Greater Phoenix resale numbers experience reduction in foreclosure activity for July

August 27, 2009

<p>There were 11,500 resale homes recorded sold in July 2009, while there were 11,820 recorded sales in June and 8,165 sales for a year ago. Foreclosure activity in July 2009 represented 37 percent (4,200 transactions), while 7,300 traditional market transactions made up the bulk of activity. However, in the traditional market, approximately 46 percent of the recorded sales represent previously foreclosed property being sold.</p><separator></separator><p>Foreclosure activity, as a share of total activity, is down significantly from the 51 percent (4,295 recordings) of February 2009. Since recorded sales represent decisions made in prior months, this slowdown can primarily be attributed to the various hiatus programs that lenders instituted, while awaiting the results of the various loan modifications and re-financing programs from the federal government. For July 2008, there were 3,470 sales in foreclosure or 42 percent on the month’s recordings. For July 2009, foreclosure activity differed throughout the Valley such as 42 percent in Goodyear, 36 percent in Mesa and 38 percent in Surprise.</p><separator></separator><p>Historically, July signals the ending of the resale home season that usually lasts through August. During the resale season, sales and median prices tend to increase, so some improvement in the local housing market would not be unexpected. Although the level of activity has been at record levels, the market has been drive by foreclosure activity, including the sale of foreclosed homes, not the traditional owner-occupant segment.</p><separator></separator><p>“Except for the sense of failure -- foreclosures and bankruptcies -- the current market is not much different than the 2003-2006 hyper-market for it is driven by similar-minded investors looking for the deal, especially the potential of great appreciation,” said Jay Butler, director of Realty Studies in the Morrison School of Management and Agribusiness at Arizona State University Polytechnic campus. </p><separator></separator><p>“So, a recovery cannot really be established until foreclosure activity drops to historical levels, such as 3-5 percent of monthly recordings, and owner-occupants are the primary driving force.” <br /> Although mortgage interest rates and prices are attractively low, tighter underwriting standards, a weak economy and poor job market (including job losses and lost income through reduce pay and furlough programs) could continue to place several obstacles before the potential of the market.</p><separator></separator><p>“The impact of foreclosures on the market has been the primary concern of the last year and will continue to be in the coming months, especially with the end of many hiatus programs and the weak job market,” said Butler. </p><separator></separator><p>The declining prices have piqued interest for potential investors and owner-occupants, especially in the lower income ranges. For the traditional market, the median price in July was $135,500 or down 33 percent from the $200,750 of a year ago. Foreclosed properties had a median price of $148,045 ($159,200 for July 2008).</p><separator></separator><p>Investment interest is being driven by the anticipation that home prices will rise again in the next few years. While lower prices can greatly improve affordability, they can adversely impact many owners and potential sellers whom are watching their limited equity erode, as prices decline to and even below existing debt level. Rapidly declining value can be another issue in some of the mortgage modification programs which require a limited decline in value from the purchase and financing of the home.</p><separator></separator><p>There are two fundamental reasons why the median price for foreclosed homes is higher than traditional transactions. The first reason is more expensive homes continue to be foreclosed, with 32 being over $1 million in July -- including six over $2 million -- and 4 percent of the foreclosures were in the $400,000 to $1 million range. Since most loan modification programs are designed for homes under $400,000, the increase in foreclosure activity for the upper-end market was expected.</p><separator></separator><p>The other reason is that, for the last year, approximately 50 percent of the traditional sales were foreclosed homes that were sold again with a median price markdown of 20 percent. The markdown varied throughout the Valley ranging from 51 percent in Maryvale to 30 percent in El Mirage to 13 percent in Tempe.</p><separator></separator><p>Since the Greater Phoenix area is so large, the median price can range significantly. For July 2009 in North Scottsdale, the median price for a foreclosed property was $400,495 ($451,595 in June), while the traditional market was $500,000 ($460,000 in June). In South Scottsdale the splits were $219,650 ($180,000 in June) and $190,000 ($192,500 in June), respectively.