2008 Real Estate Outlook in Greater Phoenix

194536 Resource 164801 165387 165387 1200072412787 1211059781710 Controlled Scottsdale Real Estate Resale Overview for December 2007

Median home prices for homes in Scottsdale, AZ

Scottsdale, AZ single family home resale numbers for December 2007 and a 2007 year in review for Scottsdale real estate.<table width="293" cellspacing="0" cellpadding="0" border="0" style="width: 221pt; border-collapse: collapse;"><colgroup><col width="112" style="width: 84pt;" /><col width="62" style="width: 47pt;" /><col width="66" style="width: 50pt;" /><col width="53" style="width: 40pt;" /></colgroup><tbody><tr height="18" style="height: 14.1pt;"><td width="112" height="18" style="border-style: solid none double solid; border-color: windowtext rgb(236, 233, 216) windowtext windowtext; border-width: 0.5pt medium 2pt 0.5pt; width: 84pt; height: 14.1pt; background-color: white;" class="xl71"> </td><td width="62" style="border-style: solid solid double; border-color: windowtext; border-width: 0.5pt 0.5pt 2pt; width: 47pt; background-color: rgb(250, 250, 214);" class="xl69">Dec. '06</td><td width="66" style="border-style: solid solid double none; border-color: windowtext; border-width: 0.5pt 0.5pt 2pt medium; width: 50pt; background-color: rgb(250, 250, 214);" class="xl69">Dec. '07</td><td width="53" style="border-style: solid solid double none; border-color: windowtext; border-width: 0.5pt 0.5pt 2pt medium; width: 40pt; background-color: transparent;" class="xl70">Change</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl66">Greater Phoenix</td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl67"> $ 255,900 </td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl67"> $ 232,000 </td><td align="right" style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72">-9.3%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl65">Scottsdale All</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 567,500 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 523,350 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl73">-7.8%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl65">South Scottsdale</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 350,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 279,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl73">-20.0%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl65">North Scottsdale</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 657,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 620,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl73">-5.6%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl65">Scottsdale Condos</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 264,005 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(250, 250, 214);" class="xl68"> $ 254,835 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl73">-3.5%</td></tr></tbody></table>Data from ASU Poly.  Graphed by Artur Ciesielski, CCIMScottsdale fared better then the other parts of the <a target="_blank" href="item/194493" title="Greater Phoenix resale numbers for december 2007">Phoenix valley</a>.  Scottsdale's attractiveness as a great place to live, a vacation destination, lack of land and good city management has helped keep demand up.  <a target="_blank" href="item/169799" title="South Scottsdale, AZ">South Scottsdale</a> took the biggest hit with a 20% decline.  I'm sure the area surrounding downtown Scottsdale and the Scottsdale/Thomas intersections did better, but the numbers were pulled down by other parts in South Scottsdale that have less demand.<img width="401" hspace="0" height="289" border="0" align="bottom" src="http://farm3.static.flickr.com/2348/2184052085_6b416a00b1.jpg?v=0" alt="scottsdale real estate" style="width: 401px; height: 289px;" />In 2007, a total of 4,120 single family homes sold.  This is 20% less then the 5,150 that sold in 2006.  The median home price for the year is $579,000 and is not a big decline from $595,000 in 2006.A total of 2,595 condos and townhomes sold in Scottsdale in 2007, compared to 2,900 in 2006.  The median price for the year decreased from $264,005 to $254,835.  Not a big decline either.  Please not how many condos/townhomes sold compared to single family homes.  Scottsdale is a big market for this type of real estate because it's attractive as a second home market, which drives demand for condos and town homes in Scottsdale.  <a href="item/194145">Find a condo/town-home in Scottsdale.</a> 9 application/xml false condos in scottsdale current resale numbers in scottsdale December 2007 resale numbers in scottsdale home price trends in scottsdale scottsdale median home prices scottsdale real estate scottsdale real estate trends 2008 Real Estate Outlook in Greater Phoenix 2008 outlook item/194283 Previous charts and data for Scottsdale Median home price charts for Greater Phoenix item/180051 Customized Scottsdale home search get only the homes that match your http://www.homesemailed.com Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 aciesielski 98.165.109.170 false true false false true 176502 false false true false false false true 164801 blog blogsite/ArturCiesielski/web