Central Corridor Market Conditions, April 2009

by Phoenix Homes Team

May
1

Single Family Homes Sales Trends in Phoenix, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$300,631	$108,202	$115,703	6.93%	-61.51%
Sale Price	$266,298	$102,874	$111,207	8.1%	-58.24%
% of Asking Price	88.58%	95.08%	96.11%	1.08%	8.5%
Price/SqFt	$142	$65	$69	6.15%	-51.41%
DOM*	130	127	118	-7.09%	-9.23%
Total Transactions	852	1963	2204	12.28%	158.69%

Condos/Townhouses Sales Trends in Phoenix, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$196,650	$116,917	$88,318	-24.46%	-55.09%
Sale Price	$172,080	$106,516	$86,622	-18.68%	-49.66%
% of Asking Price	87.51%	91.1%	98.08%	7.66%	12.08%
Price/SqFt	$145	$91	$79	-13.19%	-45.52%
DOM*	120	131	130	-0.76%	8.33%
Total Transactions	140	175	247	41.14%	76.43%

Single Family Homes Sales Trends in Central Corridor, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$589,491	$238,197	$340,750	43.05%	-42.2%
Sale Price	$500,755	$225,918	$316,736	40.2%	-36.75%
% of Asking Price	84.95%	94.85%	92.95%	-2%	9.42%
Price/SqFt	$229	$119	$143	20.17%	-37.55%
DOM*	134	136	165	21.32%	23.13%
Total Transactions	48	46	59	28.26%	22.92%

Condos/Townhouses Sales Trends in Central Corridor, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$216,705	$123,678	$101,366	-18.04%	-53.22%
Sale Price	$185,248	$114,423	$97,840	-14.49%	-47.18%
% of Asking Price	85.48%	92.52%	96.52%	4.32%	12.92%
Price/SqFt	$147	$93	$83	-10.75%	-43.54%
DOM*	97	139	95	-31.65%	-2.06%
Total Transactions	21	28	28	0%	33.33%

Previous Market Conditions

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