</p><separator></separator><p>In Maryvale, traditional transactions were $51,400 ($48,000 in June) and foreclosures were $86,000 ($76,285 in June), while in Union Hills it was $215,500 ($210,500 in June) and $190,560 ($193,725 in June), respectively. For July 2009, Paradise Valley had a median square footage of 3,730 and a median price of $1,412,500. </p><separator></separator><p>Within the 1,475 total recorded sales for July 2009, the townhouse/condominium market had 555 foreclosed properties. For a year ago, there were 870 total transactions with 280 being foreclosures. In July 2009, the median price for foreclosed properties was $109,545 while the traditional market stood at $106,500. Last year, the splits were $125,800 and $160,000, respectively.</p><separator></separator><p>The median square footage for a single-family home recorded sold as foreclosed in June was 1,685 square feet (1,600 for a year ago), while it was 1,760 square feet (1,825 for a year ago) for a traditional transaction home. In the townhouse/condominium sector, the median square footage for a foreclosed unit was 1,050 square feet (1,100 for a year ago), while the traditional market units was 1,160 square feet (1,160 for a year ago).</p><separator></separator> <table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> July 2008-- SINGLE-FAMILY RESALE HOMES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city">Phoenix </td> <td nowrap="nowrap" valign="bottom" width="41">2,480</td> <td nowrap="nowrap" valign="bottom" width="49">$147,475</td> <td nowrap="nowrap" valign="bottom" width="55">1,145</td> <td nowrap="nowrap" valign="bottom" width="48">$167,000</td> <td nowrap="nowrap" valign="bottom" width="49">1,335</td> <td nowrap="nowrap" valign="bottom" width="48">$134,670</td> </tr> <tr class="evenHere"> <td class="city">Scottsdale</td> <td nowrap="nowrap" valign="bottom" width="41">385</td> <td nowrap="nowrap" valign="bottom" width="49">450,000</td> <td nowrap="nowrap" valign="bottom" width="55">300</td> <td nowrap="nowrap" valign="bottom" width="48">455,000</td> <td nowrap="nowrap" valign="bottom" width="49">85</td> <td nowrap="nowrap" valign="bottom" width="48">446,775</td> </tr> <tr> <td class="city">Chandler</td> <td nowrap="nowrap" valign="bottom" width="41">440</td> <td nowrap="nowrap" valign="bottom" width="49">229,500</td> <td nowrap="nowrap" valign="bottom" width="55">320</td> <td nowrap="nowrap" valign="bottom" width="48">239,750</td> <td nowrap="nowrap" valign="bottom" width="49">120</td> <td nowrap="nowrap" valign="bottom" width="48">198,405</td> </tr> <tr class="evenHere"> <td class="city">Gilbert</td> <td nowrap="nowrap" valign="bottom" width="41">515</td> <td nowrap="nowrap" valign="bottom" width="49">239,620</td> <td nowrap="nowrap" valign="bottom" width="55">345</td> <td nowrap="nowrap" valign="bottom" width="48">240,000</td> <td nowrap="nowrap" valign="bottom" width="49">170</td> <td nowrap="nowrap" valign="bottom" width="48">231,000</td> </tr> <tr> <td class="city">Mesa</td> <td nowrap="nowrap" valign="bottom" width="41">800</td> <td nowrap="nowrap" valign="bottom" width="49">171,925</td> <td nowrap="nowrap" valign="bottom" width="55">485</td> <td nowrap="nowrap" valign="bottom" width="48">179,000</td> <td nowrap="nowrap" valign="bottom" width="49">315</td> <td nowrap="nowrap" valign="bottom" width="48">160,000</td> </tr> <tr class="evenHere"> <td class="city">Tempe</td> <td nowrap="nowrap" valign="bottom" width="41">115</td> <td nowrap="nowrap" valign="bottom" width="49">240,000</td> <td nowrap="nowrap" valign="bottom" width="55">100</td> <td nowrap="nowrap" valign="bottom" width="48">248,500</td> <td nowrap="nowrap" valign="bottom" width="49">15</td> <td nowrap="nowrap" valign="bottom" width="48">213,560</td> </tr> <tr> <td class="city">Avondale</td> <td nowrap="nowrap" valign="bottom" width="41">310</td> <td nowrap="nowrap" valign="bottom" width="49">159,000</td> <td nowrap="nowrap" valign="bottom" width="55">145</td> <td nowrap="nowrap" valign="bottom" width="48">155,000</td> <td nowrap="nowrap" valign="bottom" width="49">165</td> <td nowrap="nowrap" valign="bottom" width="48">160,000</td> </tr> <tr class="evenHere"> <td class="city">El Mirage </td> <td nowrap="nowrap" valign="bottom" width="41">175</td> <td nowrap="nowrap" valign="bottom" width="49">124,900</td> <td nowrap="nowrap" valign="bottom" width="55">70</td> <td nowrap="nowrap" valign="bottom" width="48">124,900</td> <td nowrap="nowrap" valign="bottom" width="49">105</td> <td nowrap="nowrap" valign="bottom" width="48">125,000</td> </tr> <tr> <td class="city">Glendale</td> <td nowrap="nowrap" valign="bottom" width="41">570</td> <td nowrap="nowrap" valign="bottom" width="49">170,000</td> <td nowrap="nowrap" valign="bottom" width="55">315</td> <td nowrap="nowrap" valign="bottom" width="48">182,700</td> <td nowrap="nowrap" valign="bottom" width="49">255</td> <td nowrap="nowrap" valign="bottom" width="48">155,235</td> </tr> <tr class="evenHere"> <td class="city">Goodyear</td> <td nowrap="nowrap" valign="bottom" width="41">225</td> <td nowrap="nowrap" valign="bottom" width="49">182,900</td> <td nowrap="nowrap" valign="bottom" width="55">135</td> <td nowrap="nowrap" valign="bottom" width="48">189,000</td> <td nowrap="nowrap" valign="bottom" width="49">90</td> <td