Chandler AZ and surrounding East Valley Communities Real Estate Update
| 4/5/08 | 5/4/08 | 5/11/08 | 5/18/08 | 5/25/08 | 6/1/08 |
| Ahwatukee | | | | | | |
| Active Listings | 678 | 687 | 687 | 683 | 682 | 655 |
| Average List Price | $541,438 | $543,704 | $545,401 | $544,915 | $539,863 | $546,420 |
| Average Days on Market | 139 | 132 | 136 | 133 | 135 | 137 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 18 | 35 | 14 | 23 | 20 | 39 |
| Average List Price | $345,201 | $434,281 | $331,650 | $372,278 | $315,040 | $372,668 |
| Average Sales Price | $333,668 | $407,748 | $313,708 | $358,107 | $303,707 | $359,625 |
| Average Sales to List Ratio | -3% | -6% | -5% | -4% | -4% | -3% |
| Average Days on Market | 85 | 160 | 126 | 160 | 121 | 117 |
| Pending* | 48 | 35 | 32 | 31 | 40 | 31 |
| | | | | | |
| Chandler | | | | | | |
| Active Listings | 2081 | 2048 | 2016 | 2016 | 1997 | 1941 |
| Average List Price | $425,604 | $428,635 | $430,436 | $431,554 | $435,453 | $435,549 |
| Average Days on Market | 135 | 135 | 135 | 136 | 137 | 137 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 48 | 86 | 50 | 68 | 59 | 88 |
| Average List Price | $351,116 | $295,228 | $293,182 | $268,116 | $310,304 | $307,767 |
| Average Sales Price | $329,375 | $283,326 | $280,890 | $256,054 | $296,919 | $293,111 |
| Average Sales to List Ratio | -6% | -4% | -4% | -4% | -4% | -5% |
| Average Days on Market | 112 | 128 | 129 | 129 | 118 | 131 |
| Pending* | 96 | 99 | 111 | 96 | 112 | 111 |
| | | | | | |
| Fountain Hills | | | | | | |
| Active Listings | 521 | 531 | 509 | 509 | 514 | 503 |
| Average List Price | $1,044,315 | $1,018,329 | $1,030,513 | $1,016,171 | $1,016,355 | $1,016,881 |
| Average Days on Market | 184 | 190 | 194 | 193 | 196 | 188 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 8 | 8 | 4 | 4 | 3 | 12 |
| Average List Price | $447,324 | $608,212 | $1,549,749 | $519,125 | $692,633 | $583,398 |
| Average Sales Price | $428,975 | $553,812 | $1,423,750 | $504,500 | $660,000 | $555,483 |
| Average Sales to List Ratio | -4% | -9% | -8% | -3% | -5% | -5% |
| Average Days on Market | 120 | 144 | 58 | 250 | 102 | 174 |
| Pending* | 15 | 6 | 21 | 10 | 10 | 15 |
| | | | | | |
| Gilbert | | | | | | |
| Active Listings | 2403 | 2347 | 2303 | 2283 | 2290 | 2256 |
| Average List Price | $404,391 | $401,329 | $399,560 | $398,223 | $398,727 | $398,535 |
| Average Days on Market | 131 | 132 | 134 | 134 | 134 | 135 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 66 | 94 | 43 | 75 | 65 | 110 |
| Average List Price | $288,743 | $290,589 | $262,870 | $276,117 | $282,132 | $297,969 |
| Average Sales Price | $278,387 | $279,867 | $253,583 | $265,548 | $270,146 | $286,161 |
| Avgerage Sales to List Ratio | -4% | -4% | -4% | -4% | -4% | -4% |
| Average Days on Market | 114 | 111 | 122 | 114 | 110 | 104 |
| Pending* | 123 | 120 | 134 | 123 | 116 | 131 |
| | | | | | |
| Maricopa | | | | | | |
| Active Listings | 905 | 868 | 881 | 860 | 841 | 835 |
| Average List Price | $209,824 | $205,319 | $204,131 | $203,941 | $204,423 | $200,084 |
| Average Days on Market | 128 | 117 | 117 | 118 | 118 | 117 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 15 | 42 | 25 | 31 | 22 | 42 |
| Average List Price | $339,731 | $165,849 | $162,494 | $159,923 | $186,845 | $157,674 |
| Average Sales Price | $161,790 | $163,174 | $158,967 | $160,370 | $183,066 | $154,874 |
| Average Sales to List Ratio | -52% | -2% | -2% | 0% | -2% | -2% |
| Average Days on Market | 91 | 98 | 114 | 86 | 80 | 111 |
| Pending* | 48 | 64 | 52 | 68 | 71 | 42 |
| | | | | | |
| Mesa | | | | | | |
| Active Listings | 3439 | 3341 | 3392 | 3354 | 3398 | 3311 |
| Average List Price | $362,494 | $363,799 | $361,561 | $360,209 | $359,082 | $358,611 |
| Average Days on Market | 136 | 136 | 137 | 138 | 138 | 139 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 80 | 119 | 51 | 85 | 92 | 116 |
| Average List Price | $241,780 | $250,329 | $218,337 | $250,584 | $244,654 | $283,088 |
