Phoenix Metro - Market Condition Reports, June 2008

By
Services for Real Estate Pros with Phoenix Homes Team
City
Average Asking Price
Average Sale Price
% of Asking Price
Sold
Average DOM
Average SqFt
Average Price per SqFt
Apache Junction
$226,118
$171,946
76.04%
49
117
1532
$112.25
Avondale
$201,713
$174,908
86.71%
145
129
1946
$91.14
Carefree
$875,867
$681,333
77.79%
9
263
2960
$230.21
Cave Creek
$554,517
$474,141
85.51%
38
217
2523
$187.91
Chandler
$330,722
$297,380
89.92%
355
133
2209
$134.64
El Mirage
$149,479
$129,526
86.65%
64
119
1718
$76.61
Fountain Hills
$527,849
$435,760
82.55%
47
181
2029
$214.78
Gilbert
$317,381
$282,520
89.02%
341
119
2310
$122.69
Glendale
$253,178
$221,956
87.67%
290
126
1969
$113.14
Goodyear
$279,227
$230,603
82.59%
139
139
2279
$104.20
Laveen
$214,771
$197,097
91.77%
68
102
2108
$94.88
Litchfield Park
$297,060
$259,434
87.33%
48
146
2625
$100.92
Mesa
$247,002
$220,816
89.40%
468
124
1810
$122.80
Paradise Valley
$2,558,488
$2,025,265
79.16%
17
211
4866
$416.24
Peoria
$279,077
$250,263
89.68%
197
122
2137
$117.71
Phoenix *
$271,087
$237,822
87.73%
1227
127
1777
$136.26
Queen Creek
$195,082
$175,462
89.94%
361
123
2230
$79.58
Rio Verde
$584,826
$483,438
82.66%
8
210
2396
$201.80
Scottsdale **
$663,984
$579,694
87.31%
466
158
2334
$248.90
Sun City
$193,366
$166,462
86.09%
95
167
1670
$102.93
Sun City West
$239,776
$206,583
86.16%
75
158
1733
$119.21
Surprise
$219,999
$197,001
89.55%
293
120
2179
$90.72
Tempe
$288,601
$261,989
90.78%
138
117
1674
$156.47
Tolleson
$181,323
$160,061
88.27%
53
125
2081
$78.38
Grand Total
$310,930
$272,648
87.69%
4991
131
2030
$135.62

* Phoenix is divided into smaller areas - North Phoenix, South Phoenix and Central Corridor.
** Scottsdale as North Scottsdale and South Scottsdale (reports by zip code are also available).

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Rainer
447,194
Jacqulyn Richey
Las Vegas Real Estate
Prominent Realty Group

Looks like prices there in your area are on par with the ones here in Las Vegas. -Charles

July 17, 2008 08:11 PM
Rainer
16,398
Max Chirkov
Phoenix Homes Team

The prices are mostly going down, but that increases activity on the market and helps to get rid of the huge inventory. Like they say - "it will get worse before it will get better". Although, the decline in home values is not that bad, - demand and proposition will level it out. Sales are picking up, which is a really good sign.

July 19, 2008 06:53 PM
Anonymous
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Rainer
16,398

Max Chirkov

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