West Valley Market Conditions, June 2008

West Valley single family homes, condos and townhouses sales reports for June 2008 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Avondale Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $281,240 $211,648 $201,713
-4.69%
-28.28%
Sales Price $261,769 $186,332 $174,908
-6.13%
-33.18%
% of Asking Price 93.08% 88.04% 86.71%
-1.51%
-6.84%
$/SqFt $137.78 $93.79 $91.14
-2.83%
-33.85%
Days on Market 98 125 129
3.20%
31.63%
Total Transactions 85 132 145
9.85%
70.59%

 

El Mirage Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $216,067 $163,309 $149,479
-8.47%
-30.82%
Sales Price $206,693 $139,083 $129,526
-6.87%
-37.33%
% of Asking Price 95.66% 85.17% 86.65%
1.74%
-9.42%
$/SqFt $134.42 $76.97 $76.61
-0.47%
-43.01%
Days on Market 79 97 119
22.68%
50.63%
Total Transactions 43 49 64
30.61%
48.84%

 

Glendale Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $315,522 $248,377 $258,584
4.11%
-18.05%
Sales Price $294,025 $219,937 $227,296
3.35%
-22.70%
% of Asking Price 93.19% 88.55% 87.90%
-0.73%
-5.67%
$/SqFt $156.49 $114.05 $113.88
-0.15%
-27.23%
Days on Market 92 125 123
-1.60%
33.70%
Total Transactions 223 257 274
6.61%
22.87%

 

Glendale Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $158,760 $150,450 $160,594
6.74%
1.16%
Sales Price $152,766 $117,917 $130,519
10.69%
-14.56%
% of Asking Price 96.22% 78.38% 81.27%
3.70%
-15.54%
$/SqFt $130.37 $86.44 $94.78
9.65%
-27.30%
Days on Market 77 210 169
-19.52%
119.48%
Total Transactions 35 6 16
166.67%
-54.29%

 

Goodyear Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $348,805 $284,255 $279,227
-1.77%
-19.95%
Sales Price $310,721 $239,683 $230,603
-3.79%
-25.78%
% of Asking Price 89.08% 84.32% 82.59%
-2.06%
-7.29%
$/SqFt $139.46 $108.77 $104.20
-4.20%
-25.28%
Days on Market 128 135 139
2.96%
8.59%
Total Transactions 103 136 139
2.21%
34.95%

 

Laveen Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $321,767 $283,270 $214,771
-24.18%
-33.25%
Sales Price $290,091 $196,379 $197,097
0.37%
-32.06%
% of Asking Price 90.16% 69.33% 91.77%
32.38%
1.79%
$/SqFt $124.35 $92.71 $94.88
2.34%
-23.70%
Days on Market 114 136 102
-25.00%
-10.53%
Total Transactions 55 42 68
61.90%
23.64%

 

Litchfield Park Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $501,624 $315,511 $297,060
-5.85%
-40.78%
Sales Price $365,915 $271,646 $259,434
-4.50%
-29.10%
% of Asking Price 72.95% 86.10% 87.33%
1.44%
19.72%
$/SqFt $154.93 $108.05 $100.92
-6.60%
-34.86%
Days on Market 137 143 146
2.10%
6.57%
Total Transactions 35 44 48
9.09%
37.14%

 

Peoria Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $352,995 $318,100 $282,251
-11.27%
-20.04%
Sales Price $327,647 $277,866 $253,458
-8.78%
-22.64%
% of Asking Price 92.82% 87.35% 89.80%
2.80%
-3.25%
$/SqFt $166.94 $123.14 $117.83
-4.31%
-29.42%
Days on Market 101 135 120
-11.11%
18.81%
Total Transactions 185 223 192
-13.90%
3.78%

 

Peoria Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $210,000 $177,749 $157,180
-11.57%
-25.15%
Sales Price $197,594 $158,227 $127,580
-19.37%
-35.43%
% of Asking Price 94.09% 89.02% 81.17%
-8.82%
-13.74%
$/SqFt $158.13 $127.77 $109.19
-14.54%
-30.95%
Days on Market 94 149 169
13.42%
79.79%
Total Transactions 16 11 5
-54.55%
-68.75%

 

Sun City Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $221,848 $206,481 $211,087
2.23%
-4.85%
Sales Price $199,951 $179,929 $182,212
1.27%
-8.87%
% of Asking Price 90.13% 87.14% 86.32%
-0.94%
-4.23%
$/SqFt $117.14 $98.70 $104.56
5.94%
-10.74%
Days on Market 124 154 164
6.49%
32.26%
Total Transactions 83 84 77
-8.33%
-7.23%

 

Sun City and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $129,162 $118,717 $117,561
-0.97%
-8.98%
Sales Price $119,304 $101,300 $99,083
-2.19%
-16.95%
% of Asking Price 92.37% 85.33% 84.28%
-1.23%
-8.75%
$/SqFt $98.81 $83.15 $91.68
10.26%
-7.22%
Days on Market 90 117 179
52.99%
98.89%
Total Transactions 25 23 18
-21.74%
-28.00%

 

Sun City West Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $266,698 $257,686 $252,210
-2.13%
-5.43%
Sales Price $240,273 $233,484 $216,810
-7.14%
-9.77%
% of Asking Price 90.09% 90.61% 85.96%
-5.13%
-4.58%
$/SqFt $139.83 $130.32 $120.47
-7.56%
-13.85%
Days on Market 153 133 154
15.79%
0.65%
Total Transactions 59 77 67
-12.99%
13.56%

 

Sun City West and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $82,400 $126,829 $135,638
6.95%
64.61%
Sales Price $143,500 $111,143 $120,938
8.81%
-15.72%
% of Asking Price 174.15% 87.63% 89.16%
1.75%
-48.80%
$/SqFt $135.76 $96.57 $103.04
6.70%
-24.10%
Days on Market 134 145 192
32.41%
43.28%
Total Transactions 2 7 8
14.29%
300.00%

 

Surprise Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $305,074 $253,970 $221,300
-12.86%
-27.46%
Sales Price $269,336 $221,176 $198,163
-10.40%
-26.43%
% of Asking Price 88.65% 87.09% 89.55%
2.82%
1.01%
$/SqFt $130.72 $103.23 $90.62
-12.22%
-30.68%
Days on Market 98 126 120
-4.76%
22.45%
Total Transactions 245 261 290
11.11%
18.37%

 

Surprise and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $89,900 $192,333 $94,267
-50.99%
4.86%
Sales Price $82,449 $134,633 $84,667
-37.11%
2.69%
% of Asking Price 91.71% 70.00% 89.82%
28.31%
-2.07%
$/SqFt $126.71 $103.96 $118.64
14.12%
-6.37%
Days on Market 84 64 99
54.69%
17.86%
Total Transactions 3 3 3
0.00%
0.00%

 

Tolleson Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $271,280 $197,225 $181,323
-8.06%
-33.16%
Sales Price $247,679 $179,663 $160,061
-10.91%
-35.38%
% of Asking Price 91.30% 91.10% 88.27%
-3.10%
-3.31%
$/SqFt $117.07 $83.47 $78.38
-6.10%
-33.05%
Days on Market 89 124 125
0.81%
40.45%
Total Transactions 26 64 53
-17.19%
103.85%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 7-07-2008.