West Valley Market Conditions, June 2009

by Phoenix Homes Team

Jul
6

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

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$201,713	$113,825	$109,206	-4.06%	-45.86%
Sale Price	$174,908	$121,774	$108,370	-11.01%	-38.04%
% of Asking Price	86.71%	106.98%	99.23%	-7.24%	14.44%
Price/SqFt	$91	$62	$57	-8.06%	-37.36%
DOM*	129	115	101	-12.17%	-21.71%
Total Transactions	145	294	269	-8.5%	85.52%

Single Family Homes Sales Trends in El Mirage, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$149,479	$71,989	$77,664	7.88%	-48.04%
Sale Price	$129,526	$71,037	$79,986	12.6%	-38.25%
% of Asking Price	86.65%	98.68%	102.99%	4.37%	18.86%
Price/SqFt	$77	$46	$47	2.17%	-38.96%
DOM*	119	105	93	-11.43%	-21.85%
Total Transactions	64	116	135	16.38%	110.94%

Single Family Homes Sales Trends in Glendale, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$258,584	$117,784	$133,063	12.97%	-48.54%
Sale Price	$227,296	$115,045	$130,945	13.82%	-42.39%
% of Asking Price	87.9%	97.67%	98.41%	0.76%	11.96%
Price/SqFt	$114	$66	$71	7.58%	-37.72%
DOM*	123	117	110	-5.98%	-10.57%
Total Transactions	274	530	483	-8.87%	76.28%

Condos/Townhouses Sales Trends in Glendale, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$160,594	$49,912	$50,239	0.66%	-68.72%
Sale Price	$130,519	$45,185	$46,253	2.36%	-64.56%
% of Asking Price	81.27%	90.53%	92.07%	1.7%	13.29%
Price/SqFt	$95	$36	$39	8.33%	-58.95%
DOM*	169	132	117	-11.36%	-30.77%
Total Transactions	16	41	40	-2.44%	150%

Single Family Homes Sales Trends in Goodyear, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$279,227	$166,000	$167,036	0.62%	-40.18%
Sale Price	$230,603	$161,598	$163,318	1.06%	-29.18%
% of Asking Price	82.59%	97.35%	97.77%	0.43%	18.38%
Price/SqFt	$104	$75	$75	0%	-27.88%
DOM*	139	109	117	7.34%	-15.83%
Total Transactions	139	212	225	6.13%	61.87%

Single Family Homes Sales Trends in Laveen, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$214,771	$135,191	$134,955	-0.17%	-37.16%
Sale Price	$197,097	$132,544	$143,204	8.04%	-27.34%
% of Asking Price	91.77%	98.04%	106.11%	8.23%	15.63%
Price/SqFt	$95	$59	$63	6.78%	-33.68%
DOM*	102	122	96	-21.31%	-5.88%
Total Transactions	68	120	165	37.5%	142.65%

Single Family Homes Sales Trends in Litchfield Park, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$297,060	$205,285	$217,444	5.92%	-26.8%
Sale Price	$259,434	$201,228	$211,706	5.21%	-18.4%
% of Asking Price	87.33%	98.02%	97.36%	-0.67%	11.49%
Price/SqFt	$101	$80	$77	-3.75%	-23.76%
DOM*	146	111	108	-2.7%	-26.03%
Total Transactions	48	77	87	12.99%	81.25%

Single Family Homes Sales Trends in Peoria, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$282,251	$194,307	$184,941	-4.82%	-34.48%
Sale Price	$253,458	$193,530	$181,943	-5.99%	-28.22%
% of Asking Price	89.8%	99.6%	98.38%	-1.22%	9.55%
Price/SqFt	$118	$90	$86	-4.44%	-27.12%
DOM*	120	141	122	-13.48%	1.67%
Total Transactions	192	330	327	-0.91%	70.31%

Condos/Townhouses Sales Trends in Peoria, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$157,180	$105,595	$108,883	3.11%	-30.73%
Sale Price	$127,580	$100,260	$103,281	3.01%	-19.05%
% of Asking Price	81.17%	94.95%	94.85%	-0.11%	16.85%
Price/SqFt	$109	$78	$68	-12.82%	-37.61%
DOM*	169	183	148	-19.13%	-12.43%
Total Transactions	5	10	13	30%	160%

Single Family Homes Sales Trends in Sun City, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$211,087	$158,538	$152,717	-3.67%	-27.65%
Sale Price	$182,212	$171,205	$145,338	-15.11%	-20.24%
% of Asking Price	86.32%	107.99%	95.17%	-11.87%	10.25%
Price/SqFt	$105	$94	$76	-19.15%	-27.62%
DOM*	164	136	177	30.15%	7.93%
Total Transactions	77	93	80	-13.98%	3.9%

Condos/Townhouses Sales Trends in Sun City, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$117,561	$85,192	$83,300	-2.22%	-29.14%
Sale Price	$99,083	$77,956	$75,605	-3.02%	-23.7%
% of Asking Price	84.28%	91.51%	90.76%	-0.82%	7.69%
Price/SqFt	$92	$67	$60	-10.45%	-34.78%
DOM*	179	219	195	-10.96%	8.94%
Total Transactions	18	26	19	-26.92%	5.56%

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

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$252,210	$215,627	$232,532	7.84%	-7.8%
Sale Price	$216,810	$203,847	$218,842	7.36%	0.94%
% of Asking Price	85.96%	94.54%	94.11%	-0.45%	9.48%
Price/SqFt	$120	$112	$113	0.89%	-5.83%
DOM*	154	153	178	16.34%	15.58%
Total Transactions	67	73	72	-1.37%	7.46%

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

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$135,638	$93,167	$95,600	2.61%	-29.52%
Sale Price	$120,938	$84,333	$92,983	10.26%	-23.11%
% of Asking Price	89.16%	90.52%	97.26%	7.45%	9.08%
Price/SqFt	$103	$84	$85	1.19%	-17.48%
DOM*	192	307	159	-48.21%	-17.19%
Total Transactions	8	3	6	100%	-25%

Single Family Homes Sales Trends in Surprise, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$221,300	$153,643	$152,382	-0.82%	-31.14%
Sale Price	$198,753	$156,807	$150,035	-4.32%	-24.51%
% of Asking Price	89.81%	102.06%	98.46%	-3.53%	9.63%
Price/SqFt	$91	$72	$72	0%	-20.88%
DOM*	120	111	109	-1.8%	-9.17%
Total Transactions	290	415	398	-4.1%	37.24%

Condos/Townhouses Sales Trends in Surprise, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$94,267	$120,361	$127,084	5.59%	34.81%
Sale Price	$84,667	$113,492	$117,871	3.86%	39.22%
% of Asking Price	89.82%	94.29%	92.75%	-1.63%	3.26%
Price/SqFt	$119	$86	$90	4.65%	-24.37%
DOM*	99	108	157	45.37%	58.59%
Total Transactions	3	13	8	-38.46%	166.67%

Single Family Homes Sales Trends in Tolleson, June 2009

	June 2008	May 2009	June 2009	Monthly Change in %	Annual Change in %
Asking Price	$181,323	$101,498	$96,525	-4.9%	-46.77%
Sale Price	$160,061	$106,793	$96,247	-9.87%	-39.87%
% of Asking Price	88.27%	105.22%	99.71%	-5.24%	12.96%
Price/SqFt	$78	$55	$51	-7.27%	-34.62%
DOM*	125	117	104	-11.11%	-16.8%
Total Transactions	53	136	157	15.44%	196.23%

Previous Market Conditions

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