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    04 30 12 Market Update (SF) Az Scottsdale

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    Kelli J Grant
    The median list price in SCOTTSDALE, AZ this week is $699,000. The 1881 properties have been on the market for an average of 187 days.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    04 30 12 Market Update (SF) Az Scottsdale

    Uploaded by

    Kelli J Grant
    56 views6 pages
    The median list price in SCOTTSDALE, AZ this week is $699,000. The 1881 properties have been on the market for an average of 187 days.

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    04 30 12 Market Update [Sf] Az Scottsdale

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    © Attribution Non-Commercial (BY-NC)

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    The median list price in SCOTTSDALE, AZ this week is $699,000. The 1881 properties have been on the market for an average of 187 days.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    56 views6 pages

    04 30 12 Market Update (SF) Az Scottsdale

    Uploaded by

    Kelli J Grant
    The median list price in SCOTTSDALE, AZ this week is $699,000. The 1881 properties have been on the market for an average of 187 days.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 6

    Kelli Grant Realty Group MARKET UPDATE

    SCOTTSDALE, AZ

    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 Deeds Platinum Premier Realty Admin@PhoenixHomeResource.com (623) 239-4402

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

    City Overview
    Kelli Grant Group | www.PhoenixHomeResource.com

    Single Family Homes in

    SCOTTSDALE, AZ

    This Week
    The median list price in SCOTTSDALE, AZ this week is $699,000. The 1881 properties have been on the market for an average of 187 days.
    Median List Price Average List Price

    Real-Time Market Profile


    $ 699,000 $ 1,083,964 $ 210 187 1881 $ 24,500,000 $ 50,000 19 34 % n/a 4% 3402 2.5 - 5.0 acres 4.0 3.0

    Trend
    == ==

    Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

    Inventory has been tightening and days-on-market decreasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

    Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

    Supply and Demand


    The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

    Median Number of Bathrooms

    Altos Research Value Statistics


    Market Action Index Strong Buyer's 19.7 + 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

    Trend Key:

    No change

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

    Characteristics per Quartile


    Quartile
    Top/First Upper/Second Lower/Third Bottom/Fourth
    Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

    $ 1,997,000 $ 875,063 $ 529,450 $ 299,900

    5691 3870 2852

    1.0 - 2.5 acres 2.5 - 5.0 acres 1.0 - 2.5 acres

    4.0 4.0 4.0 3.0

    5.0 4.0 3.0 2.0

    9 14 17 28

    470 470 470 471

    10 19 30 64

    11 17 54 75

    284 205 152 108

    Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

    1980 10 - 20 acres

    Page 2 of 6

    Monday April 30, 2012

    City Overview

    Single Family Homes in

    Kelli Grant Group | www.PhoenixHomeResource.com

    SCOTTSDALE, AZ

    Median Price
    Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action Index as an indicator of how long this trend will last.

    7-day Average

    90-day Average

    Quartile Prices
    Prices 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 6

    Monday April 30, 2012

    City Overview

    Single Family Homes in

    Kelli Grant Group | www.PhoenixHomeResource.com

    SCOTTSDALE, AZ

    Price per Square Foot


    The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

    7-day Average

    90-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 to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

    7-day Average

    90-day Average

    Page 4 of 6

    Monday April 30, 2012

    City Overview

    Single Family Homes in

    Kelli Grant Group | www.PhoenixHomeResource.com

    SCOTTSDALE, AZ

    Market Action Index


    The SCOTTSDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.72. With several months of inventory available at the current sales rate, buyers should find ample choice.

    90-day Average

    Buyers/Sellers Cutoff

    Market Action Index per Quartile


    Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

    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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

    Page 5 of 6

    Monday April 30, 2012

    City Overview

    Single Family Homes in

    Kelli Grant Group | www.PhoenixHomeResource.com

    SCOTTSDALE, AZ

    Days on Market
    The properties have been on the market for an average of 187 days. Half of the listings have come newly on the market in the past 98 or so days.

    7-day Average

    90-day Average

    Days on Market per Quartile


    It 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 6

    Monday April 30, 2012

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