East Valley Market Conditions, June 2009

by Phoenix Homes Team
Jul
6

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

Single Family Homes Sales Trends in Apache Junction, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$229,226
$121,642
$125,114
2.85%
-45.42%
Sale Price
$173,926
$115,823
$117,206
1.19%
-32.61%
% of Asking Price
75.88%
95.22%
93.68%
-1.62%
23.46%
Price/SqFt
$112
$72
$73
1.39%
-34.82%
DOM*
116
125
136
8.8%
17.24%
Total Transactions
48
82
72
-12.2%
50%

 

Single Family Homes Sales Trends in Chandler, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$335,965
$237,291
$252,993
6.62%
-24.7%
Sale Price
$302,477
$229,489
$245,349
6.91%
-18.89%
% of Asking Price
90.03%
96.71%
96.98%
0.28%
7.72%
Price/SqFt
$135
$106
$107
0.94%
-20.74%
DOM*
131
121
114
-5.79%
-12.98%
Total Transactions
334
370
406
9.73%
21.56%

 

Condos/Townhouses Sales Trends in Chandler, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$247,341
$105,365
$127,282
20.8%
-48.54%
Sale Price
$216,322
$98,972
$122,322
23.59%
-43.45%
% of Asking Price
87.46%
93.93%
96.1%
2.31%
9.88%
Price/SqFt
$138
$90
$100
11.11%
-27.54%
DOM*
166
124
109
-12.1%
-34.34%
Total Transactions
21
29
39
34.48%
85.71%

 

Single Family Homes Sales Trends in Gilbert, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$320,433
$222,311
$232,797
4.72%
-27.35%
Sale Price
$285,076
$214,750
$226,574
5.51%
-20.52%
% of Asking Price
88.97%
96.6%
97.33%
0.76%
9.4%
Price/SqFt
$122
$95
$96
1.05%
-21.31%
DOM*
120
126
112
-11.11%
-6.67%
Total Transactions
331
430
443
3.02%
33.84%

 

Condos/Townhouses Sales Trends in Gilbert, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$216,359
$116,622
$120,772
3.56%
-44.18%
Sale Price
$197,893
$111,016
$114,083
2.76%
-42.35%
% of Asking Price
91.46%
95.19%
94.46%
-0.77%
3.28%
Price/SqFt
$137
$84
$89
5.95%
-35.04%
DOM*
81
176
111
-36.93%
37.04%
Total Transactions
10
22
23
4.55%
130%

 

Single Family Homes Sales Trends in Mesa, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$259,927
$166,382
$157,979
-5.05%
-39.22%
Sale Price
$232,738
$159,611
$152,774
-4.28%
-34.36%
% of Asking Price
89.54%
95.93%
96.7%
0.8%
8%
Price/SqFt
$124
$87
$87
0%
-29.84%
DOM*
122
118
115
-2.54%
-5.74%
Total Transactions
414
647
689
6.49%
66.43%

 

Condos/Townhouses Sales Trends in Mesa, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$147,911
$98,861
$90,263
-8.7%
-38.97%
Sale Price
$129,409
$93,752
$85,836
-8.44%
-33.67%
% of Asking Price
87.49%
94.83%
95.1%
0.28%
8.7%
Price/SqFt
$113
$76
$73
-3.95%
-35.4%
DOM*
139
129
146
13.18%
5.04%
Total Transactions
54
64
99
54.69%
83.33%

 

Single Family Homes Sales Trends in Queen Creek, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$195,082
$138,429
$142,409
2.88%
-27%
Sale Price
$175,462
$137,130
$140,305
2.32%
-20.04%
% of Asking Price
89.94%
99.06%
98.52%
-0.55%
9.54%
Price/SqFt
$80
$62
$64
3.23%
-20%
DOM*
123
98
95
-3.06%
-22.76%
Total Transactions
361
495
406
-17.98%
12.47%

 

Single Family Homes Sales Trends in Tempe, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$309,959
$217,430
$220,897
1.59%
-28.73%
Sale Price
$280,977
$207,845
$211,537
1.78%
-24.71%
% of Asking Price
90.65%
95.59%
95.76%
0.18%
5.64%
Price/SqFt
$153
$116
$117
0.86%
-23.53%
DOM*
132
107
100
-6.54%
-24.24%
Total Transactions
97
101
114
12.87%
17.53%

 

Condos/Townhouses Sales Trends in Tempe, June 2009

  June 2008 May 2009 June 2009 Monthly Change in % Annual Change in %
Asking Price
$238,069
$143,178
$143,442
0.18%
-39.75%
Sale Price
$217,065
$136,716
$133,951
-2.02%
-38.29%
% of Asking Price
91.18%
95.49%
93.38%
-2.21%
2.41%
Price/SqFt
$169
$122
$126
3.28%
-25.44%
DOM*
83
123
117
-4.88%
40.96%
Total Transactions
41
36
39
8.33%
-4.88%

 

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