Scottsdale, Az Market Trends and Updates 1-16-2012

Page 1

Solutions Real Estate MARKET UPDATE SCOTTSDALE, 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

SCOTTSDALE, AZ

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ this week is $625,000. The 2035 properties have been on the market for an average of 249 days.

Trend

Median List Price

$ 625,000

Average List Price

$ 1,009,530 $ 201

=

Average Days on Market (DoM)

249

=

Inventory of Properties Listed

2035

Asking Price Per Square Foot

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.

$ 24,500,000

Least Expensive Listing

$ 45,900

Average Age of Listing

19

Percent of Properties with Price Decrease

39 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

10 %

Median House Size (sq ft)

3188

Median Lot Size

Supply and Demand

=

2.5 - 5.0 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

19.2

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:

±+

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

$ 1,900,000

5500

2.5 - 5.0 acres

4.0

5.0

9

508

20

7

383

Most expensive 25% of properties

Upper/Second

$ 799,900

3676

2.5 - 5.0 acres

4.0

3.0

15

509

30

17

320

Upper-middle 25% of properties

Lower/Third

$ 475,000

2724

20+ acres

4.0

3.0

16

509

52

39

171

Lower-middle 25% of properties

Bottom/Fourth

$ 259,900

1938

2.5 - 5.0 acres

3.0

2.0

32

509

61

52

122

Least expensive 25% of properties

Page 2 of 56

Monday January 16, 2012


Single Family Homes in

City Overview

SCOTTSDALE, AZ

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

Median Price This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

City Overview

SCOTTSDALE, AZ

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 4 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

City Overview

SCOTTSDALE, AZ

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

Market Action Index The SCOTTSDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.17. 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 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 56

Monday January 16, 2012


Single Family Homes in

City Overview

SCOTTSDALE, AZ

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

Days on Market The properties have been on the market for an average of 249 days. Half of the listings have come newly on the market in the past 113 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85254

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85254 this week is $332,000. The 204 properties have been on the market for an average of 136 days.

Trend

Median List Price

$ 332,000

Average List Price

$ 375,890 $ 137

Asking Price Per Square Foot

136

=

Inventory of Properties Listed

204

$ 1,790,000

Least Expensive Listing

$ 130,000

Average Age of Listing

28

Percent of Properties with Price Decrease

42 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

7%

Median House Size (sq ft)

2328

Median Lot Size

Supply and Demand

±+

Average Days on Market (DoM)

Most Expensive Listing

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.

=

5.0 - 10 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

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

$ 499,500

3201 10 - 20 acres

4.0

3.0

24

51

5

2

201

Most expensive 25% of properties

Upper/Second

$ 375,000

2364 not available

4.0

2.0

26

51

6

4

138

Upper-middle 25% of properties

Lower/Third

$ 289,900

2257

2.5 - 5.0 acres

4.0

2.0

29

51

10

6

94

Lower-middle 25% of properties

Bottom/Fourth

$ 212,000

1817 not available

3.0

2.0

33

51

2

8

110

Page 7 of 56

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

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

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

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 8 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

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 9 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

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

Market Action Index The SCOTTSDALE, 85254 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 10 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

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

Days on Market The properties have been on the market for an average of 136 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85266

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85266 this week is $681,750. The 178 properties have been on the market for an average of 281 days.

