West Valley Market Conditions, April 2009

by Phoenix Homes Team

May
1

West Valley single family homes, condos and townhouses sales reports for April 2009 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Single Family Homes Sales Trends in Avondale, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$215,390	$117,222	$120,420	2.73%	-44.09%
Sale Price	$188,169	$112,850	$117,135	3.8%	-37.75%
% of Asking Price	87.36%	96.27%	97.27%	1.04%	11.34%
Price/SqFt	$96	$58	$58	0%	-39.58%
DOM*	129	115	110	-4.35%	-14.73%
Total Transactions	105	193	229	18.65%	118.1%

Single Family Homes Sales Trends in El Mirage, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$170,780	$75,128	$70,880	-5.65%	-58.5%
Sale Price	$148,659	$73,282	$73,724	0.6%	-50.41%
% of Asking Price	87.05%	97.54%	104.01%	6.63%	19.48%
Price/SqFt	$84	$47	$47	0%	-44.05%
DOM*	116	125	113	-9.6%	-2.59%
Total Transactions	37	117	141	20.51%	281.08%

Single Family Homes Sales Trends in Glendale, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$260,528	$129,314	$123,510	-4.49%	-52.59%
Sale Price	$227,690	$125,068	$118,469	-5.28%	-47.97%
% of Asking Price	87.4%	96.72%	95.92%	-0.83%	9.75%
Price/SqFt	$123	$70	$67	-4.29%	-45.53%
DOM*	135	122	115	-5.74%	-14.81%
Total Transactions	198	352	461	30.97%	132.83%

Condos/Townhouses Sales Trends in Glendale, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$139,040	$44,915	$38,638	-13.98%	-72.21%
Sale Price	$130,850	$40,501	$35,115	-13.3%	-73.16%
% of Asking Price	94.11%	90.17%	90.88%	0.79%	-3.43%
Price/SqFt	$113	$33	$33	0%	-70.8%
DOM*	98	140	86	-38.57%	-12.24%
Total Transactions	10	24	27	12.5%	170%

Single Family Homes Sales Trends in Goodyear, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$302,283	$175,549	$160,501	-8.57%	-46.9%
Sale Price	$259,114	$168,985	$153,449	-9.19%	-40.78%
% of Asking Price	85.72%	96.26%	95.61%	-0.68%	11.54%
Price/SqFt	$118	$76	$69	-9.21%	-41.53%
DOM*	135	119	119	0%	-11.85%
Total Transactions	118	176	186	5.68%	57.63%

Single Family Homes Sales Trends in Laveen, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$261,359	$149,725	$134,319	-10.29%	-48.61%
Sale Price	$238,296	$145,256	$132,107	-9.05%	-44.56%
% of Asking Price	91.18%	97.02%	98.35%	1.37%	7.86%
Price/SqFt	$104	$64	$58	-9.38%	-44.23%
DOM*	115	106	104	-1.89%	-9.57%
Total Transactions	29	112	116	3.57%	300%

Single Family Homes Sales Trends in Litchfield Park, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$338,386	$232,361	$202,262	-12.95%	-40.23%
Sale Price	$287,510	$220,017	$196,368	-10.75%	-31.7%
% of Asking Price	84.97%	94.69%	97.09%	2.53%	14.26%
Price/SqFt	$118	$81	$74	-8.64%	-37.29%
DOM*	175	163	145	-11.04%	-17.14%
Total Transactions	43	60	72	20%	67.44%

Single Family Homes Sales Trends in Peoria, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$292,732	$210,638	$189,336	-10.11%	-35.32%
Sale Price	$254,824	$201,055	$183,186	-8.89%	-28.11%
% of Asking Price	87.05%	95.45%	96.75%	1.36%	11.14%
Price/SqFt	$119	$89	$87	-2.25%	-26.89%
DOM*	141	124	105	-15.32%	-25.53%
Total Transactions	147	248	264	6.45%	79.59%

