solutions real estate real-time market profile
DESCRIPTION
Percent of Properties with Price Decrease 52 % Percent Relisted (reset DOM) 9 % Percent Flip (price increased) 3 % 3,585 4.0 3.5 7 496 19 25 $ 549,945 1 Most expensive 25% of homes 185 1,403 3.0 2.0 23 497 51 33 $ 160,000 4 Least expensive 25% of homes 116TRANSCRIPT
CHANDLERSolutions Real Estate
Sunday January 25, 2009
market update
THIS WEEKMedian List PriceReal-Time Market Profile Trend
$ 267,500
141Average Days on MarketAsking Price per Square Foot $ 132
Percent of Properties with Price Decrease 52 %Percent Relisted (reset DOM) 9 %Percent Flip (price increased) 3 %
The median single family homeprice in CHANDLER this week is$267,500.
Market Action Index* 15Cold! Buyer's
Median Number of BedroomsMedian Number of Bathrooms
Median House Size (sq ft)Median Lot Size
2,132
3.52.2
The Market Action index has beentrending down lately, while days-on-market is climbing, providingmostly bearish signs for the market.
* see below for details on the Market Action Index
PRICEDespite this week’s down tic, themarket seems to have pausedaround this plateau. The MarketAction Index is a good leadingindicator for the durability of thisshift.
SUPPLY AND DEMANDThe Market Action Index answers the question "How's the Market?" By measuring thecurrent rate of sale versus the amount of the inventory.
Local conditions are currently quitestrongly in the Buyer's Market zone(below 30). The 90-day MarketAction Index stands at 15. Withseveral months of inventoryavailable at the current sales rate,buyers should find ample choice.
Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.
Bed BathMed.Sqft
Med.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Investigate the market inquartiles—where each quartile is25% of the homes
QUARTILESCharacteristics per Quartile
Avg.DoM
3,585 4.0 3.5 7 496 19 25$ 549,9451 Most expensive 25% of homes185Not Avail
2,389 4.0 2.5 10 497 33 30$ 320,0002 Upper-middle 25% of homes131Not Avail
1,759 3.0 2.0 14 497 44 31$ 225,5003 Lower-middle 25% of homes134Not Avail
1,403 3.0 2.0 23 497 51 33$ 160,0004 Least expensive 25% of homes116Not 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.
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