East Valley Market Conditions, June 2008

East Valley single family homes, condos and townhouses sales reports for June 2008 including: Apache Junction, Chandler, Gilbert, Mesa, Queen Creek and Tempe.

Apache Junction Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $244,055 $233,974 $229,226
-2.03%
-6.08%
Sales Price $227,521 $209,501 $173,926
-16.98%
-23.56%
% of Asking Price 93.23% 89.54% 75.88%
-15.26%
-18.61%
$/SqFt $140.88 $123.12 $112.28
-8.80%
-20.30%
Days on Market 87 116 116
0.00%
33.33%
Total Transactions 42 50 48
-4.00%
14.29%

 

Chandler Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $408,790 $319,418 $335,965
5.18%
-17.81%
Sales Price $383,727 $287,991 $302,477
5.03%
-21.17%
% of Asking Price 93.87% 90.16% 90.03%
-0.14%
-4.09%
$/SqFt $174.89 $136.85 $134.51
-1.71%
-23.09%
Days on Market 102 127 131
3.15%
28.43%
Total Transactions 329 314 334
6.37%
1.52%

 

Chandler Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $202,731 $228,143 $247,341
8.41%
22.00%
Sales Price $191,256 $212,088 $216,322
2.00%
13.11%
% of Asking Price 94.34% 92.96% 87.46%
-5.92%
-7.29%
$/SqFt $161.95 $156.89 $137.66
-12.26%
-15.00%
Days on Market 82 155 166
7.10%
102.44%
Total Transactions 29 23 21
-8.70%
-27.59%

 

Gilbert Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $387,747 $299,504 $320,433
6.99%
-17.36%
Sales Price $359,560 $269,362 $285,076
5.83%
-20.72%
% of Asking Price 92.73% 89.94% 88.97%
-1.08%
-4.06%
$/SqFt $159.43 $125.36 $122.42
-2.35%
-23.21%
Days on Market 105 113 120
6.19%
14.29%
Total Transactions 317 350 331
-5.43%
4.42%

 

Gilbert Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $214,615 $182,682 $216,359
18.43%
0.81%
Sales Price $204,423 $173,628 $197,893
13.98%
-3.19%
% of Asking Price 95.25% 95.04% 91.46%
-3.77%
-3.97%
$/SqFt $177.40 $145.61 $137.23
-5.76%
-22.64%
Days on Market 68 129 81
-37.21%
19.12%
Total Transactions 13 9 10
11.11%
-23.08%

 

Mesa Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $300,063 $262,792 $259,927
-1.09%
-13.38%
Sales Price $281,864 $238,656 $232,738
-2.48%
-17.43%
% of Asking Price 93.94% 90.82% 89.54%
-1.40%
-4.68%
$/SqFt $155.59 $127.12 $123.57
-2.79%
-20.58%
Days on Market 104 123 122
-0.81%
17.31%
Total Transactions 396 414 414
0.00%
4.55%

 

Mesa Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $163,091 $171,064 $147,911
-13.53%
-9.31%
Sales Price $154,967 $152,597 $129,409
-15.20%
-16.49%
% of Asking Price 95.02% 89.20% 87.49%
-1.92%
-7.92%
$/SqFt $139.69 $128.51 $113.12
-11.98%
-19.02%
Days on Market 85 142 139
-2.11%
63.53%
Total Transactions 92 61 54
-11.48%
-41.30%

 

Queen Creek Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $303,301 $194,301 $195,082
0.40%
-35.68%
Sales Price $276,642 $166,414 $175,462
5.44%
-36.57%
% of Asking Price 91.21% 85.65% 89.94%
5.02%
-1.39%
$/SqFt $124.13 $79.39 $79.58
0.24%
-35.89%
Days on Market 116 107 123
14.95%
6.03%
Total Transactions 148 374 361
-3.48%
143.92%

 

Tempe Single Family Homes Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $370,595 $297,494 $309,959
4.19%
-16.36%
Sales Price $345,275 $276,067 $280,977
1.78%
-18.62%
% of Asking Price 93.17% 92.80% 90.65%
-2.31%
-2.70%
$/SqFt $190.94 $155.11 $152.89
-1.43%
-19.93%
Days on Market 74 107 132
23.36%
78.38%
Total Transactions 119 112 97
-13.39%
-18.49%

 

Tempe Condos and Townhouses Sales Report

Average June 2007 May 2008 June 2008
Monthly Change in %
Annual Change in %
Asking Price $232,100 $233,471 $238,069
1.97%
2.57%
Sales Price $219,318 $208,933 $217,065
3.89%
-1.03%
% of Asking Price 94.49% 89.49% 91.18%
1.89%
-3.51%
$/SqFt $179.93 $185.51 $168.54
-9.15%
-6.33%
Days on Market 69 105 83
-20.95%
20.29%
Total Transactions 63 48 41
-14.58%
-34.92%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 7-07-2008.