West Valley Market Report - March 2008

by Phoenix Homes Team
Apr
7

West Valley single family homes, condos and townhouses sales reports for March 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 Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $280,953 $237,275 $222,807
-6.10%
-20.70%
Sales Price $264,796 $200,903 $194,040
-3.42%
-26.72%
% of Asking Price 94.25% 84.67% 87.09%
2.86%
-7.60%
$/SqFt $143.29 $100.57 $95.68
-4.87%
-33.23%
Days on Market 99 145 107
-25.96%
8.23%
Total Transactions 98 86 70
-18.60%
-28.57%

 

El Mirage Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $218,199 $172,756 $162,316
-6.04%
-25.61%
Sales Price $211,510 $150,987 $145,793
-3.44%
-31.07%
% of Asking Price 96.93% 87.40% 89.82%
2.77%
-7.34%
$/SqFt $141.60 $94.45 $93.80
-0.69%
-33.76%
Days on Market 95 129 101
-22.01%
6.07%
Total Transactions 34 38 41
7.89%
20.59%

 

Glendale Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $330,762 $269,733 $269,930
0.07%
-18.39%
Sales Price $302,165 $237,243 $238,124
0.37%
-21.19%
% of Asking Price 91.35% 87.95% 88.22%
0.30%
-3.43%
$/SqFt $160.41 $127.58 $123.19
-3.44%
-23.20%
Days on Market 110 119 130
9.06%
18.29%
Total Transactions 258 137 161
17.52%
-37.60%

 

Glendale Condos and Townhouses Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $180,645 $148,775 $141,080
-5.17%
-21.90%
Sales Price $136,401 $135,788 $120,850
-11.00%
-11.40%
% of Asking Price 75.51% 91.27% 85.66%
-6.15%
13.45%
$/SqFt $121.04 $116.11 $101.07
-12.95%
-16.50%
Days on Market 71 105 64
-38.69%
-9.65%
Total Transactions 35 8 10
25.00%
-71.43%

 

Goodyear Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $341,669 $294,156 $304,440
3.50%
-10.90%
Sales Price $313,448 $256,844 $262,063
2.03%
-16.39%
% of Asking Price 91.74% 87.32% 86.08%
-1.41%
-6.17%
$/SqFt $151.35 $116.95 $121.76
4.12%
-19.55%
Days on Market 133 141 127
-9.41%
-4.38%
Total Transactions 103 78 93
19.23%
-9.71%

 

Laveen Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $342,847 $402,456 $259,483
-35.53%
-24.32%
Sales Price $317,431 $230,690 $239,283
3.72%
-24.62%
% of Asking Price 92.59% 57.32% 92.22%
60.88%
-0.40%
$/SqFt $138.97 $90.87 $98.02
7.87%
-29.46%
Days on Market 75 90 90
0.23%
19.46%
Total Transactions 43 18 32
77.78%
-25.58%

 

Litchfield Park Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $433,250 $320,789 $352,455
9.87%
-18.65%
Sales Price $387,183 $283,195 $316,477
11.75%
-18.26%
% of Asking Price 89.37% 88.28% 89.79%
1.71%
0.48%
$/SqFt $153.74 $109.14 $110.97
1.68%
-27.82%
Days on Market 118 194 138
-28.69%
17.02%
Total Transactions 50 26 27 3.85% -46.00%

 

 

Peoria Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $350,478 $319,293 $297,461
-6.84%
-15.13%
Sales Price $328,329 $278,109 $263,029
-5.42%
-19.89%
% of Asking Price 93.68% 87.10% 88.42%
1.52%
-5.61%
$/SqFt $166.10 $134.92 $133.78
-0.85%
-19.46%
Days on Market 102 154 130
-15.64%
26.98%
Total Transactions 207 119 143
20.17%
-30.92%

 

Peoria Condos and Townhouses Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $197,932 $273,594 $209,713
-23.35%
5.95%
Sales Price $186,748 $233,286 $196,863
-15.61%
5.42%
% of Asking Price 94.35% 85.27% 93.87%
10.09%
-0.51%
$/SqFt $153.67 $186.35 $158.19
-15.11%
2.94%
Days on Market 109 153 108
-29.87%
-1.38%
Total Transactions 21 7 8
14.29%
-61.90%

