Solutions Real Estate MARKET UPDATE GILBERT, 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 November 28, 2011
· Presented by David Dion Solutions Real Estate www.SolutionsRealEstate.com - dave@solutionsrealestate.com 480-332-5942
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
City Overview
Single Family Homes in
GILBERT, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ this week is $194,995. The 1022 properties have been on the market for an average of 113 days.
$ 194,995
Average List Price
$ 237,456 $ 87
±+
Average Days on Market (DoM)
113
≠≠
Inventory of Properties Listed
1022
≠≠
$ 1,999,950
Least Expensive Listing
$ 19,000
Average Age of Listing
11
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
8%
Median House Size (sq ft)
2167
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
Most Expensive Listing
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Trend
Median List Price
10 - 20 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
24.6
==
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
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 349,542
3374
20+ acres
4.0
3.0
8
255
16
37
131
Upper/Second
$ 231,900
2531 10 - 20 acres
4.0
2.5
9
255
30
28
95
Upper-middle 25% of properties
Lower/Third
$ 169,500
1971 10 - 20 acres
3.5
2.0
10
256
25
30
112
Lower-middle 25% of properties
Bottom/Fourth
$ 119,900
1524 not available
3.0
2.0
13
256
26
31
113
Least expensive 25% of properties
Page 2 of 36
Monday November 28, 2011
Most expensive 25% of properties
Single Family Homes in
City Overview
GILBERT, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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
Page 3 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
City Overview
GILBERT, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
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
Page 4 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
City Overview
GILBERT, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.59 so buyers should expect to find reasonable levels of selection.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 36
Monday November 28, 2011
Single Family Homes in
City Overview
GILBERT, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in the past 57 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
Page 6 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85298
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85298 this week is $249,500. The 211 properties have been on the market for an average of 125 days.
$ 249,500
Average List Price
$ 308,135 ==
Average Days on Market (DoM)
125
≠≠
Inventory of Properties Listed
211
≠≠
Most Expensive Listing
$ 1,999,950
Least Expensive Listing
$ 124,900
Average Age of Listing
6
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
4%
Percent Flip (price increased)
6%
Median House Size (sq ft)
2334
Median Lot Size
Supply and Demand
±+
$ 114
Asking Price Per Square Foot
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Trend
Median List Price
10 - 20 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Strong Buyer's
18.9
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 449,950
3296 not available
4.0
3.0
6
52
3
7
120
Most expensive 25% of properties
Upper/Second
$ 289,900
2551 not available
4.0
2.0
5
53
3
7
123
Upper-middle 25% of properties
Lower/Third
$ 224,678
2126 10 - 20 acres
3.5
2.0
6
53
8
6
104
Lower-middle 25% of properties
Bottom/Fourth
$ 179,000
1763 10 - 20 acres
3.0
2.0
6
53
4
3
152
Least expensive 25% of properties
Page 7 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85298
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median 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.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 8 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85298
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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
Page 9 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85298
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85298 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.91. 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, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 10 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85298
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in the past 57 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
Page 11 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85234
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85234 this week is $174,900. The 185 properties have been on the market for an average of 125 days.
$ 174,900
Average List Price
$ 232,187 $ 87
±+
Average Days on Market (DoM)
125
≠≠
Inventory of Properties Listed
185
≠≠
$ 1,290,000
Least Expensive Listing
$ 64,900
Average Age of Listing
17
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
9%
Median House Size (sq ft)
2077
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
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.
Trend
Median List Price
not available
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
25.4
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 402,450
3535 not available
4.0
3.0
16
46
5
6
197
Most expensive 25% of properties
Upper/Second
$ 207,500
2387 not available
4.0
2.2
16
46
5
6
107
Upper-middle 25% of properties
Lower/Third
$ 150,000
1818 not available
3.0
2.0
16
46
6
6
88
Lower-middle 25% of properties
Bottom/Fourth
$ 115,000
1360 not available
3.0
2.0
18
47
7
7
108
Page 12 of 36
Monday November 28, 2011
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85234
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 13 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85234
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
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
Page 14 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85234
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85234 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.37 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 15 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85234
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in the past 71 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
Page 16 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85295
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85295 this week is $164,000. The 159 properties have been on the market for an average of 112 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
$ 164,000
Average List Price
$ 216,953
≠≠
Asking Price Per Square Foot
$ 81
≠≠
Average Days on Market (DoM)
112
≠≠
Inventory of Properties Listed
159
≠≠
Most Expensive Listing
$ 980,000
Least Expensive Listing
$ 90,000
Average Age of Listing
7
Percent of Properties with Price Decrease
23 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
7%
Median House Size (sq ft)
2159
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
25.3
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 324,500
3647 not available
5.0
3.0
9
39
2
6
107
Most expensive 25% of properties
Upper/Second
$ 225,000
2398 not available
4.0
2.0
8
40
5
6
144
Upper-middle 25% of properties
Lower/Third
$ 145,000
1888 not available
3.0
2.0
6
40
2
3
85
Lower-middle 25% of properties
Bottom/Fourth
$ 110,000
1564 not available
3.0
2.0
5
40
5
4
110
Page 17 of 36
Monday November 28, 2011
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85295
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 18 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85295
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
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
Page 19 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85295
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85295 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.31 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 20 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85295
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 112 days. Half of the listings have come newly on the market in the past 57 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
Page 21 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85296
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85296 this week is $165,000. The 164 properties have been on the market for an average of 97 days.
