Chandler, Az Market Trends and Update 1-16-2012

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 ofJanuary 16, 2012

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

CHANDLER, AZ

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

Median List Price

Median Lot Size

23.8

Percent Relisted (reset DOM)

2004

2.0

6 %

Median Number of Bathrooms

130

Inventory of Properties Listed

$ 98

Percent Flip (price increased)

1.0 - 2.5 acres

Median House Size (sq ft)

$ 200,000

32 %

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)

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 233215

1152.0 17

3.0

39

136

3.0 269

119

32

28

2.5 - 5.0acres

28

$ 167,500

37

31

269

3.0

not available

282.0

1362 not available

269

$ 110,000

3.0

149

0.50 - 1.0acre$ 249,900

4.0$ 389,900

12

29

2276

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

Monday January 16, 2012

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

269

1809

2.0

The median list price in CHANDLER,AZ this week is $200,000. The 1076properties have been on the marketfor an average of 130 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±+

== ≠≠

≠=

CHANDLER, AZCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

1076

$ 6,900,000

$ 19,000

$ 260,820

17

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


City OverviewCHANDLER, AZ


Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

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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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.


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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Market Action IndexThe CHANDLER market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 23.77 so buyers should expect to find reasonable levels of selection.

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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Days on MarketThe properties have been on the market for an average of 130 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

27.0


1648

2.0

8 %


113


$ 81


not available


$ 129,250

28 %

3.0

Market Action Index



n/a


Buyer's Advantage

≠

±+

±+

=

≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


14 42231

1172.0 24

3.0

5

112

3.0 40

122

3

7

not available

34

$ 116,250

1

6

40

2.0

not available

32.0

1286 not available

39

$ 79,950

3.0

103

not available$ 148,005

4.0$ 210,000

17

3

1712

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.



39

1515

2.0

The median list price in CHANDLER,AZ 85225 this week is $129,250. The158 properties have been on themarket for an average of 113 days.






No change



== ≠≠

≠=

CHANDLER, AZ85225

Neighborhood Detail


Average List Price


158

$ 1,475,000

$ 25,000

$ 153,562

25

Trend Key:


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Neighborhood DetailCHANDLER, AZ

85225


Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.


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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85225






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85225


Market Action IndexThe CHANDLER, 85225 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.04 so buyers should expect to find reasonable levels of selection.


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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85225






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Median List Price

Median Lot Size

24.1


1831

2.0

9 %


120


$ 99


not available


$ 173,950

36 %

3.0

Market Action Index



n/a


Buyer's Advantage

±+

±+

=

=

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


20 13156

1062.0 21

3.0

2

102

3.0 23

108

4

1

not available

25

$ 158,700

6

4

23

3.0

not available

12.0

1356 not available

22

$ 116,000

4.0

166


4.0$ 369,800

19

6

1968

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



22

1722

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85226

Neighborhood Detail


Average List Price


90

$ 3,400,000

$ 19,000

$ 333,548

21

Trend Key:


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85226


Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.




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85226


Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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85226








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85226






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Median List Price

Median Lot Size

21.8


2396

2.0

7 %


130


$ 108


2.5 - 5.0 acres


$ 245,000

34 %

4.0

Market Action Index



n/a


Strong Buyer's

≠

±+

=

=

≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 73790

1242.0 10

2.0

9

113

3.0 77

126

6

7

1.0 - 2.5acres

16

$ 199,950

13

10

78

3.0

not available

92.0

1065 not available

77

$ 132,450

4.0

158

2.5 - 5.0acres$ 284,900

4.0$ 400,000

8

8

2958

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.



77

2127

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85249

Neighborhood Detail


Average List Price


309

$ 2,299,000

$ 70,000

$ 282,674

10

Trend Key:


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85249


Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.




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85249


Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.




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85249


Market Action IndexThe CHANDLER, 85249 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.78. With several months of inventory available at the current sales rate, buyers should find ample choice.






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85249






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Median List Price

Median Lot Size

30.5


1660

2.0

7 %


124


$ 78


not available


$ 129,900

17 %

3.0

Market Action Index



n/a


Seller's Advantage

≠

±+

±+

=

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


22 32243

1242.0 29

3.0

3

67

3.0 22

114

6

1

not available

32

$ 115,000

2

4

22

2.8

not available

52.0

1336 not available

22

$ 85,750

3.0

195


4.0$ 220,000

24

3

1753

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.



21

1528

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85224

Neighborhood Detail


Average List Price


87

$ 620,000

$ 49,000

$ 150,923

27

Trend Key:

In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.

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85224


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.




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85224






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85224


Market Action IndexThe CHANDLER, 85224 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 30.52 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.


Market Action Index per QuartileTwo of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand and two of the quartiles are in the Seller's Market zone.




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85224






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Median List Price

Median Lot Size

20.1


2116

2.0

4 %


153


$ 119


not available


$ 250,000

34 %

3.0

Market Action Index



n/a


Strong Buyer's

±+

≠

±+

=

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


9 53052

1202.0 17

2.0

11

188

2.0 78

157

9

4

not available

30

$ 212,000

13

8

79

3.0

not available

72.0

1523 not available

78

$ 124,500

3.0

146


3.0$ 425,000

16

6

2283

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



78

1841

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85248

Neighborhood Detail


Average List Price


313

$ 6,900,000

$ 47,500

$ 295,660

18

Trend Key:


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85248


Median PriceAgain this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for atrough in prices.




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85248


Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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85248


Market Action IndexThe CHANDLER, 85248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 20.14. With several months of inventory available at the current sales rate, buyers should find ample choice.






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85248






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Median List Price

Median Lot Size

25.9


2379

2.0

4 %


100


$ 99


0.50 - 1.0 acre


$ 236,450

32 %

4.0

Market Action Index



n/a


Buyer's Advantage

≠

=

±+

≠

≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


10 23527

1142.0 11

3.0

4

104

4.0 30

95

5

3

not available

14

$ 209,774

5

0

30

3.0

not available

83.0

1536 not available

30

$ 132,637

4.0

85

0.50 - 1.0acre$ 261,152

4.0$ 420,000

8

4

2860

Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.



30

2131

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85286

Neighborhood Detail


Average List Price


120

$ 875,000

$ 89,900

$ 280,432

10

Trend Key:


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85286


Median PriceDespite this week's down tic, price trends in this zip code have been moving up in the last few weeks. We are below themarket's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become adownward trend.




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85286


Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.




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85286




Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.




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85286






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Chandler, Az Market Trends and Update 1-16-2012

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