $544,102 $539,173
-0.91%
-14.12%
Sales Price $562,806 $462,858 $472,182
2.01%
-16.10%
% of Asking Price 89.64% 85.07% 87.58%
2.95%
-2.31%
$/SQFT $239.96 $204.73 $213.64
4.35%
-10.97%
Days on Market 114 152 179
17.76%
57.02%
Total Transactions 71 42 55
30.95%
-22.54%

 

Condos and Townhouses Sales Report

Average June
2007		 May
2008		 June
2008
Monthly Change in %
Annual Change in %
Asking Price $230,169 $430,861 $246,350
-42.82%
7.03%
Sales Price $216,590 $402,524 $225,300
-44.03%
4.02%
% of Asking Price 94.10% 93.42% 91.46%
-2.11%
-2.81%
$/SQFT $170.26 $264.18 $173.24
-34.42%
1.75%
Days on Market 95 148 155
4.73%
63.16%
Total Transactions 48 29 23
-20.69%
-52.08%

 

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

Categories:
0