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03/11/07
Home sales can’t forecast trend
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:29 am

Median prices for existing homes in the Southeast Valley continued to bounce around in February, showing little indication of what will happen the rest of the year. Ahwatukee Foothills had the highest median, at $373,000 in February, since the $399,950 it registered last July. February can be a good month for condo purchases because that’s when winter visitors are in town. But sales of condos and townhouses decreased everywhere exceptAhwatukee Foothills in February, compared with the previous year. There were 15 condo sales and a median price of $241,100, compared to 10 sales last Feburary and a median price of $227,250.  More…

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