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January 11, 2008

Vail, AZ Market Conditions Update for December 2007

Here are the latest real estate market statistics for Vail, AZ area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced:26.0%*

Average November 2007 December 2007 % Change
Asking Price $369,117 $306,858 -16.9%
Sales Price $346,553 $293,074 -15.4%
% of Asking Price 94% 96% 2.0%
$/SQFT $140 $134 -4.3%
Days on Market 93 85 -8.6%
Total Transactions 36 22 -38.9%

Search for homes in Vail, AZ and read a neighborhood overview of the Vail, AZ area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 1/10/2008: 530 properties on the market with 138 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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