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Phoenix Metro - Market Condition Reports, May 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
$233,974
$209,501
89.54%
50
116
1736
$123.12
Avondale
$211,648
$186,332
88.04%
132
125
2002
$93.79
Carefree
$851,738
$771,750
90.61%
8
132
2557
$301.82
Cave Creek
$487,176
$423,116
86.85%
25
170
2401
$176.22
Chandler
$313,189
$282,811
90.30%
337
129
2059
$137.75
El Mirage
$163,309
$139,083
85.17%
49
97
1807
$76.97
Fountain Hills
$513,686
$451,250
87.85%
71
106
1980
$227.89
Gilbert
$296,575
$266,962
90.02%
359
114
2149
$125.64
Glendale
$246,143
$217,609
88.41%
263
127
1938
$113.60
Goodyear
$281,640
$237,246
84.24%
139
134
2228
$108.82
Laveen
$283,270
$196,379
69.33%
42
136
2118
$92.71
Litchfield Park
$315,511
$271,646
86.10%
44
143
2573
$108.05
Mesa
$251,013
$227,605
90.67%
475
125
1800
$127.24
Paradise Valley
$2,753,800
$2,279,876
82.79%
21
274
5330
$427.76
Peoria
$311,503
$272,242
87.40%
234
136
2218
$123.26
Phoenix *
$290,121
$254,764
87.81%
1065
124
1800
$144.81
Queen Creek
$194,301
$166,414
85.65%
374
107
2130
$79.39
Rio Verde
$558,078
$491,500
88.07%
4
96
2261
$217.38
Scottsdale **
$629,563
$544,174
86.44%
457
154
2256
$242.26
Sun City
$187,616
$163,028
86.89%
107
146
1693
$96.29
Sun City West
$246,781
$223,289
90.48%
84
134
1738
$128.46
Surprise
$253,270
$220,192
86.94%
264
125
2141
$103.23
Tempe
$278,287
$255,927
91.96%
160
107
1584
$161.59
Tolleson
$197,225
$179,663
91.10%
64
124
2153
$83.47
Grand Total
$317,138
$278,152
87.71%
4828
127
2004
$140.31

* 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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