Watching the Arizona Real Estate Market Improve
| 6/1/08 | 6/8/08 | 6/15/08 | 6/22/08 | 6/29/08 | 7/6/08 |
| | | | | | |
| Active listings | 16,346 | 16,156 | 16,150 | 16,234 | 16,117 | 15,823 |
| Change from last week | -403 | -190 | -6 | +84 | -117 | -294 |
| Ahwatukee | | | | | | |
| Active Listings | 655 | 642 | 649 | 652 | 636 | 630 |
| Average List Price | $546,420 | $545,522 | $537,182 | $538,264 | $544,686 | $544,911 |
| Average Days on Market | 137 | 141 | 141 | 142 | 141 | 140 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 39 | 21 | 18 | 19 | 31 | 20 |
| Average List Price | $372,668 | $361,515 | $316,267 | $348,152 | $408,477 | $297,394 |
| Average Sales Price | $359,625 | $345,904 | $307,577 | $334,563 | $393,646 | $284,410 |
| Average Sales to List Ratio | -3% | -4% | -3% | -4% | -4% | -4% |
| Average Days on Market | 117 | 129 | 109 | 106 | 125 | 121 |
| Pending* | 31 | 30 | 33 | 33 | 48 | 39 |
| | | | | | |
| Chandler | | | | | | |
| Active Listings | 1941 | 1908 | 1905 | 1919 | 1878 | 1844 |
| Average List Price | $435,549 | $435,380 | $434,639 | $431,524 | $433,241 | $434,587 |
| Average Days on Market | 137 | 137 | 135 | 135 | 139 | 136 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 88 | 39 | 56 | 77 | 90 | 75 |
| Average List Price | $307,767 | $324,735 | $288,954 | $287,289 | $335,375 | $311,074 |
| Average Sales Price | $293,111 | $311,178 | $278,760 | $279,765 | $322,746 | $297,792 |
| Average Sales to List Ratio | -5% | -4% | -4% | -3% | -4% | -4% |
| Average Days on Market | 131 | 137 | 136 | 110 | 129 | 143 |
| Pending* | 111 | 102 | 124 | 109 | 114 | 102 |
| | | | | | |
| Fountain Hills | | | | | | |
| Active Listings | 503 | 514 | 518 | 519 | 516 | 511 |
| Average List Price | $1,016,881 | $1,005,757 | $1,001,042 | $996,705 | $994,184 | $999,089 |
| Average Days on Market | 188 | 182 | 182 | 185 | 185 | 188 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 12 | 6 | 6 | 5 | 6 | 5 |
| Average List Price | $583,398 | $674,150 | $488,133 | $663,840 | $605,149 | $915,960 |
| Average Sales Price | $555,483 | $638,000 | $463,166 | $629,000 | $561,666 | $798,000 |
| Average Sales to List Ratio | -5% | -5% | -5% | -5% | -7% | -13% |
| Average Days on Market | 174 | 155 | 126 | 139 | 227 | 269 |
| Pending* | 15 | 5 | 10 | 9 | 7 | 9 |
| | | | | | |
| Gilbert | | | | | | |
| Active Listings | 2256 | 2155 | 2151 | 2159 | 2124 | 2086 |
| Average List Price | $398,535 | $398,035 | $397,092 | $398,115 | $399,669 | $397,259 |
| Average Days on Market | 135 | 134 | 134 | 133 | 135 | 134 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 110 | 48 | 49 | 74 | 87 | 93 |
| Average List Price | $297,969 | $292,135 | $323,649 | $311,382 | $270,991 | $285,913 |
| Average Sales Price | $286,161 | $280,983 | $313,417 | $301,963 | $262,393 | $278,128 |
| Average Sales to List Ratio | -4% | -4% | -3% | -3% | -3% | -3% |
| Average Days on Market | 104 | 128 | 126 | 118 | 98 | 127 |
| Pending* | 131 | 150 | 134 | 129 | 135 | 107 |
| | | | | | |
| Maricopa | | | | | | |
| Active Listings | 835 | 819 | 806 | 805 | 803 | 789 |
| Average List Price | $200,084 | $195,433 | $193,768 | $193,112 | $188,725 | $188,447 |
| Average Days on Market | 117 | 117 | 118 | 120 | 118 | 119 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 42 | 24 | 27 | 34 | 39 | 39 |
| Average List Price | $157,674 | $170,307 | $175,350 | $165,866 | $160,870 | $178,263 |
| Average Sales Price | $154,874 | $170,399 | $173,071 | $161,481 | $157,746 | $172,506 |
| Average Sales to List Ratio | -2% | 0% | -1% | -3% | -2% | -3% |
| Average Days on Market | 111 | 130 | 94 | 117 | 93 | 88 |
| Pending* | 42 | 54 | 61 | 65 | 55 | 49 |
| | | | | | |
| Mesa | | | | | | |
| Active Listings | 3311 | 3304 | 3290 | 3294 | 3290 | 3238 |
| Average List Price | $358,611 | $359,133 | $359,515 | $356,277 | $356,396 | $353,244 |
| Average Days on Market | 139 | 138 | 138 | 137 | 139 | 139 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 116 | 63 | 82 | 85 | 95 | 97 |
