Condo / Patio Home / Townhome Median Prices for August 2007 compared to 2006 and percent changes. | | Median Sale Price | Median Sale Price | % Change | | | Aug. '06 | Aug. '07 | | | VALLEY | $ 170,000 | $ 182,500 | 7.35% | | Phoenix | $ 153,295 | $ 173,000 | 12.85% | | Scottsdale | $ 266,000 | $ 242,900 | -8.68% | | Glendale | $ 143,000 | $ 140,500 | -1.75% | | Mesa | $ 159,950 | $ 152,000 | -4.97% | | Tempe | $ 179,250 | $ 194,950 | 8.76% |
Source: ASU Realty Studies, graphed by Artur Ciesielski, REALTOR Compared to single family homes sales in Greater Phoenix, condos in the Phoenix cities fared much better. A total of 955 sale took place in August, compared to 1,100 last year. The median price rose by 7.4% from $170,000 to $182,500. Phoenix median condo prices increased most from 153,295 to $173,000 (12.85%) while the condo median price in Scottsdale decreased by 8.7% from $266,000 to $242,900. Mesa and Glendale also has slight decreases while Tempe median condo prices increased by 8.8% |
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