West Valley Market Conditions, October 2009

by Phoenix Homes Team

Nov
2

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

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$161,268	$109,666	$107,007	-2.42%	-33.65%
Sale Price	$157,487	$111,880	$108,636	-2.9%	-31.02%
% of Asking Price	97.66%	102.02%	101.52%	-0.49%	3.95%
Price/SqFt	$78	$57	$59	3.51%	-24.36%
DOM*	91	74	65	-12.16%	-28.57%
Total Transactions	158	219	195	-10.96%	23.42%

Single Family Homes Sales Trends in El Mirage, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$103,922	$78,828	$76,024	-3.56%	-26.85%
Sale Price	$102,798	$82,424	$79,362	-3.72%	-22.8%
% of Asking Price	98.92%	104.56%	104.39%	-0.16%	5.53%
Price/SqFt	$65	$50	$51	2%	-21.54%
DOM*	110	64	56	-12.5%	-49.09%
Total Transactions	83	98	88	-10.2%	6.02%

Single Family Homes Sales Trends in Glendale, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$184,867	$137,026	$129,500	-5.49%	-29.95%
Sale Price	$179,407	$136,211	$128,518	-5.65%	-28.37%
% of Asking Price	97.05%	99.41%	99.24%	-0.17%	2.26%
Price/SqFt	$95	$74	$74	0%	-22.11%
DOM*	99	73	78	6.85%	-21.21%
Total Transactions	268	419	420	0.24%	56.72%

Condos/Townhouses Sales Trends in Glendale, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$75,829	$57,978	$54,362	-6.24%	-28.31%
Sale Price	$89,854	$53,704	$52,283	-2.65%	-41.81%
% of Asking Price	118.5%	92.63%	96.18%	3.83%	-18.84%
Price/SqFt	$76	$46	$47	2.17%	-38.16%
DOM*	143	116	71	-38.79%	-50.35%
Total Transactions	24	35	39	11.43%	62.5%

Single Family Homes Sales Trends in Goodyear, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$205,317	$171,287	$160,851	-6.09%	-21.66%
Sale Price	$196,265	$170,563	$158,585	-7.02%	-19.2%
% of Asking Price	95.59%	99.58%	98.59%	-0.99%	3.14%
Price/SqFt	$91	$76	$72	-5.26%	-20.88%
DOM*	56	80	70	-12.5%	25%
Total Transactions	126	186	185	-0.54%	46.83%

Single Family Homes Sales Trends in Laveen, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$196,571	$131,926	$136,470	3.44%	-30.57%
Sale Price	$211,657	$133,421	$138,922	4.12%	-34.36%
% of Asking Price	107.67%	101.13%	101.8%	0.66%	-5.45%
Price/SqFt	$89	$61	$62	1.64%	-30.34%
DOM*	88	87	96	10.34%	9.09%
Total Transactions	65	125	129	3.2%	98.46%

Single Family Homes Sales Trends in Litchfield Park, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$244,899	$234,645	$194,462	-17.13%	-20.59%
Sale Price	$237,628	$221,842	$193,329	-12.85%	-18.64%
% of Asking Price	97.03%	94.54%	99.42%	5.16%	2.46%
Price/SqFt	$92	$79	$79	0%	-14.13%
DOM*	108	115	86	-25.22%	-20.37%
Total Transactions	48	74	74	0%	54.17%

Single Family Homes Sales Trends in Peoria, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$251,288	$185,375	$175,835	-5.15%	-30.03%
Sale Price	$239,955	$183,060	$173,398	-5.28%	-27.74%
% of Asking Price	95.49%	98.75%	98.61%	-0.14%	3.27%
Price/SqFt	$112	$85	$86	1.18%	-23.21%
DOM*	107	87	82	-5.75%	-23.36%
Total Transactions	179	279	279	0%	55.87%

Condos/Townhouses Sales Trends in Peoria, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$164,924	$98,822	$80,196	-18.85%	-51.37%
Sale Price	$142,979	$96,041	$78,914	-17.83%	-44.81%
% of Asking Price	86.69%	97.19%	98.4%	1.24%	13.51%
Price/SqFt	$111	$75	$66	-12%	-40.54%
DOM*	151	155	74	-52.26%	-50.99%
Total Transactions	8	17	13	-23.53%	62.5%

Single Family Homes Sales Trends in Sun City, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$170,265	$146,089	$134,245	-8.11%	-21.16%
Sale Price	$161,922	$137,551	$128,225	-6.78%	-20.81%
% of Asking Price	95.1%	94.16%	95.52%	1.44%	0.44%
Price/SqFt	$94	$74	$73	-1.35%	-22.34%
DOM*	141	122	126	3.28%	-10.64%
Total Transactions	65	59	67	13.56%	3.08%

Condos/Townhouses Sales Trends in Sun City, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$108,954	$74,480	$72,452	-2.72%	-33.5%
Sale Price	$96,971	$68,153	$69,861	2.51%	-27.96%
% of Asking Price	89%	91.51%	96.42%	5.37%	8.34%
Price/SqFt	$79	$57	$61	7.02%	-22.78%
DOM*	190	167	160	-4.19%	-15.79%
Total Transactions	11	15	21	40%	90.91%

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

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$234,027	$208,289	$203,594	-2.25%	-13%
Sale Price	$219,229	$196,268	$191,714	-2.32%	-12.55%
% of Asking Price	93.68%	94.23%	94.16%	-0.07%	0.51%
Price/SqFt	$119	$107	$105	-1.87%	-11.76%
DOM*	192	180	175	-2.78%	-8.85%
Total Transactions	37	47	62	31.91%	67.57%

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

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$128,883	$89,750	$122,000	35.93%	-5.34%
Sale Price	$124,633	$87,500	$114,833	31.24%	-7.86%
% of Asking Price	96.7%	97.49%	94.13%	-3.45%	-2.66%
Price/SqFt	$95	$94	$100	6.38%	5.26%
DOM*	22	71	64	-9.86%	190.91%
Total Transactions	3	2	3	50%	0%

Single Family Homes Sales Trends in Surprise, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$186,643	$147,115	$154,779	5.21%	-17.07%
Sale Price	$184,210	$148,440	$156,117	5.17%	-15.25%
% of Asking Price	98.7%	100.9%	100.86%	-0.04%	2.19%
Price/SqFt	$85	$68	$73	7.35%	-14.12%
DOM*	90	71	75	5.63%	-16.67%
Total Transactions	273	331	362	9.37%	32.6%

Condos/Townhouses Sales Trends in Surprise, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$107,800	$111,600	$89,754	-19.58%	-16.74%
Sale Price	$100,333	$115,170	$82,615	-28.27%	-17.66%
% of Asking Price	93.07%	103.2%	92.05%	-10.8%	-1.1%
Price/SqFt	$91	$71	$72	1.41%	-20.88%
DOM*	117	117	125	6.84%	6.84%
Total Transactions	3	3	13	333.33%	333.33%

Single Family Homes Sales Trends in Tolleson, October 2009

	October 2008	September 2009	October 2009	Monthly Change in %	Annual Change in %
Asking Price	$139,436	$99,014	$102,997	4.02%	-26.13%
Sale Price	$141,203	$100,666	$106,994	6.29%	-24.23%
% of Asking Price	101.27%	101.67%	103.88%	2.17%	2.58%
Price/SqFt	$71	$50	$53	6%	-25.35%
DOM*	108	72	70	-2.78%	-35.19%
Total Transactions	72	96	110	14.58%	52.78%

Previous Market Conditions

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