Excerpt from:  Scottsdale real estate and news
.
March 13, 2008

Scottsdale Real Estate Market Data For February 2008

Scottsdale Median Home Prices

City of Scottsdale Real Estate Resale Data for February 2008.  Below is a chart for depicting median home price changes from February 2007 to February 2008.  It represents South Scottsdale Median Home Prices, North Scottsdale Median Home Prices, Scottsdale Median Home Prices and Median Prices of Condos / Townhomes in Scottsdale.

  
 Feb. '07Feb. '08Change
Greater Phoenix $  260,000  $   220,000 -15.4%
Scottsdale All $  600,000  $   513,750 -14.4%
South Scottsdale $  321,250  $   254,000 -21.0%
North Scottsdale $  687,500  $   573,570 -16.6%
Scottsdale Condos $  254,950  $   269,000 5.5%
Data From ASU Polytechnic, Graphed by Artur Ciesielski, CCIM 

In Scottsdale a total of 250 homes sold in February 2008,  This is down from the 355 last year.  The median home price is down 14% from $600,000 last year to $513,750 this year.  This is a decline that is lower then for the Phoenix valley as a whole. 

Find out how your Scottsdale home is doing compared.  See real estate sales activity in your neighborhood.

by The Artur and Joanna Real Estate Team
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