East Valley Market Report - April 2008

East Valley single family homes, condos and townhouses sales reports for April 2008 including: Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe.

Apache Junction Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $304,850 $248,499 $221,280
-10.95%
-27.41%
Sales Price $246,560 $225,534 $193,548
-14.18%
-21.50%
% of Asking Price 80.88% 90.76% 87.47%
-3.63%
8.15%
$/SqFt $166.59 $139.95 $125.57
-10.28%
-24.62%
Days on Market 101 147 110
-25.17%
8.91%
Total Transactions 36 24 38
58.33%
5.56%

 

Apache Junction and Townhouses Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $109,950 $137,450 $72,900
-46.96%
-33.70%
Sales Price $107,950 $108,250 $71,000
-34.41%
-34.23%
% of Asking Price 98.18% 78.76% 97.39%
23.67%
-0.80%
$/SqFt $110.55 $94.96 $94.67
-0.30%
-14.37%
Days on Market 6 69 49
-28.47%
790.91%
Total Transactions 2 2 1
-50.00%
-50.00%

 

 

Chandler Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $384,476 $321,797 $337,704
4.94%
-12.17%
Sales Price $352,378 $288,942 $302,430
4.67%
-14.17%
% of Asking Price 91.65% 89.79% 89.55%
-0.26%
-2.29%
$/SqFt $172.92 $144.00 $143.50
-0.35%
-17.01%
Days on Market 102 116 123
6.03%
20.59%
Total Transactions 319 235 249
5.96%
-21.94%

 

Chandler Condos and Townhouses Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $207,366 $207,953 $213,587
2.71%
3.00%
Sales Price $195,986 $186,104 $192,345
3.35%
-1.86%
% of Asking Price 94.51% 89.49% 90.05%
0.63%
-4.72%
$/SqFt $165.94 $150.04 $143.86
-4.12%
-13.30%
Days on Market 96 134 127
-4.89%
32.79%
Total Transactions 44 18 30
66.67%
-31.82%

 

Gilbert Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $358,232 $321,240 $313,511
-2.41%
-12.48%
Sales Price $336,514 $286,335 $279,668
-2.33%
-16.89%
% of Asking Price 93.94% 89.13% 89.20%
0.08%
-5.04%
$/SqFt $160.34 $130.99 $127.61
-2.58%
-20.41%
Days on Market 100 117 120
2.56%
20.00%
Total Transactions 281 263 282
7.22%
0.36%

 

Gilbert Condos and Townhouses Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $221,854 $165,000 $175,085
6.11%
-21.08%
Sales Price $210,454 $172,500 $195,985
13.61%
-6.88%
% of Asking Price 94.86% 104.55% 111.94%
7.07%
18.00%
$/SqFt $206.14 $127.97 $122.13
-4.56%
-40.76%
Days on Market 62 23 159
590.22%
155.41%
Total Transactions 13 1 4
300.00%
-69.23%

 

Mesa Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $290,807 $283,257 $306,646
8.26%
5.45%
Sales Price $274,304 $248,955 $244,133
-1.94%
-11.00%
% of Asking Price 94.32% 87.89% 79.61%
-9.42%
-15.60%
$/SqFt $158.00 $132.98 $131.60
-1.04%
-16.71%
Days on Market 99 127 127
0.00%
28.28%
Total Transactions 406 337 363
7.72%
-10.59%

 

Mesa Condos and Townhouses Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $168,972 $170,251 $168,001
-1.32%
-0.57%
Sales Price $160,717 $152,822 $152,122
-0.46%
-5.35%
% of Asking Price 95.11% 89.76% 90.55%
0.87%
-4.80%
$/SqFt $148.33 $131.98 $125.33
-5.04%
-15.51%
Days on Market 90 129 115
-11.09%
28.12%
Total Transactions 106 50 59
18.00%
-44.34%

 

Queen Creek Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $280,179 $217,219 $202,515
-6.77%
-27.72%
Sales Price $258,146 $177,835 $176,526
-0.74%
-31.62%
% of Asking Price 92.14% 81.87% 87.17%
6.47%
-5.39%
$/SqFt $121.02 $81.33 $81.28
-0.06%
-32.84%
Days on Market 107 120 122
1.67%
14.02%
Total Transactions 129 233 288
23.61%
123.26%

 

Tempe Single Family Homes Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $384,456 $336,732 $314,515
-6.60%
-18.19%
Sales Price $333,750 $303,717 $284,396
-6.36%
-14.79%
% of Asking Price 86.81% 90.20% 90.42%
0.25%
4.16%
$/SqFt $175.60 $165.06 $158.94
-3.71%
-9.49%
Days on Market 69 106 94
-11.32%
36.23%
Total Transactions 100 74 68
-8.11%
-32.00%

 

Tempe Condos and Townhouses Sales Report

Average Apr 2007 Mar 2008 Apr 2008
Monthly Change in %
Annual Change in %
Asking Price $262,089 $192,238 $237,868
23.74%
-9.24%
Sales Price $249,360 $175,648 $217,340
23.74%
-12.84%
% of Asking Price 95.14% 91.37% 91.37%
0.00%
-3.97%
$/SqFt $210.92 $172.70 $175.19
1.44%
-16.94%
Days on Market 110 119 86
-27.46%
-22.00%
Total Transactions 49 21 35
66.67%
-28.57%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 5-7-2008.