Solutions Real Estate MARKET UPDATE CHANDLER, 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 January 16, 2012
· 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
CHANDLER, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ this week is $200,000. The 1076 properties have been on the market for an average of 130 days.
Trend
Median List Price
$ 200,000
Average List Price
$ 260,820
Asking Price Per Square Foot
$ 98
±+
Average Days on Market (DoM)
130
=
Inventory of Properties Listed
1076
≠
Most Expensive Listing
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
$ 6,900,000
Least Expensive Listing
$ 19,000
Average Age of Listing
17
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
2004
Median Lot Size
Supply and Demand
±+
1.0 - 2.5 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
23.8
±+
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:
±+
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
$ 389,900
3215
2.5 - 5.0 acres
4.0
3.0
9
269
31
23
149
Most expensive 25% of properties
Upper/Second
$ 249,900
2276
0.50 - 1.0 acre
3.0
2.0
12
269
32
28
136
Upper-middle 25% of properties
Lower/Third
$ 167,500
1809 not available
3.0
2.0
17
269
39
28
115
Lower-middle 25% of properties
Bottom/Fourth
$ 110,000
1362 not available
3.0
2.0
28
269
37
29
119
Least expensive 25% of properties
Page 2 of 36
Monday January 16, 2012
Single Family Homes in
City Overview
CHANDLER, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 January 16, 2012
Fourth/Bottom
Single Family Homes in
City Overview
CHANDLER, 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 January 16, 2012
Single Family Homes in
City Overview
CHANDLER, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER 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 23.77 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.
Page 5 of 36
Monday January 16, 2012
Single Family Homes in
City Overview
CHANDLER, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 130 days. Half of the listings have come newly on the market in the past 78 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 January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85225
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85225 this week is $129,250. The 158 properties have been on the market for an average of 113 days.
$ 129,250
Average List Price
$ 153,562 $ 81
±+
Average Days on Market (DoM)
113
=
Inventory of Properties Listed
158
≠
$ 1,475,000
Least Expensive Listing
$ 25,000
Average Age of Listing
25
Percent of Properties with Price Decrease
28 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
8%
Median House Size (sq ft)
1648
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
Most Expensive Listing
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.
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
27.0
≠
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
$ 210,000
2231 not available
4.0
2.0
14
39
6
4
103
Most expensive 25% of properties
Upper/Second
$ 148,005
1712 not available
3.0
2.0
17
39
3
3
112
Upper-middle 25% of properties
Lower/Third
$ 116,250
1515 not available
3.0
2.0
24
40
5
7
117
Lower-middle 25% of properties
Bottom/Fourth
$ 79,950
1286 not available
3.0
2.0
34
40
1
3
122
Least expensive 25% of properties
Page 7 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85225
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85225
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 9 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85225
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85225 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 27.04 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.
Page 10 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85225
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 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 11 of 36
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85226
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85226 this week is $173,950. The 90 properties have been on the market for an average of 120 days.
$ 173,950
Average List Price
$ 333,548 $ 99
=
Average Days on Market (DoM)
120
=
Inventory of Properties Listed
90
±+
$ 3,400,000
Least Expensive Listing
$ 19,000
Average Age of Listing
21
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
Median House Size (sq ft)
1831
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
Most Expensive Listing
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
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
24.1
=
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
$ 369,800
3156 not available
4.0
3.0
20
22
4
1
166
Most expensive 25% of properties
Upper/Second
$ 200,862
1968 not available
4.0
2.0
19
22
4
1
102
Upper-middle 25% of properties
Lower/Third
$ 158,700
1722 not available
3.0
2.0
21
23
2
1
106
Lower-middle 25% of properties
Bottom/Fourth
$ 116,000
1356 not available
3.0
2.0
25
23
6
6
108
Least expensive 25% of properties
Page 12 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85226
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85226
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 14 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85226
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85226 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 24.07 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.
Page 15 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85226
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 120 days. Half of the listings have come newly on the market in the past 82 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 January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85249
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85249 this week is $245,000. The 309 properties have been on the market for an average of 130 days.
Trend
Median List Price
$ 245,000
Average List Price
$ 282,674 $ 108
=
Average Days on Market (DoM)
130
=
Inventory of Properties Listed
309
≠
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 2,299,000
Least Expensive Listing
$ 70,000
Average Age of Listing
10
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
2396
Median Lot Size
Supply and Demand
±+
2.5 - 5.0 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
21.8
≠
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
$ 400,000
3790
1.0 - 2.5 acres
4.0
3.0
7
77
10
7
158
Most expensive 25% of properties
Upper/Second
$ 284,900
2958
2.5 - 5.0 acres
4.0
2.0
8
77
6
9
113
Upper-middle 25% of properties
Lower/Third
$ 199,950
2127 not available
3.0
2.0
10
77
9
7
124
Lower-middle 25% of properties
Bottom/Fourth
$ 132,450
1065 not available
2.0
2.0
16
78
13
8
126
Least expensive 25% of properties
Page 17 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85249
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 18 of 36
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85249
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of 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 19 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85249
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85249 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.78. 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.
