Excerpt from: Greater Phoenix trends and statistics
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| March 22, 2008 | | Median Condo Prices for February 2008 in Phoenix | The Greater Phoenix condo / townhomes real estate market has declined as well. Initially condos held stronger then single family homes but as this market progressed condos began to share the same fate as demand lessened and supply grew.
Many cities saw low double digit declines. The valley as a whole declined just over 5% while the City of Phoenix declined only 2%. Scottsdale median condo prices grew by 5.5%. | | Median Sale Price | Median Sale Price | % Change | | | Feb. '07 | Feb. '08 | | | VALLEY | $ 175,000 | $ 165,000 | -5.7% | | Phoenix | $ 150,000 | $ 147,000 | -2.0% | | Scottsdale | $ 254,950 | $ 269,000 | 5.5% | | Glendale | $ 139,000 | $ 116,065 | -16.5% | | Mesa | $ 161,400 | $ 140,000 | -13.3% | | Tempe | $ 182,500 | $ 159,000 | -12.9% |
(Graphed by Artur Ciesielski, CCIM from ASU Polytechnic data) View Phoenix real estate activity in your neighborhood at our real time Market Snapshot. View condos and townhomes for sale by area in Greater Phoenix. | |
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