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West Valley Market Conditions, March 2009

West Valley single family homes, condos and townhouses sales reports for March 2009 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.

Chart

Single Family Homes Sales in Avondale – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$222,807
$114,513
$117,222
2.37%
-47.39%
Sale Price
$194,040
$111,668
$112,850
1.06%
-41.84%
% of Asking Price
87.09%
97.52%
96.27%
-1.28%
10.54%
Price/SqFt
$96
$59
$58
-1.69%
-39.58%
DOM*
107
101
115
13.86%
7.48%
Total Transactions
70
147
193
31.29%
175.71%

Chart

Single Family Homes Sales in El Mirage – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$162,316
$82,292
$75,128
-8.71%
-53.71%
Sale Price
$145,793
$79,209
$73,282
-7.48%
-49.74%
% of Asking Price
89.82%
96.25%
97.54%
1.34%
8.59%
Price/SqFt
$94
$50
$47
-6%
-50%
DOM*
101
119
125
5.04%
23.76%
Total Transactions
41
95
117
23.16%
185.37%

Chart

Single Family Homes Sales in Glendale – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$269,930
$149,851
$129,314
-13.7%
-52.09%
Sale Price
$238,124
$142,537
$125,068
-12.26%
-47.48%
% of Asking Price
88.22%
95.12%
96.72%
1.68%
9.64%
Price/SqFt
$123
$75
$70
-6.67%
-43.09%
DOM*
130
136
122
-10.29%
-6.15%
Total Transactions
161
256
352
37.5%
118.63%

Chart

Condos/Townhouses Sales in Glendale – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$141,080
$58,940
$44,915
-23.79%
-68.16%
Sale Price
$120,850
$78,808
$40,501
-48.61%
-66.49%
% of Asking Price
85.66%
133.71%
90.17%
-32.56%
5.27%
Price/SqFt
$101
$68
$33
-51.47%
-67.33%
DOM*
64
96
140
45.83%
118.75%
Total Transactions
10
24
24
0%
140%

Chart

Single Family Homes Sales in Goodyear – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$304,440
$179,127
$175,549
-2%
-42.34%
Sale Price
$262,063
$173,918
$168,985
-2.84%
-35.52%
% of Asking Price
86.08%
97.09%
96.26%
-0.85%
11.83%
Price/SqFt
$122
$78
$76
-2.56%
-37.7%
DOM*
127
112
119
6.25%
-6.3%
Total Transactions
93
107
176
64.49%
89.25%

Chart

Condos/Townhouses Sales in Goodyear – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$165,413
$128,175
$112,488
-12.24%
-32%
Sale Price
$137,329
$119,500
$102,667
-14.09%
-25.24%
% of Asking Price
83.02%
93.23%
91.27%
-2.1%
9.94%
Price/SqFt
$115
$171
$79
-53.8%
-31.3%
DOM*
116
35
134
282.86%
15.52%
Total Transactions
2
2
3
50%
50%

Chart

Single Family Homes Sales in Laveen – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$259,483
$173,555
$149,725
-13.73%
-42.3%
Sale Price
$239,283
$170,507
$145,256
-14.81%
-39.3%
% of Asking Price
92.22%
98.24%
97.02%
-1.24%
5.2%
Price/SqFt
$98
$67
$64
-4.48%
-34.69%
DOM*
90
104
106
1.92%
17.78%
Total Transactions
32
73
112
53.42%
250%

Chart

Single Family Homes Sales in Litchfield Park – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$352,455
$232,118
$232,361
0.1%
-34.07%
Sale Price
$316,477
$221,839
$220,017
-0.82%
-30.48%
% of Asking Price
89.79%
95.57%
94.69%
-0.92%
5.46%
Price/SqFt
$111
$79
$81
2.53%
-27.03%
DOM*
138
132
163
23.48%
18.12%
Total Transactions
27
41
60
46.34%
122.22%

Chart

Single Family Homes Sales in Peoria – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$297,461
$191,570
$210,638
9.95%
-29.19%
Sale Price
$263,029
$184,083
$201,055
9.22%
-23.56%
% of Asking Price
88.42%
96.09%
95.45%
-0.67%
7.95%
Price/SqFt
$134
$87
$89
2.3%
-33.58%
DOM*
130
137
124
-9.49%
-4.62%
Total Transactions
143
177
248
40.11%
73.43%

