West Valley Market Conditions, June 2010

by Phoenix Homes Team

Jul
8

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

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$109,206	$112,199	$114,445	2%	4.8%
Sale Price	$108,370	$111,093	$112,623	1.38%	3.92%
% of Asking Price	99.23%	99.01%	98.41%	-0.61%	-0.83%
Price/SqFt	$57	$59	$58	-1.69%	1.75%
DOM*	101	75	73	-2.67%	-27.72%
Total Transactions	269	182	171	-6.04%	-36.43%

Single Family Homes Sales Trends in El Mirage, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$77,664	$80,631	$77,984	-3.28%	0.41%
Sale Price	$79,986	$81,687	$78,755	-3.59%	-1.54%
% of Asking Price	102.99%	101.31%	100.99%	-0.32%	-1.94%
Price/SqFt	$47	$51	$49	-3.92%	4.26%
DOM*	93	66	67	1.52%	-27.96%
Total Transactions	135	105	108	2.86%	-20%

Single Family Homes Sales Trends in Glendale, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$133,063	$134,192	$135,995	1.34%	2.2%
Sale Price	$130,945	$132,374	$134,477	1.59%	2.7%
% of Asking Price	98.41%	98.64%	98.88%	0.24%	0.48%
Price/SqFt	$71	$72	$72	0%	1.41%
DOM*	110	74	85	14.86%	-22.73%
Total Transactions	483	466	463	-0.64%	-4.14%

Condos/Townhouses Sales Trends in Glendale, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$50,239	$55,505	$53,962	-2.78%	7.41%
Sale Price	$46,253	$56,496	$52,661	-6.79%	13.86%
% of Asking Price	92.07%	101.79%	97.59%	-4.13%	6%
Price/SqFt	$39	$47	$43	-8.51%	10.26%
DOM*	117	57	83	45.61%	-29.06%
Total Transactions	40	46	60	30.43%	50%

Single Family Homes Sales Trends in Goodyear, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$167,036	$173,994	$168,817	-2.98%	1.07%
Sale Price	$163,318	$173,351	$165,109	-4.75%	1.1%
% of Asking Price	97.77%	99.63%	97.8%	-1.84%	0.03%
Price/SqFt	$75	$79	$75	-5.06%	0%
DOM*	117	82	90	9.76%	-23.08%
Total Transactions	225	201	207	2.99%	-8%

Single Family Homes Sales Trends in Laveen, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$134,955	$137,568	$142,353	3.48%	5.48%
Sale Price	$143,204	$136,860	$140,618	2.75%	-1.81%
% of Asking Price	106.11%	99.49%	98.78%	-0.71%	-6.91%
Price/SqFt	$63	$61	$61	0%	-3.17%
DOM*	96	108	79	-26.85%	-17.71%
Total Transactions	165	164	155	-5.49%	-6.06%

Single Family Homes Sales Trends in Litchfield Park, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$217,444	$194,368	$212,274	9.21%	-2.38%
Sale Price	$211,706	$190,493	$208,062	9.22%	-1.72%
% of Asking Price	97.36%	98.01%	98.02%	0.01%	0.68%
Price/SqFt	$77	$78	$79	1.28%	2.6%
DOM*	108	116	106	-8.62%	-1.85%
Total Transactions	87	73	72	-1.37%	-17.24%

Single Family Homes Sales Trends in Peoria, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$184,941	$184,641	$190,816	3.34%	3.18%
Sale Price	$181,943	$181,664	$185,922	2.34%	2.19%
% of Asking Price	98.38%	98.39%	97.44%	-0.97%	-0.96%
Price/SqFt	$86	$85	$87	2.35%	1.16%
DOM*	122	91	100	9.89%	-18.03%
Total Transactions	327	308	364	18.18%	11.31%

Condos/Townhouses Sales Trends in Peoria, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$108,883	$92,057	$92,952	0.97%	-14.63%
Sale Price	$103,281	$89,439	$88,609	-0.93%	-14.21%
% of Asking Price	94.85%	97.16%	95.33%	-1.88%	0.51%
Price/SqFt	$68	$72	$73	1.39%	7.35%
DOM*	148	106	130	22.64%	-12.16%
Total Transactions	13	23	23	0%	76.92%

Single Family Homes Sales Trends in Sun City, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$152,717	$132,943	$139,801	5.16%	-8.46%
Sale Price	$145,338	$127,217	$134,363	5.62%	-7.55%
% of Asking Price	95.17%	95.69%	96.11%	0.44%	0.99%
Price/SqFt	$76	$74	$72	-2.7%	-5.26%
DOM*	177	89	115	29.21%	-35.03%
Total Transactions	80	115	85	-26.09%	6.25%

Condos/Townhouses Sales Trends in Sun City, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$83,300	$75,060	$72,884	-2.9%	-12.5%
Sale Price	$75,605	$70,262	$66,060	-5.98%	-12.63%
% of Asking Price	90.76%	93.61%	90.64%	-3.17%	-0.13%
Price/SqFt	$60	$62	$60	-3.23%	0%
DOM*	195	145	135	-6.9%	-30.77%
Total Transactions	19	26	25	-3.85%	31.58%

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

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$232,532	$211,396	$201,081	-4.88%	-13.53%
Sale Price	$218,842	$200,372	$187,120	-6.61%	-14.5%
% of Asking Price	94.11%	94.79%	93.06%	-1.83%	-1.12%
Price/SqFt	$113	$106	$98	-7.55%	-13.27%
DOM*	178	122	158	29.51%	-11.24%
Total Transactions	72	100	72	-28%	0%

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

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$95,600	$97,214	$113,933	17.2%	19.18%
Sale Price	$92,983	$91,843	$108,633	18.28%	16.83%
% of Asking Price	97.26%	94.47%	95.35%	0.93%	-1.96%
Price/SqFt	$85	$77	$86	11.69%	1.18%
DOM*	159	103	62	-39.81%	-61.01%
Total Transactions	6	7	3	-57.14%	-50%

Single Family Homes Sales Trends in Surprise, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$152,382	$149,942	$150,380	0.29%	-1.31%
Sale Price	$150,035	$147,635	$148,620	0.67%	-0.94%
% of Asking Price	98.46%	98.46%	98.83%	0.38%	0.38%
Price/SqFt	$72	$72	$71	-1.39%	-1.39%
DOM*	109	95	85	-10.53%	-22.02%
Total Transactions	398	390	404	3.59%	1.51%

Condos/Townhouses Sales Trends in Surprise, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$127,084	$89,445	$86,114	-3.72%	-32.24%
Sale Price	$117,871	$84,771	$83,571	-1.42%	-29.1%
% of Asking Price	92.75%	94.78%	97.05%	2.4%	4.64%
Price/SqFt	$90	$79	$79	0%	-12.22%
DOM*	157	133	137	3.01%	-12.74%
Total Transactions	8	14	7	-50%	-12.5%

Single Family Homes Sales Trends in Tolleson, June 2010

	June 2009	May 2010	June 2010	Monthly Change in %	Annual Change in %
Asking Price	$96,525	$101,901	$102,871	0.95%	6.57%
Sale Price	$96,247	$103,152	$102,853	-0.29%	6.86%
% of Asking Price	99.71%	101.23%	99.98%	-1.23%	0.27%
Price/SqFt	$51	$52	$54	3.85%	5.88%
DOM*	104	77	67	-12.99%	-35.58%
Total Transactions	157	113	107	-5.31%	-31.85%

Previous Market Conditions

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