Download - 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
+
==
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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+
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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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Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewSCOTTSDALE,
Monday March 12, 2012
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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Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewSCOTTSDALE,
Monday March 12, 2012
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.
90-day Average7-day Average
Inventory of Properties Listed for Sale
Inventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
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Single Family Hom
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Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewSCOTTSDALE,
Monday March 12, 2012
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.
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 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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Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewSCOTTSDALE,
Monday March 12, 2012
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.
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
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Single Family Hom
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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.
Monday March 12, 2012
Kelli Grant Group | www.PhoenixHomeResource.com
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+
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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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Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailSCOTTSDALE,
852
Monday March 12, 2012
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailSCOTTSDALE,
852
Monday March 12, 2012
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.
90-day Average7-day Average
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.
90-day Average7-day Average
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Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailSCOTTSDALE,
852
Monday March 12, 2012
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.
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 BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
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Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailSCOTTSDALE,
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.
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
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Single Family Hom