Questa Vida Condos vs. Papago Park Condos | Prices, Days on Market, Rents.

Tempe Realty Co.

VS.

Questa Vida vs. Papago Park

Both these complexes are similar to one another; they both are less than a mile apart and draw the same type of clientele, ASU Students.  They both have similar amenities and also have similar properties.  Questa Vida is located at 850. S river road Tempe, AZ 85281 and Papago Park is located (North 700 E. Mesquite Cir Tempe, Arizona 85281) and (South 1905 E. University Drive Tempe, AZ 85281). I guess the only difference if you call it is one is gated (Questa Vida) but lets be honest its a college student place so the numbers might be easy to guess (123*****) (1111*******), etc so is it really gated?

The numbers below are somewhat identical in prices, days on market, and rents.  I do want to point out that rents during Jan-May Questa Vida numbers are high due to the type of unit 3/2 1200 sq. ft.. The typical unit will be 2/2 1000 sq. ft renting around 800-900 mo.

Jan – May 2012

Questa Vida Papago Park
Average Sold Prices $83,875 $86,471
Median Sold Prices $77,250 $85,000
High $107,000 $122,000
Low $74,000 $65,000
Days on Market 17-52 26-65
Price Per sq. ft. $65-$95 $62-$107
Rental Prices $815 – $901 $875

Jan – May 2012

Questa Vida Papago Park
Average Prices $112,082 $109,090
Median Prices $115,000 $107,000
High $125,000 $135,000
Low $89,500 $78,000
Days on Market 36-20 100-259
Price Per sq. ft. $81-$107 $68-$109
Rental Prices $1,175 $895

I don’t see too much of a change in any of these complexes value wise.  Don’t expect prices to jump up much more and some units that are listed today have been listed for a while.

We do offer free value estimates and marketing plans.

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