East Valley Market Conditions, January 2009

by Phoenix Homes Team
Feb
2

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

Single Family Homes Sales in Apache Junction - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$192,640
$119,458
$151,684
26.98%
-21.26%
Sale Price
$179,097
$117,136
$147,079
25.56%
-17.88%
% of Asking Price
92.97%
98.06%
96.96%
-1.12%
4.29%
Price/SqFt
$124
$80
$89
11.25%
-28.23%
DOM*
114
114
118
3.51%
3.51%
Total Transactions
23
48
43
-10.42%
86.96%

 

Single Family Homes Sales in Chandler - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$365,530
$253,235
$286,908
13.3%
-21.51%
Sale Price
$345,374
$244,169
$274,100
12.26%
-20.64%
% of Asking Price
94.49%
96.42%
95.54%
-0.91%
1.11%
Price/SqFt
$151
$115
$118
2.61%
-21.85%
DOM*
143
112
110
-1.79%
-23.08%
Total Transactions
149
219
169
-22.83%
13.42%

 

Condos/Townhouses Sales in Chandler - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$217,019
$282,242
$103,029
-63.5%
-52.53%
Sale Price
$202,846
$275,626
$99,158
-64.02%
-51.12%
% of Asking Price
93.47%
97.66%
96.24%
-1.45%
2.96%
Price/SqFt
$162
$182
$93
-48.9%
-42.59%
DOM*
140
64
113
76.56%
-19.29%
Total Transactions
25
53
18
-66.04%
-28%

 

Single Family Homes Sales in Gilbert - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$308,290
$250,156
$243,104
-2.82%
-21.14%
Sale Price
$293,712
$242,525
$234,494
-3.31%
-20.16%
% of Asking Price
95.27%
96.95%
96.46%
-0.51%
1.25%
Price/SqFt
$134
$104
$103
-0.96%
-23.13%
DOM*
126
101
105
3.96%
-16.67%
Total Transactions
152
285
219
-23.16%
44.08%

 

Condos/Townhouses Sales in Gilbert - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$164,400
$131,958
$140,258
6.29%
-14.68%
Sale Price
$159,286
$125,222
$135,475
8.19%
-14.95%
% of Asking Price
96.89%
94.89%
96.59%
1.79%
-0.31%
Price/SqFt
$174
$105
$102
-2.86%
-41.38%
DOM*
93
109
59
-45.87%
-36.56%
Total Transactions
7
8
6
-25%
-14.29%

 

Single Family Homes Sales in Mesa - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$289,965
$186,070
$185,658
-0.22%
-35.97%
Sale Price
$275,840
$177,267
$172,867
-2.48%
-37.33%
% of Asking Price
95.13%
95.27%
93.11%
-2.27%
-2.12%
Price/SqFt
$144
$98
$96
-2.04%
-33.33%
DOM*
128
107
116
8.41%
-9.38%
Total Transactions
206
417
330
-20.86%
60.19%

 

Condos/Townhouses Sales in Mesa - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$165,815
$112,197
$104,329
-7.01%
-37.08%
Sale Price
$154,440
$103,501
$100,772
-2.64%
-34.75%
% of Asking Price
93.14%
92.25%
96.59%
4.7%
3.7%
Price/SqFt
$133
$94
$88
-6.38%
-33.83%
DOM*
162
87
141
62.07%
-12.96%
Total Transactions
48
38
34
-10.53%
-29.17%

 

Single Family Homes Sales in Queen Creek - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$189,866
$158,174
$137,243
-13.23%
-27.72%
Sale Price
$179,419
$153,718
$132,139
-14.04%
-26.35%
% of Asking Price
94.5%
97.18%
96.28%
-0.93%
1.88%
Price/SqFt
$88
$70
$63
-10%
-28.41%
DOM*
111
84
88
4.76%
-20.72%
Total Transactions
129
342
284
-16.96%
120.16%

 

Single Family Homes Sales in Tempe - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$320,840
$296,983
$282,548
-4.86%
-11.93%
Sale Price
$304,770
$281,446
$265,261
-5.75%
-12.96%
% of Asking Price
94.99%
94.77%
93.88%
-0.94%
-1.17%
Price/SqFt
$167
$137
$137
0%
-17.96%
DOM*
100
118
119
0.85%
19%
Total Transactions
41
67
45
-32.84%
9.76%

 

Condos/Townhouses Sales in Tempe - January, 2009

  January, 2008 December, 2008 January, 2009 Monthly Change in % Annual Change in %
Asking Price
$253,291
$163,791
$167,438
2.23%
-33.89%
Sale Price
$254,520
$154,275
$151,646
-1.7%
-40.42%
% of Asking Price
100.49%
94.19%
90.57%
-3.84%
-9.87%
Price/SqFt
$213
$139
$131
-5.76%
-38.5%
DOM*
83
120
92
-23.33%
10.84%
Total Transactions
24
23
13
-43.48%
-45.83%

 

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