West Valley Market Conditions, September 2009

by Phoenix Homes Team

Oct
5

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

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$160,586	$117,083	$109,666	-6.33%	-31.71%
Sale Price	$164,562	$117,879	$111,880	-5.09%	-32.01%
% of Asking Price	102.48%	100.68%	102.02%	1.33%	-0.45%
Price/SqFt	$85	$59	$57	-3.39%	-32.94%
DOM*	103	80	74	-7.5%	-28.16%
Total Transactions	209	208	219	5.29%	4.78%

Single Family Homes Sales Trends in El Mirage, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$116,365	$76,111	$78,828	3.57%	-32.26%
Sale Price	$117,748	$78,677	$82,424	4.76%	-30%
% of Asking Price	101.19%	103.37%	104.56%	1.15%	3.33%
Price/SqFt	$70	$47	$50	6.38%	-28.57%
DOM*	83	74	64	-13.51%	-22.89%
Total Transactions	87	106	98	-7.55%	12.64%

Single Family Homes Sales Trends in Glendale, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$177,813	$139,250	$137,026	-1.6%	-22.94%
Sale Price	$175,271	$139,130	$136,211	-2.1%	-22.29%
% of Asking Price	98.57%	99.91%	99.41%	-0.5%	0.85%
Price/SqFt	$97	$74	$74	0%	-23.71%
DOM*	106	79	73	-7.59%	-31.13%
Total Transactions	348	422	419	-0.71%	20.4%

Condos/Townhouses Sales Trends in Glendale, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$101,889	$46,814	$57,978	23.85%	-43.1%
Sale Price	$98,171	$45,634	$53,704	17.68%	-45.3%
% of Asking Price	96.35%	97.48%	92.63%	-4.98%	-3.86%
Price/SqFt	$81	$40	$46	15%	-43.21%
DOM*	91	118	116	-1.69%	27.47%
Total Transactions	18	28	35	25%	94.44%

Single Family Homes Sales Trends in Goodyear, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$212,013	$166,587	$171,287	2.82%	-19.21%
Sale Price	$206,374	$164,057	$170,563	3.97%	-17.35%
% of Asking Price	97.34%	98.48%	99.58%	1.12%	2.3%
Price/SqFt	$90	$74	$76	2.7%	-15.56%
DOM*	113	91	80	-12.09%	-29.2%
Total Transactions	148	188	186	-1.06%	25.68%

Single Family Homes Sales Trends in Laveen, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$183,635	$139,372	$131,926	-5.34%	-28.16%
Sale Price	$182,627	$139,181	$133,421	-4.14%	-26.94%
% of Asking Price	99.45%	99.86%	101.13%	1.27%	1.69%
Price/SqFt	$87	$62	$61	-1.61%	-29.89%
DOM*	84	81	87	7.41%	3.57%
Total Transactions	93	121	125	3.31%	34.41%

Single Family Homes Sales Trends in Litchfield Park, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$228,298	$214,038	$234,645	9.63%	2.78%
Sale Price	$226,195	$211,550	$221,842	4.87%	-1.92%
% of Asking Price	99.08%	98.84%	94.54%	-4.35%	-4.58%
Price/SqFt	$95	$76	$79	3.95%	-16.84%
DOM*	98	107	115	7.48%	17.35%
Total Transactions	46	58	74	27.59%	60.87%

Single Family Homes Sales Trends in Peoria, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$235,827	$189,783	$185,375	-2.32%	-21.39%
Sale Price	$231,044	$185,721	$183,060	-1.43%	-20.77%
% of Asking Price	97.97%	97.86%	98.75%	0.91%	0.8%
Price/SqFt	$112	$88	$85	-3.41%	-24.11%
DOM*	103	110	87	-20.91%	-15.53%
Total Transactions	234	304	279	-8.22%	19.23%

Condos/Townhouses Sales Trends in Peoria, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$172,133	$88,051	$98,822	12.23%	-42.59%
Sale Price	$166,650	$82,629	$96,041	16.23%	-42.37%
% of Asking Price	96.81%	93.84%	97.19%	3.57%	0.39%
Price/SqFt	$123	$68	$75	10.29%	-39.02%
DOM*	154	137	155	13.14%	0.65%
Total Transactions	6	14	17	21.43%	183.33%

Single Family Homes Sales Trends in Sun City, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$165,525	$144,528	$146,089	1.08%	-11.74%
Sale Price	$155,441	$140,601	$137,551	-2.17%	-11.51%
% of Asking Price	93.91%	97.28%	94.16%	-3.21%	0.27%
Price/SqFt	$94	$75	$74	-1.33%	-21.28%
DOM*	167	133	122	-8.27%	-26.95%
Total Transactions	56	64	59	-7.81%	5.36%

Condos/Townhouses Sales Trends in Sun City, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$111,747	$84,292	$74,480	-11.64%	-33.35%
Sale Price	$100,153	$78,132	$68,153	-12.77%	-31.95%
% of Asking Price	89.63%	92.69%	91.51%	-1.27%	2.1%
Price/SqFt	$88	$63	$57	-9.52%	-35.23%
DOM*	212	177	167	-5.65%	-21.23%
Total Transactions	15	13	15	15.38%	0%

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

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$238,342	$206,993	$208,289	0.63%	-12.61%
Sale Price	$222,514	$196,765	$196,268	-0.25%	-11.8%
% of Asking Price	93.36%	95.06%	94.23%	-0.87%	0.93%
Price/SqFt	$119	$107	$107	0%	-10.08%
DOM*	173	171	180	5.26%	4.05%
Total Transactions	36	43	47	9.3%	30.56%

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

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$117,133	$89,883	$89,750	-0.15%	-23.38%
Sale Price	$106,083	$85,333	$87,500	2.54%	-17.52%
% of Asking Price	90.57%	94.94%	97.49%	2.69%	7.64%
Price/SqFt	$90	$74	$94	27.03%	4.44%
DOM*	158	145	71	-51.03%	-55.06%
Total Transactions	3	6	2	-66.67%	-33.33%

Single Family Homes Sales Trends in Surprise, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$185,212	$145,489	$147,115	1.12%	-20.57%
Sale Price	$184,081	$145,193	$148,440	2.24%	-19.36%
% of Asking Price	99.39%	99.8%	100.9%	1.1%	1.52%
Price/SqFt	$85	$69	$68	-1.45%	-20%
DOM*	99	97	71	-26.8%	-28.28%
Total Transactions	283	362	331	-8.56%	16.96%

Condos/Townhouses Sales Trends in Surprise, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$97,050	$91,812	$111,600	21.55%	14.99%
Sale Price	$90,667	$84,150	$115,170	36.86%	27.03%
% of Asking Price	93.42%	91.65%	103.2%	12.6%	10.47%
Price/SqFt	$115	$88	$71	-19.32%	-38.26%
DOM*	151	127	117	-7.87%	-22.52%
Total Transactions	6	8	3	-62.5%	-50%

Single Family Homes Sales Trends in Tolleson, September 2009

	September 2008	August 2009	September 2009	Monthly Change in %	Annual Change in %
Asking Price	$153,015	$102,676	$99,014	-3.57%	-35.29%
Sale Price	$166,351	$104,823	$100,666	-3.97%	-39.49%
% of Asking Price	108.72%	102.09%	101.67%	-0.41%	-6.48%
Price/SqFt	$79	$52	$50	-3.85%	-36.71%
DOM*	93	89	72	-19.1%	-22.58%
Total Transactions	110	122	96	-21.31%	-12.73%

Previous Market Conditions

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