gilbert market report

GILBERT Solutions Real Estate Sunday January 11, 2009 market update THIS WEEK Median List Price Real-Time Market Profile Trend $ 249,000 143 Average Days on Market Asking Price per Square Foot $ 114 Percent of Properties with Price Decrease 57 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 3 % The median single family home price in GILBERT this week is $249,000. Market Action Index* 16 Cold! Buyer's Median Number of Bedrooms Median Number of Bathrooms Median House Size (sq ft) Median Lot Size 2,231 4.0 2.5 8,001 - 10,000 Sq. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions. * see below for details on the Market Action Index PRICE The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. SUPPLY AND DEMAND The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 16. With several months of inventory available at the current sales rate, buyers should find ample choice. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer. Bed Bath Med. Sqft Med. Age Inven. New Ab- sorbed Med. Lot Size Median Price Quart Investigate the market in quartiles—where each quartile is 25% of the homes QUARTILES Characteristics per Quartile Avg. DoM 3,621 5.0 3.5 8 471 25 37 $ 525,000 1 Most expensive 25% of homes 179 Not Avail 2,563 4.0 2.5 8 471 24 34 $ 299,900 2 Upper-middle 25% of homes 146 Not Avail 1,982 3.0 2.0 9 471 34 46 $ 215,000 3 Lower-middle 25% of homes 128 Not Avail 1,603 3.0 2.0 9 472 29 50 $ 163,000 4 Least expensive 25% of homes 120 Not Avail David Dion | Solutions Real Estate | 480-332-5942 | www.SolutionsRealEstate.com

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Real Estate report for January 09

TRANSCRIPT

GILBERTSolutions Real Estate

Sunday January 11, 2009

market update

THIS WEEKMedian List PriceReal-Time Market Profile Trend

$ 249,000

143Average Days on MarketAsking Price per Square Foot $ 114

Percent of Properties with Price Decrease 57 %Percent Relisted (reset DOM) 11 %Percent Flip (price increased) 3 %

The median single family homeprice in GILBERT this week is$249,000.

Market Action Index* 16Cold! Buyer's

Median Number of BedroomsMedian Number of Bathrooms

Median House Size (sq ft)Median Lot Size

2,231

4.02.5

8,001 - 10,000 Sq.Inventory has been tightening anddays-on-market increasingrecently. The Market Action Indexhas been basically flat, notproviding strong indication formarket conditions.

* see below for details on the Market Action Index

PRICEThe market seems to have pausedaround this plateau. The MarketAction Index is a good leadingindicator for the durability of thistrend.

SUPPLY AND DEMANDThe Market Action Index answers the question "How's the Market?" By measuring thecurrent rate of sale versus the amount of the inventory.

Local conditions are currently quitestrongly in the Buyer's Market zone(below 30). The 90-day MarketAction Index stands at 16. Withseveral months of inventoryavailable at the current sales rate,buyers should find ample choice.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.

Bed BathMed.Sqft

Med.Age Inven. New

Ab-sorbedMed. Lot SizeMedian PriceQuart

Investigate the market inquartiles—where each quartile is25% of the homes

QUARTILESCharacteristics per Quartile

Avg.DoM

3,621 5.0 3.5 8 471 25 37$ 525,0001 Most expensive 25% of homes179Not Avail

2,563 4.0 2.5 8 471 24 34$ 299,9002 Upper-middle 25% of homes146Not Avail

1,982 3.0 2.0 9 471 34 46$ 215,0003 Lower-middle 25% of homes128Not Avail

1,603 3.0 2.0 9 472 29 50$ 163,0004 Least expensive 25% of homes120Not Avail

David Dion | Solutions Real Estate | 480-332-5942 | www.SolutionsRealEstate.com

Altos Research Corp. reports real-time analysis of the residential real estate market in local markets across the country. Allinformation contained herein is based on properties currently listed for sale and available publicly. When evaluating aparticular property, make sure you use comparable sales data in addition to the market trend information available in thisreport. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Usethis report as one input in the real estate decision making process, but do not rely on it for accuracy. Nothing in this reportor any other Altos Research publication is a recommendation to buy or to sell real estate. We recommend you work with alicensed real estate agent or broker.

About Altos Research Corporation

http://www.altosresearch.com

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