West Valley Market Conditions, February 2010

by Phoenix Homes Team

Mar
3

West Valley single family homes, condos and townhouses sales reports for February 2010 including:Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West,Surprise, Tolleson.

Single Family Homes Sales Trends in Avondale, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$114,513	$106,074	$111,994	5.58%	-2.2%
Sale Price	$111,668	$107,178	$111,473	4.01%	-0.17%
% of Asking Price	97.52%	101.04%	99.54%	-1.48%	2.07%
Price/SqFt	$59	$58	$57	-1.72%	-3.39%
DOM*	101	67	69	2.99%	-31.68%
Total Transactions	147	131	154	17.56%	4.76%

Single Family Homes Sales Trends in El Mirage, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$82,292	$78,131	$76,071	-2.64%	-7.56%
Sale Price	$79,209	$79,131	$76,142	-3.78%	-3.87%
% of Asking Price	96.25%	101.28%	100.09%	-1.17%	3.99%
Price/SqFt	$50	$52	$48	-7.69%	-4%
DOM*	119	61	70	14.75%	-41.18%
Total Transactions	95	86	65	-24.42%	-31.58%

Single Family Homes Sales Trends in Glendale, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$149,851	$129,253	$133,216	3.07%	-11.1%
Sale Price	$142,537	$126,958	$134,306	5.79%	-5.77%
% of Asking Price	95.12%	98.22%	100.82%	2.65%	5.99%
Price/SqFt	$75	$71	$74	4.23%	-1.33%
DOM*	136	64	82	28.13%	-39.71%
Total Transactions	256	262	304	16.03%	18.75%

Condos/Townhouses Sales Trends in Glendale, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$58,940	$47,009	$52,112	10.86%	-11.58%
Sale Price	$78,808	$45,389	$50,000	10.16%	-36.55%
% of Asking Price	133.71%	96.56%	95.95%	-0.63%	-28.24%
Price/SqFt	$68	$42	$43	2.38%	-36.76%
DOM*	96	86	52	-39.53%	-45.83%
Total Transactions	24	29	30	3.45%	25%

Single Family Homes Sales Trends in Goodyear, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$179,127	$169,805	$175,634	3.43%	-1.95%
Sale Price	$173,918	$166,762	$171,808	3.03%	-1.21%
% of Asking Price	97.09%	98.21%	97.82%	-0.4%	0.75%
Price/SqFt	$78	$76	$77	1.32%	-1.28%
DOM*	112	86	106	23.26%	-5.36%
Total Transactions	107	138	145	5.07%	35.51%

Single Family Homes Sales Trends in Laveen, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$173,555	$132,527	$136,653	3.11%	-21.26%
Sale Price	$170,507	$132,981	$135,090	1.59%	-20.77%
% of Asking Price	98.24%	100.34%	98.86%	-1.47%	0.63%
Price/SqFt	$67	$59	$59	0%	-11.94%
DOM*	104	74	91	22.97%	-12.5%
Total Transactions	73	93	111	19.35%	52.05%

Single Family Homes Sales Trends in Litchfield Park, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$232,118	$268,870	$182,943	-31.96%	-21.19%
Sale Price	$221,839	$246,586	$178,483	-27.62%	-19.54%
% of Asking Price	95.57%	91.71%	97.56%	6.38%	2.08%
Price/SqFt	$79	$85	$72	-15.29%	-8.86%
DOM*	132	88	96	9.09%	-27.27%
Total Transactions	41	43	37	-13.95%	-9.76%

Single Family Homes Sales Trends in Peoria, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$191,570	$182,358	$186,107	2.06%	-2.85%
Sale Price	$184,083	$178,881	$181,575	1.51%	-1.36%
% of Asking Price	96.09%	98.09%	97.56%	-0.54%	1.53%
Price/SqFt	$87	$87	$88	1.15%	1.15%
DOM*	137	84	88	4.76%	-35.77%
Total Transactions	177	204	226	10.78%	27.68%

