6/28/2010 combined market report
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4 16600
1614.0 14
4.0
9
181
4.0 91
163
3
7
1.0 - 2.5acres
16
$ 540,000
4
2
91
6.0
0.25 - 0.50acre
44.5
3354 0.25 - 0.50acre
91
$ 399,999
5.0
235
0.50 - 1.0acre$ 760,000
5.0$ 1,650,000
6
3
5030
Recently prices in this zip have settled at a plateau even thoughthey dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly movefrom these levels.
The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks.Watch the Market Action Index for changes as it can be a leadingindicator for price changes.
Inventory has been tightening and days-on-market increasingrecently. The Market Action Index has been basically flat, notproviding strong indication for market conditions.
SOUTHLAKE, TX 76092Tamara Keilberg'sExecutive Summary
91
4119
3.0
Monday June 28, 2010
The median list price in SOUTHLAKE, TX 76092 this week is$650,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
13.3
Percent Relisted (reset DOM)
4436
4.5
3 %
Median Number of Bathrooms
185
Median List Price
Average Days on Market (DOM)$ 146
Percent Flip (price increased)
0.50 - 1.0 acreMedian House Size (sq ft)
$ 650,000
41 %
5.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %Percent of Properties with Price Decrease
Strong Buyer's
±+
±+
==
±+
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
SOUTHLAKE, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
13.3
Percent Relisted (reset DOM)
4436
4.5
3 %
Median Number of Bathrooms
185
Inventory of Properties Listed
$ 146
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 650,000
41 %
5.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
≠≠
±+
±+
==
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
4 16600
1614.0 14
4.0
9
181
4.0 91
163
3
7
1.0 - 2.5acres
16
$ 540,000
4
2
91
6.0
0.25 - 0.50acre
44.5
3354 0.25 - 0.50acre
91
$ 399,999
5.0
235
0.50 - 1.0acre$ 760,000
5.0$ 1,650,000
6
3
5030
Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
91
4119
3.0
The median list price in SOUTHLAKE,TX this week is $650,000. The 364properties have been on the marketfor an average of 185 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±+
== ≠≠
≠=
SOUTHLAKE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
364
$ 5,595,000
$ 145,000
$ 896,487
11
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.
Page 2 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
Monday June 28, 2010
Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPrices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often thiscondition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is stillrelatively short. Buyers are focusing on the lowest price homes in the area.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
Monday June 28, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
Monday June 28, 2010
Market Action IndexThe SOUTHLAKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.28. 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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in thepast 98 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6
Single Family Homes in
6 06036
1493.5 16
4.0
1
207
4.0 76
109
3
6
0.50 - 1.0acre
25
$ 459,500
2
5
77
5.5
0.25 - 0.50acre
14.5
2887 0.25 - 0.50acre
76
$ 345,000
4.0
272
0.25 - 0.50acre$ 675,000
5.0$ 996,000
12
4
4774
We continue to see prices in this zip code hovering around thesecurrent levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index beforewe see prices move significantly from here.
The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.
The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.
