Scottsdale Real Estate Report

Jeff Kalina
RE
/MAX Excalibur

15160 North Hayden Road
Scottsdale, AZ  85260
Direct - (602) 625-4222
jeff@southwestrealestate.com

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Phoenix Real Estate Annual Market Trends

The median price for single-family, re-sale homes in Phoenix gained 3.1% to $250,000 in 2007. Home sales were off 37.7% compared to 2006.

Phoenix
(Single-family Homes)
  Median Average Number     Percent Change
Price Price Sold SP/LP DOM Median Average Sold
2000 $117,500 $149,406 14,937 97.9% 43      
2001 $125,000 $156,399 15,923 98.1% 47 6.4% 4.7% 6.6%
2002 $130,000 $165,223 16,148 97.8% 57 4.0% 5.6% 1.4%
2003 $139,000 $176,707 17,811 98.0% 59 6.9% 7.0% 10.3%
2004 $152,000 $197,479 21,537 98.5% 48 9.4% 11.8% 20.9%
2005 $218,500 $268,498 21,453 99.3% 26 43.8% 36.0% -0.4%
2006 $242,500 $304,127 15,798 97.8% 59 11.0% 13.3% -26.4%
2007 $250,000 $325,003 9,839 96.4% 98 3.1% 6.9% -37.7%

Phoenix
(Patio Homes)
  Median Average Number     Percent Change
Price Price Sold SP/LP DOM Median Average Sold
2000 $125,000 $152,678 461 97.2% 47      
2001 $130,950 $154,418 473 97.2% 55 4.8% 1.1% 2.6%
2002 $144,200 $175,939 448 97.2% 60 10.1% 13.9% -5.3%
2003 $145,000 $168,212 566 97.6% 60 0.6% -4.4% 26.3%
2004 $158,500 $191,261 578 98.1% 53 9.3% 13.7% 2.1%
2005 $220,000 $254,790 478 99.9% 23 38.8% 33.2% -17.3%
2006 $242,900 $273,164 391 97.4% 53 10.4% 7.2% -18.2%
2007 $240,000 $293,773 320 96.5% 100 -1.2% 7.5% -18.2%

Phoenix
(Town Homes)
  Median Average Number     Percent Change
Price Price Sold SP/LP DOM Median Average Sold
2000 $74,500 $81,936 1,589 97.9% 49      
2001 $80,000 $90,429 1,729 98.1% 51 7.4% 10.4% 8.8%
2002 $84,957 $95,817 1,896 98.0% 64 6.2% 6.0% 9.7%
2003 $89,500 $102,413 1,958 98.1% 67 5.3% 6.9% 3.3%
2004 $99,000 $115,784 2,350 98.7% 59 10.6% 13.1% 20.0%
2005 $135,000 $154,316 3,013 100.0% 29 36.4% 33.3% 28.2%
2006 $157,825 $176,943 2,246 98.6% 45 16.9% 14.7% -25.5%
2007 $169,950 $184,662 1,437 97.5% 86 7.7% 4.4% -36.0%

For detailed information on Phoenix homes, condos, town houses, gated communities, country clubs or investment property, call or send me an e-mail. Better yet, fill out one of my forms. There's one for buyers and one for sellers of Phoenix real estate.


The Scottsdale Real Estate Report is published by:

Jeff Kalina
RE
/MAX Excalibur

15160 North Hayden Road
Scottsdale, AZ  85260
Direct - (602) 625-4222
jeff@southwestrealestate.com



© 2006 by http://southwestrealestate.com. All rights reserved


Monthly Trends

A month-by-month look at prices and sales.