Phoenix Uptown, Midtown, Downtown Housing Market July 2008
August 18th, 2008 categories: Market Trends, Phoenix real estate
Sales or all property types in Phoenix Central are up to 63 in July from the very bleak 28 in December 2007 but they are still down from last year despite the fact that sales for Greater Phoenix were up 39% from last year. The reason sales in Central Phoenix are down is because the bulk of the market right now are sales up to $240,000 which represent 67% of all sales. There are very few homes in Central Phoenix in that price range. Even starter homes are more expensive.
The table above show all sales by zip code with the number of sales in each zip code, the average days on the market and the average sales price.
The table below is segregated by property style in the same zip codes above. The bulk of the sales were single family homes but there are a lot of condos, townhomes, lots and patio homes selling as well.
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