The Melcher Agency
Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 06/01/07 - 06/30/09
KEY INFORMATION Jun-07
Jun-09
Price Change
Percent Change
Average
356,273
172,241
-184,032
-51.7
Median
260,000
126,000
-134,000
-51.5
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
07/04/09
The Melcher Agency
Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 06/01/07 - 06/30/09
Time Period
# Properties Sold
Sold Average $
Sold Median $
Average $ - Median $
Median $ as % of Average $
Sold Avg DOM
Jun-09
9,212
172,241
126,000
46,241
73.2
87
May-09
9,118
164,399
120,000
44,399
73.0
81
Apr-09
8,372
160,340
116,000
44,340
72.4
83
Mar-09
7,437
160,183
120,000
40,183
74.9
85
Feb-09
5,316
173,748
125,000
48,748
71.9
84
Jan-09
4,607
181,402
130,000
51,402
71.7
77
Dec-08
5,397
192,048
144,000
48,048
75.0
74
Nov-08
4,258
205,193
152,000
53,193
74.1
69
Oct-08
5,268
213,121
165,000
48,121
77.4
71
Sep-08
5,987
220,017
172,500
47,517
78.4
72
Aug-08
5,490
239,520
186,000
53,520
77.7
81
Jul-08
5,788
251,308
193,000
58,308
76.8
91
Jun-08
5,577
267,609
204,798
62,811
76.5
99
May-08
5,452
274,616
210,000
64,616
76.5
96
Apr-08
4,677
283,395
216,632
66,763
76.4
103
Mar-08
4,118
300,184
217,700
82,484
72.5
99
Feb-08
3,295
299,121
220,000
79,121
73.6
103
Jan-08
2,780
318,784
227,604
91,179
71.4
107
Dec-07
3,238
318,953
235,000
83,953
73.7
103
Nov-07
3,202
325,958
241,838
84,120
74.2
95
Oct-07
3,310
329,255
240,000
89,255
72.9
97
Sep-07
3,265
312,042
242,733
69,309
77.8
94
Aug-07
4,172
349,860
250,000
99,860
71.5
92
Jul-07
4,542
349,711
260,000
89,711
74.4
94
Jun-07
5,259
356,273
260,000
96,273
73.0
90
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
07/04/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 06/01/07 - 06/30/09
KEY INFORMATION Jun-07
Jun-09
Change
Percent Change
4,625
10,431
5,806
125.5
New
13,909
12,106
-1,803
-13.0
Residual Inventory
43,494
28,486
-15,008
-34.5
Under Contract
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
07/04/09
The Melcher Agency
Market Dynamics Basic Absorption 2 Years (Monthly) 06/01/07 - 06/30/09 Time Period
# Properties Under Contract
# New Properties Listed
# Residual Inventory Properties
Under Contract / New %
Under Contract / Residual Inventory %
Jun-09
10,431
12,106
28,486
86.16
36.62
May-09
8,934
10,713
32,470
83.39
27.51
Apr-09
10,119
10,866
36,130
93.13
28.01
Mar-09
9,045
13,971
38,681
64.74
23.38
Feb-09
7,002
12,382
41,509
56.55
16.87
Jan-09
6,091
13,440
41,724
45.32
14.60
Dec-08
5,056
11,666
44,648
43.34
11.32
Nov-08
3,916
12,142
45,087
32.25
8.69
Oct-08
4,749
14,335
42,289
33.13
11.23
Sep-08
5,061
13,929
40,687
36.33
12.44
Aug-08
5,177
13,262
40,426
39.04
12.81
Jul-08
7,331
13,196
40,328
55.55
18.18
Jun-08
6,165
13,250
42,359
46.53
14.55
May-08
5,694
12,746
44,388
44.67
12.83
Apr-08
5,487
13,457
45,206
40.77
12.14
Mar-08
4,565
13,174
45,931
34.65
9.94
Feb-08
3,879
12,700
46,153
30.54
8.40
Jan-08
3,445
15,540
42,760
22.17
8.06
Dec-07
2,765
8,706
45,925
31.76
6.02
Nov-07
3,113
11,284
48,103
27.59
6.47
Oct-07
3,365
13,834
46,326
24.32
7.26
Sep-07
3,076
12,515
47,032
24.58
6.54
Aug-07
3,609
14,423
45,161
25.02
7.99
Jul-07
4,090
13,467
44,653
30.37
9.16
Jun-07
4,625
13,909
43,494
33.25
10.63
BrokerMetricsÂŽ