COLLEYVILLE, TX 76034Tamara Keilberg'sExecutive Summary
76
3687
3.0
Monday June 28, 2010
The median list price in COLLEYVILLE, TX 76034 this week is$559,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
12.7
Percent Relisted (reset DOM)
4112
4.0
2 %
Median Number of Bathrooms
184
Median List Price
Average Days on Market (DOM)$ 133
Percent Flip (price increased)
0.50 - 1.0 acreMedian House Size (sq ft)
$ 559,000
47 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %Percent of Properties with Price Decrease
Strong Buyer's
±+
==
==
≠≠
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
COLLEYVILLE, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
12.7
Percent Relisted (reset DOM)
4112
4.0
2 %
Median Number of Bathrooms
184
Inventory of Properties Listed
$ 133
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 559,000
47 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
12 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
==
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
6 06036
1493.5 16
4.0
1
207
4.0 76
109
3
6
0.50 - 1.0acre
25
$ 459,500
2
5
77
5.5
0.25 - 0.50acre
14.5
2887 0.25 - 0.50acre
76
$ 345,000
4.0
272
0.25 - 0.50acre$ 675,000
5.0$ 996,000
12
4
4774
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
76
3687
3.0
The median list price in COLLEYVILLE,TX this week is $559,000. The 305properties have been on the marketfor an average of 184 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±+
== ≠≠
≠=
COLLEYVILLE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
305
$ 8,950,000
$ 159,850
$ 740,648
15
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Page 2 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
Monday June 28, 2010
Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
Monday June 28, 2010
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
Monday June 28, 2010
Market Action IndexThe COLLEYVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 12.70. 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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in thepast 98 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6
Single Family Homes in
5 35697
1272.5 14
3.0
8
178
4.0 86
107
3
4
0.50 - 1.0acre
8
$ 267,450
4
8
87
5.5
0.25 - 0.50acre
53.8
2000 4,501 -6,500 sqft
86
$ 147,900
4.0
271
0.25 - 0.50acre$ 462,400
5.0$ 1,310,000
5
9
4010
This week prices in this zip code bumped up a bit but the trendof recent weeks is generally downward. Keep an eye on theMarket Action Index for a leading indicator of the duration ofthis downtrend.
Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.
Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies someincreased demand will temper the negative trends.
ROANOKE, TX 76262 -Tamara Keilberg'sExecutive Summary
86
2816
2.0
Monday June 28, 2010
The median list price in ROANOKE, TX 76262 - Westlake this weekis $365,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
15.1
Percent Relisted (reset DOM)
3228
3.5
6 %
Median Number of Bathrooms
171
Median List Price
Average Days on Market (DOM)$ 110
Percent Flip (price increased)
0.25 - 0.50 acreMedian House Size (sq ft)
$ 365,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %Percent of Properties with Price Decrease
Strong Buyer's
≠≠
±+
==
==
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
ROANOKE, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
15.1
Percent Relisted (reset DOM)
3228
3.5
6 %
Median Number of Bathrooms
171
Inventory of Properties Listed
$ 110
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 365,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
≠≠
±+
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
5 35697
1272.5 14
3.0
8
178
4.0 86
107
3
4
0.50 - 1.0acre
8
$ 267,450
4
8
87
5.5
0.25 - 0.50acre
53.8
2000 4,501 -6,500 sqft
86
$ 147,900
4.0
271
0.25 - 0.50acre$ 462,400
5.0$ 1,310,000
5
9
4010
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
86
2816
2.0
The median list price in ROANOKE, TXthis week is $365,000. The 345properties have been on the marketfor an average of 171 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±+
== ≠≠
≠=
ROANOKE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
345
$ 9,000,000
$ 79,900
$ 687,247
11
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.
Page 2 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
Monday June 28, 2010
Median PriceThis week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a goodleading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesPrices have generally settled at a plateau, although Quartile 2 has been trending a bit downward in recent weeks. We'll need tosee a persistent shift in the Market Action Index before we see prices across the board move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
Monday June 28, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
Monday June 28, 2010
Market Action IndexThe ROANOKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.09. 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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 171 days. Half of the listings have come newly on the market in thepast 98 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6
Single Family Homes in
6 104262
1443.0 12
4.0
9
138
4.0 108
138
10
7
0.25 - 0.50acre
14
$ 264,745
11
7
108
4.0
8,001 -10,000 sqft
73.5
2182 6,501 -8,000 sqft
107
$ 169,900
4.0
143
0.25 - 0.50acre$ 349,900
4.0$ 524,000
10
10
3447
We continue to see prices in this zip code hovering around theirhigh point. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.
The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks.Watch the Market Action Index for changes as it can be a leadingindicator for price changes.
Days-on-market has been trending up recently but the MarketAction Index and inventory levels are basically flat and notproviding strong indications for the market.
