South Scottsdale Market Report, January 2008
Posted on February 13th, 2008 by ScottsdaleHomes.com
Considering that January is the last declining month in the seasonal sales trend, South Scottsdale’s market is stabilizing. Single family homes’ value is up 5.81% per Sq Ft comparing to the month of December 2007. The overall sales volume is a little bit low, but it was never (historically) high in this particular area. We should see more positive number at the end of February.
Single Family Homes Sales Report
| Average | Jan-07 | Dec-07 | Jan-08 | % Change Jan-08/Dec-07 | % Change 08/07 |
|---|---|---|---|---|---|
| Asking Price | $540,864 | $507,579 | $579,009 | 14.07% | 7.05% |
| Sales Price | $520,041 | $480,370 | $541,910 | 12.81% | 4.21% |
| % of Asking Price | 96.15% | 94.64% | 93.59% | -1.11% | -2.66% |
| $/SQFT | $246.58 | $222.39 | $235.31 | 5.81% | -4.57% |
| Days on Market | 103 | 145 | 141 | -2.76% | 36.89% |
| Total Transactions | 87 | 74 | 63 | -14.86% | -27.59% |
Condos and Townhouses Sales Report
| Average | Jan-07 | Dec-07 | Jan-08 | % Change Jan-08/Dec-07 | % Change 08/07 |
|---|---|---|---|---|---|
| Asking Price | $293,742 | $304,654 | $280,658 | -7.88% | -4.45% |
| Sales Price | $280,186 | $288,200 | $262,285 | -8.99% | -6.39% |
| % of Asking Price | 95.39% | 94.60% | 93.45% | -1.21% | -2.02% |
| $/SQFT | $218.21 | $232.05 | $208.49 | -10.15% | -4.45% |
| Days on Market | 115 | 113 | 105 | -7.08% | -8.70% |
| Total Transactions | 75 | 60 | 54 | -10.00% | -28.00% |