Chart

Condos/Townhouses Sales in Peoria – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$209,713
$101,600
$164,213
61.63%
-21.7%
Sale Price
$196,863
$98,283
$164,656
67.53%
-16.36%
% of Asking Price
93.87%
96.74%
100.27%
3.65%
6.82%
Price/SqFt
$158
$74
$107
44.59%
-32.28%
DOM*
108
204
238
16.67%
120.37%
Total Transactions
8
3
8
166.67%
0%

Chart

Single Family Homes Sales in Sun City – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$198,701
$148,269
$147,895
-0.25%
-25.57%
Sale Price
$178,667
$138,877
$137,467
-1.02%
-23.06%
% of Asking Price
89.92%
93.67%
92.95%
-0.77%
3.37%
Price/SqFt
$106
$87
$80
-8.05%
-24.53%
DOM*
106
137
150
9.49%
41.51%
Total Transactions
75
69
79
14.49%
5.33%

Chart

Condos/Townhouses Sales in Sun City – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$121,460
$88,613
$90,410
2.03%
-25.56%
Sale Price
$105,933
$81,166
$83,378
2.73%
-21.29%
% of Asking Price
87.22%
91.6%
92.22%
0.68%
5.73%
Price/SqFt
$92
$69
$63
-8.7%
-31.52%
DOM*
160
184
238
29.35%
48.75%
Total Transactions
24
16
20
25%
-16.67%

Chart

Single Family Homes Sales in Sun City West – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$258,060
$221,609
$216,116
-2.48%
-16.25%
Sale Price
$227,196
$208,101
$204,271
-1.84%
-10.09%
% of Asking Price
88.04%
93.9%
94.52%
0.66%
7.36%
Price/SqFt
$130
$115
$116
0.87%
-10.77%
DOM*
128
138
183
32.61%
42.97%
Total Transactions
75
37
79
113.51%
5.33%

Chart

Condos/Townhouses Sales in Sun City West – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$145,315
$119,000
$113,475
-4.64%
-21.91%
Sale Price
$130,415
$116,000
$100,250
-13.58%
-23.13%
% of Asking Price
89.75%
97.48%
88.35%
-9.37%
-1.56%
Price/SqFt
$104
$83
$72
-13.25%
-30.77%
DOM*
129
21
113
438.1%
-12.4%
Total Transactions
13
1
4
300%
-69.23%

Chart

Single Family Homes Sales in Surprise – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$248,817
$165,287
$162,454
-1.71%
-34.71%
Sale Price
$221,236
$160,543
$157,854
-1.67%
-28.65%
% of Asking Price
88.92%
97.13%
97.17%
0.04%
9.28%
Price/SqFt
$109
$75
$72
-4%
-33.94%
DOM*
134
117
112
-4.27%
-16.42%
Total Transactions
243
271
343
26.57%
41.15%

Chart

Condos/Townhouses Sales in Surprise – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$148,567
$115,317
$122,982
6.65%
-17.22%
Sale Price
$130,144
$105,833
$111,498
5.35%
-14.33%
% of Asking Price
87.6%
91.78%
90.66%
-1.22%
3.49%
Price/SqFt
$152
$112
$107
-4.46%
-29.61%
DOM*
132
186
275
47.85%
108.33%
Total Transactions
9
6
6
0%
-33.33%

Chart

Single Family Homes Sales in Tolleson – March, 2009

  March, 2008 February, 2009 March, 2009 Monthly Change in % Annual Change in %
Asking Price
$201,309
$115,074
$103,955
-9.66%
-48.36%
Sale Price
$185,981
$112,198
$101,111
-9.88%
-45.63%
% of Asking Price
92.39%
97.5%
97.26%
-0.25%
5.27%
Price/SqFt
$93
$57
$51
-10.53%
-45.16%
DOM*
101
90
122
35.56%
20.79%
Total Transactions
51
55
98
78.18%
92.16%