2 of 2 Information not guaranteed. Š 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
07/04/09
The Melcher Agency
Market Dynamics Median Price (FS, Sold) 2 Years (Monthly) 06/01/07 - 06/30/09
KEY INFORMATION Jun-07
Jun-09
Median Price Change
Percent Change
For Sale
289,000
180,000
-109,000
-37.7
Sold
260,000
126,000
-134,000
-51.5
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
07/04/09
The Melcher Agency
Market Dynamics Median Price (FS, Sold) 2 Years (Monthly) 06/01/07 - 06/30/09
Time Period
FOR SALE Median $ # Properties
UNDER CONTRACT Median $ # Properties
Jun-09
180,000
52,982
127,415
May-09
184,500
55,570
Apr-09
179,900
61,022
Mar-09
174,900
Feb-09
SOLD Median $ # Properties
EXPIRED Median $ # Properties
NEW LISTINGS Median $ # Properties
10,431
126,000
9,212
209,762
5,356
145,000
12,106
126,900
8,934
120,000
9,118
219,900
5,765
149,000
10,713
120,000
10,119
116,000
8,372
199,900
6,050
149,900
10,866
66,157
119,900
9,045
120,000
7,437
182,250
6,960
139,900
13,971
175,000
65,988
122,000
7,002
125,000
5,316
179,250
6,806
150,000
12,382
Jan-09
179,000
68,491
129,900
6,091
130,000
4,607
199,900
8,792
161,100
13,440
Dec-08
179,900
67,834
139,900
5,056
144,000
5,397
199,900
7,752
139,000
11,666
Nov-08
189,900
67,155
145,500
3,916
152,000
4,258
210,000
7,081
157,334
12,142
Oct-08
196,000
67,396
150,000
4,749
165,000
5,268
219,000
7,639
162,000
14,335
Sep-08
200,000
66,021
169,000
5,061
172,500
5,987
225,000
7,907
169,900
13,929
Aug-08
214,900
65,051
175,000
5,177
186,000
5,490
231,960
7,744
175,000
13,262
Jul-08
220,000
67,748
187,900
7,331
193,000
5,788
239,000
8,730
182,250
13,196
Jun-08
229,900
68,598
199,900
6,165
204,798
5,577
249,500
9,161
192,171
13,250
May-08
239,500
70,371
209,994
5,694
210,000
5,452
251,995
8,692
205,000
12,746
Apr-08
245,000
70,375
219,888
5,487
216,632
4,677
249,900
8,620
219,900
13,457
Mar-08
249,900
70,203
224,900
4,565
217,700
4,118
260,000
8,246
224,900
13,174
Feb-08
250,000
68,818
226,677
3,879
220,000
3,295
260,000
7,867
232,272
12,700
Jan-08
257,900
68,811
229,900
3,445
227,604
2,780
260,000
8,952
240,000
15,540
Dec-07
260,000
66,665
239,900
2,765
235,000
3,238
269,900
10,431
239,000
8,706
Nov-07
265,000
69,854
249,900
3,113
241,838
3,202
274,945
8,726
245,250
11,284
Oct-07
269,900
71,942
249,900
3,365
240,000
3,310
279,900
9,978
250,000
13,834
Sep-07
275,000
70,528
250,000
3,076
242,733
3,265
284,000
9,241
255,000
12,515
Aug-07
279,000
70,801
255,000
3,609
250,000
4,172
289,000
9,335
259,900
14,423
Jul-07
282,000
68,989
259,900
4,090
260,000
4,542
295,000
8,560
264,900
13,467
Jun-07
289,000
68,899
264,990
4,625
260,000
5,259
299,900
8,835
269,700
13,909
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
07/04/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 06/01/07 - 06/30/09
KEY INFORMATION Jun-07
Jun-09
Change
Percent Change
MSI
12.2
3.6
-8.6
-70.7
DOM
92
79
-12
-13.6
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
07/04/09
The Melcher Agency
Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 06/01/07 - 06/30/09 Time Period
Months Supply of Inventory
NAR MSI
# Properties For Sale Last Day of Month
# Properties Under Contract
Under Contract Average DOM
# Properties Sold
Jun-09
3.6
4.0
37,199
10,431
79
9,212
