West Valley Market Conditions, March 2009

by Phoenix Homes Team

Apr
1

West Valley single family homes, condos and townhouses sales reports for March 2009 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Single Family Homes Sales in Avondale - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$222,807	$114,513	$117,222	2.37%	-47.39%
Sale Price	$194,040	$111,668	$112,850	1.06%	-41.84%
% of Asking Price	87.09%	97.52%	96.27%	-1.28%	10.54%
Price/SqFt	$96	$59	$58	-1.69%	-39.58%
DOM*	107	101	115	13.86%	7.48%
Total Transactions	70	147	193	31.29%	175.71%

Single Family Homes Sales in El Mirage - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$162,316	$82,292	$75,128	-8.71%	-53.71%
Sale Price	$145,793	$79,209	$73,282	-7.48%	-49.74%
% of Asking Price	89.82%	96.25%	97.54%	1.34%	8.59%
Price/SqFt	$94	$50	$47	-6%	-50%
DOM*	101	119	125	5.04%	23.76%
Total Transactions	41	95	117	23.16%	185.37%

Single Family Homes Sales in Glendale - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$269,930	$149,851	$129,314	-13.7%	-52.09%
Sale Price	$238,124	$142,537	$125,068	-12.26%	-47.48%
% of Asking Price	88.22%	95.12%	96.72%	1.68%	9.64%
Price/SqFt	$123	$75	$70	-6.67%	-43.09%
DOM*	130	136	122	-10.29%	-6.15%
Total Transactions	161	256	352	37.5%	118.63%

Condos/Townhouses Sales in Glendale - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$141,080	$58,940	$44,915	-23.79%	-68.16%
Sale Price	$120,850	$78,808	$40,501	-48.61%	-66.49%
% of Asking Price	85.66%	133.71%	90.17%	-32.56%	5.27%
Price/SqFt	$101	$68	$33	-51.47%	-67.33%
DOM*	64	96	140	45.83%	118.75%
Total Transactions	10	24	24	0%	140%

Single Family Homes Sales in Goodyear - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$304,440	$179,127	$175,549	-2%	-42.34%
Sale Price	$262,063	$173,918	$168,985	-2.84%	-35.52%
% of Asking Price	86.08%	97.09%	96.26%	-0.85%	11.83%
Price/SqFt	$122	$78	$76	-2.56%	-37.7%
DOM*	127	112	119	6.25%	-6.3%
Total Transactions	93	107	176	64.49%	89.25%

Condos/Townhouses Sales in Goodyear - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$165,413	$128,175	$112,488	-12.24%	-32%
Sale Price	$137,329	$119,500	$102,667	-14.09%	-25.24%
% of Asking Price	83.02%	93.23%	91.27%	-2.1%	9.94%
Price/SqFt	$115	$171	$79	-53.8%	-31.3%
DOM*	116	35	134	282.86%	15.52%
Total Transactions	2	2	3	50%	50%

Single Family Homes Sales in Laveen - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$259,483	$173,555	$149,725	-13.73%	-42.3%
Sale Price	$239,283	$170,507	$145,256	-14.81%	-39.3%
% of Asking Price	92.22%	98.24%	97.02%	-1.24%	5.2%
Price/SqFt	$98	$67	$64	-4.48%	-34.69%
DOM*	90	104	106	1.92%	17.78%
Total Transactions	32	73	112	53.42%	250%

Single Family Homes Sales in Litchfield Park - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$352,455	$232,118	$232,361	0.1%	-34.07%
Sale Price	$316,477	$221,839	$220,017	-0.82%	-30.48%
% of Asking Price	89.79%	95.57%	94.69%	-0.92%	5.46%
Price/SqFt	$111	$79	$81	2.53%	-27.03%
DOM*	138	132	163	23.48%	18.12%
Total Transactions	27	41	60	46.34%	122.22%

Single Family Homes Sales in Peoria - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$297,461	$191,570	$210,638	9.95%	-29.19%
Sale Price	$263,029	$184,083	$201,055	9.22%	-23.56%
% of Asking Price	88.42%	96.09%	95.45%	-0.67%	7.95%
Price/SqFt	$134	$87	$89	2.3%	-33.58%
DOM*	130	137	124	-9.49%	-4.62%
Total Transactions	143	177	248	40.11%	73.43%

