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West Valley Market Conditions, July 2008

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

Avondale Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$252,488
$201,713
$169,992
-15.73%
-32.67%
Sale Price
$244,165
$174,908
$166,808
-4.63%
-31.68%
% of Asking Price
$96.7%
$86.71%
$98.13%
13.17%
1.48%
Price/SqFt
$127
$91
$85
-6.59%
-33.07%
DOM*
115
129
111
-13.95%
-3.48%
Total Transactions
74
145
154
6.21%
108.11%

El Mirage Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$194,037
$149,479
$126,481
-15.39%
-34.82%
Sale Price
$192,894
$129,526
$127,448
-1.6%
-33.93%
% of Asking Price
$99.41%
$86.65%
$100.76%
16.28%
1.36%
Price/SqFt
$125
$77
$74
-3.9%
-40.8%
DOM*
112
119
93
-21.85%
-16.96%
Total Transactions
32
64
61
-4.69%
90.63%

Glendale Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$284,274
$258,584
$220,834
-14.6%
-22.32%
Sale Price
$275,762
$227,296
$213,637
-6.01%
-22.53%
% of Asking Price
$97.01%
$87.9%
$96.74%
10.06%
-0.28%
Price/SqFt
$150
$114
$109
-4.39%
-27.33%
DOM*
117
123
127
3.25%
8.55%
Total Transactions
219
274
285
4.01%
30.14%

Glendale Condos and Townhouses Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$148,261
$160,594
$103,814
-35.36%
-29.98%
Sale Price
$146,454
$130,519
$100,384
-23.09%
-31.46%
% of Asking Price
$98.78%
$81.27%
$96.7%
18.99%
-2.11%
Price/SqFt
$134
$95
$86
-9.47%
-35.82%
DOM*
102
169
123
-27.22%
20.59%
Total Transactions
26
16
10
-37.5%
-61.54%

Goodyear Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$309,784
$279,227
$235,262
-15.75%
-24.06%
Sale Price
$294,022
$230,603
$228,491
-0.92%
-22.29%
% of Asking Price
$94.91%
$82.59%
$97.12%
17.59%
2.33%
Price/SqFt
$138
$104
$102
-1.92%
-26.09%
DOM*
118
139
142
2.16%
20.34%
Total Transactions
90
139
142
2.16%
57.78%

Laveen Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$320,611
$214,771
$204,229
-4.91%
-36.3%
Sale Price
$313,303
$197,097
$201,229
2.1%
-35.77%
% of Asking Price
$97.72%
$91.77%
$98.53%
7.37%
0.83%
Price/SqFt
$134
$95
$89
-6.32%
-33.58%
DOM*
104
102
102
0%
-1.92%
Total Transactions
46
68
59
-13.24%
28.26%

Litchfield Park Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$388,456
$297,060
$266,171
-10.4%
-31.48%
Sale Price
$375,134
$259,434
$256,847
-1%
-31.53%
% of Asking Price
$96.57%
$87.33%
$96.5%
10.5%
-0.07%
Price/SqFt
$153
$101
$100
-0.99%
-34.64%
DOM*
111
146
129
-11.64%
16.22%
Total Transactions
32
48
68
41.67%
112.5%

Peoria Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$327,552
$282,251
$251,972
-10.73%
-23.07%
Sale Price
$314,892
$253,458
$247,225
-2.46%
-21.49%
% of Asking Price
$96.13%
$89.8%
$98.12%
9.27%
2.07%
Price/SqFt
$151
$118
$113
-4.24%
-25.17%
DOM*
120
120
124
3.33%
3.33%
Total Transactions
155
192
212
10.42%
36.77%

Peoria Condos and Townhouses Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$183,758
$157,180
$170,933
8.75%
-6.98%
Sale Price
$177,046
$127,580
$165,673
29.86%
-6.42%
% of Asking Price
$96.35%
$81.17%
$96.92%
19.4%
0.59%
Price/SqFt
$181
$109
$113
3.67%
-37.57%
DOM*
113
169
221
30.77%
95.58%
Total Transactions
12
5
6
20%
-50%

Sun City Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$230,585
$211,087
$175,896
-16.67%
-23.72%
Sale Price
$222,327
$182,212
$165,807
-9%
-25.42%
% of Asking Price
$96.42%
$86.32%
$94.26%
9.2%
-2.24%
Price/SqFt
$125
$105
$99
-5.71%
-20.8%
DOM*
120
164
179
9.15%
49.17%
Total Transactions
52
77
73
-5.19%
40.38%

Sun City and Townhouses Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$134,392
$117,561
$103,690
-11.8%
-22.84%
Sale Price
$126,767
$99,083
$97,165
-1.94%
-23.35%
% of Asking Price
$94.33%
$84.28%
$93.71%
11.19%
-0.66%
Price/SqFt
$100
$92
$82
-10.87%
-18%
DOM*
149
179
199
11.17%
33.56%
Total Transactions
24
18
20
11.11%
-16.67%

Sun City West Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$261,920
$252,210
$238,350
-5.5%
-9%
Sale Price
$248,893
$216,810
$225,913
4.2%
-9.23%
% of Asking Price
$95.03%
$85.96%
$94.78%
10.26%
-0.26%
Price/SqFt
$136
$120
$121
0.83%
-11.03%
DOM*
166
154
195
26.62%
17.47%
Total Transactions
44
67
44
-34.33%
0%

Sun City West and Townhouses Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$138,943
$135,638
$131,180
-3.29%
-5.59%
Sale Price
$134,457
$120,938
$124,320
2.8%
-7.54%
% of Asking Price
$96.77%
$89.16%
$94.77%
6.29%
-2.07%
Price/SqFt
$115
$103
$90
-12.62%
-21.74%
DOM*
217
192
113
-41.15%
-47.93%
Total Transactions
7
8
5
-37.5%
-28.57%

Surprise Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$275,875
$221,300
$200,859
-9.24%
-27.19%
Sale Price
$268,021
$198,163
$196,619
-0.78%
-26.64%
% of Asking Price
$97.15%
$89.55%
$97.89%
9.31%
0.76%
Price/SqFt
$129
$91
$91
0%
-29.46%
DOM*
109
120
129
7.5%
18.35%
Total Transactions
170
290
284
-2.07%
67.06%

Surprise and Townhouses Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$130,399
$94,267
$107,000
13.51%
-17.94%
Sale Price
$125,178
$84,667
$100,000
18.11%
-20.11%
% of Asking Price
$96%
$89.82%
$93.46%
4.05%
-2.65%
Price/SqFt
$135
$119
$166
39.5%
22.96%
DOM*
211
99
251
153.54%
18.96%
Total Transactions
9
3
1
-66.67%
-88.89%

Tolleson Single Family Homes Sales Report

July, 2007 June, 2008 July, 2008 Monthly Change in % Annual Change in %
Asking Price
$236,472
$181,323
$163,004
-10.1%
-31.07%
Sale Price
$232,086
$160,061
$162,410
1.47%
-30.02%
% of Asking Price
$98.15%
$88.27%
$99.64%
12.88%
1.52%
Price/SqFt
$114
$78
$80
2.56%
-29.82%
DOM*
69
125
106
-15.2%
53.62%
Total Transactions
19
53
88
66.04%
363.16%