West Valley Market Report - May 2008

West Valley single family homes, condos and townhouses sales reports for May 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 May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $272,238 $215,390 $211,648
-1.74%
-22.26%
Sales Price $252,788 $188,169 $186,332
-0.98%
-26.29%
% of Asking Price 92.86% 87.36% 88.04%
0.77%
-5.19%
$/SqFt $139.53 $95.96 $93.79
-2.26%
-32.78%
Days on Market 98 129 125
-3.10%
27.55%
Total Transactions 100 105 132
25.71%
32.00%

 

El Mirage Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $210,630 $170,780 $163,309
-4.37%
-22.47%
Sales Price $202,364 $148,659 $139,083
-6.44%
-31.27%
% of Asking Price 96.08% 87.05% 85.17%
-2.16%
-11.36%
$/SqFt $133.51 $84.19 $76.97
-8.58%
-42.35%
Days on Market 69 116 97
-16.38%
40.58%
Total Transactions 36 37 49
32.43%
36.11%

 

Glendale Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $308,059 $260,528 $248,377
-4.66%
-19.37%
Sales Price $291,403 $227,690 $219,937
-3.41%
-24.52%
% of Asking Price 94.59% 87.40% 88.55%
1.32%
-6.39%
$/SqFt $159.20 $123.13 $114.05
-7.37%
-28.36%
Days on Market 96 135 125
-7.41%
30.21%
Total Transactions 257 198 257
29.80%
0.00%

 

Glendale Condos and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $150,023 $139,040 $150,450
8.21%
0.28%
Sales Price $145,664 $130,850 $117,917
-9.88%
-19.05%
% of Asking Price 97.09% 94.11% 78.38%
-16.72%
-19.28%
$/SqFt $131.79 $113.06 $86.44
-23.55%
-34.41%
Days on Market 73 98 210
114.29%
187.67%
Total Transactions 32 10 6
-40.00%
-81.25%

 

Goodyear Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $334,410 $302,283 $284,255
-5.96%
-15.00%
Sales Price $314,647 $259,114 $239,683
-7.50%
-23.82%
% of Asking Price 94.09% 85.72% 84.32%
-1.63%
-10.38%
$/SqFt $152.39 $117.80 $108.77
-7.67%
-28.62%
Days on Market 120 135 135
0.00%
12.50%
Total Transactions 91 118 136
15.25%
49.45%

 

Goodyear Condos and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $205,000 $163,823 $163,105
-0.44%
-20.44%
Sales Price $185,000 $137,462 $126,764
-7.78%
-31.48%
% of Asking Price 90.24% 83.91% 77.72%
-7.38%
-13.88%
$/SqFt $155.07 $121.39 $113.59
-6.43%
-26.75%
Days on Market 227 116 129
11.21%
-43.17%
Total Transactions 1 5 3
-40.00%
200.00%

 

 

Laveen Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $318,709 $261,359 $283,270
8.38%
-11.12%
Sales Price $291,339 $238,296 $196,379
-17.59%
-32.59%
% of Asking Price 91.41% 91.18% 69.33%
-23.96%
-24.16%
$/SqFt $130.41 $104.31 $92.71
-11.12%
-28.91%
Days on Market 124 115 136
18.26%
9.68%
Total Transactions 52 29 42
44.83%
-19.23%

 

Litchfield Park Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $399,725 $338,386 $315,511
-6.76%
-21.07%
Sales Price $352,316 $287,510 $271,646
-5.52%
-22.90%
% of Asking Price 88.14% 84.97% 86.10%
1.33%
-2.32%
$/SqFt $182.05 $117.58 $108.05
-8.11%
-40.65%
Days on Market 141 175 143
-18.29%
1.42%
Total Transactions 26 43 44
2.33%
69.23%

 

Peoria Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $341,542 $292,732 $318,100
8.67%
-6.86%
Sales Price $317,894 $254,824 $277,866
9.04%
-12.59%
% of Asking Price 93.08% 87.05% 87.35%
0.35%
-6.15%
$/SqFt $159.82 $118.85 $123.14
3.61%
-22.95%
Days on Market 107 141 135
-4.26%
26.17%
Total Transactions 204 147 223
51.70%
9.31%

