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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Anonymous
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Rainer
452,346
Jacqulyn Richey
Prominent Realty Group - Las Vegas, NV
Las Vegas Real Estate

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

Jul 17, 2008 08:11 PM #1
Rainer
16,398
Max Chirkov
Phoenix Homes Team - Scottsdale, AZ

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.

Jul 19, 2008 06:53 PM #2
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Rainer
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Max Chirkov

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