East Valley Market Conditions, February 2009

by Phoenix Homes Team
Mar
2

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

Single Family Homes Sales in Apache Junction - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$237,568
$151,684
$128,492
-15.29%
-45.91%
Sale Price
$205,317
$147,079
$123,332
-16.15%
-39.93%
% of Asking Price
86.42%
96.96%
95.98%
-1.01%
11.06%
Price/SqFt
$121
$89
$75
-15.73%
-38.02%
DOM*
103
118
124
5.08%
20.39%
Total Transactions
20
43
46
6.98%
130%

 

Single Family Homes Sales in Chandler - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$371,987
$286,908
$265,596
-7.43%
-28.6%
Sale Price
$324,834
$274,100
$252,070
-8.04%
-22.4%
% of Asking Price
87.32%
95.54%
94.91%
-0.66%
8.69%
Price/SqFt
$153
$118
$113
-4.24%
-26.14%
DOM*
149
110
113
2.73%
-24.16%
Total Transactions
163
169
179
5.92%
9.82%

 

Condos/Townhouses Sales in Chandler - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$205,151
$103,029
$118,322
14.84%
-42.32%
Sale Price
$182,558
$99,158
$118,045
19.05%
-35.34%
% of Asking Price
88.99%
96.24%
99.77%
3.67%
12.11%
Price/SqFt
$151
$93
$105
12.9%
-30.46%
DOM*
154
113
130
15.04%
-15.58%
Total Transactions
19
18
12
-33.33%
-36.84%

 

Single Family Homes Sales in Gilbert - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$336,918
$243,104
$229,062
-5.78%
-32.01%
Sale Price
$300,854
$234,494
$221,590
-5.5%
-26.35%
% of Asking Price
89.3%
96.46%
96.74%
0.29%
8.33%
Price/SqFt
$137
$103
$99
-3.88%
-27.74%
DOM*
141
105
123
17.14%
-12.77%
Total Transactions
200
219
241
10.05%
20.5%

 

Condos/Townhouses Sales in Gilbert - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$206,363
$140,258
$138,673
-1.13%
-32.8%
Sale Price
$184,069
$135,475
$131,431
-2.98%
-28.6%
% of Asking Price
89.2%
96.59%
94.78%
-1.87%
6.26%
Price/SqFt
$143
$102
$90
-11.76%
-37.06%
DOM*
126
59
74
25.42%
-41.27%
Total Transactions
8
6
15
150%
87.5%

 

Single Family Homes Sales in Mesa - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$265,210
$185,658
$181,437
-2.27%
-31.59%
Sale Price
$233,402
$172,867
$172,270
-0.35%
-26.19%
% of Asking Price
88.01%
93.11%
94.95%
1.98%
7.89%
Price/SqFt
$131
$96
$95
-1.04%
-27.48%
DOM*
133
116
120
3.45%
-9.77%
Total Transactions
292
330
390
18.18%
33.56%

 

Condos/Townhouses Sales in Mesa - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$173,192
$104,329
$92,547
-11.29%
-46.56%
Sale Price
$151,459
$100,772
$84,462
-16.19%
-44.23%
% of Asking Price
87.45%
96.59%
91.26%
-5.52%
4.36%
Price/SqFt
$131
$88
$76
-13.64%
-41.98%
DOM*
134
141
126
-10.64%
-5.97%
Total Transactions
38
34
42
23.53%
10.53%

 

Single Family Homes Sales in Queen Creek - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$229,385
$137,243
$137,452
0.15%
-40.08%
Sale Price
$199,422
$132,139
$132,731
0.45%
-33.44%
% of Asking Price
86.94%
96.28%
96.57%
0.3%
11.08%
Price/SqFt
$95
$63
$59
-6.35%
-37.89%
DOM*
119
88
85
-3.41%
-28.57%
Total Transactions
159
284
301
5.99%
89.31%

 

Single Family Homes Sales in Tempe - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$309,907
$282,548
$306,230
8.38%
-1.19%
Sale Price
$277,231
$265,261
$278,080
4.83%
0.31%
% of Asking Price
89.46%
93.88%
90.81%
-3.27%
1.51%
Price/SqFt
$155
$137
$136
-0.73%
-12.26%
DOM*
128
119
146
22.69%
14.06%
Total Transactions
49
45
54
20%
10.2%

 

Condos/Townhouses Sales in Tempe - February, 2009

  February, 2008 January, 2009 February, 2009 Monthly Change in % Annual Change in %
Asking Price
$272,105
$167,438
$137,547
-17.85%
-49.45%
Sale Price
$240,650
$151,646
$132,629
-12.54%
-44.89%
% of Asking Price
88.44%
90.57%
96.42%
6.46%
9.02%
Price/SqFt
$189
$131
$117
-10.69%
-38.1%
DOM*
114
92
107
16.3%
-6.14%
Total Transactions
20
13
17
30.77%
-15%

 

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