Condos/Townhouses Sales Trends in Peoria, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$180,950	$164,213	$128,875	-21.52%	-28.78%
Sale Price	$160,050	$164,656	$121,000	-26.51%	-24.4%
% of Asking Price	88.45%	100.27%	93.89%	-6.36%	6.15%
Price/SqFt	$126	$107	$102	-4.67%	-19.05%
DOM*	141	238	103	-56.72%	-26.95%
Total Transactions	6	8	4	-50%	-33.33%

Single Family Homes Sales Trends in Sun City, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$208,650	$147,895	$146,664	-0.83%	-29.71%
Sale Price	$182,763	$137,467	$138,348	0.64%	-24.3%
% of Asking Price	87.59%	92.95%	94.33%	1.48%	7.69%
Price/SqFt	$111	$80	$81	1.25%	-27.03%
DOM*	118	150	177	18%	50%
Total Transactions	73	79	91	15.19%	24.66%

Condos/Townhouses Sales Trends in Sun City, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$136,865	$90,410	$85,021	-5.96%	-37.88%
Sale Price	$115,397	$83,378	$78,471	-5.88%	-32%
% of Asking Price	84.31%	92.22%	92.3%	0.09%	9.48%
Price/SqFt	$94	$63	$65	3.17%	-30.85%
DOM*	188	238	132	-44.54%	-29.79%
Total Transactions	17	20	24	20%	41.18%

Single Family Homes Sales Trends in Sun City West, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$258,789	$216,116	$211,020	-2.36%	-18.46%
Sale Price	$227,121	$204,271	$197,185	-3.47%	-13.18%
% of Asking Price	87.76%	94.52%	93.44%	-1.14%	6.47%
Price/SqFt	$130	$116	$111	-4.31%	-14.62%
DOM*	159	183	162	-11.48%	1.89%
Total Transactions	83	79	78	-1.27%	-6.02%

Condos/Townhouses Sales Trends in Sun City West, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$123,710	$113,475	$107,917	-4.9%	-12.77%
Sale Price	$110,500	$100,250	$100,358	0.11%	-9.18%
% of Asking Price	89.32%	88.35%	93%	5.26%	4.12%
Price/SqFt	$94	$72	$92	27.78%	-2.13%
DOM*	49	113	118	4.42%	140.82%
Total Transactions	10	4	12	200%	20%

Single Family Homes Sales Trends in Surprise, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$257,169	$162,454	$151,108	-6.98%	-41.24%
Sale Price	$227,260	$157,854	$147,406	-6.62%	-35.14%
% of Asking Price	88.37%	97.17%	97.55%	0.39%	10.39%
Price/SqFt	$103	$72	$68	-5.56%	-33.98%
DOM*	143	112	101	-9.82%	-29.37%
Total Transactions	259	343	381	11.08%	47.1%

Condos/Townhouses Sales Trends in Surprise, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$209,283	$122,982	$123,267	0.23%	-41.1%
Sale Price	$186,517	$111,498	$111,000	-0.45%	-40.49%
% of Asking Price	89.12%	90.66%	90.05%	-0.67%	1.04%
Price/SqFt	$180	$107	$118	10.28%	-34.44%
DOM*	167	275	145	-47.27%	-13.17%
Total Transactions	6	6	3	-50%	-50%

Single Family Homes Sales Trends in Tolleson, April 2009

	April 2008	March 2009	April 2009	Monthly Change in %	Annual Change in %
Asking Price	$213,163	$103,955	$92,869	-10.66%	-56.43%
Sale Price	$190,059	$101,111	$93,517	-7.51%	-50.8%
% of Asking Price	89.16%	97.26%	100.7%	3.54%	12.94%
Price/SqFt	$88	$51	$48	-5.88%	-45.45%
DOM*	122	122	113	-7.38%	-7.38%
Total Transactions	47	98	112	14.29%	138.3%

Previous Market Conditions

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