The AZ Republic reported Sunday that homes under $200k are still moving and the Short Sale market is helping home values continue to go down. Homes that sold for less than $200,000 grew to 34 percent of the market in January, up from 16 percent of the market in January 2007, according to Jay Butler, director of Realty Studies at the Morrison School of Management and Agribusiness at Arizona State University's Polytechnic campus.
« Where is the market heading | Main | Garfield historic district »
March 05, 2008
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e00982433c883300e550987a4c8833
Listed below are links to weblogs that reference Homes under $200k still selling:
Comments
You can follow this conversation by subscribing to the comment feed for this post.
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Recent Comments
- Tanya on Mortage Rates are Lowest in History
- Nick Heth on Homes sales are up 10% in the Valley
- DaveMx on Homes under $200k still selling
- Nick Heth on new contruction still coming in Downtown Phoenix
- jeremy marcott on new contruction still coming in Downtown Phoenix
- Chris Campbell on Where are the new residents going?
- Rob Yee on Where are the new residents going?
- Rob Yee on Breaking Ground
- Chris Campbell on Breaking Ground
- Dave Mx on Breaking Ground
This coincides with what I've seen in my neighborhood (Old Town Scottsdale). I've been looking at comps for my home and a lot of the sales recenty have been under $200k with some sales between $200k-$300k for larger townhouses.
Apartment conversions seem to be selling as well.
Posted by: DaveMx | March 05, 2008 at 10:46 AM