West Valley Market Conditions, December 2008

by Phoenix Homes Team

Jan
14

West Valley single family homes, condos and townhouses sales reports for December 2008 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Single Family Homes Sales in Avondale - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$235,599	$154,799	$135,190	-12.67%	-42.62%
Sale Price	$223,329	$170,275	$132,945	-21.92%	-40.47%
% of Asking Price	94.79%	110%	98.34%	-10.6%	3.75%
Price/SqFt	$111	$84	$69	-17.86%	-37.84%
DOM*	107	92	91	-1.09%	-14.95%
Total Transactions	57	124	159	28.23%	178.95%

Single Family Homes Sales in El Mirage - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$161,085	$98,535	$91,352	-7.29%	-43.29%
Sale Price	$158,323	$96,659	$88,949	-7.98%	-43.82%
% of Asking Price	98.29%	98.1%	97.37%	-0.74%	-0.94%
Price/SqFt	$99	$59	$56	-5.08%	-43.43%
DOM*	113	107	97	-9.35%	-14.16%
Total Transactions	13	64	82	28.13%	530.77%

Single Family Homes Sales in Glendale - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$256,885	$162,958	$155,362	-4.66%	-39.52%
Sale Price	$245,111	$161,744	$149,346	-7.67%	-39.07%
% of Asking Price	95.42%	99.26%	96.13%	-3.15%	0.74%
Price/SqFt	$132	$89	$81	-8.99%	-38.64%
DOM*	116	114	96	-15.79%	-17.24%
Total Transactions	132	225	254	12.89%	92.42%

Condos/Townhouses Sales in Glendale - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$123,573	$59,169	$47,223	-20.19%	-61.79%
Sale Price	$114,448	$54,375	$45,681	-15.99%	-60.09%
% of Asking Price	92.62%	91.9%	96.73%	5.26%	4.44%
Price/SqFt	$121	$52	$44	-15.38%	-63.64%
DOM*	92	123	126	2.44%	36.96%
Total Transactions	11	8	13	62.5%	18.18%

Single Family Homes Sales in Goodyear - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$299,138	$211,656	$189,960	-10.25%	-36.5%
Sale Price	$281,577	$218,791	$183,333	-16.21%	-34.89%
% of Asking Price	94.13%	103.37%	96.51%	-6.64%	2.53%
Price/SqFt	$125	$95	$85	-10.53%	-32%
DOM*	140	106	89	-16.04%	-36.43%
Total Transactions	59	94	128	36.17%	116.95%

Single Family Homes Sales in Laveen - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$329,734	$178,254	$165,388	-7.22%	-49.84%
Sale Price	$314,496	$178,791	$164,866	-7.79%	-47.58%
% of Asking Price	95.38%	100.3%	99.68%	-0.62%	4.51%
Price/SqFt	$118	$74	$71	-4.05%	-39.83%
DOM*	101	101	91	-9.9%	-9.9%
Total Transactions	41	59	86	45.76%	109.76%

Single Family Homes Sales in Litchfield Park - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$373,262	$240,489	$215,417	-10.43%	-42.29%
Sale Price	$348,766	$226,861	$204,947	-9.66%	-41.24%
% of Asking Price	93.44%	94.33%	95.14%	0.86%	1.82%
Price/SqFt	$129	$91	$80	-12.09%	-37.98%
DOM*	166	121	102	-15.7%	-38.55%
Total Transactions	17	44	64	45.45%	276.47%

Condos/Townhouses Sales in Litchfield Park - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$259,990	$146,545	$335,000	128.6%	28.85%
Sale Price	$259,990	$142,855	$315,000	120.5%	21.16%
% of Asking Price	100%	97.48%	94.03%	-3.54%	-5.97%
Price/SqFt	$168	$93	$177	90.32%	5.36%
DOM*	441	236	227	-3.81%	-48.53%
Total Transactions	1	2	1	-50%	0%