Trend

Median List Price

$ 681,750

Average List Price

$ 943,891 $ 218

Asking Price Per Square Foot

281

Inventory of Properties Listed

178

=

$ 5,295,000

Least Expensive Listing

$ 169,000

Average Age of Listing

13

Percent of Properties with Price Decrease

35 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

3425

Median Lot Size

Supply and Demand

±+

Average Days on Market (DoM)

Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

=

5.0 - 10 acres

Median Number of Bedrooms

3.0

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

16.8

=

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

5010 not available

4.0

5.0

7

44

0

0

351

Most expensive 25% of properties

Top/First

$ 1,772,500

Upper/Second

$ 819,950

3875

5.0 - 10 acres

4.0

3.5

12

44

1

3

401

Upper-middle 25% of properties

Lower/Third

$ 555,000

2824 not available

3.0

3.0

15

45

4

3

222

Lower-middle 25% of properties

Bottom/Fourth

$ 398,900

2234 not available

3.0

2.0

16

45

2

6

153

Least expensive 25% of properties

Page 12 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

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 13 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

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 14 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

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

Market Action Index The SCOTTSDALE, 85266 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.82. 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 15 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

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

Days on Market The properties have been on the market for an average of 281 days. Half of the listings have come newly on the market in the past 124 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85255

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85255 this week is $897,000. The 485 properties have been on the market for an average of 362 days.

Trend

Median List Price

$ 897,000

Average List Price

$ 1,473,833 $ 246

=

Average Days on Market (DoM)

362

=

Inventory of Properties Listed

485

Asking Price Per Square Foot

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.

$ 24,500,000

Least Expensive Listing

$ 176,400

Average Age of Listing

13

Percent of Properties with Price Decrease

43 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

19 %

Median House Size (sq ft)

3910

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

16.0

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

$ 2,695,000

6186 10 - 20 acres

5.0

6.0

6

121

5

0

504

Most expensive 25% of properties

Upper/Second

$ 1,249,988

4448

1.0 - 2.5 acres

4.0

4.0

11

121

5

3

469

Upper-middle 25% of properties

Lower/Third

$ 725,000

3375

2.5 - 5.0 acres

3.0

3.0

14

121

3

9

275

Lower-middle 25% of properties

Bottom/Fourth

$ 430,100

2540 not available

3.0

2.0

14

122

16

12

200

Least expensive 25% of properties

Page 17 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

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

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

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 18 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

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 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

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

Market Action Index The SCOTTSDALE, 85255 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.00. 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 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

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

Days on Market The properties have been on the market for an average of 362 days. Half of the listings have come newly on the market in the past 162 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85262

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85262 this week is $1,092,500. The 408 properties have been on the market for an average of 293 days.

Trend

Median List Price

$ 1,092,500

Average List Price

$ 1,533,806 $ 279

Asking Price Per Square Foot

293

Inventory of Properties Listed

408

±+

$ 11,700,000

Least Expensive Listing

$ 240,000

Average Age of Listing

11

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

3%

Median House Size (sq ft)

4012

Median Lot Size

Supply and Demand

±+

Average Days on Market (DoM)

Most Expensive Listing

The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.

=

5.0 - 10 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

4.0

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

16.6

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

$ 2,750,000

6116 not available

4.0

5.5

9

102

5

1

382

Most expensive 25% of properties

Upper/Second

$ 1,362,500

4526

5.0 - 10 acres

4.0

4.0

11

102

5

2

307

Upper-middle 25% of properties

Lower/Third

$ 825,000

3555

5.0 - 10 acres

3.0

3.0

12

102

3

2

302

Lower-middle 25% of properties

Bottom/Fourth

$ 479,450

2826 10 - 20 acres

3.0

3.0

12

102

15

4

182

Least expensive 25% of properties

Page 22 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

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

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

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 23 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

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 relatively steady around these levels in recent weeks.

7-day Average

Page 24 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

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

Market Action Index The SCOTTSDALE, 85262 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.55. 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 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

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

Days on Market The properties have been on the market for an average of 293 days. Half of the listings have come newly on the market in the past 162 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85251

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85251 this week is $219,000. The 69 properties have been on the market for an average of 134 days.

