West Valley Market Conditions, January 2010

by Phoenix Homes Team

Feb
1

West Valley single family homes, condos and townhouses sales reports for January 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, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$124,177	$114,280	$106,074	-7.18%	-14.58%
Sale Price	$119,773	$114,862	$107,178	-6.69%	-10.52%
% of Asking Price	96.45%	100.51%	101.04%	0.53%	4.76%
Price/SqFt	$65	$60	$58	-3.33%	-10.77%
DOM*	92	70	67	-4.29%	-27.17%
Total Transactions	126	182	131	-28.02%	3.97%

Single Family Homes Sales Trends in El Mirage, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$86,314	$78,248	$78,131	-0.15%	-9.48%
Sale Price	$93,355	$80,032	$79,131	-1.13%	-15.24%
% of Asking Price	108.16%	102.28%	101.28%	-0.98%	-6.36%
Price/SqFt	$59	$52	$52	0%	-11.86%
DOM*	103	52	61	17.31%	-40.78%
Total Transactions	77	73	86	17.81%	11.69%

Single Family Homes Sales Trends in Glendale, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$145,292	$129,738	$129,253	-0.37%	-11.04%
Sale Price	$141,444	$128,705	$126,958	-1.36%	-10.24%
% of Asking Price	97.35%	99.2%	98.22%	-0.99%	0.89%
Price/SqFt	$76	$72	$71	-1.39%	-6.58%
DOM*	98	66	64	-3.03%	-34.69%
Total Transactions	252	341	262	-23.17%	3.97%

Condos/Townhouses Sales Trends in Glendale, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$63,819	$57,821	$47,009	-18.7%	-26.34%
Sale Price	$58,843	$55,401	$45,389	-18.07%	-22.86%
% of Asking Price	92.2%	95.82%	96.56%	0.77%	4.73%
Price/SqFt	$54	$46	$42	-8.7%	-22.22%
DOM*	130	57	86	50.88%	-33.85%
Total Transactions	23	33	29	-12.12%	26.09%

Single Family Homes Sales Trends in Goodyear, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$178,653	$163,784	$169,805	3.68%	-4.95%
Sale Price	$171,757	$162,478	$166,762	2.64%	-2.91%
% of Asking Price	96.14%	99.2%	98.21%	-1%	2.15%
Price/SqFt	$77	$76	$76	0%	-1.3%
DOM*	93	85	86	1.18%	-7.53%
Total Transactions	124	187	138	-26.2%	11.29%

Single Family Homes Sales Trends in Laveen, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$158,238	$135,948	$132,527	-2.52%	-16.25%
Sale Price	$177,325	$136,242	$132,981	-2.39%	-25.01%
% of Asking Price	112.06%	100.22%	100.34%	0.12%	-10.46%
Price/SqFt	$77	$62	$59	-4.84%	-23.38%
DOM*	100	68	74	8.82%	-26%
Total Transactions	62	123	93	-24.39%	50%

Single Family Homes Sales Trends in Litchfield Park, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$213,081	$229,059	$268,870	17.38%	26.18%
Sale Price	$203,029	$217,410	$246,586	13.42%	21.45%
% of Asking Price	95.28%	94.91%	91.71%	-3.37%	-3.75%
Price/SqFt	$77	$79	$85	7.59%	10.39%
DOM*	171	112	88	-21.43%	-48.54%
Total Transactions	49	62	43	-30.65%	-12.24%

Single Family Homes Sales Trends in Peoria, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$240,196	$194,427	$182,358	-6.21%	-24.08%
Sale Price	$228,074	$190,477	$178,881	-6.09%	-21.57%
% of Asking Price	94.95%	97.97%	98.09%	0.12%	3.31%
Price/SqFt	$98	$89	$87	-2.25%	-11.22%
DOM*	130	99	84	-15.15%	-35.38%
Total Transactions	141	258	204	-20.93%	44.68%

Condos/Townhouses Sales Trends in Peoria, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$161,720	$83,582	$112,760	34.91%	-30.27%
Sale Price	$151,500	$78,745	$104,938	33.26%	-30.73%
% of Asking Price	93.68%	94.21%	93.06%	-1.22%	-0.66%
Price/SqFt	$103	$66	$79	19.7%	-23.3%
DOM*	113	108	104	-3.7%	-7.96%
Total Transactions	5	19	12	-36.84%	140%

Single Family Homes Sales Trends in Sun City, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$153,116	$139,185	$133,311	-4.22%	-12.93%
Sale Price	$141,138	$131,580	$126,146	-4.13%	-10.62%
% of Asking Price	92.18%	94.54%	94.63%	0.1%	2.66%
Price/SqFt	$80	$76	$77	1.32%	-3.75%
DOM*	138	90	115	27.78%	-16.67%
Total Transactions	32	80	61	-23.75%	90.63%

Condos/Townhouses Sales Trends in Sun City, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$99,090	$81,256	$83,650	2.95%	-15.58%
Sale Price	$90,480	$74,750	$76,652	2.54%	-15.28%
% of Asking Price	91.31%	91.99%	91.63%	-0.39%	0.35%
Price/SqFt	$72	$61	$57	-6.56%	-20.83%
DOM*	235	256	136	-46.88%	-42.13%
Total Transactions	10	16	16	0%	60%

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

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$262,267	$204,599	$219,501	7.28%	-16.31%
Sale Price	$237,000	$192,596	$206,465	7.2%	-12.88%
% of Asking Price	90.37%	94.13%	94.06%	-0.07%	4.08%
Price/SqFt	$118	$111	$110	-0.9%	-6.78%
DOM*	129	156	128	-17.95%	-0.78%
Total Transactions	33	65	63	-3.08%	90.91%

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

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$124,267	$102,550	$95,350	-7.02%	-23.27%
Sale Price	$120,633	$96,958	$88,500	-8.72%	-26.64%
% of Asking Price	97.08%	94.55%	92.82%	-1.83%	-4.39%
Price/SqFt	$95	$85	$78	-8.24%	-17.89%
DOM*	56	183	106	-42.08%	89.29%
Total Transactions	3	6	4	-33.33%	33.33%

Single Family Homes Sales Trends in Surprise, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$162,080	$156,612	$148,963	-4.88%	-8.09%
Sale Price	$158,222	$154,044	$147,011	-4.57%	-7.09%
% of Asking Price	97.62%	98.36%	98.69%	0.34%	1.1%
Price/SqFt	$72	$74	$69	-6.76%	-4.17%
DOM*	105	80	79	-1.25%	-24.76%
Total Transactions	202	340	259	-23.82%	28.22%

Condos/Townhouses Sales Trends in Surprise, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$114,500	$95,044	$115,900	21.94%	1.22%
Sale Price	$112,000	$87,500	$113,000	29.14%	0.89%
% of Asking Price	97.82%	92.06%	97.5%	5.91%	-0.33%
Price/SqFt	$72	$88	$89	1.14%	23.61%
DOM*	75	99	420	324.24%	460%
Total Transactions	2	9	5	-44.44%	150%

Single Family Homes Sales Trends in Tolleson, January 2010

	January 2009	December 2009	January 2010	Monthly Change in %	Annual Change in %
Asking Price	$114,160	$104,185	$100,737	-3.31%	-11.76%
Sale Price	$111,704	$105,571	$102,580	-2.83%	-8.17%
% of Asking Price	97.85%	101.33%	101.83%	0.49%	4.07%
Price/SqFt	$59	$53	$52	-1.89%	-11.86%
DOM*	117	63	77	22.22%	-34.19%
Total Transactions	59	110	86	-21.82%	45.76%

Previous Market Conditions

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