Gilbert, Az Market Trends and Update 1-16-2012

Page 1

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 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

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 $197,750. The 900 properties have been on the market for an average of 118 days.

Trend

Median List Price

$ 197,750

Average List Price

$ 241,740

Asking Price Per Square Foot

$ 88

±+

Average Days on Market (DoM)

118

=

Inventory of Properties Listed

900

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.

$ 1,999,950

Least Expensive Listing

$ 19,000

Average Age of Listing

12

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

8%

Median House Size (sq ft)

2177

Median Lot Size

Supply and Demand

±+

5.0 - 10 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

25.6

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

$ 350,000

3415

5.0 - 10 acres

4.0

3.0

8

225

29

25

148

Upper/Second

$ 234,027

2502

20+ acres

4.0

2.5

11

225

26

28

93

Upper-middle 25% of properties

Lower/Third

$ 169,900

2040

1.0 - 2.5 acres

4.0

2.0

11

225

36

29

122

Lower-middle 25% of properties

Bottom/Fourth

$ 121,490

1525 not available

3.0

2.0

14

225

32

26

109

Least expensive 25% of properties

Page 2 of 36

Monday January 16, 2012

Most expensive 25% of properties


Single Family Homes in

City Overview

GILBERT, 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

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 January 16, 2012


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 25.61 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 the market are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than the others. Current supply/demand levels identify Quartile 1 as 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 5 of 36

Monday January 16, 2012


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 118 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 6 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

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 $171,360. The 147 properties have been on the market for an average of 110 days.

$ 171,360

Average List Price

$ 221,308 $ 85

±+

Average Days on Market (DoM)

110

±+

Inventory of Properties Listed

147

$ 1,950,000

Least Expensive Listing

$ 86,500

Average Age of Listing

12

Percent of Properties with Price Decrease

23 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

6%

Median House Size (sq ft)

2187

Median Lot Size

Supply and Demand

±+

Asking Price Per Square Foot

Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

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

27.5

=

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

$ 304,900

3444 not available

4.0

3.0

12

36

7

8

115

Upper/Second

$ 195,000

2311 not available

4.0

2.0

14

37

6

8

86

Upper-middle 25% of properties

Lower/Third

$ 153,900

1831 not available

3.0

2.0

15

37

5

5

100

Lower-middle 25% of properties

Bottom/Fourth

$ 119,000

1522 not available

3.0

2.0

12

37

3

5

137

Least expensive 25% of properties

Page 7 of 36

Monday January 16, 2012

Most 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 8 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

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 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

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 27.52 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

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 110 days. Half of the listings have come newly on the market in the past 63 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

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 $181,900. The 166 properties have been on the market for an average of 126 days.

$ 181,900

Average List Price

$ 236,516 $ 87

±+

Average Days on Market (DoM)

126

=

Inventory of Properties Listed

166

$ 1,290,000

Least Expensive Listing

$ 65,000

Average Age of Listing

17

Percent of Properties with Price Decrease

33 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

8%

Median House Size (sq ft)

2126

Median Lot Size

Supply and Demand

=

Asking Price Per Square Foot

Most Expensive Listing

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.

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

26.2

=

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

$ 350,000

3452 not available

5.0

3.0

17

41

5

3

174

Upper/Second

$ 214,900

2402 not available

4.0

3.0

16

41

11

5

94

Upper-middle 25% of properties

Lower/Third

$ 160,000

1826 not available

4.0

2.0

18

42

8

6

134

Lower-middle 25% of properties

Bottom/Fourth

$ 120,000

1410 not available

3.0

2.0

18

42

5

5

102

Least expensive 25% of properties

Page 12 of 36

Monday January 16, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85234

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 13 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85234

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 14 of 36

90-day Average

Monday January 16, 2012


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 26.21 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

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 126 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 January 16, 2012

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 $169,500. The 127 properties have been on the market for an average of 115 days.

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.

$ 169,500

Average List Price

$ 185,425

±+

Asking Price Per Square Foot

$ 85

±+

Average Days on Market (DoM)

115

=

Inventory of Properties Listed

127

Most Expensive Listing

$ 449,900

Least Expensive Listing

$ 19,000

Average Age of Listing

21

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

9%

Median House Size (sq ft)

1955

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

24.8

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

$ 289,900

2961 not available

4.0

3.0

18

31

5

3

135

Most expensive 25% of properties

Upper/Second

$ 198,400

2346 not available

4.0

2.0

17

32

7

2

100

Upper-middle 25% of properties

Lower/Third

$ 148,900

1651 not available

3.0

2.0

16

32

4

2

90

Lower-middle 25% of properties

Bottom/Fourth

$ 97,450

1363 not available

3.0

2.0

26

32

4

1

134

Page 17 of 36

Monday January 16, 2012

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 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 18 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

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 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 19 of 36

90-day Average

Monday January 16, 2012


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 24.85 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 20 of 36

Monday January 16, 2012


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 115 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 21 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

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 $266,500. The 182 properties have been on the market for an average of 133 days.