Trend

Median List Price

$ 219,000

Average List Price

$ 486,644 $ 118

Average Days on Market (DoM)

134

=

Inventory of Properties Listed

69

Asking Price Per Square Foot

Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

$ 2,695,000

Least Expensive Listing

$ 57,900

Average Age of Listing

41

Percent of Properties with Price Decrease

52 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

16 %

Median House Size (sq ft)

1880

Median Lot Size

Supply and Demand

±+

1.0 - 2.5 acres

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

23.3

=

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

Baths

Age Inventory New

Absorbed

DOM

1.0 - 2.5 acres

4.0

4.0

26

17

0

1

169

Most expensive 25% of properties

Top/First

$ 1,150,000

Upper/Second

$ 324,000

2018 not available

3.0

2.0

50

17

1

3

122

Upper-middle 25% of properties

Lower/Third

$ 175,000

1786 not available

3.0

2.0

52

17

2

5

139

Lower-middle 25% of properties

Bottom/Fourth

$ 109,950

1346 not available

2.5

2.0

52

18

2

4

107

Least expensive 25% of properties

Page 27 of 56

3980

Beds

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

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 28 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

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

Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.

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 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

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

Market Action Index The SCOTTSDALE, 85251 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 23.26 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 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

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

Days on Market The properties have been on the market for an average of 134 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 31 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85260

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85260 this week is $405,000. The 160 properties have been on the market for an average of 148 days.

$ 405,000

Average List Price

$ 557,101 $ 161

Asking Price Per Square Foot

148

±+

Inventory of Properties Listed

160

$ 2,800,000

Least Expensive Listing

$ 159,000

Average Age of Listing

23

Percent of Properties with Price Decrease

36 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

6%

Median House Size (sq ft)

2658

Median Lot Size

Supply and Demand

Average Days on Market (DoM)

Most Expensive Listing

Inventory has been tightening but days-on-market and the Market Action Index have been basically unchanged, not providing strong indication for market conditions.

Trend

Median List Price

not available

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

21.8

±+

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

$ 870,250

4280 not available

5.0

4.0

18

40

3

1

206

Most expensive 25% of properties

Upper/Second

$ 525,000

3116 not available

4.0

3.0

26

40

4

4

124

Upper-middle 25% of properties

Lower/Third

$ 354,850

2190 not available

4.0

2.0

21

40

7

2

111

Lower-middle 25% of properties

Bottom/Fourth

$ 250,000

1955 not available

3.0

2.0

22

40

7

3

151

Least expensive 25% of properties

Page 32 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

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

Median Price Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutehigh level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 33 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

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 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

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

Market Action Index The SCOTTSDALE, 85260 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.81. 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 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

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 36 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85258

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85258 this week is $467,000. The 202 properties have been on the market for an average of 226 days.

Trend

Median List Price

$ 467,000

Average List Price

$ 591,140 $ 191

=

Average Days on Market (DoM)

226

=

Inventory of Properties Listed

202

Asking Price Per Square Foot

Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

$ 3,149,000

Least Expensive Listing

$ 169,000

Average Age of Listing

27

Percent of Properties with Price Decrease

47 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

2452

Median Lot Size

Supply and Demand

±+

1.0 - 2.5 acres

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

15.7

=

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

$ 867,450

3541

1.0 - 2.5 acres

4.0

3.0

20

50

3

1

365

Most expensive 25% of properties

Upper/Second

$ 559,000

2720 not available

3.5

3.0

27

50

4

1

320

Upper-middle 25% of properties

Lower/Third

$ 399,000

2212 not available

3.0

2.0

32

51

6

6

124

Lower-middle 25% of properties

Bottom/Fourth

$ 299,900

1920 not available

3.0

2.0

32

51

4

4

100

Least expensive 25% of properties

Page 37 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

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 38 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

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 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

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

Market Action Index The SCOTTSDALE, 85258 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.67. 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 40 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

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

Days on Market The properties have been on the market for an average of 226 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 41 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85259

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85259 this week is $730,000. The 179 properties have been on the market for an average of 200 days.

