Overview Of The October Greater Phoenix Real Estate Market: Some Good News!

217638 Resource 164801 165387 165387 1225839149572 1225839341235 Controlled Scottsdale Housing Market Update: October 2008 Home Sales

Scottsdale home sales for October: Sales are down but the pricing remains stronger then the valley average.

Sales of homes in Scottsdale in October 2008 were down to 267 units from 316 units in September but much higher then the 227 units sold last year.The months of inventory decreased a bit from last year but still remains high at 17 months much more then the average in a healthy market.This high supply and still low sales means that prices are declining.  The average per square foot price dropped to $336 from last years $360.  This brings the appreciation rate to negative 13.3%  It was still positive 1.8% last year.<center><div style="text-align: left;"> </div><div style="text-align: center;"><table border="1" style="width: 292px; height: 238px;"><tbody><tr><td style="text-align: center;"> </td><td>October 2008 </td><td>September 2008 </td><td>October 2007 </td></tr><tr><td>Active </td><td>4,073 </td><td>3,917 </td><td>3,916 </td></tr><tr><td>Pending </td><td>267 </td><td>316 </td><td style="text-align: center;">227 </td></tr><tr><td>Sold </td><td>226 </td><td>214 </td><td>211 </td></tr><tr><td>Months Supply </td><td>17.3 </td><td>16.6 </td><td>18.1 </td></tr><tr><td>Active $/SF </td><td>$336. </td><td>$337 </td><td>$360 </td></tr><tr><td>Appreciation Rate </td><td>(13.3%) </td><td>(11.9%) </td><td>1.8% </td></tr><tr><td>Sold $/SF </td><td>$211. </td><td>$233. </td><td>$270. </td></tr><tr><td>Median Price (annual) </td><td>$525,000 </td><td>$530,000 </td><td>$642,000 </td></tr></tbody></table><div style="text-align: left;"><center>(ARMLS Date Crunched by The Cromford Report) </center></div></div> </center> Scottsdale is doing better then the valley as a whole as its a very popular in demand market and has limited growth space.  That's partially why only 21.24% of the homes sold were foreclosures - still a very high number - but well below the Greater Phoenix average of 36.1%.  It's quite normal for sales to drop during the fall season.  They will continue to drop until late winter. 9 application/xml false October 2008 Scottsdale home sales Scottsdale homes for sale Scottsdale housing market Scottsdale MLS search Scottsdale real estate Scottsdale Realtor Overview Of The October Greater Phoenix Real Estate Market: Some Good News! October sales were lower then September but much stronger then last years. item/217567 Phoenix Real Estate Market Trends Overview | Housing Market Current and Historic graphs of the real estate market in Greater Phoenix item/180051 Scottsdale Real Estate Home Search | Scottsdale MLS Scottsdale MLS home and condo search by map. /MLSwizard Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 aciesielski 98.165.106.26 false true false false true 176502 false false true false false false true 220269 Resource 176502 173239 165387 1228999310344 1229269729929 Controlled Investment House

Property Investment Brisbane, Brisbane Property Developer

wow, i never thought about scottsdale housing market update. that's pretty interesting.  10 application/xml false Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 122.162.61.189 false true false false true 164801 blog blogsite/ArturCiesielski/web