Scottsdale condo prices increase in January

Prices were up slightly for Scottsdale condominiums in January, but existing-home prices fell 8 percent from a year ago, according to the latest monthly report from Arizona State University Realty Studies. Valley's priciest home sales for 2011 | Photos Foreclosures were down for homes and condos and traditional home sales were up 20 percent. The Valley's overall median price was $131,660 for homes and $85,000 for condominiums and townhouses. January 2011 Home sales: 460 (up 12 percent) Price: $341,195 (down 8.3 percent) Traditional sales: 325 (up 20 percent) Price: $370,000 (down 12 percent) Foreclosures: 135 (down 3.6 percent) Price: $286,080 (down 0.8 percent) Condo sales: 270 (no change) Price: $146,825 (up 1.3 percent) Traditional sales: 180 (up 2.86 percent) Price: $146,750 (up 1.2 percent) Foreclosures: 90 (down 5.3 percent) Price: $149,770 (up 3.3 percent)

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