Want to talk about great value? How about the Tempe Edgewater Condos for sale in Hayden Ferry near Tempe Town Lake. The Luxury Tempe Condo Units in Edgewater are close to ASU, Mill Avenue, Tempe Town Lake and the light rail. A foreclosure unit featured here sold for close to $840,000 in 2006 and now can be had for $379,000.
Here is another video of the Edgewater Condo complex with photos of the above mentioned foreclosure property.
Here are the market numbers for the Tempe condo market in March 2009 and how they compared to February 2009, March 2008 and the past year average. To say the Tempe luxury condo market is a little stale is an understatement.
| March 08 | February 09 |
March 09 | Past Year | |
| Sold | 10 | 6 | 4 | 100 |
| <$350K | 9 | 6 | 4 | 78 |
| >$350K | 1 | 0 | 0 | 22 |
| Low $ | $100,000 | $73,000 | $70,000 | $70,000 |
| Avg $ | $216,480 | $113,216 | $127,952 | $228,164 |
| Median $ | $186,000 | $103,700 | $88,278 | $169,450 |
| High | $490,000 | $180,000 | $265,250 | $1,098,827 |
| Avg DOM* | 81 | 156 | 96 | 101 |
* Average days on market for condo units before sold.
How long has it been since a Tempe Condo sold for over $350,000? THe last one was a $355,000 condo at the Northshore Condominiums in mid-January. To Find a luxury condo in Tempe that sold fore over $500,000 you need to go all the way back to early August when a unit at the Edgewater Hayden Ferry Lakeside complex closed for $600,000.
