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Sales of existing homes in Scottsdale dropped 40 percent in 2006 from the previous year, while the median price edged up 13.3 percent, to $595,000.

The year-end figures released Wednesday by the office of Realty Studies at Arizona State University show that Scottsdale accounted for 7.7 percent of the Valley’s 67,035 sales of existing homes.  More…

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