nowrap="nowrap" valign="bottom" width="48">180,435</td> </tr> <tr> <td class="city">Peoria</td> <td nowrap="nowrap" valign="bottom" width="41">355</td> <td nowrap="nowrap" valign="bottom" width="49">211,000</td> <td nowrap="nowrap" valign="bottom" width="55">215</td> <td nowrap="nowrap" valign="bottom" width="48">221,150</td> <td nowrap="nowrap" valign="bottom" width="49">140</td> <td nowrap="nowrap" valign="bottom" width="48">192,960</td> </tr> <tr class="evenHere"> <td class="city">Sun City</td> <td nowrap="nowrap" valign="bottom" width="41">85</td> <td nowrap="nowrap" valign="bottom" width="49">155,000</td> <td nowrap="nowrap" valign="bottom" width="55">75</td> <td nowrap="nowrap" valign="bottom" width="48">155,500</td> <td nowrap="nowrap" valign="bottom" width="49">10</td> <td nowrap="nowrap" valign="bottom" width="48">153,940</td> </tr> <tr> <td class="city">Sun City West</td> <td nowrap="nowrap" valign="bottom" width="41">45</td> <td nowrap="nowrap" valign="bottom" width="49">205,000</td> <td nowrap="nowrap" valign="bottom" width="55">45</td> <td nowrap="nowrap" valign="bottom" width="48">205,000</td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city">Surprise</td> <td nowrap="nowrap" valign="bottom" width="41">475</td> <td nowrap="nowrap" valign="bottom" width="49">173,620</td> <td nowrap="nowrap" valign="bottom" width="55">280</td> <td nowrap="nowrap" valign="bottom" width="48">175,000</td> <td nowrap="nowrap" valign="bottom" width="49">195</td> <td nowrap="nowrap" valign="bottom" width="48">165,750</td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="41"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="41">8,165</td> <td nowrap="nowrap" valign="bottom" width="49">$181,000</td> <td nowrap="nowrap" valign="bottom" width="55">4,695</td> <td nowrap="nowrap" valign="bottom" width="48">$200,750</td> <td nowrap="nowrap" valign="bottom" width="49">3,470</td> <td nowrap="nowrap" valign="bottom" width="48">$159,200</td> </tr> </tbody> </table> <table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> June 2009 -- SINGLE-FAMILY RESALE HOMES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city">Phoenix </td> <td nowrap="nowrap" valign="bottom" width="41">3,615</td> <td nowrap="nowrap" valign="bottom" width="49">$ 91,000</td> <td nowrap="nowrap" valign="bottom" width="55">2,310</td> <td nowrap="nowrap" valign="bottom" width="48">$ 79,000</td> <td nowrap="nowrap" valign="bottom" width="49">1,305</td> <td nowrap="nowrap" valign="bottom" width="48">$121,500</td> </tr> <tr class="evenHere"> <td class="city">Scottsdale</td> <td nowrap="nowrap" valign="bottom" width="41">590</td> <td nowrap="nowrap" valign="bottom" width="49">376,000</td> <td nowrap="nowrap" valign="bottom" width="55">430</td> <td nowrap="nowrap" valign="bottom" width="48">380,000</td> <td nowrap="nowrap" valign="bottom" width="49">160</td> <td nowrap="nowrap" valign="bottom" width="48">357,500</td> </tr> <tr> <td class="city">Chandler</td> <td nowrap="nowrap" valign="bottom" width="41">540</td> <td nowrap="nowrap" valign="bottom" width="49">217,805</td> <td nowrap="nowrap" valign="bottom" width="55">385</td> <td nowrap="nowrap" valign="bottom" width="48">225,000</td> <td nowrap="nowrap" valign="bottom" width="49">155</td> <td nowrap="nowrap" valign="bottom" width="48">196,870</td> </tr> <tr class="evenHere"> <td class="city">Gilbert</td> <td nowrap="nowrap" valign="bottom" width="41">670</td> <td nowrap="nowrap" valign="bottom" width="49">195,000</td> <td nowrap="nowrap" valign="bottom" width="55">460</td> <td nowrap="nowrap" valign="bottom" width="48">199,000</td> <td nowrap="nowrap" valign="bottom" width="49">210</td> <td nowrap="nowrap" valign="bottom" width="48">189,085</td> </tr> <tr> <td class="city">Mesa</td> <td nowrap="nowrap" valign="bottom" width="41">1,100</td> <td nowrap="nowrap" valign="bottom" width="49">130,850</td> <td nowrap="nowrap" valign="bottom" width="55">705</td> <td nowrap="nowrap" valign="bottom" width="48">125,000</td> <td nowrap="nowrap" valign="bottom" width="49">395</td> <td nowrap="nowrap" valign="bottom" width="48">151,615</td> </tr> <tr class="evenHere"> <td class="city">Tempe</td> <td nowrap="nowrap" valign="bottom" width="41">170</td> <td nowrap="nowrap" valign="bottom" width="49">199,950</td> <td nowrap="nowrap" valign="bottom" width="55">115</td> <td nowrap="nowrap" valign="bottom" width="48">204,500</td> <td nowrap="nowrap" valign="bottom" width="49">55</td> <td nowrap="nowrap" valign="bottom" width="48">190,000</td> </tr> <tr> <td class="city">Avondale</td> <td nowrap="nowrap" valign="bottom" width="41">440</td> <td nowrap="nowrap" valign="bottom" width="49">106,000</td> <td nowrap="nowrap" valign="bottom" width="55">280</td> <td nowrap="nowrap" valign="bottom" width="48">99,500</td> <td nowrap="nowrap" valign="bottom" width="49">160</td> <td nowrap="nowrap" valign="bottom" width="48">129,000</td> </tr> <tr class="evenHere"> <td class="city">El Mirage </td> <td nowrap="nowrap" valign="bottom" width="41">230</td> <td nowrap="nowrap" valign="bottom" width="49">76,750</td> <td nowrap="nowrap" valign="bottom" width="55">150</td> <td