200101 Resource 164804 165387 165387 1206230513228 1206230513228 Controlled Greater Phoenix Condo and Townhouse Real Estate Market Trends

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%.<table style="WIDTH: 188pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="250" border="0"><colgroup><col style="WIDTH: 52pt; mso-width-source: userset; mso-width-alt: 2523" width="69" /><col style="WIDTH: 48pt; mso-width-source: userset; mso-width-alt: 2340" width="64" /><col style="WIDTH: 52pt; mso-width-source: userset; mso-width-alt: 2523" width="69" /><col style="WIDTH: 36pt; mso-width-source: userset; mso-width-alt: 1755" width="48" /></colgroup><tbody><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl64" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" width="69" height="18"> </td><td class="xl68" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: #ece9d8; WIDTH: 48pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="64">Median Sale Price</td><td class="xl65" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="69">Median Sale Price</td><td class="xl71" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 36pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="48">% Change</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl64" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" height="18"> </td><td class="xl73" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">Feb. '07</td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent">Feb. '08</td><td class="xl80" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> </td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl66" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">VALLEY</td><td class="xl75" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $   175,000 </td><td class="xl76" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    165,000 </td><td class="xl79" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">-5.7%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl66" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">Phoenix</td><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $   150,000 </td><td class="xl67" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    147,000 </td><td class="xl79" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">-2.0%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl66" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">Scottsdale</td><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $  254,950 </td><td class="xl67" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    269,000 </td><td class="xl79" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">5.5%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl64" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" height="18">Glendale</td><td class="xl77" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $   139,000 </td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $     116,065 </td><td class="xl80" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" align="right">-16.5%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl64" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" height="18">Mesa</td><td class="xl77" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $   161,400 </td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $    140,000 </td><td class="xl80" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" align="right">-13.3%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl64" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" height="18">Tempe</td><td class="xl77" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $   182,500 </td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent"> $    159,000 </td><td class="xl80" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" align="right">-12.9%</td></tr></tbody></table>(Graphed by Artur Ciesielski, CCIM from ASU Polytechnic data)View Phoenix real estate activity in your neighborhood at our real time <a title="Phoenix real estate" href="http://www.PhoenixTrends.com" target="_blank">Market Snapshot</a>.<a title="condos for sale in greater phoenix" href="item/194145" target="_blank">View condos and townhomes for sale by area in Greater Phoenix</a>. 10 application/xml false condo market in Phoenix median home prices in Phoenix Pheonix real estate Phoenix real estate townhouse market in Phoenix Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 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 164804 blog blogsite/ArturCiesielski/web