Trend

Median List Price

$ 266,500

Average List Price

$ 315,263 $ 118

Asking Price Per Square Foot

133

=

Inventory of Properties Listed

182

$ 1,999,950

Least Expensive Listing

$ 114,900

Average Age of Listing

7

Percent of Properties with Price Decrease

43 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

8%

Median House Size (sq ft)

2165

Median Lot Size

Supply and Demand

±+

Average Days on Market (DoM)

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.

=

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

Strong Buyer's

21.4

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

$ 479,900

3705 not available

4.0

3.0

7

45

0

4

158

Most expensive 25% of properties

Upper/Second

$ 299,358

2231 not available

3.0

2.0

6

45

7

3

120

Upper-middle 25% of properties

Lower/Third

$ 237,495

2248 not available

4.0

2.0

7

46

3

2

92

Lower-middle 25% of properties

Bottom/Fourth

$ 175,475

1721

1.0 - 2.5 acres

3.0

2.0

7

46

4

3

161

Page 22 of 36

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85298

David Dion | Solutions Real Estate | 480-332-5942 | www.

Median Price Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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

GILBERT, AZ 85298

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 24 of 36

90-day Average

Monday January 16, 2012


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 21.37. 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 25 of 36

Monday January 16, 2012


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 133 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

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 $178,000. The 147 properties have been on the market for an average of 109 days.

Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

$ 178,000

Average List Price

$ 227,859

=

Asking Price Per Square Foot

$ 84

=

Average Days on Market (DoM)

109

Inventory of Properties Listed

147

Most Expensive Listing

$ 980,000

Least Expensive Listing

$ 85,000

Average Age of Listing

8

Percent of Properties with Price Decrease

24 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

7%

Median House Size (sq ft)

2194

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

27.5

=

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

$ 371,550

3747 not available

5.0

3.0

9

36

4

6

146

Upper/Second

$ 215,000

2584 not available

4.0

2.0

9

37

6

5

79

Upper-middle 25% of properties

Lower/Third

$ 155,000

1892 not available

3.0

2.0

6

37

1

5

108

Lower-middle 25% of properties

Bottom/Fourth

$ 110,000

1488 not available

3.0

2.0

6

37

5

5

103

Least expensive 25% of properties

Page 27 of 36

Monday January 16, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85295

David Dion | Solutions Real Estate | 480-332-5942 | www.

Median Price Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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

GILBERT, AZ 85295

David Dion | Solutions Real Estate | 480-332-5942 | www.

Price per Square Foot The price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.

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 January 16, 2012


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 27.54 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 30 of 36

Monday January 16, 2012


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 109 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 31 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

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 $211,900. The 131 properties have been on the market for an average of 111 days.

Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.

$ 211,900

Average List Price

$ 239,313

Asking Price Per Square Foot

$ 89

=

Average Days on Market (DoM)

111

=

Inventory of Properties Listed

131

±+

Most Expensive Listing

$ 899,900

Least Expensive Listing

$ 25,000

Average Age of Listing

8

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

10 %

Median House Size (sq ft)

2380

Median Lot Size

Supply and Demand

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

26.6

±+

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

$ 339,000

3634

5.0 - 10 acres

4.0

3.0

8

32

3

3

137

Upper/Second

$ 250,000

2700

20+ acres

4.0

3.0

6

33

4

5

90

Upper-middle 25% of properties

Lower/Third

$ 182,750

2073 not available

4.0

2.0

8

33

5

8

111

Lower-middle 25% of properties

Bottom/Fourth

$ 145,000

1828 not available

3.0

2.0

10

33

11

6

107

Least expensive 25% of properties

Page 32 of 36

Monday January 16, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85297

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 33 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

GILBERT, AZ 85297

David Dion | Solutions Real Estate | 480-332-5942 | www.

Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.

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 34 of 36

90-day Average

Monday January 16, 2012


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 26.63 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

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 111 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 36 of 36

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


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