Stats and Sales Monthly Trends A month-by-month look at prices and sales.

2007 Annual Phoenix/Scottsdale Real Estate Trends

The tables below shows the percentage change in median price and unit sales for new and re-sale single-family homes for selected cities in the Metropolitan Phoenix area.

Scottsdale
(Single-family Homes)
	Median	Average	Number			Percent Change
	Price	Price	Sold	SP/LP	DOM	Median	Average	Sold
2000	$277,500	$360,369	4,969	97.1%	58
2001	$285,000	$368,506	5,110	96.3%	62	2.7%	2.3%	2.8%
2002	$310,000	$390,521	5,524	96.3%	75	8.8%	6.0%	8.1%
2003	$345,325	$427,378	6,214	96.4%	79	11.4%	9.4%	12.5%
2004	$419,900	$521,561	6,861	97.1%	61	21.6%	22.0%	10.4%
2005	$575,000	$705,679	6,164	97.5%	51	36.9%	35.3%	-10.2%
2006	$640,000	$797,902	4,352	95.8%	95	11.3%	13.1%	-29.4%
2007	$635,000	$821,383	3,492	94.7%	132	-0.8%	2.9%	-19.8%

Scottsdale
(Patio Homes)
	Median	Average	Number			Percent Change
	Price	Price	Sold	SP/LP	DOM	Median	Average	Sold
2000	$198,500	$256,984	519	96.3%	59
2001	$203,000	$243,455	449	96.1%	59	2.3%	-5.3%	-13.5%
2002	$219,500	$256,742	523	96.3%	68	8.1%	5.5%	16.5%
2003	$240,000	$276,411	581	96.6%	80	9.3%	7.7%	11.1%
2004	$280,000	$319,488	601	97.5%	64	16.7%	15.6%	3.4%
2005	$379,900	$438,772	535	98.5%	42	35.7%	37.3%	-11.0%
2006	$419,313	$494,242	414	96.6%	75	10.4%	12.6%	-22.6%
2007	$419,000	$486,623	351	95.6%	119	-0.1%	-1.5%	-15.2%

Scottsdale
(Town Homes)
	Median	Average	Number			Percent Change
	Price	Price	Sold	SP/LP	DOM	Median	Average	Sold
2000	$135,000	$166,402	910	97.2%	56
2001	$140,000	$168,471	972	97.4%	62	3.7%	1.2%	6.8%
2002	$150,000	$175,987	1,114	97.2%	73	7.1%	4.5%	14.6%
2003	$160,000	$188,659	1,271	97.3%	76	6.7%	7.2%	14.1%
2004	$200,000	$230,695	1,463	98.2%	56	25.0%	22.3%	15.1%
2005	$296,750	$325,036	1,438	99.1%	32	48.4%	40.9%	-1.7%
2006	$307,000	$357,883	1,032	97.1%	77	3.5%	10.1%	-28.2%
2007	$289,000	$347,543	759	95.4%	115	-5.9%	-2.9%	-26.5%

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%

Paradise Valley
(Single-family Homes)
	Median	Average	Number			Percent Change
	Price	Price	Sold	SP/LP	DOM	Median	Average	Sold
2000	$913,000	$1,137,968	403	93.9%	100
2001	$950,000	$1,147,334	332	92.8%	101	4.1%	0.8%	-17.6%
2002	$885,000	$1,155,461	364	92.3%	132	-6.8%	0.7%	9.6%
2003	$1,000,000	$1,262,837	381	93.2%	135	13.0%	9.3%	4.7%
2004	$1,100,000	$1,385,251	447	94.3%	101	10.0%	9.7%	17.3%
2005	$1,500,000	$1,883,691	435	94.7%	123	36.4%	36.0%	-2.7%
2006	$1,900,000	$2,445,873	288	93.4%	154	26.7%	29.8%	-33.8%

Cave Creek
(Single-family Homes)
	Median	Average	Number			Percent Change
	Price	Price	Sold	SP/LP	DOM	Median	Average	Sold
2000	$236,000	$282,001	605	96.7%	66
2001	$245,000	$275,099	683	97.0%	61	3.8%	-2.4%	12.9%
2002	$260,000	$284,540	751	96.9%	75	6.1%	3.4%	10.0%
2003	$289,900	$315,160	851	96.9%	73	11.5%	10.8%	13.3%
2004	$339,000	$376,321	1,057	97.9%	56	16.9%	19.4%	24.2%
2005	$480,000	$547,945	879	98.2%	44	41.6%	45.6%	-16.8%
2006	$525,000	$573,073	576	96.5%	104	9.4%	4.6%	-34.5%

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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

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