Condos/Townhouses Sales Trends in Peoria, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$101,600	$112,760	$98,933	-12.26%	-2.62%
Sale Price	$98,283	$104,938	$94,593	-9.86%	-3.75%
% of Asking Price	96.74%	93.06%	95.61%	2.74%	-1.17%
Price/SqFt	$74	$79	$76	-3.8%	2.7%
DOM*	204	104	133	27.88%	-34.8%
Total Transactions	3	12	15	25%	400%

Single Family Homes Sales Trends in Sun City, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$148,269	$133,311	$130,411	-2.18%	-12.04%
Sale Price	$138,877	$126,146	$124,637	-1.2%	-10.25%
% of Asking Price	93.67%	94.63%	95.57%	0.99%	2.03%
Price/SqFt	$87	$77	$77	0%	-11.49%
DOM*	137	115	110	-4.35%	-19.71%
Total Transactions	69	61	90	47.54%	30.43%

Condos/Townhouses Sales Trends in Sun City, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$88,613	$83,650	$79,724	-4.69%	-10.03%
Sale Price	$81,166	$76,652	$72,643	-5.23%	-10.5%
% of Asking Price	91.6%	91.63%	91.12%	-0.56%	-0.52%
Price/SqFt	$69	$57	$65	14.04%	-5.8%
DOM*	184	136	170	25%	-7.61%
Total Transactions	16	16	17	6.25%	6.25%

Single Family Homes Sales Trends in Sun City West, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$221,609	$219,501	$201,200	-8.34%	-9.21%
Sale Price	$208,101	$206,465	$189,884	-8.03%	-8.75%
% of Asking Price	93.9%	94.06%	94.38%	0.34%	0.51%
Price/SqFt	$115	$110	$111	0.91%	-3.48%
DOM*	138	128	109	-14.84%	-21.01%
Total Transactions	37	63	70	11.11%	89.19%

Condos/Townhouses Sales Trends in Sun City West, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$119,000	$95,350	$91,650	-3.88%	-22.98%
Sale Price	$116,000	$88,500	$85,402	-3.5%	-26.38%
% of Asking Price	97.48%	92.82%	93.18%	0.39%	-4.41%
Price/SqFt	$83	$78	$83	6.41%	0%
DOM*	21	106	16	-84.91%	-23.81%
Total Transactions	1	4	5	25%	400%

Single Family Homes Sales Trends in Surprise, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$165,287	$148,963	$162,487	9.08%	-1.69%
Sale Price	$160,543	$147,011	$158,621	7.9%	-1.2%
% of Asking Price	97.13%	98.69%	97.62%	-1.08%	0.5%
Price/SqFt	$75	$69	$77	11.59%	2.67%
DOM*	117	79	90	13.92%	-23.08%
Total Transactions	271	259	341	31.66%	25.83%

Condos/Townhouses Sales Trends in Surprise, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$115,317	$115,900	$117,667	1.52%	2.04%
Sale Price	$105,833	$113,000	$106,833	-5.46%	0.94%
% of Asking Price	91.78%	97.5%	90.79%	-6.88%	-1.08%
Price/SqFt	$112	$89	$90	1.12%	-19.64%
DOM*	186	420	95	-77.38%	-48.92%
Total Transactions	6	5	3	-40%	-50%

Single Family Homes Sales Trends in Tolleson, February 2010

	February 2009	January 2010	February 2010	Monthly Change in %	Annual Change in %
Asking Price	$115,074	$100,737	$99,713	-1.02%	-13.35%
Sale Price	$112,198	$102,580	$101,230	-1.32%	-9.78%
% of Asking Price	97.5%	101.83%	101.52%	-0.3%	4.12%
Price/SqFt	$57	$52	$52	0%	-8.77%
DOM*	90	77	75	-2.6%	-16.67%
Total Transactions	55	86	76	-11.63%	38.18%

Previous Market Conditions

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