Single Family Homes Sales in Peoria - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$332,018	$233,537	$213,041	-8.78%	-35.83%
Sale Price	$313,414	$222,573	$201,163	-9.62%	-35.82%
% of Asking Price	94.4%	95.31%	94.42%	-0.93%	0.02%
Price/SqFt	$146	$101	$98	-2.97%	-32.88%
DOM*	135	148	115	-22.3%	-14.81%
Total Transactions	103	159	177	11.32%	71.84%

Condos/Townhouses Sales in Peoria - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$174,900	$95,947	$163,133	70.02%	-6.73%
Sale Price	$156,000	$90,444	$159,500	76.35%	2.24%
% of Asking Price	89.19%	94.27%	97.77%	3.71%	9.62%
Price/SqFt	$119	$97	$128	31.96%	7.56%
DOM*	169	132	131	-0.76%	-22.49%
Total Transactions	2	4	3	-25%	50%

Single Family Homes Sales in Sun City - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$224,617	$151,007	$141,446	-6.33%	-37.03%
Sale Price	$211,160	$142,987	$135,336	-5.35%	-35.91%
% of Asking Price	94.01%	94.69%	95.68%	1.05%	1.78%
Price/SqFt	$109	$87	$89	2.3%	-18.35%
DOM*	98	136	110	-19.12%	12.24%
Total Transactions	61	39	54	38.46%	-11.48%

Condos/Townhouses Sales in Sun City - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$118,790	$104,300	$100,424	-3.72%	-15.46%
Sale Price	$113,329	$97,594	$93,076	-4.63%	-17.87%
% of Asking Price	95.4%	93.57%	92.68%	-0.95%	-2.85%
Price/SqFt	$96	$73	$82	12.33%	-14.58%
DOM*	92	236	132	-44.07%	43.48%
Total Transactions	21	8	17	112.5%	-19.05%

Single Family Homes Sales in Sun City West - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$251,770	$239,039	$232,620	-2.69%	-7.61%
Sale Price	$237,491	$220,150	$219,737	-0.19%	-7.48%
% of Asking Price	94.33%	92.1%	94.46%	2.56%	0.14%
Price/SqFt	$129	$120	$126	5%	-2.33%
DOM*	173	128	164	28.13%	-5.2%
Total Transactions	44	34	41	20.59%	-6.82%

Condos/Townhouses Sales in Sun City West - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$144,900	$110,633	$113,100	2.23%	-21.95%
Sale Price	$136,500	$104,333	$108,750	4.23%	-20.33%
% of Asking Price	94.2%	94.31%	96.15%	1.95%	2.07%
Price/SqFt	$110	$84	$107	27.38%	-2.73%
DOM*	172	94	137	45.74%	-20.35%
Total Transactions	1	3	4	33.33%	300%

Single Family Homes Sales in Surprise - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$259,022	$180,411	$184,170	2.08%	-28.9%
Sale Price	$246,359	$183,499	$178,831	-2.54%	-27.41%
% of Asking Price	95.11%	101.71%	97.1%	-4.53%	2.09%
Price/SqFt	$117	$86	$80	-6.98%	-31.62%
DOM*	118	99	100	1.01%	-15.25%
Total Transactions	155	214	278	29.91%	79.35%

Condos/Townhouses Sales in Surprise - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$163,812	$111,023	$144,665	30.3%	-11.69%
Sale Price	$158,297	$97,000	$126,757	30.68%	-19.92%
% of Asking Price	96.63%	87.37%	87.62%	0.29%	-9.32%
Price/SqFt	$138	$99	$92	-7.07%	-33.33%
DOM*	126	150	76	-49.33%	-39.68%
Total Transactions	9	3	12	300%	33.33%

Single Family Homes Sales in Tolleson - December, 2008

	December, 2007	November, 2008	December, 2008	Monthly Change in %	Annual Change in %
Asking Price	$219,187	$128,936	$126,713	-1.72%	-42.19%
Sale Price	$214,240	$129,454	$125,079	-3.38%	-41.62%
% of Asking Price	97.74%	100.4%	98.71%	-1.68%	0.99%
Price/SqFt	$106	$67	$63	-5.97%	-40.57%
DOM*	81	69	86	24.64%	6.17%
Total Transactions	39	75	91	21.33%	133.33%

Previous Market Conditions

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