West Valley Market Conditions, May 2009

by Phoenix Homes Team

Jun
1

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

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$211,648	$120,420	$113,825	-5.48%	-46.22%
Sale Price	$186,332	$117,135	$121,774	3.96%	-34.65%
% of Asking Price	88.04%	97.27%	106.98%	9.98%	21.51%
Price/SqFt	$94	$58	$62	6.9%	-34.04%
DOM*	125	110	115	4.55%	-8%
Total Transactions	132	229	294	28.38%	122.73%

Single Family Homes Sales Trends in El Mirage, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$163,309	$70,880	$71,989	1.56%	-55.92%
Sale Price	$139,083	$73,936	$71,037	-3.92%	-48.93%
% of Asking Price	85.17%	104.31%	98.68%	-5.4%	15.86%
Price/SqFt	$77	$47	$46	-2.13%	-40.26%
DOM*	97	113	105	-7.08%	8.25%
Total Transactions	49	141	116	-17.73%	136.73%

Single Family Homes Sales Trends in Glendale, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$248,377	$123,677	$117,784	-4.77%	-52.58%
Sale Price	$219,937	$118,727	$115,045	-3.1%	-47.69%
% of Asking Price	88.55%	96%	97.67%	1.74%	10.3%
Price/SqFt	$114	$67	$66	-1.49%	-42.11%
DOM*	125	115	117	1.74%	-6.4%
Total Transactions	257	460	530	15.22%	106.23%

Condos/Townhouses Sales Trends in Glendale, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$150,450	$38,638	$49,912	29.18%	-66.83%
Sale Price	$117,917	$35,115	$45,185	28.68%	-61.68%
% of Asking Price	78.38%	90.88%	90.53%	-0.39%	15.5%
Price/SqFt	$86	$33	$36	9.09%	-58.14%
DOM*	210	86	132	53.49%	-37.14%
Total Transactions	6	27	41	51.85%	583.33%

Single Family Homes Sales Trends in Goodyear, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$284,255	$160,501	$166,000	3.43%	-41.6%
Sale Price	$239,683	$153,449	$161,598	5.31%	-32.58%
% of Asking Price	84.32%	95.61%	97.35%	1.82%	15.45%
Price/SqFt	$109	$69	$75	8.7%	-31.19%
DOM*	135	119	109	-8.4%	-19.26%
Total Transactions	136	186	212	13.98%	55.88%

Single Family Homes Sales Trends in Laveen, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$283,270	$134,319	$135,191	0.65%	-52.27%
Sale Price	$196,379	$132,107	$132,544	0.33%	-32.51%
% of Asking Price	69.33%	98.35%	98.04%	-0.32%	41.41%
Price/SqFt	$93	$58	$59	1.72%	-36.56%
DOM*	136	104	122	17.31%	-10.29%
Total Transactions	42	116	120	3.45%	185.71%

Single Family Homes Sales Trends in Litchfield Park, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$315,511	$202,262	$205,285	1.49%	-34.94%
Sale Price	$271,646	$196,368	$201,228	2.47%	-25.92%
% of Asking Price	86.1%	97.09%	98.02%	0.96%	13.84%
Price/SqFt	$108	$74	$80	8.11%	-25.93%
DOM*	143	145	111	-23.45%	-22.38%
Total Transactions	44	72	77	6.94%	75%

Single Family Homes Sales Trends in Peoria, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$318,100	$189,336	$194,307	2.63%	-38.92%
Sale Price	$277,866	$183,773	$193,530	5.31%	-30.35%
% of Asking Price	87.35%	97.06%	99.6%	2.62%	14.02%
Price/SqFt	$123	$87	$90	3.45%	-26.83%
DOM*	135	105	141	34.29%	4.44%
Total Transactions	223	264	330	25%	47.98%

Condos/Townhouses Sales Trends in Peoria, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$177,749	$128,875	$105,595	-18.06%	-40.59%
Sale Price	$158,227	$121,000	$100,260	-17.14%	-36.64%
% of Asking Price	89.02%	93.89%	94.95%	1.13%	6.66%
Price/SqFt	$128	$102	$78	-23.53%	-39.06%
DOM*	149	103	183	77.67%	22.82%
Total Transactions	11	4	10	150%	-9.09%

Single Family Homes Sales Trends in Sun City, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$206,481	$146,664	$158,538	8.1%	-23.22%
Sale Price	$179,929	$138,348	$171,205	23.75%	-4.85%
% of Asking Price	87.14%	94.33%	107.99%	14.48%	23.93%
Price/SqFt	$99	$81	$94	16.05%	-5.05%
DOM*	154	177	136	-23.16%	-11.69%
Total Transactions	84	91	93	2.2%	10.71%

Condos/Townhouses Sales Trends in Sun City, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$118,717	$85,021	$85,192	0.2%	-28.24%
Sale Price	$101,300	$78,471	$77,956	-0.66%	-23.04%
% of Asking Price	85.33%	92.3%	91.51%	-0.86%	7.24%
Price/SqFt	$83	$65	$67	3.08%	-19.28%
DOM*	117	132	219	65.91%	87.18%
Total Transactions	23	24	26	8.33%	13.04%

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

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$257,686	$211,020	$215,627	2.18%	-16.32%
Sale Price	$233,484	$197,185	$203,847	3.38%	-12.69%
% of Asking Price	90.61%	93.44%	94.54%	1.18%	4.34%
Price/SqFt	$130	$111	$112	0.9%	-13.85%
DOM*	133	162	153	-5.56%	15.04%
Total Transactions	77	78	73	-6.41%	-5.19%

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

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$126,829	$107,917	$93,167	-13.67%	-26.54%
Sale Price	$111,143	$100,358	$84,333	-15.97%	-24.12%
% of Asking Price	87.63%	93%	90.52%	-2.67%	3.3%
Price/SqFt	$97	$92	$84	-8.7%	-13.4%
DOM*	145	118	307	160.17%	111.72%
Total Transactions	7	12	3	-75%	-57.14%

Single Family Homes Sales Trends in Surprise, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$253,970	$151,108	$153,643	1.68%	-39.5%
Sale Price	$221,176	$147,406	$156,807	6.38%	-29.1%
% of Asking Price	87.09%	97.55%	102.06%	4.62%	17.19%
Price/SqFt	$103	$68	$72	5.88%	-30.1%
DOM*	126	101	111	9.9%	-11.9%
Total Transactions	261	381	415	8.92%	59%

Condos/Townhouses Sales Trends in Surprise, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$192,333	$123,267	$120,361	-2.36%	-37.42%
Sale Price	$134,633	$111,000	$113,492	2.25%	-15.7%
% of Asking Price	70%	90.05%	94.29%	4.71%	34.7%
Price/SqFt	$104	$118	$86	-27.12%	-17.31%
DOM*	64	145	108	-25.52%	68.75%
Total Transactions	3	3	13	333.33%	333.33%

Single Family Homes Sales Trends in Tolleson, May 2009

	May 2008	April 2009	May 2009	Monthly Change in %	Annual Change in %
Asking Price	$197,225	$92,869	$101,498	9.29%	-48.54%
Sale Price	$179,663	$93,517	$106,793	14.2%	-40.56%
% of Asking Price	91.1%	100.7%	105.22%	4.49%	15.5%
Price/SqFt	$83	$48	$55	14.58%	-33.73%
DOM*	124	113	117	3.54%	-5.65%
Total Transactions	64	112	136	21.43%	112.5%

Previous Market Conditions

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