nowrap="nowrap" valign="bottom" width="48">70,000</td> <td nowrap="nowrap" valign="bottom" width="49">80</td> <td nowrap="nowrap" valign="bottom" width="48">135,735</td> </tr> <tr> <td class="city">Glendale</td> <td nowrap="nowrap" valign="bottom" width="41">825</td> <td nowrap="nowrap" valign="bottom" width="49">121,905</td> <td nowrap="nowrap" valign="bottom" width="55">515</td> <td nowrap="nowrap" valign="bottom" width="48">120,000</td> <td nowrap="nowrap" valign="bottom" width="49">310</td> <td nowrap="nowrap" valign="bottom" width="48">130,500</td> </tr> <tr class="evenHere"> <td class="city">Goodyear</td> <td nowrap="nowrap" valign="bottom" width="41">390</td> <td nowrap="nowrap" valign="bottom" width="49">141,975</td> <td nowrap="nowrap" valign="bottom" width="55">235</td> <td nowrap="nowrap" valign="bottom" width="48">140,450</td> <td nowrap="nowrap" valign="bottom" width="49">155</td> <td nowrap="nowrap" valign="bottom" width="48">148,500</td> </tr> <tr> <td class="city">Peoria</td> <td nowrap="nowrap" valign="bottom" width="41">505</td> <td nowrap="nowrap" valign="bottom" width="49">165,500</td> <td nowrap="nowrap" valign="bottom" width="55">330</td> <td nowrap="nowrap" valign="bottom" width="48">160,000</td> <td nowrap="nowrap" valign="bottom" width="49">175</td> <td nowrap="nowrap" valign="bottom" width="48">172,120</td> </tr> <tr class="evenHere"> <td class="city">Sun City</td> <td nowrap="nowrap" valign="bottom" width="41">110</td> <td nowrap="nowrap" valign="bottom" width="49">135,000</td> <td nowrap="nowrap" valign="bottom" width="55">90</td> <td nowrap="nowrap" valign="bottom" width="48">136,500</td> <td nowrap="nowrap" valign="bottom" width="49">20</td> <td nowrap="nowrap" valign="bottom" width="48">124,600</td> </tr> <tr> <td class="city">Sun City West</td> <td nowrap="nowrap" valign="bottom" width="41">85</td> <td nowrap="nowrap" valign="bottom" width="49">198,500</td> <td nowrap="nowrap" valign="bottom" width="55">80</td> <td nowrap="nowrap" valign="bottom" width="48">185,000</td> <td nowrap="nowrap" valign="bottom" width="49">5</td> <td nowrap="nowrap" valign="bottom" width="48">213,005</td> </tr> <tr class="evenHere"> <td class="city">Surprise</td> <td nowrap="nowrap" valign="bottom" width="41">665</td> <td nowrap="nowrap" valign="bottom" width="49">140,000</td> <td nowrap="nowrap" valign="bottom" width="55">415</td> <td nowrap="nowrap" valign="bottom" width="48">133,840</td> <td nowrap="nowrap" valign="bottom" width="49">250</td> <td nowrap="nowrap" valign="bottom" width="48">164,365</td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="41"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="41">11,820</td> <td nowrap="nowrap" valign="bottom" width="49">$140,000</td> <td nowrap="nowrap" valign="bottom" width="55">7,760</td> <td nowrap="nowrap" valign="bottom" width="48">$134,000</td> <td nowrap="nowrap" valign="bottom" width="49">4,060</td> <td nowrap="nowrap" valign="bottom" width="48">$154,000</td> </tr> </tbody> </table> <table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> July 2009 -- SINGLE-FAMILY RESALE HOMES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city"><div align="left">Phoenix </div></td> <td nowrap="nowrap" valign="bottom" width="41">3,755</td> <td nowrap="nowrap" valign="bottom" width="49">$105,000</td> <td nowrap="nowrap" valign="bottom" width="55">2,345</td> <td nowrap="nowrap" valign="bottom" width="48">$ 94,000</td> <td nowrap="nowrap" valign="bottom" width="49">1,410</td> <td nowrap="nowrap" valign="bottom" width="48">$171,300</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Scottsdale</div></td> <td nowrap="nowrap" valign="bottom" width="41">535</td> <td nowrap="nowrap" valign="bottom" width="49">370,000</td> <td nowrap="nowrap" valign="bottom" width="55">400</td> <td nowrap="nowrap" valign="bottom" width="48">389,900</td> <td nowrap="nowrap" valign="bottom" width="49">135</td> <td nowrap="nowrap" valign="bottom" width="48">320,500</td> </tr> <tr> <td class="city"><div align="left">Chandler</div></td> <td nowrap="nowrap" valign="bottom" width="41">645</td> <td nowrap="nowrap" valign="bottom" width="49">185,100</td> <td nowrap="nowrap" valign="bottom" width="55">440</td> <td nowrap="nowrap" valign="bottom" width="48">195,000</td> <td nowrap="nowrap" valign="bottom" width="49">205</td> <td nowrap="nowrap" valign="bottom" width="48">172,370</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Gilbert</div></td> <td nowrap="nowrap" valign="bottom" width="41">645</td> <td nowrap="nowrap" valign="bottom" width="49">199,000</td> <td nowrap="nowrap" valign="bottom" width="55">440</td> <td nowrap="nowrap" valign="bottom" width="48">199,000</td> <td nowrap="nowrap" valign="bottom" width="49">205</td> <td nowrap="nowrap" valign="bottom" width="48">198,000</td> </tr> <tr> <td class="city"><div align="left">Mesa</div></td> <td nowrap="nowrap" valign="bottom" width="41">1,135</td> <td nowrap="nowrap" valign="bottom" width="49">130,000</td> <td nowrap="nowrap" valign="bottom" width="55">730</td> <td nowrap="nowrap" valign="bottom" width="48">127,000</td> <td nowrap="nowrap" valign="bottom" width="49">405</td> <td