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