 

Sun City Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $226,412 $194,906 $198,701
1.95%
-12.24%
Sales Price $202,282 $174,572 $178,667
2.35%
-11.67%
% of Asking Price 89.34% 89.57% 89.92%
0.39%
0.64%
$/SqFt $120.49 $104.86 $106.29
1.36%
-11.78%
Days on Market 114 98 106
8.18%
-6.77%
Total Transactions 113 76 75
-1.32%
-33.63%

 

Sun City and Townhouses Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $129,486 $121,500 $121,460
-0.03%
-6.20%
Sales Price $120,992 $106,126 $105,933
-0.18%
-12.45%
% of Asking Price 93.44% 87.35% 87.22%
-0.15%
-6.66%
$/SqFt $108.55 $91.60 $91.56
-0.05%
-15.66%
Days on Market 84 128 160
25.00%
90.76%
Total Transactions 35 27 24
-11.11%
-31.43%

 

Sun City West Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $285,685 $264,263 $258,060
-2.35%
-9.67%
Sales Price $258,987 $238,937 $227,196
-4.91%
-12.28%
% of Asking Price 90.65% 90.42% 88.04%
-2.63%
-2.88%
$/SqFt $146.24 $130.93 $130.35
-0.44%
-10.87%
Days on Market 153 133 128
-3.87%
-16.14%
Total Transactions 83 51 75
47.06%
-9.64%

 

Sun City West and Townhouses Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $160,000 $273,863 $145,315
-46.94%
-9.18%
Sales Price $149,625 $118,188 $130,415
10.35%
-12.84%
% of Asking Price 93.52% 43.16% 89.75%
107.96%
-4.03%
$/SqFt $112.69 $95.69 $104.46
9.17%
-7.30%
Days on Market 172 130 129
-1.01%
-24.96%
Total Transactions 4 8 13
62.50%
225.00%

 

Surprise Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $303,078 $276,205 $248,817
-9.92%
-17.90%
Sales Price $284,962 $248,627 $221,236
-11.02%
-22.36%
% of Asking Price 94.02% 90.02% 88.92%
-1.22%
-5.43%
$/SqFt $146.15 $118.32 $109.06
-7.82%
-25.38%
Days on Market 120 144 134
-7.17%
11.37%
Total Transactions 225 151 243
60.93%
8.00%

 

Surprise and Townhouses Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $151,303 $109,720 $148,567
35.41%
-1.81%
Sales Price $136,270 $106,180 $130,144
22.57%
-4.50%
% of Asking Price 90.06% 96.77% 87.60%
-9.48%
-2.74%
$/SqFt $144.89 $105.53 $151.62
43.68%
4.65%
Days on Market 179 75 132
76.59%
-25.87%
Total Transactions 12 5 9
80.00%
-25.00%

 

Tolleson Single Family Homes Sales Report

Average Mar 2007 Feb 2008 Mar 2008 Monthly Change in % Annual Change in %
Asking Price $255,058 $210,774 $201,309
-4.49%
-21.07%
Sales Price $240,835 $188,724 $185,981
-1.45%
-22.78%
% of Asking Price 94.42% 89.54% 92.39%
3.18%
-2.16%
$/SqFt $128.74 $93.28 $92.62
-0.70%
-28.06%
Days on Market 102 94 101
7.75%
-0.83%
Total Transactions 26 33 51
54.55%
96.15%

 

Categories:
2

numbers

On April 8th, 2008 by Mr. House
Why do these reports not show consistent information from last months information?

We came up with a different

On April 9th, 2008 by admin
We came up with a different system how to create more reports and faster as well, therefore I had to re-download the raw numbers form the ARMLS. Looks like some agents are behind on putting their data in, so this created a slight difference in numbers (for the first months). We haven't realized that we need to wait at least a week at the beginning of each month to let agents get caught up on their previous month closings.