Page 20 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85249
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 130 days. Half of the listings have come newly on the market in the past 85 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 January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85224
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85224 this week is $129,900. The 87 properties have been on the market for an average of 124 days.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
$ 129,900
Average List Price
$ 150,923
±+
Asking Price Per Square Foot
$ 78
±+
Average Days on Market (DoM)
124
=
Inventory of Properties Listed
87
≠
Most Expensive Listing
$ 620,000
Least Expensive Listing
$ 49,000
Average Age of Listing
27
Percent of Properties with Price Decrease
17 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
1660
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
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Action Index
Seller's Advantage
30.5
=
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
$ 220,000
2243 not available
4.0
2.8
22
21
4
3
195
Upper/Second
$ 143,750
1753 not available
3.0
2.0
24
22
6
5
67
Upper-middle 25% of properties
Lower/Third
$ 115,000
1528 not available
3.0
2.0
29
22
3
1
124
Lower-middle 25% of properties
Bottom/Fourth
$ 85,750
1336 not available
3.0
2.0
32
22
2
3
114
Least expensive 25% of properties
Page 22 of 36
Monday January 16, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85224
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 23 of 36
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85224
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 24 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85224
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85224 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.52 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Two 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 and two of the quartiles are in the Seller's Market zone.
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.
Page 25 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85224
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 124 days. Half of the listings have come newly on the market in the past 85 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 January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85248
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85248 this week is $250,000. The 313 properties have been on the market for an average of 153 days.
$ 250,000
Average List Price
$ 295,660 $ 119
Asking Price Per Square Foot
±+
153
=
Inventory of Properties Listed
313
±+
$ 6,900,000
Least Expensive Listing
$ 47,500
Average Age of Listing
18
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
4%
Median House Size (sq ft)
2116
Median Lot Size
Supply and Demand
≠
Average Days on Market (DoM)
Most Expensive Listing
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
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
Strong Buyer's
20.1
=
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
$ 425,000
3052 not available
3.0
3.0
9
78
8
5
146
Most expensive 25% of properties
Upper/Second
$ 296,750
2283 not available
3.0
2.0
16
78
9
7
188
Upper-middle 25% of properties
Lower/Third
$ 212,000
1841 not available
2.0
2.0
17
78
11
4
120
Lower-middle 25% of properties
Bottom/Fourth
$ 124,500
1523 not available
2.0
2.0
30
79
13
6
157
Least expensive 25% of properties
Page 27 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85248
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutehigh 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 28 of 36
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85248
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 29 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85248
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.14. 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.
Page 30 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85248
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in the past 85 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 January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
CHANDLER, AZ 85286
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in CHANDLER, AZ 85286 this week is $236,450. The 120 properties have been on the market for an average of 100 days.
Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.
Trend
Median List Price
$ 236,450
Average List Price
$ 280,432
Asking Price Per Square Foot
$ 99
±+
Average Days on Market (DoM)
100
≠
Inventory of Properties Listed
120
≠
Most Expensive Listing
$ 875,000
Least Expensive Listing
$ 89,900
Average Age of Listing
10
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
4%
Median House Size (sq ft)
2379
Median Lot Size
Supply and Demand
=
0.50 - 1.0 acre
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
25.9
≠
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
$ 420,000
3527 not available
4.0
3.0
10
30
0
2
85
Upper/Second
$ 261,152
2860
0.50 - 1.0 acre
4.0
3.0
8
30
5
8
104
Upper-middle 25% of properties
Lower/Third
$ 209,774
2131 not available
4.0
2.0
11
30
4
3
114
Lower-middle 25% of properties
Bottom/Fourth
$ 132,637
1536 not available
3.0
2.0
14
30
5
4
95
Page 32 of 36
Monday January 16, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85286
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Despite this week's down tic, price trends in this zip code have been moving up in the last few weeks. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
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 January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85286
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 34 of 36
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85286
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The CHANDLER, 85286 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 25.91 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.
Page 35 of 36
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
CHANDLER, AZ 85286
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 100 days. Half of the listings have come newly on the market in the past 56 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 January 16, 2012
Fourth/Bottom