Mesa Az Market Trends and Updates 1-16-2012

Page 1

Solutions Real Estate MARKET UPDATE MESA, 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

MESA, AZ

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ this week is $139,950. The 1438 properties have been on the market for an average of 148 days.

Trend

Median List Price

$ 139,950

Average List Price

$ 200,896

Asking Price Per Square Foot

$ 80

±+

Average Days on Market (DoM)

148

=

Inventory of Properties Listed

1438

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.

$ 4,600,000

Least Expensive Listing

$ 16,000

Average Age of Listing

23

Percent of Properties with Price Decrease

35 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

1714

Median Lot Size

Supply and Demand

±+

2.5 - 5.0 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

24.3

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

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

$ 334,900

3164

2.5 - 5.0 acres

4.0

3.0

11

359

35

28

230

Most expensive 25% of properties

Upper/Second

$ 169,900

1995

2.5 - 5.0 acres

3.0

2.0

18

359

53

34

117

Upper-middle 25% of properties

Lower/Third

$ 115,000

1512 not available

3.0

2.0

27

360

57

45

122

Lower-middle 25% of properties

Bottom/Fourth

$ 70,000

5.0 - 10 acres

3.0

2.0

33

360

49

41

124

Least expensive 25% of properties

Page 2 of 71

1248

Monday January 16, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 3 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

City Overview

MESA, 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 71

90-day Average

Monday January 16, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Market Action Index The MESA 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 24.27 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 71

Monday January 16, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Days on Market The properties have been on the market for an average of 148 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 6 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85205

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85205 this week is $116,500. The 136 properties have been on the market for an average of 207 days.

$ 116,500

Average List Price

$ 196,771 $ 75

±+

Average Days on Market (DoM)

207

=

Inventory of Properties Listed

136

±+

$ 1,090,000

Least Expensive Listing

$ 35,000

Average Age of Listing

29

Percent of Properties with Price Decrease

34 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

1606

Median Lot Size

Supply and Demand

±+

Asking Price Per Square Foot

Most Expensive Listing

The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs 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

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:

±+

== 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

$ 357,900

3534 not available

5.0

3.0

18

34

3

2

341

Most expensive 25% of properties

Upper/Second

$ 147,450

2023 not available

4.0

2.0

26

34

5

3

108

Upper-middle 25% of properties

Lower/Third

$ 103,450

1424 not available

3.0

2.0

27

34

6

5

132

Lower-middle 25% of properties

Bottom/Fourth

$ 74,950

1160 not available

2.0

2.0

41

34

5

4

248

Least expensive 25% of properties

Page 7 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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 relatively steady around these levels in recent weeks.

7-day Average

Page 9 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Market Action Index The MESA, 85205 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 25.56 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 3 (the low-middle price group) is showing stronger demand than the others, a Seller's market.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 10 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Days on Market The properties have been on the market for an average of 207 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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85207

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85207 this week is $274,379. The 224 properties have been on the market for an average of 207 days.

Trend

Median List Price

$ 274,379

Average List Price

$ 364,793 $ 109

=

Average Days on Market (DoM)

207

=

Inventory of Properties Listed

224

±+

Asking Price Per Square Foot

Most Expensive Listing

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.

$ 4,600,000

Least Expensive Listing

$ 25,000

Average Age of Listing

13

Percent of Properties with Price Decrease

34 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

11 %

Median House Size (sq ft)

2369

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

22.3

±+

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

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

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 572,500

4047

1.0 - 2.5 acres

4.0

4.0

8

56

10

3

283

Most expensive 25% of properties

Upper/Second

$ 333,300

2732 10 - 20 acres

4.0

3.0

11

56

2

3

224

Upper-middle 25% of properties

Lower/Third

$ 220,000

2116 not available

3.0

2.0

11

56

10

4

172

Lower-middle 25% of properties

Bottom/Fourth

$ 105,000

1440 not available

3.0

2.0

14

56

13

4

147

Least expensive 25% of properties

Page 12 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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 13 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Market Action Index The MESA, 85207 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.33. 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 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 15 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Days on Market The properties have been on the market for an average of 207 days. Half of the listings have come newly on the market in the past 92 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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85215

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85215 this week is $149,900. The 97 properties have been on the market for an average of 234 days.

$ 149,900

Average List Price

$ 205,388 $ 100

Asking Price Per Square Foot

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.

