Excerpt from: Phoenix real estate and news
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| August 10, 2007 | | Median price trends for condos in Phoenix | Phoenix Real Estate Condo, Townhome and Patio Home Resale chart. 
In July 2007, 310 condos sold compared to 385 a year ago. Despite the decline in sales, the median price of condos in Phoenix increased from $143,000 to $168,200 year to year. Overall townhomes and condominiums have remained popular with seasonal visitors, investors and for those seeking affordable housing. | | Median Sale Price | Median Sale Price | % Change | | | July. '06 | July. '07 | | | VALLEY | $ 181,900 | $ 179,000 | -1.60% | | Phoenix | $ 143,000 | $ 168,200 | 17.62% | | Scottsdale | $ 260,000 | $ 250,000 | -3.85% | | Glendale | $ 145,000 | $ 155,500 | 7.24% | | Mesa | $ 163,250 | $ 155,500 | -4.75% | | Tempe | $ 197,750 | $ 189,000 | -4.42% |
There are many wonderful and beautiful and affordable condo projects in Phoenix, close to major freeways, shopping and restaurants. Those that may perform better in the long run will be within walking distance to the forthcoming Metro Light Rail. | |
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