nowrap="nowrap" valign="bottom" width="48">136,000</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Tempe</div></td> <td nowrap="nowrap" valign="bottom" width="41">190</td> <td nowrap="nowrap" valign="bottom" width="49">200,000</td> <td nowrap="nowrap" valign="bottom" width="55">135</td> <td nowrap="nowrap" valign="bottom" width="48">208,700</td> <td nowrap="nowrap" valign="bottom" width="49">55</td> <td nowrap="nowrap" valign="bottom" width="48">185,685</td> </tr> <tr> <td class="city"><div align="left">Avondale</div></td> <td nowrap="nowrap" valign="bottom" width="41">410</td> <td nowrap="nowrap" valign="bottom" width="49">109,600</td> <td nowrap="nowrap" valign="bottom" width="55">245</td> <td nowrap="nowrap" valign="bottom" width="48">110,000</td> <td nowrap="nowrap" valign="bottom" width="49">165</td> <td nowrap="nowrap" valign="bottom" width="48">106,950</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">El Mirage </div></td> <td nowrap="nowrap" valign="bottom" width="41">210</td> <td nowrap="nowrap" valign="bottom" width="49">75,000</td> <td nowrap="nowrap" valign="bottom" width="55">125</td> <td nowrap="nowrap" valign="bottom" width="48">70,000</td> <td nowrap="nowrap" valign="bottom" width="49">85</td> <td nowrap="nowrap" valign="bottom" width="48">94,205</td> </tr> <tr> <td class="city"><div align="left">Glendale</div></td> <td nowrap="nowrap" valign="bottom" width="41">855</td> <td nowrap="nowrap" valign="bottom" width="49">119,000</td> <td nowrap="nowrap" valign="bottom" width="55">520</td> <td nowrap="nowrap" valign="bottom" width="48">110,000</td> <td nowrap="nowrap" valign="bottom" width="49">335</td> <td nowrap="nowrap" valign="bottom" width="48">130,555</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Goodyear</div></td> <td nowrap="nowrap" valign="bottom" width="41">360</td> <td nowrap="nowrap" valign="bottom" width="49">145,290</td> <td nowrap="nowrap" valign="bottom" width="55">210</td> <td nowrap="nowrap" valign="bottom" width="48">130,000</td> <td nowrap="nowrap" valign="bottom" width="49">150</td> <td nowrap="nowrap" valign="bottom" width="48">163,620</td> </tr> <tr> <td class="city"><div align="left">Peoria</div></td> <td nowrap="nowrap" valign="bottom" width="41">515</td> <td nowrap="nowrap" valign="bottom" width="49">165,000</td> <td nowrap="nowrap" valign="bottom" width="55">330</td> <td nowrap="nowrap" valign="bottom" width="48">161,750</td> <td nowrap="nowrap" valign="bottom" width="49">185</td> <td nowrap="nowrap" valign="bottom" width="48">171,300</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Sun City</div></td> <td nowrap="nowrap" valign="bottom" width="41">80</td> <td nowrap="nowrap" valign="bottom" width="49">135,000</td> <td nowrap="nowrap" valign="bottom" width="55">55</td> <td nowrap="nowrap" valign="bottom" width="48">135,000</td> <td nowrap="nowrap" valign="bottom" width="49">25</td> <td nowrap="nowrap" valign="bottom" width="48">148,630</td> </tr> <tr> <td class="city"><div align="left">Sun City West</div></td> <td nowrap="nowrap" valign="bottom" width="41">75</td> <td nowrap="nowrap" valign="bottom" width="49">182,000</td> <td nowrap="nowrap" valign="bottom" width="55">65</td> <td nowrap="nowrap" valign="bottom" width="48">182,000</td> <td nowrap="nowrap" valign="bottom" width="49">10</td> <td nowrap="nowrap" valign="bottom" width="48">171,875</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Surprise</div></td> <td nowrap="nowrap" valign="bottom" width="41">680</td> <td nowrap="nowrap" valign="bottom" width="49">139,800</td> <td nowrap="nowrap" valign="bottom" width="55">415</td> <td nowrap="nowrap" valign="bottom" width="48">138,010</td> <td nowrap="nowrap" valign="bottom" width="49">260</td> <td nowrap="nowrap" valign="bottom" width="48">144,500</td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="41"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="41">11,500</td> <td nowrap="nowrap" valign="bottom" width="49">$140,000</td> <td nowrap="nowrap" valign="bottom" width="55">7,300</td> <td nowrap="nowrap" valign="bottom" width="48">$135,500</td> <td nowrap="nowrap" valign="bottom" width="49">4,200</td> <td nowrap="nowrap" valign="bottom" width="48">$148,045</td> </tr> </tbody> </table> <p> </p><separator></separator><table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> July 2008 -- TOWNHOUSE-CONDOMINUM RESALES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city">Phoenix </td> <td nowrap="nowrap" valign="bottom" width="36">305</td> <td nowrap="nowrap" valign="bottom" width="49">$138,600</td> <td nowrap="nowrap" valign="bottom" width="55">175</td> <td nowrap="nowrap" valign="bottom" width="49">$150,000</td> <td nowrap="nowrap" valign="bottom" width="51">105</td> <td nowrap="nowrap" valign="bottom" width="48">$120,700</td> </tr> <tr class="evenHere"> <td class="city">Scottsdale</td> <td nowrap="nowrap" valign="bottom" width="36">190</td> <td nowrap="nowrap" valign="bottom" width="49">230,000</td> <td nowrap="nowrap" valign="bottom" width="55">160</td> <td nowrap="nowrap" valign="bottom" width="49">229,000</td> <td nowrap="nowrap" valign="bottom" width="51">30</td> <td