Housingdoom has not put a lot of emphasis on condominiums in the Phoenix area, so it’s time to look at condo sales in the Valley. There is a lot to look at. (Condos, that is. Not sales.)
According to the Arizona Real Estate Center, the condominium market has cooled, along with the rest of the Phoenix market:
(Condominiums saw) a decrease from 1,470 sales for May 2006 to 1,035 sales for June, which is below last year’s 2,125 sales. Further, the median price declined slightly from $175,000 in May to $174,700 in June.