KELLER, TX 76248Tamara Keilberg'sExecutive Summary
107
2900
2.0
Monday June 28, 2010
The median list price in KELLER, TX 76248 this week is $299,900.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
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Single Family Homes
Median Lot Size
16.0
Percent Relisted (reset DOM)
3184
3.0
3 %
Median Number of Bathrooms
140
Median List Price
Average Days on Market (DOM)$ 99
Percent Flip (price increased)
0.25 - 0.50 acreMedian House Size (sq ft)
$ 299,900
49 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %Percent of Properties with Price Decrease
Strong Buyer's
±+
==
==
±+
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 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
4 73278
812.0 5
3.0
8
94
3.0 165
81
12
12
8,001 -10,000 sqft
6
$ 159,000
22
12
166
3.0
4,501 -6,500 sqft
122.5
1842 4,501 -6,500 sqft
165
$ 134,450
4.0
92
4,501 -6,500 sqft$ 187,813
4.0$ 267,990
5
17
2549
Prices in this zip code have been on a downward trend recentlyand this week, while essentially flat, doesn't break us out of thatcycle.
Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.
Even though the days-on-market is trending higher, so is the MarketAction Index at these inventory levels, providing a neutral outlookfor the market.
KELLER, TX 76244Tamara Keilberg'sExecutive Summary
165
2162
2.0
Monday June 28, 2010
The median list price in KELLER, TX 76244 this week is $169,900.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
16.7
Percent Relisted (reset DOM)
2358
2.5
6 %
Median Number of Bathrooms
87
Median List Price
Average Days on Market (DOM)$ 76
Percent Flip (price increased)
4,501 - 6,500 sqftMedian House Size (sq ft)
$ 169,900
43 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %Percent of Properties with Price Decrease
Strong Buyer's
≠≠
±+
==
==
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
KELLER, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
16.4
Percent Relisted (reset DOM)
2628
2.5
5 %
Median Number of Bathrooms
109
Inventory of Properties Listed
$ 82
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 206,900
45 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
±+
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
7 213808
992.5 5
3.0
20
112
4.0 273
92
21
18
0.25 - 0.50acre
6
$ 173,000
28
22
273
3.5
4,501 -6,500 sqft
132.5
1860 4,501 -6,500 sqft
273
$ 138,000
4.0
132
8,001 -10,000 sqft$ 249,900
4.0$ 395,950
7
30
2893
Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
272
2365
2.0
The median list price in KELLER, TXthis week is $206,900. The 1091properties have been on the marketfor an average of 109 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±+
== ≠≠
≠=
KELLER, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
1091
$ 2,000,000
$ 69,900
$ 250,090
8
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
Page 2 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
Monday June 28, 2010
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
90-day Average7-day Average
Quartile PricesPrice weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
Monday June 28, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
Monday June 28, 2010
Market Action IndexThe KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 16.39. 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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 109 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 16
Single Family Homes in
Median List Price
Median Lot Size
16.0
Percent Relisted (reset DOM)
3184
3.0
3 %
Median Number of Bathrooms
140
Inventory of Properties Listed
$ 99
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 299,900
49 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
Percent of Properties with Price Decrease
Strong Buyer's
±+
±+
==
==
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
6 104262
1443.0 12
4.0
9
138
4.0 108
138
10
7
0.25 - 0.50acre
14
$ 264,745
11
7
108
4.0
8,001 -10,000 sqft
73.5
2182 6,501 -8,000 sqft
107
$ 169,900
4.0
143
0.25 - 0.50acre$ 349,900
4.0$ 524,000
10
10
3447
Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
107
2900
2.0
The median list price in KELLER, TX76248 this week is $299,900. The 430properties have been on the marketfor an average of 140 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±+
== ≠≠
≠=
KELLER, TX 76248Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
430
$ 2,000,000
$ 69,900
$ 340,723
12
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