| Average Sales Price | $233,275 | $254,311 | $210,331 | $243,022 | $235,296 | $269,256 |
| Average Sales to List Ratio | -4% | 2% | -4% | -3% | -4% | -5% |
| Average Days on Market | 111 | 146 | 99 | 111 | 125 | 144 |
| Pending* | 145 | 168 | 109 | 143 | 150 | 143 |
| | | | | | |
| Paradise Valley | | | | | | |
| Active Listings | 469 | 471 | 469 | 467 | 459 | 454 |
| Average List Price | $3,686,617 | $3,641,082 | $3,638,228 | $3,646,327 | $3,603,334 | $3,637,676 |
| Average Days on Market | 202 | 205 | 212 | 212 | 215 | 217 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 3 | 5 | 4 | 4 | 2 | 4 |
| Average List Price | $1,510,000 | $2,519,950 | $4,159,750 | $1,525,000 | $4,812,500 | $2,105,000 |
| Average Sales Price | $1,366,666 | $2,324,500 | $3,806,250 | $1,416,250 | $3,950,000 | $1,839,250 |
| Average Sales to List Ratio | -9% | -8% | -8% | -7% | -18% | -13% |
| Average Days on Market | 133 | 207 | 498 | 228 | 402 | 158 |
| Pending* | 5 | 3 | 10 | 7 | 6 | 9 |
| | | | | | |
| Queen Creek | | | | | | |
| Active Listings | 1905 | 1734 | 1709 | 1700 | 1681 | 1620 |
| Average List Price | $277,974 | $279,948 | $278,646 | $275,590 | $280,215 | $279,860 |
| Average Days on Market | 132 | 133 | 133 | 133 | 133 | 135 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 56 | 89 | 58 | 73 | 76 | 107 |
| Average List Price | $178,543 | $174,120 | $171,874 | $180,886 | $164,176 | $167,702 |
| Average Sales Price | $172,265 | $170,504 | $166,599 | $175,545 | $159,960 | $165,832 |
| Average Sales to List Ratio | -4% | -2% | -3% | -3% | -3% | -1% |
| Average Days on Market | 122 | 117 | 109 | 114 | 98 | 117 |
| Pending* | 132 | 137 | 129 | 133 | 151 | 139 |
| | | | | | |
| Scottsdale | | | | | | |
| Active Listings | 4337 | 4253 | 4213 | 4200 | 4162 | 4062 |
| Average List Price | $1,258,246 | $1,266,610 | $1,272,749 | $1,271,907 | $1,276,008 | $1,277,429 |
| Average Days on Market | 173 | 177 | 179 | 180 | 183 | 184 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 59 | 87 | 47 | 68 | 54 | 83 |
| Average List Price | $846,263 | $802,909 | $739,091 | $687,169 | $672,836 | $717,377 |
| Average Sales Price | $774,148 | $743,668 | $685,844 | $642,395 | $634,553 | $659,682 |
| Average Sales to List Ratio | -9% | -7% | -7% | -7% | -6% | -8% |
| Average Days on Market | 133 | 161 | 200 | 159 | 152 | 157 |
| Pending* | 106 | 114 | 124 | 116 | 120 | 98 |
| | | | | | |
| Sun Lakes | | | | | | |
| Active Listings | 287 | 240 | 230 | 230 | 224 | 213 |
| Average List Price | $320,860 | $317,069 | $318,645 | $314,674 | $318,579 | $323,988 |
| Average Days on Market | 183 | 200 | 200 | 197 | 197 | 187 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 9 | 11 | 10 | 4 | 8 | 10 |
| Average List Price | $267,366 | $283,109 | $299,250 | $272,750 | $263,062 | $286,490 |
| Average Sales Price | $243,666 | $249,136 | $283,200 | $261,312 | $249,062 | $267,950 |
| Average Sales to List Ratio | -9% | -12% | -5% | -4% | -5% | -6% |
| Average Days on Market | 174 | 189 | 131 | 154 | 55 | 180 |
| Pending* | 6 | 11 | 8 | 7 | 7 | 11 |
| | | | | | |
| Tempe | | | | | | |
| Active Listings | 553 | 515 | 504 | 502 | 501 | 496 |
| Average List Price | $379,629 | $383,231 | $384,744 | $395,254 | $388,479 | $389,526 |
| Average Days on Market | 123 | 120 | 124 | 122 | 121 | 117 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 16 | 24 | 13 | 22 | 21 | 37 |
| Average List Price | $384,656 | $275,341 | $295,750 | $310,277 | $251,540 | $294,514 |
| Average Sales Price | $365,399 | $270,995 | $286,842 | $296,450 | $241,728 | $285,158 |
| Average Sales to List Ratio | -5% | -2% | -3% | -4% | -4% | -3% |
| Average Days on Market | 117 | 115 | 116 | 142 | 129 | 89 |
| Pending* | 17 | 47 | 38 | 27 | 31 | 34 |
| | | | | | |
| Updated 6/1/2008 | |
| Data Includes Single Family Detached Dwellings Only | |
| Information obtained from Arizona Regional MLS & is deemed reliable but not guaranteed | |
| *Pending reflects contracts written & accepted during the previous week and are a truer indication of current buyer activity | |