Solutions Real Estate MARKET UPDATE QUEEN CREEK, 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
QUEEN CREEK, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ this week is $123,700. The 692 properties have been on the market for an average of 105 days.
Trend
Median List Price
$ 123,700
Average List Price
$ 161,925
Asking Price Per Square Foot
$ 58
=
Average Days on Market (DoM)
105
=
Inventory of Properties Listed
692
±+
Most Expensive Listing
The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.
$ 2,174,777
Least Expensive Listing
$ 15,000
Average Age of Listing
8
Percent of Properties with Price Decrease
25 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
8%
Median House Size (sq ft)
2113
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
Buyer's Advantage
27.8
≠
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
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
$ 250,000
2936
5.0 - 10 acres
4.0
2.0
7
173
16
18
115
Upper/Second
$ 144,750
2184 not available
4.0
2.0
7
173
26
21
91
Upper-middle 25% of properties
Lower/Third
$ 109,000
2064 not available
4.0
2.0
7
173
20
22
103
Lower-middle 25% of properties
Bottom/Fourth
$ 80,000
1.0 - 2.5 acres
3.0
2.0
7
173
23
20
113
Least expensive 25% of properties
Page 2 of 31
1664
Monday January 16, 2012
Most expensive 25% of properties
Single Family Homes in
City Overview
QUEEN CREEK, 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 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
City Overview
QUEEN CREEK, AZ
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 more, 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 4 of 31
90-day Average
Monday January 16, 2012
Single Family Homes in
City Overview
QUEEN CREEK, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK 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 27.81 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 31
Monday January 16, 2012
Single Family Homes in
City Overview
QUEEN CREEK, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 105 days. Half of the listings have come newly on the market in the past 78 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 6 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
QUEEN CREEK, AZ 85243
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ 85243 this week is $104,500. The 9 properties have been on the market for an average of 71 days.
$ 104,500
Average List Price
$ 114,144 $ 49
Asking Price Per Square Foot
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.
Average Days on Market (DoM)
71
Inventory of Properties Listed
9
Most Expensive Listing
$ 169,000
Least Expensive Listing
$ 80,000
Average Age of Listing
±+ ±+ = ±+
7
Percent of Properties with Price Decrease
11 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
0%
Median House Size (sq ft)
2019
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
Strong Buyer's
21.6
±+
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
$ 155,000
1564 not available
3.0
2.0
10
2
0
0
56
Most expensive 25% of properties
Upper/Second
$ 130,950
3354 not available
4.5
3.0
6
2
1
0
42
Upper-middle 25% of properties
Lower/Third
$ 101,750
2404 not available
3.5
2.0
6
2
0
0
134
Lower-middle 25% of properties
Bottom/Fourth
$ 82,000
2019 not available
4.0
2.0
6
3
1
0
59
Page 7 of 31
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85243
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 8 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85243
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 31
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85243
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK, 85243 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.61. 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 10 of 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85243
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 71 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 11 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
QUEEN CREEK, AZ 85242
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ 85242 this week is $95,000. The 11 properties have been on the market for an average of 88 days.
Trend
Median List Price
$ 95,000
Average List Price
$ 149,408 $ 62
≠
Average Days on Market (DoM)
88
≠
Inventory of Properties Listed
11
±+
Asking Price Per Square Foot
The Market Action Index has been basically flat recently, and days-onmarket decreasing, there are not strong signals for the direction of the market.
Most Expensive Listing
$ 324,000
Least Expensive Listing
$ 49,990
Average Age of Listing
9
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
18 %
Median House Size (sq ft)
2122
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
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
34.8
±+
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
$ 294,450
3092 not available
4.5
2.5
6
2
1
1
39
Upper/Second
$ 239,900
2311 not available
4.0
2.0
13
3
0
1
166
Upper-middle 25% of properties
Lower/Third
$ 75,000
1620 not available
4.0
2.0
8
3
0
0
78
Lower-middle 25% of properties
Bottom/Fourth
$ 50,000
1651
2.5 - 5.0 acres
3.0
2.0
8
3
0
0
54
Least expensive 25% of properties
Page 12 of 31
Monday January 16, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85242
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 13 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85242
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 relatively steady around these levels in recent weeks.