Page 7 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
Monday June 28, 2010
Median PriceWe continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartiles 2 and4 are down, while Quartiles 1 and 3 are up in recent weeks. Watch for persistent shifts in the Market Action Index for a leadingindicator of stronger price moves in the market as a whole.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
Monday June 28, 2010
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
Monday June 28, 2010
Market Action IndexThe KELLER, 76248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.98. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 140 days. Half of the listings have come newly on the market in thepast 77 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 16
Single Family Homes in
Median List Price
Median Lot Size
16.7
Percent Relisted (reset DOM)
2358
2.5
6 %
Median Number of Bathrooms
87
Inventory of Properties Listed
$ 76
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 169,900
43 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
Percent of Properties with Price Decrease
Strong Buyer's
±+
≠≠
±+
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
4 73278
812.0 5
3.0
8
94
3.0 165
81
12
12
8,001 -10,000 sqft
6
$ 159,000
22
12
166
3.0
4,501 -6,500 sqft
122.5
1842 4,501 -6,500 sqft
165
$ 134,450
4.0
92
4,501 -6,500 sqft$ 187,813
4.0$ 267,990
5
17
2549
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
165
2162
2.0
The median list price in KELLER, TX76244 this week is $169,900. The 661properties have been on the marketfor an average of 87 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±+
== ≠≠
≠=
KELLER, TX 76244Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
661
$ 640,000
$ 77,500
$ 191,131
5
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Page 12 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
Monday June 28, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 has beentrending a bit downward in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see pricesacross the board move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
Monday June 28, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
Monday June 28, 2010
Market Action IndexThe KELLER, 76244 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.74. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 87 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 16
Single Family Homes in
5 13164
1092.0 42
3.0
2
60
3.0 34
98
0
2
8,001 -10,000 sqft
50
$ 120,425
2
4
34
3.0
8,001 -10,000 sqft
02.5
1432 8,001 -10,000 sqft
33
$ 90,000
4.0
199
8,001 -10,000 sqft$ 215,000
4.0$ 328,500
9
1
2377
We continue to see prices in this zip code bouncing around thisplateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.
The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.
NORTH RICHLAND HILLS,Tamara Keilberg'sExecutive Summary
33
1764
2.0
Monday June 28, 2010
The median list price in NORTH RICHLAND HILLS, TX 76180 thisweek is $149,900.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
16.9
Percent Relisted (reset DOM)
1964
2.0
3 %
Median Number of Bathrooms
116
Median List Price
Average Days on Market (DOM)$ 79
Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 149,900
43 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %Percent of Properties with Price Decrease
Strong Buyer's
±+
≠≠
==
≠≠
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
NORTH RICHLANDHILLS, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
17.2
Percent Relisted (reset DOM)
2217
2.0
4 %
Median Number of Bathrooms
105
Inventory of Properties Listed
$ 86
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 187,900
45 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
Percent of Properties with Price Decrease
Strong Buyer's
==
≠≠
≠≠
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
4 13832
902.0 26
3.0
9
101
3.0 80
78
6
3
0.25 - 0.50acre
38
$ 149,900
4
4
81
3.5
8,001 -10,000 sqft
72.5
1438 8,001 -10,000 sqft
80
$ 96,500
4.0
153
8,001 -10,000 sqft$ 239,950
4.0$ 399,700
10
2
2685
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
80
1838
2.0
The median list price in NORTHRICHLAND HILLS, TX this week is$187,900. The 321 properties havebeen on the market for an average of105 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±+
== ≠≠
≠=
NORTH RICHLANDHILLS, TX
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
321
$ 1,750,000
$ 53,000
$ 230,828
22
Trend Key:
The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.
