East Valley Market Conditions, September 2008

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

Single Family Homes Sales in Apache Junction - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$223,844
$151,767
$132,253
-12.86%
-40.92%
Sale Price
$215,344
$145,427
$131,702
-9.44%
-38.84%
% of Asking Price
96.2%
95.82%
99.58%
3.92%
3.51%
Price/SqFt
$125
$94
$83
-11.7%
-33.6%
DOM*
141
115
85
-26.09%
-39.72%
Total Transactions
16
47
39
-17.02%
143.75%

 

Condos/Townhouses Sales in Apache Junction - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$389,900
$80,800
$79,900
-1.11%
-79.51%
Sale Price
$370,000
$80,800
$83,900
3.84%
-77.32%
% of Asking Price
94.9%
100%
105.01%
5.01%
10.65%
Price/SqFt
$174
$87
$94
8.05%
-45.98%
DOM*
37
85
39
-54.12%
5.41%
Total Transactions
1
1
1
0%
0%

 

Single Family Homes Sales in Chandler - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$350,772
$302,604
$263,102
-13.05%
-24.99%
Sale Price
$335,651
$293,495
$256,891
-12.47%
-23.46%
% of Asking Price
95.69%
96.99%
97.64%
0.67%
2.04%
Price/SqFt
$160
$132
$128
-3.03%
-20%
DOM*
107
98
92
-6.12%
-14.02%
Total Transactions
183
300
318
6%
73.77%

 

Condos/Townhouses Sales in Chandler - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$183,414
$167,298
$159,122
-4.89%
-13.24%
Sale Price
$178,798
$163,159
$156,014
-4.38%
-12.74%
% of Asking Price
97.48%
97.53%
98.05%
0.53%
0.58%
Price/SqFt
$151
$134
$138
2.99%
-8.61%
DOM*
157
148
56
-62.16%
-64.33%
Total Transactions
25
25
25
0%
0%

 

Single Family Homes Sales in Gilbert - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$341,926
$273,199
$267,706
-2.01%
-21.71%
Sale Price
$329,505
$265,849
$262,561
-1.24%
-20.32%
% of Asking Price
96.37%
97.31%
98.08%
0.79%
1.77%
Price/SqFt
$149
$117
$118
0.85%
-20.81%
DOM*
105
115
85
-26.09%
-19.05%
Total Transactions
196
356
351
-1.4%
79.08%

 

Condos/Townhouses Sales in Gilbert - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$218,605
$192,502
$166,628
-13.44%
-23.78%
Sale Price
$215,329
$189,160
$163,328
-13.66%
-24.15%
% of Asking Price
98.5%
98.26%
98.02%
-0.24%
-0.49%
Price/SqFt
$161
$150
$131
-12.67%
-18.63%
DOM*
41
61
110
80.33%
168.29%
Total Transactions
10
8
9
12.5%
-10%

 

Single Family Homes Sales in Mesa - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$288,274
$208,637
$194,547
-6.75%
-32.51%
Sale Price
$277,418
$204,057
$189,637
-7.07%
-31.64%
% of Asking Price
96.23%
97.8%
97.48%
-0.33%
1.3%
Price/SqFt
$147
$113
$111
-1.77%
-24.49%
DOM*
119
96
93
-3.13%
-21.85%
Total Transactions
284
427
502
17.56%
76.76%

 

Condos/Townhouses Sales in Mesa - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$152,503
$124,628
$118,779
-4.69%
-22.11%
Sale Price
$148,719
$119,546
$115,308
-3.54%
-22.47%
% of Asking Price
97.52%
95.92%
97.08%
1.21%
-0.45%
Price/SqFt
$147
$108
$101
-6.48%
-31.29%
DOM*
119
122
109
-10.66%
-8.4%
Total Transactions
62
60
45
-25%
-27.42%

 

Single Family Homes Sales in Queen Creek - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$235,018
$171,471
$170,923
-0.32%
-27.27%
Sale Price
$225,297
$168,978
$175,838
4.06%
-21.95%
% of Asking Price
95.86%
98.55%
102.88%
4.39%
7.32%
Price/SqFt
$106
$77
$79
2.6%
-25.47%
DOM*
99
88
66
-25%
-33.33%
Total Transactions
132
379
387
2.11%
193.18%

 

Single Family Homes Sales in Tempe - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$330,702
$263,073
$263,853
0.3%
-20.21%
Sale Price
$319,821
$249,789
$252,352
1.03%
-21.1%
% of Asking Price
96.71%
94.95%
95.64%
0.73%
-1.11%
Price/SqFt
$176
$147
$146
-0.68%
-17.05%
DOM*
92
99
91
-8.08%
-1.09%
Total Transactions
64
82
74
-9.76%
15.63%

 

Condos/Townhouses Sales in Tempe - September, 2008

September, 2007 August, 2008 September, 2008 Monthly Change in % Annual Change in %
Asking Price
$224,683
$209,183
$211,478
1.1%
-5.88%
Sale Price
$218,077
$200,923
$203,378
1.22%
-6.74%
% of Asking Price
97.06%
96.05%
96.17%
0.12%
-0.92%
Price/SqFt
$190
$171
$167
-2.34%
-12.11%
DOM*
61
108
93
-13.89%
52.46%
Total Transactions
26
42
27
-35.71%
3.85%

 

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