North Scottsdale Market Report - June 2008

North Scottsdale single family homes, condos and townhouses sales reports for June 2008.

Single Family Homes Sales Report

Average June
2007
May
2008
June
2008
Monthly Change in %
Annual Change in %
Asking Price $1,049,739 $842,094 $844,058
0.23%
-19.59%
Sales Price $907,197 $724,646 $733,787
1.26%
-19.11%
% of Asking Price 86.42% 86.05% 86.94%
1.03%
0.60%
$/SQFT $306.43 $253.41 $255.20
0.71%
-16.72%
Days on Market 141 177 181
2.26%
28.37%
Total Transactions 264 202 247
22.28%
-6.44%

Condos and Townhouses Sales Report

Average June
2007
May
2008
June
2008
Monthly Change in %
Annual Change in %
Asking Price $408,274 $331,447 $338,427
2.11%
-17.11%
Sales Price $390,195 $296,826 $305,606
2.96%
-21.68%
% of Asking Price 95.57% 89.55% 90.30%
0.83%
-5.51%
$/SQFT $257.28 $210.68 $227.94
8.19%
-11.40%
Days on Market 105 132 114
-13.64%
8.57%
Total Transactions 51 46 36
-21.74%
-29.41%

North Scottsdale (3 and 4 bedrooms) Single Family Homes Sales by Zip Code
(June 2008)

ZipCode
Average
85254
Asking Price $497,196
Sale Price $427,404
% of Asking Price 85.96%
Days on Market 136
Total Transactions 50
85255
Asking Price $948,633
Sale Price $841,902
% of Asking Price 88.75%
Days on Market 207
Total Transactions 62
85259
Asking Price $683,267
Sale Price $579,812
% of Asking Price 84.86%
Days on Market 159
Total Transactions 24
85260
Asking Price $569,304
Sale Price $502,792
% of Asking Price 88.32%
Days on Market 192
Total Transactions 24
85262
Asking Price $1,288,374
Sale Price $1,116,483
% of Asking Price 86.66%
Days on Market 244
Total Transactions 25
85266
Asking Price $994,000
Sale Price $871,500
% of Asking Price 87.68%
Days on Market 288
Total Transactions 10
85268
Asking Price $835,000
Sale Price $715,000
% of Asking Price 85.63%
Days on Market 109
Total Transactions 1
85331
Asking Price $1,465,000
Sale Price $1,345,000
% of Asking Price 91.81%
Days on Market 70
Total Transactions 2

North Scottsdale (2 and 3 bedrooms) Condos and Townhouses Sales by Zip Code
(June 2008)

ZipCode
Average
85050
Asking Price $234,900
Sale Price $234,900
% of Asking Price 100.00%
Days on Market 14
Total Transactions 1
85254
Asking Price $719,467
Sale Price $606,917
% of Asking Price 84.36%
Days on Market 199
Total Transactions 3
85255
Asking Price $449,138
Sale Price $410,843
% of Asking Price 91.47%
Days on Market 140
Total Transactions 7
85258
Asking Price $220,000
Sale Price $207,000
% of Asking Price 94.09%
Days on Market 87
Total Transactions 1
85259
Asking Price $249,200
Sale Price $232,500
% of Asking Price 93.30%
Days on Market 40
Total Transactions 2
85260
Asking Price $279,147
Sale Price $252,750
% of Asking Price 90.54%
Days on Market 104
Total Transactions 19

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 7-07-2008.

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