West Valley Market Conditions, July 2009

by Phoenix Homes Team

Aug
3

West Valley single family homes, condos and townhouses sales reports for July 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, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$169,915	$109,206	$115,497	5.76%	-32.03%
Sale Price	$166,815	$108,370	$125,976	16.25%	-24.48%
% of Asking Price	98.18%	99.23%	109.07%	9.92%	11.09%
Price/SqFt	$85	$57	$64	12.28%	-24.71%
DOM*	112	101	81	-19.8%	-27.68%
Total Transactions	154	269	246	-8.55%	59.74%

Single Family Homes Sales Trends in El Mirage, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$126,481	$77,664	$69,877	-10.03%	-44.75%
Sale Price	$127,448	$79,986	$72,851	-8.92%	-42.84%
% of Asking Price	100.76%	102.99%	104.26%	1.23%	3.47%
Price/SqFt	$74	$47	$47	0%	-36.49%
DOM*	93	93	77	-17.2%	-17.2%
Total Transactions	61	135	124	-8.15%	103.28%

Single Family Homes Sales Trends in Glendale, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$221,441	$133,063	$135,482	1.82%	-38.82%
Sale Price	$214,160	$130,945	$137,687	5.15%	-35.71%
% of Asking Price	96.71%	98.41%	101.63%	3.27%	5.09%
Price/SqFt	$110	$71	$75	5.63%	-31.82%
DOM*	127	110	99	-10%	-22.05%
Total Transactions	281	483	471	-2.48%	67.62%

Condos/Townhouses Sales Trends in Glendale, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$103,814	$50,239	$47,977	-4.5%	-53.79%
Sale Price	$100,384	$46,253	$47,214	2.08%	-52.97%
% of Asking Price	96.7%	92.07%	98.41%	6.89%	1.77%
Price/SqFt	$86	$39	$38	-2.56%	-55.81%
DOM*	123	117	134	14.53%	8.94%
Total Transactions	10	40	45	12.5%	350%

Single Family Homes Sales Trends in Goodyear, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$236,070	$167,036	$155,547	-6.88%	-34.11%
Sale Price	$229,086	$163,318	$157,466	-3.58%	-31.26%
% of Asking Price	97.04%	97.77%	101.23%	3.54%	4.32%
Price/SqFt	$102	$75	$72	-4%	-29.41%
DOM*	143	117	88	-24.79%	-38.46%
Total Transactions	140	225	206	-8.44%	47.14%

Single Family Homes Sales Trends in Laveen, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$202,957	$134,955	$140,525	4.13%	-30.76%
Sale Price	$199,528	$143,204	$138,834	-3.05%	-30.42%
% of Asking Price	98.31%	106.11%	98.8%	-6.89%	0.5%
Price/SqFt	$89	$63	$63	0%	-29.21%
DOM*	105	96	98	2.08%	-6.67%
Total Transactions	56	165	137	-16.97%	144.64%

Single Family Homes Sales Trends in Litchfield Park, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$267,531	$217,444	$219,293	0.85%	-18.03%
Sale Price	$258,068	$211,706	$253,010	19.51%	-1.96%
% of Asking Price	96.46%	97.36%	115.38%	18.51%	19.61%
Price/SqFt	$100	$77	$92	19.48%	-8%
DOM*	129	108	126	16.67%	-2.33%
Total Transactions	67	87	74	-14.94%	10.45%

Single Family Homes Sales Trends in Peoria, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$252,660	$184,941	$193,814	4.8%	-23.29%
Sale Price	$247,892	$181,943	$190,857	4.9%	-23.01%
% of Asking Price	98.11%	98.38%	98.47%	0.09%	0.37%
Price/SqFt	$113	$86	$90	4.65%	-20.35%
DOM*	123	122	111	-9.02%	-9.76%
Total Transactions	210	327	328	0.31%	56.19%

Condos/Townhouses Sales Trends in Peoria, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$170,933	$108,883	$95,800	-12.02%	-43.95%
Sale Price	$165,673	$103,281	$94,203	-8.79%	-43.14%
% of Asking Price	96.92%	94.85%	98.33%	3.67%	1.45%
Price/SqFt	$113	$68	$69	1.47%	-38.94%
DOM*	221	148	137	-7.43%	-38.01%
Total Transactions	6	13	17	30.77%	183.33%

Single Family Homes Sales Trends in Sun City, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$175,896	$152,717	$145,213	-4.91%	-17.44%
Sale Price	$165,807	$145,338	$139,471	-4.04%	-15.88%
% of Asking Price	94.26%	95.17%	96.05%	0.92%	1.9%
Price/SqFt	$99	$76	$75	-1.32%	-24.24%
DOM*	179	177	155	-12.43%	-13.41%
Total Transactions	73	80	58	-27.5%	-20.55%

Condos/Townhouses Sales Trends in Sun City, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$103,690	$83,300	$84,533	1.48%	-18.47%
Sale Price	$97,165	$75,605	$80,687	6.72%	-16.96%
% of Asking Price	93.71%	90.76%	95.45%	5.17%	1.86%
Price/SqFt	$82	$60	$68	13.33%	-17.07%
DOM*	199	195	163	-16.41%	-18.09%
Total Transactions	20	19	15	-21.05%	-25%

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

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$240,639	$232,532	$204,262	-12.16%	-15.12%
Sale Price	$228,609	$218,842	$191,627	-12.44%	-16.18%
% of Asking Price	95%	94.11%	93.81%	-0.32%	-1.25%
Price/SqFt	$122	$113	$113	0%	-7.38%
DOM*	198	178	155	-12.92%	-21.72%
Total Transactions	43	72	62	-13.89%	44.19%

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

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$131,180	$95,600	$115,233	20.54%	-12.16%
Sale Price	$124,320	$92,983	$111,333	19.73%	-10.45%
% of Asking Price	94.77%	97.26%	96.62%	-0.66%	1.95%
Price/SqFt	$90	$85	$85	0%	-5.56%
DOM*	113	159	239	50.31%	111.5%
Total Transactions	5	6	3	-50%	-40%

Single Family Homes Sales Trends in Surprise, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$201,012	$152,382	$145,571	-4.47%	-27.58%
Sale Price	$196,674	$150,035	$145,077	-3.31%	-26.23%
% of Asking Price	97.84%	98.46%	99.66%	1.22%	1.86%
Price/SqFt	$92	$72	$68	-5.56%	-26.09%
DOM*	129	109	106	-2.75%	-17.83%
Total Transactions	281	398	364	-8.54%	29.54%

Condos/Townhouses Sales Trends in Surprise, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$107,000	$127,084	$104,275	-17.95%	-2.55%
Sale Price	$100,000	$117,871	$98,575	-16.37%	-1.43%
% of Asking Price	93.46%	92.75%	94.53%	1.92%	1.14%
Price/SqFt	$166	$90	$95	5.56%	-42.77%
DOM*	251	157	145	-7.64%	-42.23%
Total Transactions	1	8	8	0%	700%

Single Family Homes Sales Trends in Tolleson, July 2009

	July 2008	June 2009	July 2009	Monthly Change in %	Annual Change in %
Asking Price	$163,620	$96,525	$100,343	3.96%	-38.67%
Sale Price	$162,885	$96,247	$101,749	5.72%	-37.53%
% of Asking Price	99.55%	99.71%	101.4%	1.69%	1.86%
Price/SqFt	$81	$51	$51	0%	-37.04%
DOM*	106	104	87	-16.35%	-17.92%
Total Transactions	85	157	119	-24.2%	40%

Previous Market Conditions

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