04 30 12 Market Update [Sf] Az Phoenix 85085
-
Upload
kelli-j-grant -
Category
Documents
-
view
220 -
download
0
Transcript of 04 30 12 Market Update [Sf] Az Phoenix 85085
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
1/11
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
April 30, 2012
Presented by Kelli Grant Group Moving People Through Good DeedsPlatinum Premier [email protected](623) 239-4402
PHOENIX, AZ 850
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
2/11
Median List Price
Median Lot Size
26.1
Percent Relisted (reset DOM)
1866
2.0
7 %
Median Number of Bathrooms
121
Inventory of Properties Listed
$ 90
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 165,000
22 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
+
+
+
+
==
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 683208
1042.0 26
3.0
118
113
3.0 765
107
100
109
1.0 - 2.5acres
40
$ 122,000
123
65
765
3.0
1.0 - 2.5acres
1072.0
1319 not available
765
$ 59,000
3.0
160
5.0 - 10acres$ 230,000
4.0$ 499,000
18
128
2115
With inventory and days-on-marketbasically unchanged and the MarketAction Index increasing, the market isnot sending strong directional signalfor the near-term outlook.
Monday April 30, 2012
Kelli Grant Group | www.PhoenixHomeResource.com
765
1587
2.0
The median list price in PHOENIX, AZthis week is $165,000. The 3060
properties have been on the marketfor an average of 121 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+
==
=
PHOENIX,
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
3060
$ 11,900,000
$ 11,500
$ 290,889
30
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 11
Single Family Home
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
3/11
Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewPHOENIX,
Monday April 30, 2012
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 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
Page 3 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
4/11
Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewPHOENIX,
Monday April 30, 2012
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 Sale
Inventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
5/11
Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewPHOENIX,
Monday April 30, 2012
Market Action IndexThe PHOENIX market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 26.06 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rateof demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than theothers. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on the
premium homes.
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.
Page 5 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
6/11
Kelli Grant Group | www.PhoenixHomeResource.com
City OverviewPHOENIX,
Monday April 30, 2012
Days on MarketThe properties have been on the market for an average of 121 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 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
7/11
Median List Price
Median Lot Size
21.8
Percent Relisted (reset DOM)
2872
3.0
9 %
Median Number of Bathrooms
98
Inventory of Properties Listed
$ 91
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 276,950
24 %
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
==
==
+
==
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
6 33431
843.0 7
3.0
3
116
4.0 24
97
0
3
10 - 20 acres
8
$ 242,475
0
2
24
3.2
not available
03.0
1922 not available
23
$ 149,450
4.0
95
not available$ 300,000
4.0$ 425,000
6
5
2970
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday April 30, 2012
Kelli Grant Group | www.PhoenixHomeResource.com
23
2892
2.0
The median list price in PHOENIX, AZ85085 this week is $276,950. The 94
properties have been on the marketfor an average of 98 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+
==
=
PHOENIX, AZ 850
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
94
$ 782,500
$ 82,000
$ 286,557
7
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 7 of 11
Single Family Home
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
8/11
Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailPHOENIX, AZ 850
Monday April 30, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
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
Page 8 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
9/11
Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailPHOENIX, AZ 850
Monday April 30, 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 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 9 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
10/11
Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailPHOENIX, AZ 850
Monday April 30, 2012
Market Action IndexThe PHOENIX, 85085 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.80. 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.
age 10 of 11
Single Family Hom
-
8/2/2019 04 30 12 Market Update [Sf] Az Phoenix 85085
11/11
Kelli Grant Group | www.PhoenixHomeResource.com
Neighborhood DetailPHOENIX, AZ 850
Monday April 30 2012
Days on MarketThe properties have been on the market for an average of 98 days. Half of the listings have come newly on the market in thepast 56 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 11
Single Family Hom