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December 4, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions
Reported by Bob Stahl


Chandler, Arizona
as of 11/26/2008:
After five months of increases, the number of homes resold in Chandler decreased 11% in July compared to June. Yet the 440 homes resold in July still outpaced July, 2007 by 22%. The median price was also down, to $229,500 from June's $248,875.... MORE->

DC Ranch, Arizona
as of 11/26/2008:
The number of homes resold in Scottsdale in July decreased 12.5%, but that's after a 33.3% increase in June; July's 385 homes resold is still 17% above May. Median prices in Scottsdale decreased, too, 10.2% to $450,000. The condo and townhome... MORE->

Desert Ridge, Arizona
as of 11/26/2008:
Phoenix is such a large city that home prices vary dramatically - from $99,900 in the Maryvale area to $274,250 in the Desert Ridge area. Overall, the median price for single-family homes in the City of Phoenix dropped 6.7% to $147,475.... MORE->

Gilbert, Arizona
as of 11/26/2008:
Sales volume on single-family homes (resales) in June increased for the sixth straight month in Gilbert - up this time 3.0% to 515 homes. That's 53.7% higher than the number of homes sold in June, 2007. Prices, though, decreased slightly, down 2.7%... MORE->

McDowell Mountain Ranch, Arizona
as of 11/26/2008:
The number of homes resold in Scottsdale in July decreased 12.5%, but that's after a 33.3% increase in June; July's 385 homes resold is still 17% above May. Median prices in Scottsdale decreased, too, 10.2% to $450,000. The condo and townhome... MORE->

Mesa, Arizona
as of 11/26/2008:
In Mesa, the median sales price of single-family homes decreased 3.99% to $171,925 in July compared to June. That's 29% lower than the median sales price in July, 2007. The number of homes resold was up 7.4% over June and 68% over July, 2007. That's... MORE->

Paradise Valley, Arizona
as of 11/26/2008:
The median sales price for single-family homes in Paradise Valley was $1,555,000 in July, 28.2% lower than in June (though sales prices may only reflect the sale of one or two homes in this pricey area). If you're looking for a good buy in... MORE->

Phoenix, Arizona
as of 11/26/2008:
Phoenix is such a large city that home prices vary dramatically - from $99,900 in the Maryvale area to $274,250 in the Desert Ridge area. Overall, the median price for single-family homes in the City of Phoenix dropped 6.7% to $147,475.... MORE->

Scottsdale, Arizona
as of 11/26/2008:
The number of homes resold in Scottsdale in July decreased 12.5%, but that's after a 33.3% increase in June; July's 385 homes resold is still 17% above May. Median prices in Scottsdale decreased, too, 10.2% to $450,000. The condo and townhome... MORE->

Tempe, Arizona
as of 11/26/2008:
The median price of single-family resales in Tempe remained steady at $240,000. The number of homes resold, though, was down 23.3% to 115 (from June's 150). The number of townhouses and condos resold in Tempe increased in July by 37.5%. The... MORE->


For More Information:

Navigate: Top > Arizona > Chandler


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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