May-09
4.6
4.5
40,876
8,934
84
9,118
Apr-09
4.4
5.4
44,857
10,119
82
8,372
Mar-09
5.5
6.7
50,156
9,045
83
7,437
Feb-09
7.5
9.8
52,186
7,002
85
5,316
Jan-09
8.8
11.6
53,609
6,091
84
4,607
Dec-08
10.9
10.2
55,053
5,056
78
5,397
Nov-08
14.3
13.2
56,170
3,916
70
4,258
Oct-08
11.6
10.4
55,017
4,749
66
5,268
Sep-08
10.5
8.9
53,062
5,061
71
5,987
Aug-08
10.1
9.5
52,099
5,177
75
5,490
Jul-08
7.1
8.9
51,751
7,331
84
5,788
Jun-08
8.8
9.7
54,189
6,165
93
5,577
May-08
9.8
10.3
55,887
5,694
96
5,452
Apr-08
10.5
12.3
57,353
5,487
97
4,677
Mar-08
12.7
14.1
57,929
4,565
101
4,118
Feb-08
14.9
17.5
57,674
3,879
99
3,295
Jan-08
16.5
20.5
56,896
3,445
105
2,780
Dec-07
19.5
16.7
54,016
2,765
109
3,238
Nov-07
18.8
18.3
58,557
3,113
98
3,202
Oct-07
17.6
17.9
59,193
3,365
97
3,310
Sep-07
19.1
18.0
58,787
3,076
95
3,265
Aug-07
16.2
14.0
58,605
3,609
96
4,172
Jul-07
14.0
12.6
57,150
4,090
96
4,542
Jun-07
12.2
10.7
56,378
4,625
92
5,259
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
07/04/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 06/01/07 - 06/30/09
KEY INFORMATION Jun-07
Jun-09
# Units Change
For Sale
68,899
52,982
-15,917
-23.1
Under Contract
4,625
10,431
5,806
125.5
Sold
5,259
9,212
3,953
75.2
MLS: ARMLS
Period:
Property Types:
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
All MLS:
Arizona Regional MLS
BrokerMetrics®
2 Years (Monthly)
Price:
All
Percent Change
Construction Type:
All
Bedrooms:
All
Bathrooms:
All
Lot Size: All Sq Ft:
1 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
All
07/04/09
The Melcher Agency
Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 06/01/07 - 06/30/09
Time Period
FOR SALE # Properties Average DOM
Jun-09
52,982
126
May-09
55,570
Apr-09
61,022
Mar-09
UNDER CONTRACT # Properties Average DOM
SOLD # Properties Average DOM
EXPIRED # Properties Average DOM
NEW LISTINGS # Properties
10,431
79
9,212
87
5,356
167
12,106
129
8,934
84
9,118
81
5,765
162
10,713
125
10,119
82
8,372
83
6,050
157
10,866
66,157
121
9,045
83
7,437
85
6,960
150
13,971
Feb-09
65,988
121
7,002
85
5,316
84
6,806
144
12,382
Jan-09
68,491
124
6,091
84
4,607
77
8,792
167
13,440
Dec-08
67,834
124
5,056
78
5,397
74
7,752
158
11,666
Nov-08
67,155
119
3,916
70
4,258
69
7,081
151
12,142
Oct-08
67,396
116
4,749
66
5,268
71
7,639
148
14,335
Sep-08
66,021
116
5,061
71
5,987
72
7,907
152
13,929
Aug-08
65,051
118
5,177
75
5,490
81
7,744
153
13,262
Jul-08
67,748
118
7,331
84
5,788
91
8,730
150
13,196
Jun-08
68,598
119
6,165
93
5,577
99
9,161
159
13,250
May-08
70,371
120
5,694
96
5,452
96
8,692
152
12,746
Apr-08
70,375
117
5,487
97
4,677
103
8,620
151
13,457
Mar-08
70,203
118
4,565
101
4,118
99
8,246
154
13,174
Feb-08
68,818
117
3,879
99
3,295
103
7,867
148
12,700
Jan-08
68,811
116
3,445
105
2,780
107
8,952
144
15,540
Dec-07
66,665
124
2,765
109
3,238
103
10,431
162
8,706
Nov-07
69,854
115
3,113
98
3,202
95
8,726
140
11,284
Oct-07
71,942
110
3,365
97
3,310
97
9,978
140
13,834
Sep-07
70,528
108
3,076
95
3,265
94
9,241
138
12,515
Aug-07
70,801
105
3,609
96
4,172
92
9,335
133
14,423
Jul-07
68,989
103
4,090
96
4,542
94
8,560
133
13,467
Jun-07
68,899
101
4,625
92
5,259
90
8,835
134
13,909
BrokerMetrics®
2 of 2 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
07/04/09