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