Saturday, March 26, 2011

Scottsdale condo prices increase in January

Prices were up slightly for Scottsdale condominiums in January, but existing-home prices fell 8 percent from a year ago, according to the latest monthly report from Arizona State University Realty Studies.

- Valley's priciest home sales for 2011 | Photos

Foreclosures were down for homes and condos and traditional home sales were up 20 percent.


The Valley's overall median price was $131,660 for homes and $85,000 for condominiums and townhouses.

January 2011

Home sales: 460 (up 12 percent)

Price: $341,195 (down 8.3 percent)

Traditional sales: 325 (up 20 percent)

Price: $370,000 (down 12 percent)

Foreclosures: 135 (down 3.6 percent)

Price: $286,080 (down 0.8 percent)

Condo sales: 270 (no change)

Price: $146,825 (up 1.3 percent)

Traditional sales: 180 (up 2.86 percent)

Price: $146,750 (up 1.2 percent)

Foreclosures: 90 (down 5.3 percent)

Price: $149,770 (up 3.3 percent)

January 2010

Home sales: 410

Price: $372,000

Traditional sales: 270

Price: $420,000

Foreclosures: 140

Price: $288,500

Condo sales: 270

Price: $144,970

Traditional sales: 175

Price: $144,975

Foreclosures: 95

Median: $144,985

by Peter Corbett The Arizona Republic Feb. 22, 2011 09:21 AM





Scottsdale condo prices increase in January

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