Page 2 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
Monday June 28, 2010
Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
90-day Average7-day Average
Quartile PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
Monday June 28, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
Monday June 28, 2010
Market Action IndexThe NORTH RICHLAND HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.24. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 105 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 16
Single Family Homes in
Median List Price
Median Lot Size
17.2
Percent Relisted (reset DOM)
2389
2.5
4 %
Median Number of Bathrooms
97
Inventory of Properties Listed
$ 90
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 224,500
45 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
≠≠
≠≠
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
4 03981
912.0 20
3.0
6
108
3.0 47
56
3
1
0.25 - 0.50acre
32
$ 167,900
5
1
47
3.5
8,001 -10,000 sqft
72.5
1448 8,001 -10,000 sqft
47
$ 99,900
4.0
132
0.25 - 0.50acre$ 285,000
4.0$ 449,900
12
1
2865
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
46
2042
2.0
The median list price in NORTHRICHLAND HILLS, TX 76182 this weekis $224,500. The 187 properties havebeen on the market for an average of97 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±+
== ≠≠
≠=
NORTH RICHLANDHILLS, TX 76182
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
187
$ 1,750,000
$ 67,000
$ 259,807
17
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Page 7 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76182
Monday June 28, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76182
Monday June 28, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76182
Monday June 28, 2010
Market Action IndexThe NORTH RICHLAND HILLS, 76182 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 17.22. With several months of inventory available at the current sales rate, buyers should findample 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76182
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 16
Single Family Homes in
Median List Price
Median Lot Size
16.9
Percent Relisted (reset DOM)
1964
2.0
3 %
Median Number of Bathrooms
116
Inventory of Properties Listed
$ 79
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 149,900
43 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
≠≠
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
5 13164
1092.0 42
3.0
2
60
3.0 34
98
0
2
8,001 -10,000 sqft
50
$ 120,425
2
4
34
3.0
8,001 -10,000 sqft
02.5
1432 8,001 -10,000 sqft
33
$ 90,000
4.0
199
8,001 -10,000 sqft$ 215,000
4.0$ 328,500
9
1
2377
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
33
1764
2.0
The median list price in NORTHRICHLAND HILLS, TX 76180 this weekis $149,900. The 134 properties havebeen on the market for an average of116 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±+
== ≠≠
≠=
NORTH RICHLANDHILLS, TX 76180
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
134
$ 619,900
$ 53,000
$ 190,388
28
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
Page 12 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
Monday June 28, 2010
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices inthe upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
Monday June 28, 2010
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
Monday June 28, 2010
Market Action IndexThe NORTH RICHLAND HILLS, 76180 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 16.87. With several months of inventory available at the current sales rate, buyers should findample 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 116 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 16
Single Family Homes in
6 03577
1032.0 26
3.0
3
79
3.5 18
116
2
0
8,001 -10,000 sqft
38
$ 199,900
1
1
18
3.5
8,001 -10,000 sqft
02.5
1736 8,001 -10,000 sqft
18
$ 139,700
4.0
151
8,001 -10,000 sqft$ 239,910
4.0$ 359,900
12
1
2491
Again this week in this zip code we see a downward notch forprices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for apersistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
The market has been consistently cool for several weeks. Demandlevel are low relative to the available inventory. It's a Buyer'smarket and prices continue to fall. Look for a persistent shift inMarket Action before prices plateau or begin to rise again.
The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.
HURST, TX 76054Tamara Keilberg'sExecutive Summary
17
2132
2.0
Monday June 28, 2010
The median list price in HURST, TX 76054 this week is $215,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
17.6
Percent Relisted (reset DOM)
2319
2.5
3 %
Median Number of Bathrooms
112
Median List Price
Average Days on Market (DOM)$ 93
Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 215,000
52 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %Percent of Properties with Price Decrease
Strong Buyer's
≠≠
==
==
≠≠
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 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
MARKET UPDATETamara Keilberg's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJune 28, 2010
· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com817-485-1118
HURST, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
18.2
Percent Relisted (reset DOM)
1958
2.0
4 %
Median Number of Bathrooms
102
Inventory of Properties Listed
$ 84
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 157,000
47 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
≠≠
≠≠
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
10 02798
972.0 38
3.0
3
94
3.0 45
100
5
0
8,001 -10,000 sqft
51
$ 135,000
5
3
45
3.0
8,001 -10,000 sqft
12.0
1386 8,001 -10,000 sqft
45
$ 99,900
4.0
116
8,001 -10,000 sqft$ 175,000
4.0$ 269,900
20
1
2125
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
44
1676
2.0