Condos/Townhouses Sales in Peoria - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$209,713	$101,600	$164,213	61.63%	-21.7%
Sale Price	$196,863	$98,283	$164,656	67.53%	-16.36%
% of Asking Price	93.87%	96.74%	100.27%	3.65%	6.82%
Price/SqFt	$158	$74	$107	44.59%	-32.28%
DOM*	108	204	238	16.67%	120.37%
Total Transactions	8	3	8	166.67%	0%

Single Family Homes Sales in Sun City - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$198,701	$148,269	$147,895	-0.25%	-25.57%
Sale Price	$178,667	$138,877	$137,467	-1.02%	-23.06%
% of Asking Price	89.92%	93.67%	92.95%	-0.77%	3.37%
Price/SqFt	$106	$87	$80	-8.05%	-24.53%
DOM*	106	137	150	9.49%	41.51%
Total Transactions	75	69	79	14.49%	5.33%

Condos/Townhouses Sales in Sun City - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$121,460	$88,613	$90,410	2.03%	-25.56%
Sale Price	$105,933	$81,166	$83,378	2.73%	-21.29%
% of Asking Price	87.22%	91.6%	92.22%	0.68%	5.73%
Price/SqFt	$92	$69	$63	-8.7%	-31.52%
DOM*	160	184	238	29.35%	48.75%
Total Transactions	24	16	20	25%	-16.67%

Single Family Homes Sales in Sun City West - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$258,060	$221,609	$216,116	-2.48%	-16.25%
Sale Price	$227,196	$208,101	$204,271	-1.84%	-10.09%
% of Asking Price	88.04%	93.9%	94.52%	0.66%	7.36%
Price/SqFt	$130	$115	$116	0.87%	-10.77%
DOM*	128	138	183	32.61%	42.97%
Total Transactions	75	37	79	113.51%	5.33%

Condos/Townhouses Sales in Sun City West - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$145,315	$119,000	$113,475	-4.64%	-21.91%
Sale Price	$130,415	$116,000	$100,250	-13.58%	-23.13%
% of Asking Price	89.75%	97.48%	88.35%	-9.37%	-1.56%
Price/SqFt	$104	$83	$72	-13.25%	-30.77%
DOM*	129	21	113	438.1%	-12.4%
Total Transactions	13	1	4	300%	-69.23%

Single Family Homes Sales in Surprise - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$248,817	$165,287	$162,454	-1.71%	-34.71%
Sale Price	$221,236	$160,543	$157,854	-1.67%	-28.65%
% of Asking Price	88.92%	97.13%	97.17%	0.04%	9.28%
Price/SqFt	$109	$75	$72	-4%	-33.94%
DOM*	134	117	112	-4.27%	-16.42%
Total Transactions	243	271	343	26.57%	41.15%

Condos/Townhouses Sales in Surprise - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$148,567	$115,317	$122,982	6.65%	-17.22%
Sale Price	$130,144	$105,833	$111,498	5.35%	-14.33%
% of Asking Price	87.6%	91.78%	90.66%	-1.22%	3.49%
Price/SqFt	$152	$112	$107	-4.46%	-29.61%
DOM*	132	186	275	47.85%	108.33%
Total Transactions	9	6	6	0%	-33.33%

Single Family Homes Sales in Tolleson - March, 2009

	March, 2008	February, 2009	March, 2009	Monthly Change in %	Annual Change in %
Asking Price	$201,309	$115,074	$103,955	-9.66%	-48.36%
Sale Price	$185,981	$112,198	$101,111	-9.88%	-45.63%
% of Asking Price	92.39%	97.5%	97.26%	-0.25%	5.27%
Price/SqFt	$93	$57	$51	-10.53%	-45.16%
DOM*	101	90	122	35.56%	20.79%
Total Transactions	51	55	98	78.18%	92.16%

Previous Market Conditions

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