East Valley Market Conditions, April 2009

by Phoenix Homes Team
May
1

East Valley single family homes, condos and townhouses sales reports for April 2009 including: Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe.

Single Family Homes Sales Trends in Apache Junction, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$221,280
$130,417
$108,334
-16.93%
-51.04%
Sale Price
$193,548
$122,679
$104,900
-14.49%
-45.8%
% of Asking Price
87.47%
94.07%
96.83%
2.93%
10.7%
Price/SqFt
$126
$73
$66
-9.59%
-47.62%
DOM*
110
150
119
-20.67%
8.18%
Total Transactions
38
76
80
5.26%
110.53%

 

Single Family Homes Sales Trends in Chandler, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$337,704
$243,727
$226,217
-7.18%
-33.01%
Sale Price
$302,430
$238,662
$216,898
-9.12%
-28.28%
% of Asking Price
89.55%
97.92%
95.88%
-2.08%
7.07%
Price/SqFt
$144
$108
$104
-3.7%
-27.78%
DOM*
123
124
108
-12.9%
-12.2%
Total Transactions
249
278
281
1.08%
12.85%

 

Condos/Townhouses Sales Trends in Chandler, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$213,587
$130,672
$130,317
-0.27%
-38.99%
Sale Price
$192,345
$125,070
$123,007
-1.65%
-36.05%
% of Asking Price
90.05%
95.71%
94.39%
-1.38%
4.82%
Price/SqFt
$144
$105
$96
-8.57%
-33.33%
DOM*
127
131
145
10.69%
14.17%
Total Transactions
30
23
23
0%
-23.33%

 

Single Family Homes Sales Trends in Gilbert, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$313,511
$231,463
$251,920
8.84%
-19.65%
Sale Price
$279,668
$224,449
$245,415
9.34%
-12.25%
% of Asking Price
89.2%
96.97%
97.42%
0.46%
9.22%
Price/SqFt
$128
$97
$103
6.19%
-19.53%
DOM*
120
112
121
8.04%
0.83%
Total Transactions
282
315
359
13.97%
27.3%

 

Condos/Townhouses Sales Trends in Gilbert, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$175,085
$108,645
$119,556
10.04%
-31.72%
Sale Price
$195,985
$98,582
$118,046
19.74%
-39.77%
% of Asking Price
111.94%
90.74%
98.74%
8.82%
-11.79%
Price/SqFt
$122
$78
$84
7.69%
-31.15%
DOM*
159
151
136
-9.93%
-14.47%
Total Transactions
4
11
17
54.55%
325%

 

Single Family Homes Sales Trends in Mesa, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$306,646
$158,365
$171,079
8.03%
-44.21%
Sale Price
$244,133
$152,569
$162,851
6.74%
-33.29%
% of Asking Price
79.61%
96.34%
95.19%
-1.19%
19.57%
Price/SqFt
$132
$87
$90
3.45%
-31.82%
DOM*
127
119
123
3.36%
-3.15%
Total Transactions
363
565
632
11.86%
74.1%

 

Condos/Townhouses Sales Trends in Mesa, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$168,001
$95,262
$107,353
12.69%
-36.1%
Sale Price
$152,122
$90,504
$100,652
11.21%
-33.83%
% of Asking Price
90.55%
95.01%
93.76%
-1.32%
3.55%
Price/SqFt
$125
$81
$85
4.94%
-32%
DOM*
115
132
138
4.55%
20%
Total Transactions
59
55
75
36.36%
27.12%

 

Single Family Homes Sales Trends in Queen Creek, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$202,515
$136,700
$136,065
-0.46%
-32.81%
Sale Price
$176,526
$132,364
$132,844
0.36%
-24.75%
% of Asking Price
87.17%
96.83%
97.63%
0.83%
12%
Price/SqFt
$81
$60
$60
0%
-25.93%
DOM*
122
105
97
-7.62%
-20.49%
Total Transactions
288
426
477
11.97%
65.63%

 

Single Family Homes Sales Trends in Tempe, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$314,515
$217,225
$215,040
-1.01%
-31.63%
Sale Price
$284,396
$204,046
$203,529
-0.25%
-28.43%
% of Asking Price
90.42%
93.93%
94.65%
0.77%
4.68%
Price/SqFt
$159
$117
$114
-2.56%
-28.3%
DOM*
94
116
129
11.21%
37.23%
Total Transactions
68
61
70
14.75%
2.94%

 

Condos/Townhouses Sales Trends in Tempe, April 2009

  April 2008 March 2009 April 2009 Monthly Change in % Annual Change in %
Asking Price
$237,868
$122,146
$151,532
24.06%
-36.3%
Sale Price
$217,340
$119,689
$140,364
17.27%
-35.42%
% of Asking Price
91.37%
97.99%
92.63%
-5.47%
1.38%
Price/SqFt
$175
$104
$122
17.31%
-30.29%
DOM*
86
107
127
18.69%
47.67%
Total Transactions
35
13
18
38.46%
-48.57%

 

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <br> <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

You can change the default for this field in "Comment follow-up notification settings" on your account edit page.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.