Queen Creek Market Trends and Updates 1-16-2012

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

Page 28 of 31

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