| Average List Price | $283,088 | $243,521 | $256,382 | $232,146 | $216,958 | $216,235 |
| Average Sales Price | $269,256 | $237,258 | $246,357 | $224,414 | $208,971 | $210,008 |
| Average Sales to List Ratio | -5% | -3% | -4% | -3% | -4% | -3% |
| Average Days on Market | 144 | 98 | 117 | 118 | 114 | 130 |
| Pending* | 143 | 154 | 151 | 153 | 169 | 150 |
| | | | | | |
| Paradise Valley | | | | | | |
| Active Listings | 454 | 450 | 452 | 457 | 456 | 450 |
| Average List Price | $3,637,676 | $3,668,996 | $3,643,088 | $3,622,861 | $3,586,204 | $3,518,989 |
| Average Days on Market | 217 | 221 | 220 | 221 | 224 | 218 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 4 | 4 | 2 | 1 | 7 | 7 |
| Average List Price | $2,105,000 | $2,797,500 | $1,772,000 | $3,795,000 | $1,496,485 | $2,809,999 |
| Average Sales Price | $1,839,250 | $2,557,500 | $1,662,500 | $3,795,000 | $1,389,642 | $2,607,142 |
| Average Sales to List Ratio | -13% | -9% | -6% | 0% | -7% | -7% |
| Average Days on Market | 158 | 102 | 360 | 48 | 165 | 271 |
| Pending* | 9 | 8 | 11 | 9 | 9 | 8 |
| | | | | | |
| Queen Creek | | | | | | |
| Active Listings | 1620 | 1600 | 1620 | 1635 | 1633 | 1637 |
| Average List Price | $279,860 | $276,379 | $277,809 | $275,899 | $275,666 | $270,357 |
| Average Days on Market | 135 | 133 | 132 | 132 | 132 | 131 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 107 | 53 | 70 | 80 | 85 | 89 |
| Average List Price | $167,702 | $167,360 | $163,045 | $168,023 | $191,009 | $182,669 |
| Average Sales Price | $165,832 | $162,289 | $158,414 | $163,770 | $187,776 | $180,391 |
| Average Sales to List Ratio | -1% | -3% | -3% | -3% | -2% | -1% |
| Average Days on Market | 117 | 147 | 107 | 121 | 111 | 98 |
| Pending* | 139 | 116 | 150 | 152 | 133 | 119 |
| | | | | | |
| Scottsdale | | | | | | |
| Active Listings | 4062 | 4044 | 4041 | 4069 | 4053 | 3940 |
| Average List Price | $1,277,429 | $1,267,718 | $1,268,389 | $1,256,285 | $1,249,168 | $1,231,179 |
| Average Days on Market | 184 | 185 | 185 | 185 | 186 | 184 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 83 | 70 | 62 | 60 | 77 | 78 |
| Average List Price | $717,377 | $753,237 | $760,656 | $678,557 | $684,714 | $786,960 |
| Average Sales Price | $659,682 | $704,216 | $708,482 | $634,705 | $641,061 | $734,183 |
| Average Sales to List Ratio | -8% | -7% | -7% | -6% | -6% | -7% |
| Average Days on Market | 157 | 184 | 162 | 163 | 162 | 199 |
| Pending* | 98 | 103 | 113 | 98 | 102 | 88 |
| | | | | | |
| Sun Lakes | | | | | | |
| Active Listings | 213 | 215 | 209 | 205 | 196 | 174 |
| Average List Price | $323,988 | $313,471 | $312,423 | $312,684 | $311,467 | $306,778 |
| Average Days on Market | 187 | 197 | 200 | 201 | 208 | 200 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 10 | 7 | 7 | 9 | 6 | 5 |
| Average List Price | $286,490 | $312,314 | $268,557 | $278,600 | $334,750 | $285,975 |
| Average Sales Price | $267,950 | $292,142 | $256,857 | $257,555 | $313,500 | $273,100 |
| Average Sales to List Ratio | -6% | -6% | -4% | -8% | -6% | -5% |
| Average Days on Market | 180 | 228 | 138 | 248 | 241 | 168 |
| Pending* | 11 | 4 | 10 | 7 | 10 | 5 |
| | | | | | |
| Tempe | | | | | | |
| Active Listings | 496 | 505 | 509 | 520 | 532 | 524 |
| Average List Price | $389,526 | $383,401 | $382,938 | $385,216 | $310,602 | $384,417 |
| Average Days on Market | 117 | 117 | 117 | 114 | 115 | 119 |
| Prior Week | | | | | | |
| Sale Recorded (Closed) | 37 | 10 | 20 | 17 | 25 | 28 |
| Average List Price | $294,514 | $324,960 | $297,074 | $268,888 | $310,602 | $297,032 |
| Average Sales Price | $285,158 | $308,000 | $282,400 | $257,494 | $299,299 | $284,107 |
| Average Sales to List Ratio | -3% | -5% | -5% | -4% | -4% | -4% |
| Average Days on Market | 89 | 99 | 115 | 140 | 130 | 107 |
| Pending* | 34 | 26 | 32 | 28 | 35 | 23 |
| | | | | | |
| Updated 7/6/2008 |
| 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. |