$ 165,000
Average List Price
$ 215,719 ==
Average Days on Market (DoM)
97
≠≠
Inventory of Properties Listed
164
≠≠
Most Expensive Listing
$ 1,950,000
Least Expensive Listing
$ 79,900
Average Age of Listing
11
Percent of Properties with Price Decrease
26 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
9%
Median House Size (sq ft)
2124
Median Lot Size
Supply and Demand
±+
$ 84
Asking Price Per Square Foot
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Trend
Median List Price
20+ acres
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
27.8
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 289,000
3373
20+ acres
4.0
3.0
13
41
3
10
78
Most expensive 25% of properties
Upper/Second
$ 185,000
2248 not available
4.0
3.0
13
41
4
8
97
Upper-middle 25% of properties
Lower/Third
$ 149,950
1827 not available
3.0
2.0
13
41
4
4
91
Lower-middle 25% of properties
Bottom/Fourth
$ 115,000
1419 not available
3.0
2.0
9
41
1
1
124
Page 22 of 36
Monday November 28, 2011
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85296
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median 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.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 23 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85296
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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
Page 24 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85296
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85296 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.76 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 25 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85296
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in the past 57 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
Page 26 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85233
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85233 this week is $166,000. The 138 properties have been on the market for an average of 114 days.
Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.
$ 166,000
Average List Price
$ 186,680
==
Asking Price Per Square Foot
$ 86
==
Average Days on Market (DoM)
114
±+
Inventory of Properties Listed
138
≠≠
Most Expensive Listing
$ 525,000
Least Expensive Listing
$ 19,000
Average Age of Listing
19
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
7%
Median House Size (sq ft)
1926
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
23.6
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 299,900
3000 not available
4.0
3.0
16
34
2
2
84
Upper/Second
$ 194,250
2273 not available
4.0
2.0
16
34
5
4
108
Upper-middle 25% of properties
Lower/Third
$ 145,550
1640 not available
3.0
2.0
16
35
4
6
76
Lower-middle 25% of properties
Bottom/Fourth
$ 100,000
1397 not available
3.0
2.0
20
35
6
5
189
Page 27 of 36
Monday November 28, 2011
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85233
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median 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.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 28 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85233
David Dion | Solutions Real Estate | 480-332-5942 | www.
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
Page 29 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85233
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85233 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 23.56 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 30 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85233
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in the past 71 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
Page 31 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
GILBERT, AZ 85297
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in GILBERT, AZ 85297 this week is $218,090. The 165 properties have been on the market for an average of 97 days.
$ 218,090
Average List Price
$ 236,809 ==
Average Days on Market (DoM)
97
≠≠
Inventory of Properties Listed
165
==
Most Expensive Listing
$ 849,900
Least Expensive Listing
$ 25,000
Average Age of Listing
7
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
4%
Percent Flip (price increased)
13 %
Median House Size (sq ft)
2392
Median Lot Size
Supply and Demand
==
$ 88
Asking Price Per Square Foot
With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Trend
Median List Price
10 - 20 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
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.
Market Action Index
Buyer's Advantage
27.2
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 330,000
3436
5.0 - 10 acres
4.0
3.0
6
41
4
4
136
Upper/Second
$ 250,000
2928
20+ acres
4.0
3.0
8
41
4
4
64
Upper-middle 25% of properties
Lower/Third
$ 189,000
2099 not available
4.0
2.0
8
41
1
6
115
Lower-middle 25% of properties
Bottom/Fourth
$ 140,985
1849 not available
3.0
2.0
9
42
4
5
75
Page 32 of 36
Monday November 28, 2011
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85297
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code 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
Page 33 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85297
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
Page 34 of 36
90-day Average
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85297
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The GILBERT, 85297 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.21 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.
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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 35 of 36
Monday November 28, 2011
Single Family Homes in
Neighborhood Detail
GILBERT, AZ 85297
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in the past 43 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
Page 36 of 36
Second/Upper
Third/Lower
Monday November 28, 2011
Fourth/Bottom