East Valley Market Conditions, December 2008

by Phoenix Homes Team
Jan
14

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

Single Family Homes Sales in Apache Junction - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$214,932
$118,212
$119,458
1.05%
-44.42%
Sale Price
$203,111
$114,862
$117,136
1.98%
-42.33%
% of Asking Price
94.5%
97.17%
98.06%
0.92%
3.77%
Price/SqFt
$126
$80
$80
0%
-36.51%
DOM*
151
104
114
9.62%
-24.5%
Total Transactions
19
33
48
45.45%
152.63%

 

Single Family Homes Sales in Chandler - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$365,890
$263,790
$253,235
-4%
-30.79%
Sale Price
$351,557
$255,000
$244,169
-4.25%
-30.55%
% of Asking Price
96.08%
96.67%
96.42%
-0.26%
0.35%
Price/SqFt
$157
$120
$115
-4.17%
-26.75%
DOM*
115
109
112
2.75%
-2.61%
Total Transactions
217
203
219
7.88%
0.92%

 

Condos/Townhouses Sales in Chandler - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$234,949
$131,410
$282,242
114.78%
20.13%
Sale Price
$209,255
$121,583
$275,626
126.7%
31.72%
% of Asking Price
89.06%
92.52%
97.66%
5.56%
9.66%
Price/SqFt
$157
$111
$182
63.96%
15.92%
DOM*
130
116
64
-44.83%
-50.77%
Total Transactions
21
10
53
430%
152.38%

 

Single Family Homes Sales in Gilbert - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$317,280
$255,721
$250,156
-2.18%
-21.16%
Sale Price
$299,126
$249,579
$242,525
-2.83%
-18.92%
% of Asking Price
94.28%
97.6%
96.95%
-0.67%
2.83%
Price/SqFt
$137
$109
$104
-4.59%
-24.09%
DOM*
110
99
101
2.02%
-8.18%
Total Transactions
213
228
285
25%
33.8%

 

Condos/Townhouses Sales in Gilbert - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$205,440
$148,302
$131,958
-11.02%
-35.77%
Sale Price
$200,422
$147,104
$125,222
-14.88%
-37.52%
% of Asking Price
97.56%
99.19%
94.89%
-4.34%
-2.74%
Price/SqFt
$152
$130
$105
-19.23%
-30.92%
DOM*
69
47
109
131.91%
57.97%
Total Transactions
8
4
8
100%
0%

 

Single Family Homes Sales in Mesa - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$274,552
$197,114
$186,070
-5.6%
-32.23%
Sale Price
$262,718
$221,961
$177,267
-20.14%
-32.53%
% of Asking Price
95.69%
112.61%
95.27%
-15.4%
-0.44%
Price/SqFt
$145
$120
$98
-18.33%
-32.41%
DOM*
113
110
107
-2.73%
-5.31%
Total Transactions
263
344
417
21.22%
58.56%

 

Condos/Townhouses Sales in Mesa - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$161,984
$112,238
$112,197
-0.04%
-30.74%
Sale Price
$154,090
$105,890
$103,501
-2.26%
-32.83%
% of Asking Price
95.13%
94.34%
92.25%
-2.22%
-3.03%
Price/SqFt
$138
$91
$94
3.3%
-31.88%
DOM*
117
88
87
-1.14%
-25.64%
Total Transactions
53
21
38
80.95%
-28.3%

 

Single Family Homes Sales in Queen Creek - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$224,788
$150,765
$158,174
4.91%
-29.63%
Sale Price
$216,651
$149,236
$153,718
3%
-29.05%
% of Asking Price
96.38%
98.99%
97.18%
-1.83%
0.83%
Price/SqFt
$99
$67
$70
4.48%
-29.29%
DOM*
127
81
84
3.7%
-33.86%
Total Transactions
158
280
342
22.14%
116.46%

 

Single Family Homes Sales in Tempe - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$321,537
$280,783
$296,983
5.77%
-7.64%
Sale Price
$306,511
$265,349
$281,446
6.07%
-8.18%
% of Asking Price
95.33%
94.5%
94.77%
0.29%
-0.59%
Price/SqFt
$163
$137
$137
0%
-15.95%
DOM*
100
102
118
15.69%
18%
Total Transactions
57
51
67
31.37%
17.54%

 

Condos/Townhouses Sales in Tempe - December, 2008

  December, 2007 November, 2008 December, 2008 Monthly Change in % Annual Change in %
Asking Price
$231,075
$154,243
$163,791
6.19%
-29.12%
Sale Price
$219,105
$149,614
$154,275
3.12%
-29.59%
% of Asking Price
94.82%
97%
94.19%
-2.9%
-0.66%
Price/SqFt
$172
$122
$139
13.93%
-19.19%
DOM*
123
84
120
42.86%
-2.44%
Total Transactions
22
7
23
228.57%
4.55%

 

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