Market Report: December 2007: Scottsdale Condos and Lofts
Scottsdale condo and townhome sales in December, 2007 lagged last
year’s December sales. 96 townhomes and condos sold in December,
compared to 160 in December of 2006. The average price was $309,882, less than a 1% decline from 2006.
Lower-priced condo sales were brisk, with over half of the sales priced under $230,000. Most of these sales were concentrated in downtown Scottsdale and south Scottsdale.
Scottsdale was full of condo shoppers that kept agents busy in December, but many agents remarked to me how buyers were generally skittish and not quite ready to pull the trigger on a purchase.
The most expensive condo sold in December was at the Scottsdale
Waterfront for $1,500,000. The tenth floor 2,265 square foot condo
has stellar views of the waterfront area and the valley.
December, 2007 December, 2006
#sold 96 160
Average price $309,882 $312,166
Days on Market 141 115
Avg. Price psqft $228 $223
Statistics are based in whole or in part on the data supplied to the Arizona Regional Multiple Listing. Service.. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.