West Valley Market Conditions, February 2009

by Phoenix Homes Team

Mar
2

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

Single Family Homes Sales in Avondale - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$237,275	$124,177	$114,513	-7.78%	-51.74%
Sale Price	$200,903	$119,773	$111,668	-6.77%	-44.42%
% of Asking Price	84.67%	96.45%	97.52%	1.11%	15.18%
Price/SqFt	$101	$65	$59	-9.23%	-41.58%
DOM*	145	92	101	9.78%	-30.34%
Total Transactions	86	126	147	16.67%	70.93%

Single Family Homes Sales in El Mirage - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$172,756	$86,314	$82,292	-4.66%	-52.37%
Sale Price	$150,987	$93,355	$79,209	-15.15%	-47.54%
% of Asking Price	87.4%	108.16%	96.25%	-11.01%	10.13%
Price/SqFt	$94	$59	$50	-15.25%	-46.81%
DOM*	129	103	119	15.53%	-7.75%
Total Transactions	38	77	95	23.38%	150%

Single Family Homes Sales in Glendale - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$269,733	$145,846	$149,851	2.75%	-44.44%
Sale Price	$237,243	$140,885	$142,537	1.17%	-39.92%
% of Asking Price	87.95%	96.6%	95.12%	-1.53%	8.15%
Price/SqFt	$128	$76	$75	-1.32%	-41.41%
DOM*	119	98	136	38.78%	14.29%
Total Transactions	137	253	256	1.19%	86.86%

Condos/Townhouses Sales in Glendale - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$148,775	$63,819	$58,940	-7.65%	-60.38%
Sale Price	$135,788	$58,843	$78,808	33.93%	-41.96%
% of Asking Price	91.27%	92.2%	133.71%	45.02%	46.5%
Price/SqFt	$116	$54	$68	25.93%	-41.38%
DOM*	105	130	96	-26.15%	-8.57%
Total Transactions	8	23	24	4.35%	200%

Single Family Homes Sales in Goodyear - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$294,156	$178,653	$179,127	0.27%	-39.1%
Sale Price	$256,844	$171,757	$173,918	1.26%	-32.29%
% of Asking Price	87.32%	96.14%	97.09%	0.99%	11.19%
Price/SqFt	$117	$77	$78	1.3%	-33.33%
DOM*	141	93	112	20.43%	-20.57%
Total Transactions	78	124	107	-13.71%	37.18%

Condos/Townhouses Sales in Goodyear - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$179,012	$113,502	$128,175	12.93%	-28.4%
Sale Price	$156,093	$113,502	$119,500	5.28%	-23.44%
% of Asking Price	87.2%	100%	93.23%	-6.77%	6.92%
Price/SqFt	$127	$100	$171	71%	34.65%
DOM*	100	16	35	118.75%	-65%
Total Transactions	5	1	2	100%	-60%

Single Family Homes Sales in Laveen - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$402,456	$158,238	$173,555	9.68%	-56.88%
Sale Price	$230,690	$177,325	$170,507	-3.84%	-26.09%
% of Asking Price	57.32%	112.06%	98.24%	-12.33%	71.39%
Price/SqFt	$91	$77	$67	-12.99%	-26.37%
DOM*	90	100	104	4%	15.56%
Total Transactions	18	62	73	17.74%	305.56%

Single Family Homes Sales in Litchfield Park - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$320,789	$213,081	$232,118	8.93%	-27.64%
Sale Price	$283,195	$203,029	$221,839	9.26%	-21.67%
% of Asking Price	88.28%	95.28%	95.57%	0.3%	8.26%
Price/SqFt	$109	$77	$79	2.6%	-27.52%
DOM*	194	171	132	-22.81%	-31.96%
Total Transactions	26	49	41	-16.33%	57.69%

Condos/Townhouses Sales in Litchfield Park - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$212,490	$129,000	$77,175	-40.17%	-63.68%
Sale Price	$184,990	$125,000	$73,767	-40.99%	-60.12%
% of Asking Price	87.06%	96.9%	95.58%	-1.36%	9.79%
Price/SqFt	$168	$111	$54	-51.35%	-67.86%
DOM*	336	135	146	8.15%	-56.55%
Total Transactions	4	1	4	300%	0%

