Condominiums and Townhomes in Greater Phoenix, a review of the 2007 December numbers plus year total sales for 2007.

	Median Sale Price	Median Sale Price	% Change
	Dec. '06	Dec. '07
VALLEY	$ 175,000	$ 167,000	-4.6%
Phoenix	$ 149,900	$ 161,550	7.8%
Scottsdale	$ 264,005	$ 254,835	-3.5%
Glendale	$ 149,900	$ 140,000	-6.6%
Mesa	$ 157,000	$ 155,000	-1.3%
Tempe	$ 190,000	$ 188,000	-1.1%

(Data from ASU Polytechnic, Graphed by Artur Ciesielsk,CCIM)

A total of 11,550 townhomes and condominiums sold in Greater Phoenix.  This is 17.5% less then in 2006.  The median sales price for the year 2007 is $179,000, an increase of 2.8% from the previous year.

For December 2007 the median condo / townhomes sale price is $167,000 compared to the $175,000 for the same period a year ago.

The declined for condos and townhomes was much smaller then single family homes in the Phoenix valley.

In Phoenix the median resale price increased by 7.8% and this with the median square footage remaining the same at 1,100 sf.