North Scottsdale Market Report - May 2008
Posted by
ScottsdaleHomes.com on
June 10th, 2008
North Scottsdale single family homes, condos and townhouses sales reports for May 2008.
Single Family Homes Sales Report
| Average | May 2007 |
Apr 2008 |
May 2008 |
Monthly Change in %
|
Annual Change in % |
|---|---|---|---|---|---|
| Asking Price | $1,030,086 | $996,474 | $842,094 |
-15.49%
|
-18.25% |
| Sales Price | $943,687 | $860,595 | $724,646 |
-15.80%
|
-23.21% |
| % of Asking Price | 91.61% | 86.36% | 86.05% |
-0.36%
|
-6.07% |
| $/SQFT | $314.57 | $282.52 | $253.41 |
-10.30%
|
-19.44% |
| Days on Market | 127 | 159 | 177 |
11.32%
|
39.37% |
| Total Transactions | 296 | 199 | 202 |
1.51%
|
-31.76% |
Condos and Townhouses Sales Report
| Average | May 2007 |
Apr 2008 |
May 2008 |
Monthly Change in %
|
Annual Change in % |
|---|---|---|---|---|---|
| Asking Price | $376,503 | $388,923 | $331,447 |
-14.78%
|
-11.97% |
| Sales Price | $353,125 | $340,574 | $296,826 |
-12.85%
|
-15.94% |
| % of Asking Price | 93.79% | 87.57% | 89.55% |
2.27%
|
-4.52% |
| $/SQFT | $247.04 | $226.54 | $210.68 |
-7.00%
|
-14.72% |
| Days on Market | 125 | 149 | 132 |
-11.41%
|
5.60% |
| Total Transactions | 68 | 45 | 46 |
2.22%
|
-32.35% |
North Scottsdale (3 and 4 bedrooms) Single Family Homes Sales by Zip Code
(May 2008)
|
85254
|
Asking Price | $468,087 |
| Sale Price | $408,255 | |
| % of Asking Price | 87.22% | |
| Days on Market | 117 | |
| Total Transactions | 33 | |
|
85255
|
Asking Price | $907,991 |
| Sale Price | $773,302 | |
| % of Asking Price | 85.17% | |
| Days on Market | 179 | |
| Total Transactions | 57 | |
|
85259
|
Asking Price | $598,762 |
| Sale Price | $547,250 | |
| % of Asking Price | 91.40% | |
| Days on Market | 185 | |
| Total Transactions | 12 | |
|
85260
|
Asking Price | $579,456 |
| Sale Price | $510,417 | |
| % of Asking Price | 88.09% | |
| Days on Market | 152 | |
| Total Transactions | 24 | |
|
85262
|
Asking Price | $1,499,295 |
| Sale Price | $1,314,875 | |
| % of Asking Price | 87.70% | |
| Days on Market | 262 | |
| Total Transactions | 20 | |
|
85266
|
Asking Price | $769,770 |
| Sale Price | $699,200 | |
| % of Asking Price | 90.83% | |
| Days on Market | 84 | |
| Total Transactions | 10 |
North Scottsdale (2 and 3 bedrooms) Condos and Townhouses Sales by Zip Code
(May 2008)
|
85054
|
Asking Price | $159,900 |
| Sale Price | $159,900 | |
| % of Asking Price | 100.00% | |
| Days on Market | 5 | |
| Total Transactions | 1 | |
|
85255
|
Asking Price | $354,365 |
| Sale Price | $314,408 | |
| % of Asking Price | 88.72% | |
| Days on Market | 196 | |
| Total Transactions | 13 | |
|
85259
|
Asking Price | $283,325 |
| Sale Price | $256,800 | |
| % of Asking Price | 90.64% | |
| Days on Market | 85 | |
| Total Transactions | 8 | |
|
85260
|
Asking Price | $321,521 |
| Sale Price | $288,126 | |
| % of Asking Price | 89.61% | |
| Days on Market | 120 | |
| Total Transactions | 19 | |
|
85262
|
Asking Price | $617,000 |
| Sale Price | $558,000 | |
| % of Asking Price | 90.44% | |
| Days on Market | 64 | |
| Total Transactions | 2 | |
|
85266
|
Asking Price | $549,000 |
| Sale Price | $487,000 | |
| % of Asking Price | 88.71% | |
| Days on Market | 108 | |
| Total Transactions | 1 |
All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.
Comments
One Response to “ North Scottsdale Market Report - May 2008 ”
Got something to say?
Is some of the weakness in your market during May attributable to seasonal factors? It would seem that the end of the “snowbird season” might have compounded poor sales from the market in general.
Is that any factor at all?