05 07 12 Exec Summary [Sf] Az Phoenix
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20 74 3205 108 2.0 26 3.0 89 103 3.0 740 101 104 123 1.0 - 2.5 acres 40 $ 125,000 76 57 740 3.0 0.50 - 1.0 acre 112 2.0 1320 not available 739 $ 59,900 3.0 164 2.5 - 5.0 acres $ 234,900 4.0 $ 500,000 18 118 2117 Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift. Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing. The Market Action Index has been climbing lately while days-on- market are trending down, these point to a positive near-term outlook for the market. PHOENIX, AZ Kelli Grant Realty Group Market Report Executive Summary 739 1589 2.0 Monday May 7, 2012 The median list price in PHOENIX, AZ this week is $169,900. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. 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 DOM Sq. Ft. Kelli Grant Group | www.PhoenixHomeResource.com No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠ = Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC Single Family Homes Median Lot Size 26.4 Percent Relisted (reset DOM) 1868 2.0 7 % Median Number of Bathrooms 119 Median List Price Average Days on Market (DOM) $ 91 Percent Flip (price increased) 2.5 - 5.0 acres Median House Size (sq ft) $ 169,900 22 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot n/a Percent of Properties with Price Decrease Buyer's Advantage ±+ ±+ ≠≠ == Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 7-Day R olling Average 90-Day R olling Average Buyer/Seller Cutoff 7-Day Rolling Average 90-Day Rolling Average
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20 743205
1082.0 26
3.0
89
103
3.0 740
101
104
123
1.0 - 2.5acres
40
$ 125,000
76
57
740
3.0
0.50 - 1.0acre
1122.0
1320 not available
739
$ 59,900
3.0
164
2.5 - 5.0acres$ 234,900
4.0$ 500,000
18
118
2117
Despite this week's up tic, the market seems to have pausedaround this plateau. The Market Action Index is a good leadindicator for the durability of this shift.
Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-termoutlook for the market.
PHOENIX, AZKelli Grant RealtyGroup Market ReportExecutive Summary
739
1589
2.0
Monday May 7, 2012
The median list price in PHOENIX, AZ this week is $169,900.
Investigate the market in quartwhere each quartile is 25% of hordered by price.
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.
Kelli Grant Group | www.PhoenixHomeResource.com
No change Strong upward trend Strong downward t
Slight upward trend Slight downward tr
±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Single Family Homes
Median Lot Size
26.4
Percent Relisted (reset DOM)
1868
2.0
7 %
Median Number of Bathrooms
119
Median List Price
Average Days on Market (DOM)
$ 91
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 169,900
22 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
±+
≠≠
==
ttom/Fourth
Lower/Third
pper/Second
Top/First
This Week
Supply and Demand
Real-Time Market Profile Tren
Price
Price T
Market Action Index
The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.
QuartilesCharacteristics per Quartile
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
7-Day Rolling Average 90-Day Rolling Average
