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    05 07 12 Exec Summary (SF) Az Phoenix 85085

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    Kelli J Grant
    The median list Price In PHOENIX, AZ 85085 this week is $279,450. Inventory has been decreasing lately but The Market Action Index is falling also.

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    05 07 12 Exec Summary (SF) Az Phoenix 85085

    Uploaded by

    Kelli J Grant
    53 views1 page
    The median list Price In PHOENIX, AZ 85085 this week is $279,450. Inventory has been decreasing lately but The Market Action Index is falling also.

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    05 07 12 Exec Summary [Sf] Az Phoenix 85085

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    The median list Price In PHOENIX, AZ 85085 this week is $279,450. Inventory has been decreasing lately but The Market Action Index is falling also.

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

    05 07 12 Exec Summary (SF) Az Phoenix 85085

    Uploaded by

    Kelli J Grant
    The median list Price In PHOENIX, AZ 85085 this week is $279,450. Inventory has been decreasing lately but The Market Action Index is falling also.

    Copyright:

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

    Monday May 7, 2012

    PHOENIX, AZ 85085
    Single Family Homes

    This Week
    The median list price in PHOENIX, AZ 85085 this week is $279,450. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

    Real-Time Market Profile Median List Price $ 279,450 Asking Price Per Square Foot $ 91 Average Days on Market (DOM) 102 Percent of Properties with Price Decrease 25 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 9% Median House Size (sq ft) 2879 Median Lot Size 10 - 20 acres Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 3.0 22.9

    Trend == + ==

    Supply and Demand


    In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

    No change

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

    Price
    In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

    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

    $ 429,450 $ 310,843 $ 239,000 $ 149,450

    3574 10 - 20 acres 2950 not available 2876 not available 1952 not available

    4.0 4.0 4.0 3.0

    3.2 3.0 3.0 2.0

    6 6 6 8

    22 22 22 22

    1 1 3 1

    0 4 6 2

    105 114 80 109

    Kelli Grant Group | www.PhoenixHomeResource.com

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

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