Trend

Median List Price

$ 730,000

Average List Price

$ 1,028,356 $ 194

=

Average Days on Market (DoM)

200

Inventory of Properties Listed

179

Asking Price Per Square Foot

Most Expensive Listing

Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

$ 7,995,000

Least Expensive Listing

$ 165,000

Average Age of Listing

15

Percent of Properties with Price Decrease

39 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

2%

Median House Size (sq ft)

4024

Median Lot Size

Supply and Demand

±+

1.0 - 2.5 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

4.0

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

19.4

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

Trend Key:

±+

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

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Baths

Age Inventory New

Absorbed

DOM

20+ acres

5.0

6.2

8

44

3

2

254

Most expensive 25% of properties

Top/First

$ 1,849,500

Upper/Second

$ 880,000

4329 not available

5.0

4.5

15

45

3

1

259

Upper-middle 25% of properties

Lower/Third

$ 625,000

3587

0.50 - 1.0 acre

4.0

3.0

16

45

1

2

173

Lower-middle 25% of properties

Bottom/Fourth

$ 399,900

2363 not available

3.0

2.0

18

45

5

1

116

Least expensive 25% of properties

Page 42 of 56

6146

Beds

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

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 44 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

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

Market Action Index The SCOTTSDALE, 85259 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.42. 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 45 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

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

Days on Market The properties have been on the market for an average of 200 days. Half of the listings have come newly on the market in the past 99 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85250

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85250 this week is $289,500. The 68 properties have been on the market for an average of 164 days.

$ 289,500

Average List Price

$ 399,918 $ 137

Asking Price Per Square Foot

±+

164

=

Inventory of Properties Listed

68

$ 1,800,000

Least Expensive Listing

$ 139,000

Average Age of Listing

33

Percent of Properties with Price Decrease

38 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

10 %

Median House Size (sq ft)

2242

Median Lot Size

Supply and Demand

=

Average Days on Market (DoM)

Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

21.5

=

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

$ 699,000

3353 not available

3.0

4.0

19

17

3

1

225

Most expensive 25% of properties

Upper/Second

$ 325,000

2242 not available

3.0

2.0

32

17

2

0

222

Upper-middle 25% of properties

Lower/Third

$ 250,000

2105 not available

3.0

2.0

38

17

2

1

117

Lower-middle 25% of properties

Bottom/Fourth

$ 184,900

1595 not available

3.0

2.0

42

17

4

1

92

Page 47 of 56

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

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

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

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 48 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

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 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

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

Market Action Index The SCOTTSDALE, 85250 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.46. 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 50 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

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

Days on Market The properties have been on the market for an average of 164 days. Half of the listings have come newly on the market in the past 88 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

SCOTTSDALE, AZ 85257

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

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85257 this week is $166,750. The 82 properties have been on the market for an average of 98 days.

$ 166,750

Average List Price

$ 191,499 $ 102

Asking Price Per Square Foot

Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

= ±+

Average Days on Market (DoM)

98

Inventory of Properties Listed

82

Most Expensive Listing

$ 565,000

Least Expensive Listing

$ 45,900

Average Age of Listing

48

Percent of Properties with Price Decrease

44 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

1572

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

23.8

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

$ 344,950

2132 not available

3.0

2.0

51

20

3

0

84

Most expensive 25% of properties

Upper/Second

$ 184,950

1654 not available

3.0

2.0

53

20

4

2

93

Upper-middle 25% of properties

Lower/Third

$ 154,900

1552 not available

3.0

2.0

52

21

2

3

136

Lower-middle 25% of properties

Bottom/Fourth

$ 100,177

1319 not available

3.0

2.0

51

21

1

1

77

Page 52 of 56

Monday January 16, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

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 53 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

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 54 of 56

90-day Average

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

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

Market Action Index The SCOTTSDALE, 85257 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 23.77 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 55 of 56

Monday January 16, 2012


Single Family Homes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

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

Days on Market The properties have been on the market for an average of 98 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 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


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