 

Peoria Condos and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $196,126 $180,950 $177,749
-1.77%
-9.37%
Sales Price $185,121 $160,050 $158,227
-1.14%
-14.53%
% of Asking Price 94.39% 88.45% 89.02%
0.64%
-5.69%
$/SqFt $154.32 $125.74 $127.77
1.61%
-17.20%
Days on Market 72 141 149
5.67%
106.94%
Total Transactions 19 6 11
83.33%
-42.11%

 

Sun City Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $225,451 $208,650 $206,481
-1.04%
-8.41%
Sales Price $205,489 $182,763 $179,929
-1.55%
-12.44%
% of Asking Price 91.15% 87.59% 87.14%
-0.52%
-4.39%
$/SqFt $119.64 $111.03 $98.70
-11.11%
-17.50%
Days on Market 115 118 154
30.51%
33.91%
Total Transactions 90 73 84
15.07%
-6.67%

 

Sun City and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $137,402 $136,865 $118,717
-13.26%
-13.60%
Sales Price $123,338 $115,397 $101,300
-12.22%
-17.87%
% of Asking Price 89.76% 84.31% 85.33%
1.20%
-4.94%
$/SqFt $104.90 $93.96 $83.15
-11.50%
-20.73%
Days on Market 113 188 117
-37.77%
3.54%
Total Transactions 27 17 23
35.29%
-14.81%

 

Sun City West Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $300,972 $258,789 $257,686
-0.43%
-14.38%
Sales Price $275,819 $227,121 $233,484
2.80%
-15.35%
% of Asking Price 91.64% 87.76% 90.61%
3.24%
-1.13%
$/SqFt $149.94 $129.88 $130.32
0.34%
-13.09%
Days on Market 116 159 133
-16.35%
14.66%
Total Transactions 88 83 77
-7.23%
-12.50%

 

Sun City West and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $151,281 $123,710 $126,829
2.52%
-16.16%
Sales Price $138,000 $110,500 $111,143
0.58%
-19.46%
% of Asking Price 91.22% 89.32% 87.63%
-1.89%
-3.93%
$/SqFt $112.65 $94.48 $96.57
2.21%
-14.27%
Days on Market 109 49 145
195.92%
33.03%
Total Transactions 8 10 7
-30.00%
-12.50%

 

Surprise Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $302,727 $257,169 $253,970
-1.24%
-16.11%
Sales Price $279,318 $227,260 $221,176
-2.68%
-20.82%
% of Asking Price 92.27% 88.37% 87.09%
-1.45%
-5.61%
$/SqFt $137.54 $103.15 $103.23
0.08%
-24.95%
Days on Market 122 143 126
-11.89%
3.28%
Total Transactions 217 259 261
0.77%
20.28%

 

Surprise and Townhouses Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $119,082 $209,283 $192,333
-8.10%
61.51%
Sales Price $109,627 $186,517 $134,633
-27.82%
22.81%
% of Asking Price 92.06% 89.12% 70.00%
-21.46%
-23.96%
$/SqFt $147.91 $179.52 $103.96
-42.09%
-29.71%
Days on Market 142 167 64
-61.68%
-54.93%
Total Transactions 11 6 3
-50.00%
-72.73%

 

Tolleson Single Family Homes Sales Report

Average May 2007 Apr 2008 May 2008
Monthly Change in %
Annual Change in %
Asking Price $258,176 $213,163 $197,225
-7.48%
-23.61%
Sales Price $245,434 $190,059 $179,663
-5.47%
-26.80%
% of Asking Price 95.06% 89.16% 91.10%
2.17%
-4.18%
$/SqFt $119.04 $88.47 $83.47
-5.65%
-29.88%
Days on Market 89 122 124
1.64%
39.33%
Total Transactions 31 47 64
36.17%
106.45%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.