Excerpt from:  Greater Phoenix trends and statistics
.
June 14, 2007

Condo, Town home Median Price Changes in Greater Phoenix

Phoenix Real Estate Metro Condo Statistics

Condo, Town home, Patio Home Resale median price statistics for Phoenix, Scottsdale, Glendale, Mesa and Tempe.

 Median Sale PriceMedian Sale Price% Change
 May. '06May. '07 
VALLEY $ 175,000  $ 184,990 5.71%
Phoenix $ 153,700  $ 165,745 7.84%
Scottsdale $ 261,500  $ 273,250 4.49%
Glendale $ 148,500  $ 146,000 -1.68%
Mesa $ 157,000  $ 150,000 -4.46%
Tempe $ 198,000  $ 189,400 -4.34%

Just as with resale single family homes in Phoenix metro, condos and townhomes declined slightly, though less than houses.  Valley wide the median price gained 5.7% over last year with Phoenix leading the pack with a 7.84% increase in median price, followed by Scottsdale.

by The Artur and Joanna Real Estate Team
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