South Scottsdale Market Report - May 2008
Posted by
ScottsdaleHomes.com on
June 10th, 2008
South 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 | $592,161 | $540,570 | $560,355 |
3.66%
|
-5.37% |
| Sales Price | $544,851 | $462,625 | $480,923 |
3.96%
|
-11.73% |
| % of Asking Price | 92.01% | 85.58% | 85.82% |
0.28%
|
-6.72% |
| $/SQFT | $251.10 | $221.30 | $222.97 |
0.75%
|
-11.20% |
| Days on Market | 90 | 132 | 136 |
3.03%
|
51.11% |
| Total Transactions | 128 | 104 | 127 |
22.12%
|
-0.78% |
Condos and Townhouses Sales Report
| Average | May 2007 |
Apr 2008 |
May 2008 |
Monthly Change in %
|
Annual Change in % |
|---|---|---|---|---|---|
| Asking Price | $318,177 | $325,286 | $382,136 |
17.48%
|
20.10% |
| Sales Price | $294,764 | $278,378 | $337,895 |
21.38%
|
14.63% |
| % of Asking Price | 92.64% | 85.58% | 88.42% |
3.32%
|
-4.55% |
| $/SQFT | $221.60 | $219.75 | $250.20 |
13.86%
|
12.91% |
| Days on Market | 111 | 157 | 141 |
-10.19%
|
27.03% |
| Total Transactions | 119 | 83 | 80 |
-3.61%
|
-32.77% |
South Scottsdale (3 and 4 bedrooms) Single Family Homes Sales by Zip Code
(May 2008)
|
85250
|
Asking Price | $466,262 |
| Sale Price | $403,715 | |
| % of Asking Price | 86.59% | |
| Days on Market | 134 | |
| Total Transactions | 13 | |
|
85251
|
Asking Price | $426,804 |
| Sale Price | $363,550 | |
| % of Asking Price | 85.18% | |
| Days on Market | 118 | |
| Total Transactions | 22 | |
|
85254
|
Asking Price | $709,571 |
| Sale Price | $640,914 | |
| % of Asking Price | 90.32% | |
| Days on Market | 113 | |
| Total Transactions | 7 | |
|
85257
|
Asking Price | $273,594 |
| Sale Price | $223,833 | |
| % of Asking Price | 81.81% | |
| Days on Market | 163 | |
| Total Transactions | 18 | |
|
85258
|
Asking Price | $644,756 |
| Sale Price | $554,835 | |
| % of Asking Price | 86.05% | |
| Days on Market | 145 | |
| Total Transactions | 37 | |
|
85259
|
Asking Price | $947,714 |
| Sale Price | $841,286 | |
| % of Asking Price | 88.77% | |
| Days on Market | 93 | |
| Total Transactions | 7 |
South Scottsdale (2 and 3 bedrooms) Condos and Townhouses Sales by Zip Code
(May 2008)
|
85250
|
Asking Price | $261,500 |
| Sale Price | $230,173 | |
| % of Asking Price | 88.02% | |
| Days on Market | 145 | |
| Total Transactions | 11 | |
|
85251
|
Asking Price | $637,253 |
| Sale Price | $562,858 | |
| % of Asking Price | 88.33% | |
| Days on Market | 141 | |
| Total Transactions | 23 | |
|
85253
|
Asking Price | $416,482 |
| Sale Price | $403,393 | |
| % of Asking Price | 96.86% | |
| Days on Market | 100 | |
| Total Transactions | 3 | |
|
85257
|
Asking Price | $195,806 |
| Sale Price | $169,355 | |
| % of Asking Price | 86.49% | |
| Days on Market | 172 | |
| Total Transactions | 9 | |
|
85258
|
Asking Price | $395,453 |
| Sale Price | $347,211 | |
| % of Asking Price | 87.80% | |
| Days on Market | 121 | |
| Total Transactions | 19 | |
|
85259
|
Asking Price | $337,450 |
| Sale Price | $310,500 | |
| % of Asking Price | 92.01% | |
| Days on Market | 145 | |
| Total Transactions | 2 |
All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.
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