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    03 - 12 - 12 Exec Summary (SF) - 85085

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    Kelli J Grant
    85085 Real Estate Market Update

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    03 - 12 - 12 Exec Summary (SF) - 85085

    Uploaded by

    Kelli J Grant
    30 views1 page
    85085 Real Estate Market Update

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    03_12_12 Exec Summary [SF]_85085

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    85085 Real Estate Market Update

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views1 page

    03 - 12 - 12 Exec Summary (SF) - 85085

    Uploaded by

    Kelli J Grant
    85085 Real Estate Market Update

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Kelli Grant Realty Group Market Report Executive Summary

    Monday March 12, 2012

    PHOENIX, AZ 85085
    Single Family Homes

    This Week
    The median list price in PHOENIX, AZ 85085 this week is $249,000. The Market Action Index has been climbing lately while days-onmarket are trending down, these point to a positive near-term outlook for the market.

    Real-Time Market Profile Median List Price $ 249,000 Asking Price Per Square Foot $ 90 Average Days on Market (DOM) 100 Percent of Properties with Price Decrease 30 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 7% Median House Size (sq ft) 2654 Median Lot Size not available Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 3.0 22.8

    Trend + +

    Supply and Demand


    Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

    ==

    No change

    == Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

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

    Market Action Index

    Price Trends

    7-Day Rolling Average

    90-Day Rolling Average

    Buyer/Seller Cutoff

    The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

    Quartiles
    Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
    Median Price Sq. Ft. Lot Size Beds Baths

    7-Day Rolling Average

    90-Day Rolling Average

    Characteristics per Quartile

    Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
    Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

    Age Inventory New Absorbed DOM

    $ 392,950 $ 292,000 $ 202,000 $ 139,000

    3636 not available 2970 not available 2412 not available 1782 not available

    4.0 5.0 4.0 3.0

    3.5 3.0 3.0 2.0

    7 7 6 8

    22 22 22 23

    6 2 5 2

    1 5 3 2

    118 94 90 98

    Kelli Grant Group | www.PhoenixHomeResource.com

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

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