Single Family Homes Sales in Peoria - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$319,293	$240,196	$191,570	-20.24%	-40%
Sale Price	$278,109	$228,074	$184,083	-19.29%	-33.81%
% of Asking Price	87.1%	94.95%	96.09%	1.2%	10.32%
Price/SqFt	$135	$98	$87	-11.22%	-35.56%
DOM*	154	130	137	5.38%	-11.04%
Total Transactions	119	141	177	25.53%	48.74%

Condos/Townhouses Sales in Peoria - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$273,594	$161,720	$101,600	-37.18%	-62.86%
Sale Price	$233,286	$151,500	$98,283	-35.13%	-57.87%
% of Asking Price	85.27%	93.68%	96.74%	3.27%	13.45%
Price/SqFt	$186	$103	$74	-28.16%	-60.22%
DOM*	153	113	204	80.53%	33.33%
Total Transactions	7	5	3	-40%	-57.14%

Single Family Homes Sales in Sun City - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$194,906	$153,116	$148,269	-3.17%	-23.93%
Sale Price	$174,572	$141,138	$138,877	-1.6%	-20.45%
% of Asking Price	89.57%	92.18%	93.67%	1.62%	4.58%
Price/SqFt	$105	$80	$87	8.75%	-17.14%
DOM*	98	138	137	-0.72%	39.8%
Total Transactions	76	32	69	115.63%	-9.21%

Condos/Townhouses Sales in Sun City - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$121,500	$99,090	$88,613	-10.57%	-27.07%
Sale Price	$106,126	$90,480	$81,166	-10.29%	-23.52%
% of Asking Price	87.35%	91.31%	91.6%	0.32%	4.87%
Price/SqFt	$92	$72	$69	-4.17%	-25%
DOM*	128	235	184	-21.7%	43.75%
Total Transactions	27	10	16	60%	-40.74%

Single Family Homes Sales in Sun City West - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$264,263	$262,267	$221,609	-15.5%	-16.14%
Sale Price	$238,937	$237,000	$208,101	-12.19%	-12.91%
% of Asking Price	90.42%	90.37%	93.9%	3.91%	3.85%
Price/SqFt	$131	$118	$115	-2.54%	-12.21%
DOM*	133	129	138	6.98%	3.76%
Total Transactions	51	33	37	12.12%	-27.45%

Condos/Townhouses Sales in Sun City West - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$273,863	$124,267	$119,000	-4.24%	-56.55%
Sale Price	$118,188	$120,633	$116,000	-3.84%	-1.85%
% of Asking Price	43.16%	97.08%	97.48%	0.41%	125.86%
Price/SqFt	$96	$95	$83	-12.63%	-13.54%
DOM*	130	56	21	-62.5%	-83.85%
Total Transactions	8	3	1	-66.67%	-87.5%

Single Family Homes Sales in Surprise - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$276,205	$162,080	$165,287	1.98%	-40.16%
Sale Price	$248,627	$158,222	$160,543	1.47%	-35.43%
% of Asking Price	90.02%	97.62%	97.13%	-0.5%	7.9%
Price/SqFt	$118	$72	$75	4.17%	-36.44%
DOM*	144	105	117	11.43%	-18.75%
Total Transactions	151	202	271	34.16%	79.47%

Condos/Townhouses Sales in Surprise - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$109,720	$114,500	$115,317	0.71%	5.1%
Sale Price	$106,180	$112,000	$105,833	-5.51%	-0.33%
% of Asking Price	96.77%	97.82%	91.78%	-6.17%	-5.16%
Price/SqFt	$106	$72	$112	55.56%	5.66%
DOM*	75	75	186	148%	148%
Total Transactions	5	2	6	200%	20%

Single Family Homes Sales in Tolleson - February, 2009

	February, 2008	January, 2009	February, 2009	Monthly Change in %	Annual Change in %
Asking Price	$210,774	$114,160	$115,074	0.8%	-45.4%
Sale Price	$188,724	$111,704	$112,198	0.44%	-40.55%
% of Asking Price	89.54%	97.85%	97.5%	-0.36%	8.89%
Price/SqFt	$93	$59	$57	-3.39%	-38.71%
DOM*	94	117	90	-23.08%	-4.26%
Total Transactions	33	59	55	-6.78%	66.67%

Previous Market Conditions

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