Valley condo market continues slide
August 10th, 2007, 11:00 am · Post a Comment · posted by mistywilliams
The Valley’s condominium and town home market is still enjoying some popularity with seasonal visitors and young couples looking for affordable housing. But it hasn’t been enough to prevent sales from falling significantly in recent months.Condo and town home sales have consistently eroded since the spring, falling to 980 sales in July from 1,350 in March, according to Arizona State University’s Realty Studies department. That’s also down from 1,125 sales in July 2006.The slump in sales has also had a slight impact on the median price for a condo/town home, which slid to $181,000 in July from $181,250 in June.