nowrap="nowrap" valign="bottom" width="48">249,475</td> </tr> <tr> <td class="city">Chandler</td> <td nowrap="nowrap" valign="bottom" width="36">45</td> <td nowrap="nowrap" valign="bottom" width="49">142,950</td> <td nowrap="nowrap" valign="bottom" width="55">30</td> <td nowrap="nowrap" valign="bottom" width="49">155,000</td> <td nowrap="nowrap" valign="bottom" width="51">15</td> <td nowrap="nowrap" valign="bottom" width="48">125,000</td> </tr> <tr class="evenHere"> <td class="city">Gilbert</td> <td nowrap="nowrap" valign="bottom" width="36">15</td> <td nowrap="nowrap" valign="bottom" width="49">158,250</td> <td nowrap="nowrap" valign="bottom" width="55">10</td> <td nowrap="nowrap" valign="bottom" width="49">164,750</td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48">128,290</td> </tr> <tr> <td class="city">Mesa</td> <td nowrap="nowrap" valign="bottom" width="36">105</td> <td nowrap="nowrap" valign="bottom" width="49">127,500</td> <td nowrap="nowrap" valign="bottom" width="55">70</td> <td nowrap="nowrap" valign="bottom" width="49">131,500</td> <td nowrap="nowrap" valign="bottom" width="51">25</td> <td nowrap="nowrap" valign="bottom" width="48">102,815</td> </tr> <tr class="evenHere"> <td class="city">Tempe</td> <td nowrap="nowrap" valign="bottom" width="36">55</td> <td nowrap="nowrap" valign="bottom" width="49">153,000</td> <td nowrap="nowrap" valign="bottom" width="55">45</td> <td nowrap="nowrap" valign="bottom" width="49">155,000</td> <td nowrap="nowrap" valign="bottom" width="51">10</td> <td nowrap="nowrap" valign="bottom" width="48">122,240</td> </tr> <tr> <td class="city">Avondale</td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city">El Mirage </td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">Glendale</td> <td nowrap="nowrap" valign="bottom" width="36">35</td> <td nowrap="nowrap" valign="bottom" width="49">108,550</td> <td nowrap="nowrap" valign="bottom" width="55">15</td> <td nowrap="nowrap" valign="bottom" width="49">114,900</td> <td nowrap="nowrap" valign="bottom" width="51">20</td> <td nowrap="nowrap" valign="bottom" width="48">101,000</td> </tr> <tr class="evenHere"> <td class="city">Goodyear</td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">Peoria</td> <td nowrap="nowrap" valign="bottom" width="36">15</td> <td nowrap="nowrap" valign="bottom" width="49">112,500</td> <td nowrap="nowrap" valign="bottom" width="55">5</td> <td nowrap="nowrap" valign="bottom" width="49">114,070</td> <td nowrap="nowrap" valign="bottom" width="51">5</td> <td nowrap="nowrap" valign="bottom" width="48">112,500</td> </tr> <tr class="evenHere"> <td class="city">Sun City</td> <td nowrap="nowrap" valign="bottom" width="36">40</td> <td nowrap="nowrap" valign="bottom" width="49">109,000</td> <td nowrap="nowrap" valign="bottom" width="55">35</td> <td nowrap="nowrap" valign="bottom" width="49">109,450</td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48">86,250</td> </tr> <tr> <td class="city">Sun City West</td> <td nowrap="nowrap" valign="bottom" width="36">10</td> <td nowrap="nowrap" valign="bottom" width="49">124,000</td> <td nowrap="nowrap" valign="bottom" width="55">10</td> <td nowrap="nowrap" valign="bottom" width="49">124,000</td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city">Surprise</td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="36">870</td> <td nowrap="nowrap" valign="bottom" width="49">$147,200</td> <td nowrap="nowrap" valign="bottom" width="55">590</td> <td nowrap="nowrap" valign="bottom" width="49">$160,000</td> <td nowrap="nowrap" valign="bottom" width="51">230</td> <td nowrap="nowrap" valign="bottom" width="48">$125,800</td> </tr> </tbody> </table> <br /><table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> June 2009 -- TOWNHOUSE-CONDOMINUM RESALES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city">Phoenix </td> <td nowrap="nowrap" valign="bottom" width="36">540</td> <td nowrap="nowrap" valign="bottom" width="49">$ 99,060</td> <td nowrap="nowrap" valign="bottom" width="55">300</td> <td nowrap="nowrap" valign="bottom" width="49">$ 84,950</td> <td nowrap="nowrap" valign="bottom" width="51">240</td> <td nowrap="nowrap" valign="bottom" width="48">$110,010</td> </tr> <tr class="evenHere"> <td class="city">Scottsdale</td> <td nowrap="nowrap" valign="bottom" width="36">285</td> <td nowrap="nowrap" valign="bottom" width="49">158,000</td> <td nowrap="nowrap" valign="bottom" width="55">195</td> <td nowrap="nowrap" valign="bottom" width="49">170,000</td> <td nowrap="nowrap" valign="bottom" width="51">90</td> <td nowrap="nowrap" valign="bottom" width="48">139,085</td> </tr> <tr> <td class="city">Chandler</td> <td nowrap="nowrap" valign="bottom" width="36">50</td> <td nowrap="nowrap" valign="bottom" width="49">83,950</td> <td nowrap="nowrap" valign="bottom" width="55">30</td> <td nowrap="nowrap" valign="bottom" width="49">81,500</td> <td nowrap="nowrap" valign="bottom" width="51">20</td> <td nowrap="nowrap" valign="bottom" width="48">119,995</td> </tr> <tr class="evenHere"> <td class="city">Gilbert</td> <td nowrap="nowrap" valign="bottom" width="36">30</td> <td nowrap="nowrap" valign="bottom" width="49">122,700</td> <td