±+ ±+

Average Days on Market (DoM)

234

=

Inventory of Properties Listed

97

Most Expensive Listing

$ 999,000

Least Expensive Listing

$ 60,000

Average Age of Listing

21

Percent of Properties with Price Decrease

59 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

37 %

Median House Size (sq ft)

1430

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

2.0

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

16.7

=

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

$ 374,950

3232 not available

4.0

3.0

16

24

2

3

525

Most expensive 25% of properties

Upper/Second

$ 210,500

1718 not available

3.0

2.0

17

24

3

4

217

Upper-middle 25% of properties

Lower/Third

$ 114,500

1320 not available

2.0

2.0

20

24

0

0

117

Lower-middle 25% of properties

Bottom/Fourth

$ 75,000

800 not available

2.0

1.5

26

25

0

0

84

Page 17 of 71

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Market Action Index The MESA, 85215 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.73. 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 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Days on Market The properties have been on the market for an average of 234 days. Half of the listings have come newly on the market in the past 92 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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85206

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85206 this week is $139,900. The 139 properties have been on the market for an average of 144 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.

$ 139,900

Average List Price

$ 151,500

Asking Price Per Square Foot

$ 87

±+

Average Days on Market (DoM)

144

=

Inventory of Properties Listed

139

±+

Most Expensive Listing

$ 950,000

Least Expensive Listing

$ 34,900

Average Age of Listing

26

Percent of Properties with Price Decrease

45 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

16 %

Median House Size (sq ft)

1582

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

2.0

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

20.2

±+

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

$ 194,900

1885 not available

3.0

2.0

26

34

4

4

123

Most expensive 25% of properties

Upper/Second

$ 155,000

1704 not available

2.0

2.0

29

35

2

0

143

Upper-middle 25% of properties

Lower/Third

$ 124,900

1484 not available

2.0

2.0

33

35

6

5

168

Lower-middle 25% of properties

Bottom/Fourth

$ 95,000

1264 not available

2.0

2.0

27

35

1

1

141

Least expensive 25% of properties

Page 22 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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 23 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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 24 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Market Action Index The MESA, 85206 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.22. 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 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Days on Market The properties have been on the market for an average of 144 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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85208

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85208 this week is $99,850. The 184 properties have been on the market for an average of 104 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.

$ 99,850

Average List Price

$ 103,398

±+

Asking Price Per Square Foot

$ 68

=

Average Days on Market (DoM)

104

=

Inventory of Properties Listed

184

Most Expensive Listing

$ 395,000

Least Expensive Listing

$ 24,900

Average Age of Listing

26

Percent of Properties with Price Decrease

32 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

10 %

Median House Size (sq ft)

1374

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

2.0

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

$ 153,750

1643 not available

2.0

2.0

26

46

4

2

118

Most expensive 25% of properties

Upper/Second

$ 119,900

1460 not available

3.0

2.0

26

46

11

6

130

Upper-middle 25% of properties

Lower/Third

$ 84,900

1345 not available

3.0

2.0

20

46

3

5

103

Lower-middle 25% of properties

Bottom/Fourth

$ 44,950

1168 not available

2.0

2.0

34

46

5

4

67

Page 27 of 71

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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 28 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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 29 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

Market Action Index The MESA, 85208 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 30 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

Days on Market The properties have been on the market for an average of 104 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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85209

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85209 this week is $175,900. The 155 properties have been on the market for an average of 88 days.

$ 175,900

Average List Price

$ 182,779 ≠

Average Days on Market (DoM)

88

=

Inventory of Properties Listed

155

Most Expensive Listing

$ 414,900

Least Expensive Listing

$ 22,770

Average Age of Listing

14

Percent of Properties with Price Decrease

36 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

1769

Median Lot Size

Supply and Demand

$ 88

Asking Price Per Square Foot

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

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

22.7

=

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

$ 272,200

2129 not available

3.0

2.0

11

38

3

2

99

Most expensive 25% of properties

Upper/Second

$ 208,900

1888 not available

3.0

2.0

13

39

7

7

93

Upper-middle 25% of properties

Lower/Third

$ 151,000

1691 not available

3.0

2.0

15

39

8

8

78

Lower-middle 25% of properties

Bottom/Fourth

$ 99,000

1414 not available

3.0

2.0

12

39

6

7

81

Least expensive 25% of properties

Page 32 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Median Price Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Price per Square Foot The market's light downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 34 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Market Action Index The MESA, 85209 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.66. 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 35 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Days on Market The properties have been on the market for an average of 88 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 36 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85210

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85210 this week is $97,250. The 48 properties have been on the market for an average of 120 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.