The median list price in HURST, TXthis week is $157,000. The 179properties have been on the marketfor an average of 102 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±+
== ≠≠
≠=
HURST, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
179
$ 636,000
$ 48,000
$ 177,172
29
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
Page 2 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
Monday June 28, 2010
Median PriceThis week prices remained relatively flat. However the recent trends have us pulling back from the market's high points. TheMarket Action Index is a good leading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesPricing across most of the market has been relatively strong recently. While Quartile 4 is basically flat, all other segments are inan up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 4 will assume a similartrend with the other groups.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
Monday June 28, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
Monday June 28, 2010
Market Action IndexThe HURST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 18.23. 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
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 102 days. Half of the listings have come newly on the market in thepast 63 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 16
Single Family Homes in
Median List Price
Median Lot Size
17.6
Percent Relisted (reset DOM)
2319
2.5
3 %
Median Number of Bathrooms
112
Inventory of Properties Listed
$ 93
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 215,000
52 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
Percent of Properties with Price Decrease
Strong Buyer's
==
≠≠
==
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
6 03577
1032.0 26
3.0
3
79
3.5 18
116
2
0
8,001 -10,000 sqft
38
$ 199,900
1
1
18
3.5
8,001 -10,000 sqft
02.5
1736 8,001 -10,000 sqft
18
$ 139,700
4.0
151
8,001 -10,000 sqft$ 239,910
4.0$ 359,900
12
1
2491
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
17
2132
2.0
The median list price in HURST, TX76054 this week is $215,000. The 71properties have been on the marketfor an average of 112 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±+
== ≠≠
≠=
HURST, TX 76054Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
71
$ 636,000
$ 99,900
$ 240,890
22
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
Page 7 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
Monday June 28, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code lacking strong directional correlation lately. Quartiles 1 and 3 areup while Quartile 4 is down and Quartile 2 is basically flat in recent weeks. Watch for persistent shifts in the Market ActionIndex for a leading indicator of stronger price moves in the market as a whole.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
Monday June 28, 2010
Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
Monday June 28, 2010
Market Action IndexThe HURST, 76054 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.64. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 112 days. Half of the listings have come newly on the market in thepast 63 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 16
Single Family Homes in
Median List Price
Median Lot Size
18.2
Percent Relisted (reset DOM)
1729
2.0
5 %
Median Number of Bathrooms
95
Inventory of Properties Listed
$ 78
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 129,900
44 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
==
±+
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-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
7 12487
912.0 49
3.0
2
97
3.0 27
96
2
0
8,001 -10,000 sqft
52
$ 115,000
3
2
27
2.0
6,501 -8,000 sqft
02.0
1320 8,001 -10,000 sqft
27
$ 84,900
3.0
97
4,501 -6,500 sqft$ 142,500
4.0$ 184,900
9
0
1826
With inventory trending up but days-on-market and the Market ActionIndex essentially flat recently,conditions do not seem to have strongup or down pull.
Monday June 28, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
27
1529
2.0
The median list price in HURST, TX76053 this week is $129,900. The 108properties have been on the marketfor an average of 95 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±+
== ≠≠
≠=
HURST, TX 76053Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
108
$ 270,000
$ 48,000
$ 135,283
33
Trend Key:
In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics
Page 12 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
Monday June 28, 2010
Median PriceWe continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enoughto change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see pricessignificantly deviate from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices at the high-end of the market (Quartiles 1 and 2) showing strength. Quartiles 3and 4 are in a price decline in recent weeks. Typically this condition is temporary because price increases at the upper end ofthe market force buyers to consider the segments still in their price range. Watch the Market Action Index to determine whetherdemand in the lower-half of the market will begin to reverse the trend and push prices higher here too.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
Monday June 28, 2010
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory 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.
90-day Average7-day Average
Page 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
Monday June 28, 2010
Market Action IndexThe HURST, 76053 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 18.16. 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
Monday June 28, 2010
Days on MarketThe properties have been on the market for an average of 95 days. Half of the listings have come newly on the market in thepast 63 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 16
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