The Greater Phoenix Condo and Townhouse market in April 2008 ended with 835 sales.  This is up from the 685 sales in March 2008 but down from the 1,305 sold last year in April. 

	Median Sale Price	Median Sale Price
	April'07	April'08
VALLEY	$    184,950	$     165,000
Phoenix	$    165,000	$      150,000
Scottsdale	$   264,450	$      262,500
Glendale	$    136,250	$      115,630
Mesa	$    158,000	$      140,000
Tempe	$    184,200	$      172,475

The median price for condos and townhouses in Greater Phoenix declined from $184,950 last year to $165,000 this year.  It was the same in March and February.   Most cities saw as light decline as well with Scottsdale almost the same as last year.

But, its the trend that counts, not the price change from one year to another.  The trend is for stability, at least for the mean time. 

If you're interested in buying a condo you can easily search by map or criteria on our Phoenix MLS home search.

If you have a condo or townhouse to sell and you'd like to see what the market is like in your area there are two choices.  Look below at the links.