03 12 Market Update [Sf] Az Phoenix

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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

March 12, 2012

· Presented by Kelli Grant Group Moving People Through Good DeedsPlatinum Premier [email protected](623) 239-4402

PHOENIX,

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



Median List Price

Median Lot Size

24.2

Percent Relisted (reset DOM)

1862

2.0

7 %

Median Number of Bathrooms

124

Inventory of Properties Listed

$ 87

Percent Flip (price increased)

2.5 - 5.0 acres

Median House Size (sq ft)

$ 155,000

28 %

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

19 723266

1112.0 28

3.0

109

115

3.0 828

104

118

123

2.5 - 5.0acres

40

$ 119,000

76

75

829

3.0

not available

962.0

1340 not available

828

$ 58,200

3.0

167

2.5 - 5.0acres$ 219,895

4.0$ 484,950

18

123

2082

The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.

Monday March 12, 2012

Kelli Grant Group | www.PhoenixHomeResource.com

828

1585

2.0

The median list price in PHOENIX, AZthis week is $155,000. The 3313

properties have been on the marketfor an average of 124 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

3313

$ 8,990,000

$ 12,900

$ 275,514

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.

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Single Family Home




City OverviewPHOENIX,


Median PriceDespite this week's up 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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Single Family Hom






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 Sale

Inventory has been relatively steady around these levels in recent weeks.


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Single Family Hom






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 24.25 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.


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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Single Family Hom






Days on MarketThe properties have been on the market for an average of 124 days. Half of the listings have come newly on the market in thepast 77 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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Single Family Hom

03 12 Market Update [Sf] Az Phoenix

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