november 2012- aj and gold canyon market report

MARKET UPDATESolutions Real Estate

· 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"November 26, 2012

· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]

APACHE JUNCTION, AZ

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

Apache Junction and Gold Canyon, AZ

Median List Price

Median Lot Size

19.4

Percent Relisted (reset DOM)

1865

2.0

9 %

Median Number of Bathrooms

161

Inventory of Properties Listed

$ 119

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 189,900

23 %

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

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==

==

±+

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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

9 12916

1782.0 12

2.0

13

132

3.0 124

146

18

9

0.25 - 0.50acre

22

$ 149,900

6

7

125

3.0

6,501 -8,000 sqft

72.0

1248 8,001 -10,000 sqft

124

$ 82,900

3.0

188

8,001 -10,000 sqft$ 259,450

3.0$ 548,500

13

3

1919

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.

Monday November 26, 2012

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

124

1570

2.0

The median list price in APACHEJUNCTION, AZ this week is $189,900.The 497 properties have been on themarket for an average of 161 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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APACHEJUNCTION, AZ

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

497

$ 2,500,000

$ 30,000

$ 283,087

16

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 Homes in

Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Apache Junction, AZGold Canyon, AZ


City OverviewAPACHE

JUNCTION, AZ


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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Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917


City OverviewAPACHE

JUNCTION, AZ


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


Inventory of Properties Listed for 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.


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City OverviewAPACHE

JUNCTION, AZ


Market Action IndexThe APACHE JUNCTION market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.40. 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 groupchanges.


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.

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City OverviewAPACHE

JUNCTION, AZ


Days on MarketThe properties have been on the market for an average of 161 days. Half of the listings have come newly on the market in thepast 78 or so days.


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


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Median List Price

Median Lot Size

20.9


1346

2.0

17 %


117


$ 78


0.25 - 0.50 acre


$ 118,950

31 %

3.0

Market Action Index



n/a


Strong Buyer's

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==

==

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±+




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


9 11967

1022.0 14

2.0

1

139

3.0 24

108

5

1

1.0 - 2.5acres

34

$ 96,750

2

2

24

2.0

8,001 -10,000 sqft

42.0

1078 0.25 - 0.50acre

24

$ 66,450

3.0

120

0.25 - 0.50acre$ 135,950

3.0$ 187,450

13

1

1364

Inventory has been tightening anddays-on-market decreasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.



24

1358

2.0

The median list price in APACHEJUNCTION, AZ 85120 this week is$118,950. The 96 properties havebeen on the market for an average of117 days.






No change



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APACHEJUNCTION, AZ

Neighborhood Detail


Average List Price


96

$ 998,000

$ 30,000

$ 136,677

20

Trend Key:


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Neighborhood DetailAPACHE

JUNCTION, AZ


Median PricePrices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for apersistent downtrend in the Market Action Index into the Buyer's zone as a leading indicator of the price strength finally abating.


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


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JUNCTION, AZ




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.


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JUNCTION, AZ


Market Action IndexThe APACHE JUNCTION, 85120 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 20.93. With several months of inventory available at the current sales rate, buyers should find amplechoice.


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.




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JUNCTION, AZ






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Median List Price

Median Lot Size

20.9


1778

2.0

13 %


157


$ 107


1.0 - 2.5 acres


$ 145,000

23 %

3.0

Market Action Index



n/a


Strong Buyer's

==

≠≠

==

±+

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


12 22194

1282.0 12

1.0

3

238

2.0 34

102

1

1

1.0 - 2.5acres

21

$ 124,850

1

1

34

2.0

6,501 -8,000 sqft

32.0

1276 0.50 - 1.0acre

34

$ 79,900

3.0

160

1.0 - 2.5acres$ 165,000

3.0$ 352,450

12

0

1786

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.



34

1475

1.0







No change



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APACHEJUNCTION, AZ 85119

Neighborhood Detail


Average List Price


136

$ 760,000

$ 54,900

$ 191,446

17

Trend Key:


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JUNCTION, AZ 85119


Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.




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JUNCTION, AZ 85119


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.




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JUNCTION, AZ 85119








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JUNCTION, AZ 85119






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Median List Price

Median Lot Size

15.8


2076

2.0

5 %


175


$ 138


8,001 - 10,000 sqft


$ 285,000

21 %

3.0

Market Action Index



n/a


Strong Buyer's

==

==

==

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 03410

1122.0 13

2.0

11

215

3.0 66

216

7

3

0.25 - 0.50acre

14

$ 245,000

5

5

66

3.0

6,501 -8,000 sqft

22.0

1372 6,501 -8,000 sqft

65

$ 123,700

3.0

159

8,001 -10,000 sqft$ 364,950

3.0$ 695,000

12

2

2292

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



65

1862

2.0







No change



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APACHEJUNCTION, AZ 85118

Neighborhood Detail


Average List Price


262

$ 2,500,000

$ 44,900

$ 385,116

14

Trend Key:


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Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Gold Canyon, AZ85118



JUNCTION, AZ 85118


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




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Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Gold Canyon, AZ85118



JUNCTION, AZ 85118






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Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917 Gold Canyon, AZ85118



JUNCTION, AZ 85118








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Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917 Gold Canyon, AZ85118



JUNCTION, AZ 85118






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Gold Canyon, AZ

85118


november 2012- aj and gold canyon market report

Documents

market actionindex

aweakening market

price changes

price plateau

price decreasestrong

markets price high

trend key

percent flip price increased8