East Valley Market Conditions, November 2008

by Phoenix Homes Team
Dec
2

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

Single Family Homes Sales in Apache Junction - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$260,704
$145,101
$118,212
-18.53%
-54.66%
Sale Price
$245,891
$142,242
$114,862
-19.25%
-53.29%
% of Asking Price
94.32%
98.03%
97.17%
-0.88%
3.02%
Price/SqFt
$135
$90
$80
-11.11%
-40.74%
DOM*
166
101
104
2.97%
-37.35%
Total Transactions
23
45
33
-26.67%
43.48%

 

Condos/Townhouses Sales in Apache Junction - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$109,433
$92,400
$58,000
-37.23%
-47%
Sale Price
$103,000
$89,950
$50,000
-44.41%
-51.46%
% of Asking Price
94.12%
97.35%
86.21%
-11.44%
-8.4%
Price/SqFt
$110
$75
$63
-16%
-42.73%
DOM*
74
154
21
-86.36%
-71.62%
Total Transactions
3
2
1
-50%
-66.67%

 

Single Family Homes Sales in Chandler - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$351,606
$288,199
$263,790
-8.47%
-24.98%
Sale Price
$334,618
$275,460
$255,000
-7.43%
-23.79%
% of Asking Price
95.17%
95.58%
96.67%
1.14%
1.58%
Price/SqFt
$150
$129
$120
-6.98%
-20%
DOM*
123
100
109
9%
-11.38%
Total Transactions
201
228
203
-10.96%
1%

 

Condos/Townhouses Sales in Chandler - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$232,593
$138,184
$131,410
-4.9%
-43.5%
Sale Price
$220,101
$134,425
$121,583
-9.55%
-44.76%
% of Asking Price
94.63%
97.28%
92.52%
-4.89%
-2.23%
Price/SqFt
$166
$118
$111
-5.93%
-33.13%
DOM*
82
84
116
38.1%
41.46%
Total Transactions
19
16
10
-37.5%
-47.37%

 

Single Family Homes Sales in Gilbert - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$332,529
$276,347
$255,721
-7.46%
-23.1%
Sale Price
$318,266
$269,579
$249,579
-7.42%
-21.58%
% of Asking Price
95.71%
97.55%
97.6%
0.05%
1.97%
Price/SqFt
$142
$116
$109
-6.03%
-23.24%
DOM*
108
103
99
-3.88%
-8.33%
Total Transactions
226
288
228
-20.83%
0.88%

 

Condos/Townhouses Sales in Gilbert - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$214,289
$147,330
$148,302
0.66%
-30.79%
Sale Price
$215,380
$126,317
$147,104
16.46%
-31.7%
% of Asking Price
100.51%
85.74%
99.19%
15.69%
-1.31%
Price/SqFt
$147
$101
$130
28.71%
-11.56%
DOM*
14
84
47
-44.05%
235.71%
Total Transactions
9
3
4
33.33%
-55.56%

 

Single Family Homes Sales in Mesa - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$292,633
$209,972
$197,114
-6.12%
-32.64%
Sale Price
$280,208
$202,375
$221,961
9.68%
-20.79%
% of Asking Price
95.75%
96.38%
112.61%
16.84%
17.61%
Price/SqFt
$149
$108
$120
11.11%
-19.46%
DOM*
124
100
110
10%
-11.29%
Total Transactions
239
391
344
-12.02%
43.93%

 

Condos/Townhouses Sales in Mesa - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$158,298
$116,283
$112,238
-3.48%
-29.1%
Sale Price
$150,366
$109,409
$105,890
-3.22%
-29.58%
% of Asking Price
94.99%
94.09%
94.34%
0.27%
-0.68%
Price/SqFt
$138
$97
$91
-6.19%
-34.06%
DOM*
138
95
88
-7.37%
-36.23%
Total Transactions
48
34
21
-38.24%
-56.25%

 

Single Family Homes Sales in Queen Creek - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$218,255
$150,212
$150,765
0.37%
-30.92%
Sale Price
$210,414
$148,811
$149,236
0.29%
-29.07%
% of Asking Price
96.41%
99.07%
98.99%
-0.08%
2.68%
Price/SqFt
$98
$70
$67
-4.29%
-31.63%
DOM*
107
74
81
9.46%
-24.3%
Total Transactions
141
323
280
-13.31%
98.58%

 

Single Family Homes Sales in Tempe - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$327,392
$277,990
$280,783
1%
-14.24%
Sale Price
$314,770
$268,253
$265,349
-1.08%
-15.7%
% of Asking Price
96.14%
96.5%
94.5%
-2.07%
-1.71%
Price/SqFt
$180
$136
$137
0.74%
-23.89%
DOM*
105
97
102
5.15%
-2.86%
Total Transactions
46
59
51
-13.56%
10.87%

 

Condos/Townhouses Sales in Tempe - November, 2008

  November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in %
Asking Price
$247,223
$152,860
$154,243
0.9%
-37.61%
Sale Price
$239,438
$147,017
$149,614
1.77%
-37.51%
% of Asking Price
96.85%
96.18%
97%
0.85%
0.15%
Price/SqFt
$199
$129
$122
-5.43%
-38.69%
DOM*
73
61
84
37.7%
15.07%
Total Transactions
13
23
7
-69.57%
-46.15%

 

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