Phoenix Area May Home Sales - 06/30/07 07:38 PM
Although average and median home sale prices picked up slightly in May ($333,800 to $350,400 and $250,000 to $255,000 respectively), new listing prices took a slight drop (average went from $413,700 to $406,700).  Although this is not nessesarily significant, this may indicate continued realization by home sellers that lower pricing is necessary to get their homes sold.  Buyers still continue to hold the upper hand, at least until sellers get to a point where continued lowering of prices is not practical.
It's also interesting to note that total home sales, although lower than last year for the same months, appears to be following the … (0 comments)

Condos for ASU Students - 06/20/07 04:57 PM
Condos in the Tempe area have generally followed the overall housing trend for the last few years. As with all housing, condos significantly appreciated in value from 2003 - 2005, and leveled off over 2006. There appears to be particularly good demand for condos in the downtown Tempe area, primarily due to the impact of ASU and business development activities. ASU housing demand will continue to put pressure on affordable student housing availabilitiy. Finding quality, reasonably priced student condos are becoming more difficult to find. I think a purchase now will be a good long term investment.
We are in a buyers market, so … (0 comments)

 
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