Fountain Hills Market Updates October 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 ofOctober 15, 2012

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

FOUNTAIN HILLS, AZ

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

Median List Price

Median Lot Size

19.4

Percent Relisted (reset DOM)

2792

2.0

3 %

Median Number of Bathrooms

131

Inventory of Properties Listed

$ 183

Percent Flip (price increased)

10 - 20 acres

Median House Size (sq ft)

$ 499,000

31 %

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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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

6 35519

782.5 16

3.0

1

136

3.0 45

69

5

7

10 - 20 acres

25

$ 399,900

9

5

45

5.0

10 - 20 acres

103.0

1794 0.25 - 0.50acre

45

$ 286,000

4.0

242

10 - 20 acres$ 585,900

4.0$ 1,499,000

14

10

3208

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.

Monday October 15, 2012

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

44

2302

2.0

The median list price in FOUNTAINHILLS, AZ this week is $499,000. The179 properties have been on themarket for an average of 131 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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FOUNTAIN HILLS,AZ

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

179

$ 2,999,999

$ 130,000

$ 702,828

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 | 602-618-0917


City OverviewFOUNTAIN HILLS,

AZ


Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.

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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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 relatively steady around these levels in recent weeks.


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AZ


Market Action IndexThe FOUNTAIN HILLS 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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AZ


Days on MarketThe properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in thepast 57 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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Fountain Hills Market Updates October 2012

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