$ 97,250

Average List Price

$ 100,898

±+

Asking Price Per Square Foot

$ 68

=

Average Days on Market (DoM)

120

=

Inventory of Properties Listed

48

Most Expensive Listing

$ 275,000

Least Expensive Listing

$ 26,900

Average Age of Listing

45

Percent of Properties with Price Decrease

19 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

1454

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

35.7

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

$ 161,450

1906 not available

4.0

2.0

32

12

2

2

76

Upper/Second

$ 112,000

1467 not available

3.0

2.0

35

12

1

1

121

Upper-middle 25% of properties

Lower/Third

$ 76,000

1341 not available

3.0

2.0

45

12

2

4

197

Lower-middle 25% of properties

Bottom/Fourth

$ 41,500

1041 not available

3.0

1.0

57

12

2

2

85

Page 37 of 71

Monday January 16, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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 38 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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 39 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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

Market Action Index The MESA, 85210 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 35.73 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 Three of the four quartiles of this zip code are in the Seller's Market zone with relatively low amounts of inventory given the current levels of demand. Quartile 3 (the lower-middle price group) however, is showing weaker demand than the others.

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 40 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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 41 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85201

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85201 this week is $75,800. The 52 properties have been on the market for an average of 102 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.

Trend

Median List Price

$ 75,800

Average List Price

$ 106,484

Asking Price Per Square Foot

$ 55

±+

Average Days on Market (DoM)

102

=

Inventory of Properties Listed

52

Most Expensive Listing

$ 495,000

Least Expensive Listing

$ 25,000

Average Age of Listing

38

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

6%

Median House Size (sq ft)

1396

Median Lot Size

Supply and Demand

±+

5.0 - 10 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

26.1

=

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

$ 150,100

2389 not available

4.0

2.0

26

13

0

1

121

Most expensive 25% of properties

Upper/Second

$ 89,000

1445 not available

3.0

2.0

41

13

5

2

100

Upper-middle 25% of properties

Lower/Third

$ 69,000

1360

5.0 - 10 acres

3.0

2.0

43

13

3

1

114

Lower-middle 25% of properties

Bottom/Fourth

$ 46,900

1150 not available

2.5

1.5

55

13

2

2

73

Page 42 of 71

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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 43 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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 44 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Market Action Index The MESA, 85201 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 26.14 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 45 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Days on Market The properties have been on the market for an average of 102 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 46 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85212

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85212 this week is $180,000. The 113 properties have been on the market for an average of 108 days.

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

$ 180,000

Average List Price

$ 186,642

=

Asking Price Per Square Foot

$ 77

±+

Average Days on Market (DoM)

108

Inventory of Properties Listed

113

Most Expensive Listing

$ 435,000

Least Expensive Listing

$ 49,900

Average Age of Listing

8

Percent of Properties with Price Decrease

33 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

13 %

Median House Size (sq ft)

2234

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

25.2

=

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

$ 258,900

3148 not available

4.0

3.0

4

28

4

2

101

Most expensive 25% of properties

Upper/Second

$ 199,800

2475 not available

4.0

3.0

6

28

7

4

142

Upper-middle 25% of properties

Lower/Third

$ 153,900

2234 not available

4.0

2.0

10

28

4

2

93

Lower-middle 25% of properties

Bottom/Fourth

$ 120,000

1536 not available

3.0

2.0

11

29

2

5

96

Least expensive 25% of properties

Page 47 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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 48 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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 49 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

Market Action Index The MESA, 85212 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 25.23 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 50 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

Days on Market The properties have been on the market for an average of 108 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 51 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85202

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85202 this week is $128,800. The 51 properties have been on the market for an average of 128 days.