nowrap="nowrap" valign="bottom" width="55">20</td> <td nowrap="nowrap" valign="bottom" width="49">117,700</td> <td nowrap="nowrap" valign="bottom" width="51">10</td> <td nowrap="nowrap" valign="bottom" width="48">142,870</td> </tr> <tr> <td class="city">Mesa</td> <td nowrap="nowrap" valign="bottom" width="36">140</td> <td nowrap="nowrap" valign="bottom" width="49">80,000</td> <td nowrap="nowrap" valign="bottom" width="55">85</td> <td nowrap="nowrap" valign="bottom" width="49">66,000</td> <td nowrap="nowrap" valign="bottom" width="51">55</td> <td nowrap="nowrap" valign="bottom" width="48">103,315</td> </tr> <tr class="evenHere"> <td class="city">Tempe</td> <td nowrap="nowrap" valign="bottom" width="36">55</td> <td nowrap="nowrap" valign="bottom" width="49">110,500</td> <td nowrap="nowrap" valign="bottom" width="55">35</td> <td nowrap="nowrap" valign="bottom" width="49">110,000</td> <td nowrap="nowrap" valign="bottom" width="51">20</td> <td nowrap="nowrap" valign="bottom" width="48">121,505</td> </tr> <tr> <td class="city">Avondale</td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city">El Mirage </td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">Glendale</td> <td nowrap="nowrap" valign="bottom" width="36">80</td> <td nowrap="nowrap" valign="bottom" width="49">55,850</td> <td nowrap="nowrap" valign="bottom" width="55">45</td> <td nowrap="nowrap" valign="bottom" width="49">43,000</td> <td nowrap="nowrap" valign="bottom" width="51">35</td> <td nowrap="nowrap" valign="bottom" width="48">84,920</td> </tr> <tr class="evenHere"> <td class="city">Goodyear</td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">Peoria</td> <td nowrap="nowrap" valign="bottom" width="36">25</td> <td nowrap="nowrap" valign="bottom" width="49">97,000</td> <td nowrap="nowrap" valign="bottom" width="55">20</td> <td nowrap="nowrap" valign="bottom" width="49">120,500</td> <td nowrap="nowrap" valign="bottom" width="51">5</td> <td nowrap="nowrap" valign="bottom" width="48">58,045</td> </tr> <tr class="evenHere"> <td class="city">Sun City</td> <td nowrap="nowrap" valign="bottom" width="36">55</td> <td nowrap="nowrap" valign="bottom" width="49">89,500</td> <td nowrap="nowrap" valign="bottom" width="55">50</td> <td nowrap="nowrap" valign="bottom" width="49">90,000</td> <td nowrap="nowrap" valign="bottom" width="51">5</td> <td nowrap="nowrap" valign="bottom" width="48">74,590</td> </tr> <tr> <td class="city">Sun City West</td> <td nowrap="nowrap" valign="bottom" width="36">15</td> <td nowrap="nowrap" valign="bottom" width="49">133,950</td> <td nowrap="nowrap" valign="bottom" width="55">15</td> <td nowrap="nowrap" valign="bottom" width="49">133,950</td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city">Surprise</td> <td nowrap="nowrap" valign="bottom" width="36">10</td> <td nowrap="nowrap" valign="bottom" width="49">101,000</td> <td nowrap="nowrap" valign="bottom" width="55">5</td> <td nowrap="nowrap" valign="bottom" width="49">112,500</td> <td nowrap="nowrap" valign="bottom" width="51">5</td> <td nowrap="nowrap" valign="bottom" width="48">47,820</td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="36">1,390</td> <td nowrap="nowrap" valign="bottom" width="49">$110,000</td> <td nowrap="nowrap" valign="bottom" width="55">880</td> <td nowrap="nowrap" valign="bottom" width="49">$107,000</td> <td nowrap="nowrap" valign="bottom" width="51">510</td> <td nowrap="nowrap" valign="bottom" width="48">$112,100</td> </tr> </tbody> </table> <table class="dataTable" align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <th colspan="7" valign="center"> July 2009 -- TOWNHOUSE-CONDOMINUM RESALES</th> </tr> <tr> <th valign="center">Selected Cities</th> <th>Total </th> <th>Median Price</th> <th>Traditional Sales</th> <th>Median Price</th> <th>Foreclosed Sales</th> <th>Median Price</th> </tr> <tr> <td class="city"><div align="left">Phoenix </div></td> <td nowrap="nowrap" valign="bottom" width="36">680</td> <td nowrap="nowrap" valign="bottom" width="49">$ 95,000</td> <td nowrap="nowrap" valign="bottom" width="55">400</td> <td nowrap="nowrap" valign="bottom" width="49">$ 93,750</td> <td nowrap="nowrap" valign="bottom" width="51">280</td> <td nowrap="nowrap" valign="bottom" width="48">$104,935</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Scottsdale</div></td> <td nowrap="nowrap" valign="bottom" width="36">300</td> <td nowrap="nowrap" valign="bottom" width="49">160,000</td> <td nowrap="nowrap" valign="bottom" width="55">200</td> <td nowrap="nowrap" valign="bottom" width="49">170,000</td> <td nowrap="nowrap" valign="bottom" width="51">100</td> <td nowrap="nowrap" valign="bottom" width="48">149,563</td> </tr> <tr> <td class="city"><div align="left">Chandler</div></td> <td nowrap="nowrap" valign="bottom" width="36">55</td> <td nowrap="nowrap" valign="bottom" width="49">103,000</td> <td nowrap="nowrap" valign="bottom" width="55">35</td> <td nowrap="nowrap" valign="bottom" width="49">101,000</td> <td nowrap="nowrap" valign="bottom" width="51">20</td> <td nowrap="nowrap" valign="bottom" width="48">131,200</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Gilbert</div></td> <td