East Valley Market Conditions, October 2009

by Phoenix Homes Team
Nov
2

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

Single Family Homes Sales Trends in Apache Junction, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$145,101
$121,927
$105,997
-13.07%
-26.95%
Sale Price
$142,242
$120,923
$102,490
-15.24%
-27.95%
% of Asking Price
98.03%
99.18%
96.69%
-2.51%
-1.37%
Price/SqFt
$90
$73
$65
-10.96%
-27.78%
DOM*
101
83
68
-18.07%
-32.67%
Total Transactions
45
66
72
9.09%
60%

 

Single Family Homes Sales Trends in Chandler, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$288,199
$240,167
$236,656
-1.46%
-17.88%
Sale Price
$275,460
$235,142
$230,848
-1.83%
-16.2%
% of Asking Price
95.58%
97.91%
97.55%
-0.37%
2.06%
Price/SqFt
$129
$106
$107
0.94%
-17.05%
DOM*
100
93
84
-9.68%
-16%
Total Transactions
228
362
366
1.1%
60.53%

 

Condos/Townhouses Sales Trends in Chandler, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$138,184
$124,844
$98,943
-20.75%
-28.4%
Sale Price
$134,425
$118,318
$96,211
-18.68%
-28.43%
% of Asking Price
97.28%
94.77%
97.24%
2.61%
-0.04%
Price/SqFt
$118
$96
$84
-12.5%
-28.81%
DOM*
84
109
85
-22.02%
1.19%
Total Transactions
16
30
31
3.33%
93.75%

 

Single Family Homes Sales Trends in Gilbert, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$276,347
$219,188
$217,567
-0.74%
-21.27%
Sale Price
$269,579
$216,354
$214,953
-0.65%
-20.26%
% of Asking Price
97.55%
98.71%
98.8%
0.09%
1.28%
Price/SqFt
$116
$98
$98
0%
-15.52%
DOM*
103
83
86
3.61%
-16.5%
Total Transactions
288
374
382
2.14%
32.64%

 

Condos/Townhouses Sales Trends in Gilbert, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$147,330
$114,865
$118,149
2.86%
-19.81%
Sale Price
$126,317
$115,161
$114,450
-0.62%
-9.39%
% of Asking Price
85.74%
100.26%
96.87%
-3.38%
12.98%
Price/SqFt
$101
$88
$97
10.23%
-3.96%
DOM*
84
120
51
-57.5%
-39.29%
Total Transactions
3
20
16
-20%
433.33%

 

Single Family Homes Sales Trends in Mesa, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$209,972
$157,168
$159,973
1.79%
-23.81%
Sale Price
$202,375
$156,933
$157,914
0.63%
-21.97%
% of Asking Price
96.38%
99.85%
98.71%
-1.14%
2.42%
Price/SqFt
$108
$87
$85
-2.3%
-21.3%
DOM*
100
84
86
2.38%
-14%
Total Transactions
391
559
620
10.91%
58.57%

 

Condos/Townhouses Sales Trends in Mesa, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$116,283
$77,665
$83,358
7.33%
-28.31%
Sale Price
$109,409
$74,668
$80,461
7.76%
-26.46%
% of Asking Price
94.09%
96.14%
96.52%
0.4%
2.58%
Price/SqFt
$97
$69
$72
4.35%
-25.77%
DOM*
95
117
136
16.24%
43.16%
Total Transactions
34
71
86
21.13%
152.94%

 

Single Family Homes Sales Trends in Queen Creek, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$150,212
$139,535
$135,947
-2.57%
-9.5%
Sale Price
$148,811
$139,805
$135,780
-2.88%
-8.76%
% of Asking Price
99.07%
100.19%
99.88%
-0.31%
0.82%
Price/SqFt
$70
$64
$62
-3.13%
-11.43%
DOM*
74
81
62
-23.46%
-16.22%
Total Transactions
323
409
386
-5.62%
19.5%

 

Single Family Homes Sales Trends in Tempe, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$277,990
$239,618
$210,029
-12.35%
-24.45%
Sale Price
$268,253
$229,766
$204,711
-10.9%
-23.69%
% of Asking Price
96.5%
95.89%
97.47%
1.65%
1.01%
Price/SqFt
$136
$121
$115
-4.96%
-15.44%
DOM*
97
74
75
1.35%
-22.68%
Total Transactions
59
112
97
-13.39%
64.41%

 

Condos/Townhouses Sales Trends in Tempe, October 2009

  October 2008 September 2009 October 2009 Monthly Change in % Annual Change in %
Asking Price
$152,860
$154,265
$127,421
-17.4%
-16.64%
Sale Price
$147,017
$145,576
$121,769
-16.35%
-17.17%
% of Asking Price
96.18%
94.37%
95.56%
1.26%
-0.64%
Price/SqFt
$129
$114
$101
-11.4%
-21.71%
DOM*
61
109
108
-0.92%
77.05%
Total Transactions
23
47
39
-17.02%
69.57%

 

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <br> <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

You can change the default for this field in "Comment follow-up notification settings" on your account edit page.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
16 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.