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.
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March 05, 2008
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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