nowrap="nowrap" valign="bottom" width="36">25</td> <td nowrap="nowrap" valign="bottom" width="49">135,000</td> <td nowrap="nowrap" valign="bottom" width="55">15</td> <td nowrap="nowrap" valign="bottom" width="49">125,000</td> <td nowrap="nowrap" valign="bottom" width="51">10</td> <td nowrap="nowrap" valign="bottom" width="48">141,700</td> </tr> <tr> <td class="city"><div align="left">Mesa</div></td> <td nowrap="nowrap" valign="bottom" width="36">120</td> <td nowrap="nowrap" valign="bottom" width="49">75,335</td> <td nowrap="nowrap" valign="bottom" width="55">70</td> <td nowrap="nowrap" valign="bottom" width="49">69,785</td> <td nowrap="nowrap" valign="bottom" width="51">50</td> <td nowrap="nowrap" valign="bottom" width="48">77,825</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Tempe</div></td> <td nowrap="nowrap" valign="bottom" width="36">70</td> <td nowrap="nowrap" valign="bottom" width="49">121,400</td> <td nowrap="nowrap" valign="bottom" width="55">55</td> <td nowrap="nowrap" valign="bottom" width="49">119,930</td> <td nowrap="nowrap" valign="bottom" width="51">15</td> <td nowrap="nowrap" valign="bottom" width="48">135,000</td> </tr> <tr> <td class="city"><div align="left">Avondale</div></td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city"><div align="left">El Mirage </div></td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city"><div align="left">Glendale</div></td> <td nowrap="nowrap" valign="bottom" width="36">70</td> <td nowrap="nowrap" valign="bottom" width="49">56,140</td> <td nowrap="nowrap" valign="bottom" width="55">40</td> <td nowrap="nowrap" valign="bottom" width="49">43,505</td> <td nowrap="nowrap" valign="bottom" width="51">30</td> <td nowrap="nowrap" valign="bottom" width="48">67,610</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Goodyear</div></td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city"><div align="left">Peoria</div></td> <td nowrap="nowrap" valign="bottom" width="36">35</td> <td nowrap="nowrap" valign="bottom" width="49">84,140</td> <td nowrap="nowrap" valign="bottom" width="55">25</td> <td nowrap="nowrap" valign="bottom" width="49">69,500</td> <td nowrap="nowrap" valign="bottom" width="51">15</td> <td nowrap="nowrap" valign="bottom" width="48">108,485</td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Sun City</div></td> <td nowrap="nowrap" valign="bottom" width="36">45</td> <td nowrap="nowrap" valign="bottom" width="49">83,000</td> <td nowrap="nowrap" valign="bottom" width="55">35</td> <td nowrap="nowrap" valign="bottom" width="49">81,250</td> <td nowrap="nowrap" valign="bottom" width="51">10</td> <td nowrap="nowrap" valign="bottom" width="48">94,950</td> </tr> <tr> <td class="city"><div align="left">Sun City West</div></td> <td nowrap="nowrap" valign="bottom" width="36">10</td> <td nowrap="nowrap" valign="bottom" width="49">102,670</td> <td nowrap="nowrap" valign="bottom" width="55">10</td> <td nowrap="nowrap" valign="bottom" width="49">102,670</td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr class="evenHere"> <td class="city"><div align="left">Surprise</div></td> <td nowrap="nowrap" valign="bottom" width="36">10</td> <td nowrap="nowrap" valign="bottom" width="49">114,900</td> <td nowrap="nowrap" valign="bottom" width="55">5</td> <td nowrap="nowrap" valign="bottom" width="49">101,750</td> <td nowrap="nowrap" valign="bottom" width="51">5</td> <td nowrap="nowrap" valign="bottom" width="48">165,530</td> </tr> <tr> <td class="city"> </td> <td nowrap="nowrap" valign="bottom" width="36"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="55"> </td> <td nowrap="nowrap" valign="bottom" width="49"> </td> <td nowrap="nowrap" valign="bottom" width="51"> </td> <td nowrap="nowrap" valign="bottom" width="48"> </td> </tr> <tr> <td class="city">County</td> <td nowrap="nowrap" valign="bottom" width="36">1,475</td> <td nowrap="nowrap" valign="bottom" width="49">$107,535</td> <td nowrap="nowrap" valign="bottom" width="55">920</td> <td nowrap="nowrap" valign="bottom" width="49">$106,500</td> <td nowrap="nowrap" valign="bottom" width="51">555</td> <td nowrap="nowrap" valign="bottom" width="48">$109,545</td> </tr> </tbody> </table> <hr /> <p>Realty Studies is associated with the Morrison School of Management and Agribusiness at Arizona State University’s Polytechnic campus. Realty Studies collects and analyzes data concerning real estate in the greater Phoenix metropolitan area. Realty Studies is a comprehensive and objective source of real estate information for private, public and governmental agencies. Its director, Dr. Jay Q. Butler, may be reached at (480) 727-1300 or e-mail him at <a href="mailto:Jay.Butler@asu.edu">Jay.Butler@asu.edu</a>. Visit <a href="http://realty.wpcarey.asu.edu">http://realty.wpcarey.asu.edu</a> for more information.</p><separator></separator><p>Jay Butler, <a href="mailto:Jay.Butler@asu.edu">Jay.Butler@asu.edu</a> <br /> (480) 727-1300</p><separator></separator><div class="contrib_contact"> </div> <p>Chris Lambrakis, <a href="mailto:lambrakis@asu.edu">lambrakis@asu.edu</a> <br /> (480) 727-1173 <br /> Public Affairs at ASU Polytechnic campus</p>

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