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

$ 128,800

Average List Price

$ 134,958

Asking Price Per Square Foot

$ 73

±+

Average Days on Market (DoM)

128

=

Inventory of Properties Listed

51

Most Expensive Listing

$ 249,900

Least Expensive Listing

$ 24,900

Average Age of Listing

±+

36

Percent of Properties with Price Decrease

24 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

8%

Median House Size (sq ft)

1771

Median Lot Size

Supply and Demand

2.5 - 5.0 acres

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

27.1

=

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

$ 197,500

2380 not available

4.0

3.0

34

12

3

1

151

Most expensive 25% of properties

Upper/Second

$ 145,000

1854

2.5 - 5.0 acres

3.0

2.0

34

13

1

2

190

Upper-middle 25% of properties

Lower/Third

$ 120,000

1647 not available

3.0

2.0

35

13

3

3

97

Lower-middle 25% of properties

Bottom/Fourth

$ 85,000

1368 not available

3.0

2.0

36

13

3

1

76

Least expensive 25% of properties

Page 52 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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 53 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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 54 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

Market Action Index The MESA, 85202 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 27.14 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 55 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

Days on Market The properties have been on the market for an average of 128 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 56 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85213

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85213 this week is $285,000. The 76 properties have been on the market for an average of 157 days.

Trend

Median List Price

$ 285,000

Average List Price

$ 411,663

Asking Price Per Square Foot

$ 93

=

Average Days on Market (DoM)

157

=

Inventory of Properties Listed

76

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.

$ 2,800,000

Least Expensive Listing

$ 54,900

Average Age of Listing

23

Percent of Properties with Price Decrease

43 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

2952

Median Lot Size

Supply and Demand

=

1.0 - 2.5 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

3.0

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

22.2

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

$ 665,000

5924

1.0 - 2.5 acres

5.0

5.5

10

19

2

1

273

Most expensive 25% of properties

Upper/Second

$ 399,000

3664 not available

5.0

3.0

13

19

3

3

155

Upper-middle 25% of properties

Lower/Third

$ 194,500

2578 not available

4.0

3.0

25

19

1

2

91

Lower-middle 25% of properties

Bottom/Fourth

$ 113,900

1552 not available

3.0

2.0

33

19

4

2

110

Page 57 of 71

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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 58 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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 59 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Market Action Index The MESA, 85213 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.21. 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 60 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Days on Market The properties have been on the market for an average of 157 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 61 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85203

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85203 this week is $119,950. The 74 properties have been on the market for an average of 147 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.

$ 119,950

Average List Price

$ 172,718

±+

Asking Price Per Square Foot

$ 69

=

Average Days on Market (DoM)

147

=

Inventory of Properties Listed

74

Most Expensive Listing

$ 800,000

Least Expensive Listing

$ 16,000

Average Age of Listing

35

Percent of Properties with Price Decrease

34 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

11 %

Median House Size (sq ft)

1854

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

24.6

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

== 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

$ 334,450

3526 not available

4.5

3.0

32

18

0

1

161

Most expensive 25% of properties

Upper/Second

$ 149,750

2034 not available

4.0

2.0

30

18

2

1

120

Upper-middle 25% of properties

Lower/Third

$ 107,900

1579 not available

3.0

2.0

35

19

2

2

205

Lower-middle 25% of properties

Bottom/Fourth

$ 65,000

1433 not available

3.0

2.0

42

19

3

1

101

Least expensive 25% of properties

Page 62 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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 63 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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 64 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Market Action Index The MESA, 85203 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 24.57 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 65 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Days on Market The properties have been on the market for an average of 147 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 66 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85204

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85204 this week is $90,000. The 89 properties have been on the market for an average of 119 days.

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.

$ 90,000

Average List Price

$ 108,489

=

Asking Price Per Square Foot

$ 62

=

Average Days on Market (DoM)

119

=

Inventory of Properties Listed

89

Most Expensive Listing

$ 644,900

Least Expensive Listing

$ 23,000

Average Age of Listing

34

Percent of Properties with Price Decrease

24 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

7%

Median House Size (sq ft)

1538

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

28.3

±+

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

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

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 152,450

1763 not available

4.0

2.0

30

22

2

3

90

Upper/Second

$ 99,900

1510 not available

3.0

2.0

31

22

3

5

180

Upper-middle 25% of properties

Lower/Third

$ 82,200

1433 not available

3.0

2.0

32

22

4

3

118

Lower-middle 25% of properties

Bottom/Fourth

$ 57,000

1318 not available

3.0

2.0

40

23

5

3

91

Page 67 of 71

Monday January 16, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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 68 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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 69 of 71

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Market Action Index The MESA, 85204 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 28.31 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 70 of 71

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Days on Market The properties have been on the market for an average of 119 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 71 of 71

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


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