7-day Average
Page 14 of 31
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85242
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK, 85242 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 34.80 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Two of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current rate of demand. Notice that Quartiles 2 and 3 (the middle of the market) are showing stronger demand than either end, 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 15 of 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85242
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 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 16 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
QUEEN CREEK, AZ 85140
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ 85140 this week is $114,900. The 169 properties have been on the market for an average of 108 days.
Trend
Median List Price
$ 114,900
Average List Price
$ 142,912
Asking Price Per Square Foot
$ 53
=
Average Days on Market (DoM)
108
=
Inventory of Properties Listed
169
≠
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.
$ 1,575,000
Least Expensive Listing
$ 15,000
Average Age of Listing
7
Percent of Properties with Price Decrease
22 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
2036
Median Lot Size
Supply and Demand
=
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Buyer's Advantage
29.0
≠
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 233,698
2292 not available
3.0
2.0
4
42
2
3
104
Most expensive 25% of properties
Upper/Second
$ 132,440
2288 not available
4.0
2.0
7
42
5
5
120
Upper-middle 25% of properties
Lower/Third
$ 95,950
2065 not available
4.0
2.0
7
42
3
6
104
Lower-middle 25% of properties
Bottom/Fourth
$ 75,000
1622
0.25 - 0.50 acre
3.0
2.0
7
43
8
6
103
Least expensive 25% of properties
Page 17 of 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85140
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85140
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 19 of 31
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85140
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK, 85140 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 28.96 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 20 of 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85140
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 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 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
QUEEN CREEK, AZ 85142
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ 85142 this week is $151,250. The 246 properties have been on the market for an average of 114 days.
Trend
Median List Price
$ 151,250
Average List Price
$ 221,277
Asking Price Per Square Foot
$ 69
=
Average Days on Market (DoM)
114
=
Inventory of Properties Listed
246
≠
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.
$ 2,174,777
Least Expensive Listing
$ 19,000
Average Age of Listing
8
Percent of Properties with Price Decrease
28 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
2320
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
Buyer's Advantage
26.8
≠
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
$ 349,213
3476 not available
4.0
3.0
7
61
4
4
138
Upper/Second
$ 210,000
2716
5.0 - 10 acres
4.0
2.0
7
61
13
12
93
Upper-middle 25% of properties
Lower/Third
$ 135,250
2138 not available
4.0
2.0
8
62
8
14
112
Lower-middle 25% of properties
Bottom/Fourth
$ 90,000
1.0 - 2.5 acres
3.0
2.0
7
62
7
11
112
Least expensive 25% of properties
Page 22 of 31
1750
Monday January 16, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85142
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85142
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 24 of 31
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85142
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK, 85142 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 26.80 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 25 of 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85142
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in the past 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 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
QUEEN CREEK, AZ 85143
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in QUEEN CREEK, AZ 85143 this week is $114,900. The 255 properties have been on the market for an average of 97 days.
$ 114,900
Average List Price
$ 119,264 $ 54
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
= ±+
Average Days on Market (DoM)
97
=
Inventory of Properties Listed
255
=
Most Expensive Listing
$ 265,000
Least Expensive Listing
$ 30,000
Average Age of Listing
7
Percent of Properties with Price Decrease
25 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
1908
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
26.5
≠
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
$ 165,000
1896 not available
3.0
2.0
7
63
6
3
88
Most expensive 25% of properties
Upper/Second
$ 124,900
2167 not available
4.0
2.0
7
64
10
7
99
Upper-middle 25% of properties
Lower/Third
$ 104,000
1932 not available
4.0
2.0
7
64
13
5
73
Lower-middle 25% of properties
Bottom/Fourth
$ 77,750
1630 not available
3.0
2.0
7
64
5
5
130
Page 27 of 31
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85143
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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
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Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85143
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 climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
Page 29 of 31
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85143
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The QUEEN CREEK, 85143 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 26.47 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 31
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
QUEEN CREEK, AZ 85143
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in the past 71 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 31 of 31
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom