03 12 Market Update [Sf] Az Scottsdale 85258

8/2/2019 03 12 Market Update [Sf] Az Scottsdale 85258

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MARKET UPDATEKelli Grant Realty Group

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand Value Metrics

Report for the week of

March 12, 2012

Presented by Kelli Grant Group Moving People Through Good DeedsPlatinum Premier [email protected](623) 239-4402

SCOTTSDALE, 852

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC


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Median List Price

Median Lot Size

17.5

Percent Relisted (reset DOM)

3318

3.0

4 %

Median Number of Bathrooms

190

Inventory of Properties Listed

$ 207

Percent Flip (price increased)

2.5 - 5.0 acres

Median House Size (sq ft)

$ 669,900

35 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

+

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

9 225590

1553.0 17

3.0

51

217

4.0 516

115

22

42

1.0 - 2.5acres

28

$ 500,000

56

20

516

5.0

20+ acres

253.5

19382.5 - 5.0

acres

515

$ 286,750

4.0

274

5.0 - 10acres$ 845,000

4.0$ 1,995,000

14

82

3741

The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.

Monday March 12, 2012

Kelli Grant Group | www.PhoenixHomeResource.com

515

2807

2.0

The median list price in SCOTTSDALE,AZ this week is $669,900. The 2062

properties have been on the marketfor an average of 190 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

SCOTTSDALE,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

2062

$ 24,500,000

$ 50,000

$ 1,042,354

19

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Home


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City OverviewSCOTTSDALE,


Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.

90-day Average7-day Average

Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Single Family Hom


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Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.


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Single Family Hom


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Market Action IndexThe SCOTTSDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.49. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Single Family Hom


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Days on MarketThe properties have been on the market for an average of 190 days. Half of the listings have come newly on the market in thepast 112 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom


7/11

Median List Price

Median Lot Size

14.9

Percent Relisted (reset DOM)

2434

2.0

4 %

Median Number of Bathrooms

150

Inventory of Properties Listed

$ 198

Percent Flip (price increased)

not available

Median House Size (sq ft)

$ 472,400

40 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

==

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

20 33522

1102.0 31

3.0

4

220

3.0 53

117

7

3

not available

30

$ 410,000

7

1

53

3.0

not available

32.0

1901 not available

53

$ 290,000

4.0

153

not available$ 569,900

4.0$ 850,000

27

4

2750

Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.



53

2166

2.0

The median list price in SCOTTSDALE,AZ 85258 this week is $472,400. The

212 properties have been on themarket for an average of 150 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

SCOTTSDALE,852

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

212

$ 2,850,000

$ 185,000

$ 585,650

27

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Home


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Neighborhood DetailSCOTTSDALE,

852


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


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852


Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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Single Family Hom


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852


Market Action IndexThe SCOTTSDALE, 85258 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 14.87. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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852

Monday March 12 2012

Days on MarketThe properties have been on the market for an average of 150 days. Half of the listings have come newly on the market in thepast 98 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom

03 12 Market Update [Sf] Az Scottsdale 85258

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