Solutions Real Estate MARKET UPDATE MESA, 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 February 20, 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
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ this week is $144,900. The 1409 properties have been on the market for an average of 117 days.
Trend
Median List Price
$ 144,900
Average List Price
$ 208,169
Asking Price Per Square Foot
$ 81
±+
Average Days on Market (DoM)
117
≠≠
Inventory of Properties Listed
1409
±+
Most Expensive Listing
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
$ 4,600,000
Least Expensive Listing
$ 10,900
Average Age of Listing
23
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1750
Median Lot Size
Supply and Demand
±+
2.5 - 5.0 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
22.5
==
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:
±+
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
$ 334,450
3136
2.5 - 5.0 acres
4.0
3.0
11
352
34
26
147
Most expensive 25% of properties
Upper/Second
$ 172,950
1954 not available
3.0
2.0
16
352
42
28
113
Upper-middle 25% of properties
Lower/Third
$ 120,000
1542 not available
3.0
2.0
27
352
44
49
107
Lower-middle 25% of properties
Bottom/Fourth
$ 70,000
1248 not available
3.0
2.0
33
353
41
25
100
Least expensive 25% of properties
Page 2 of 71
Monday February 20, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
7-day Average
90-day Average
Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Page 3 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 4 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.47. 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 71
Monday February 20, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the past 84 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85205 this week is $116,500. The 118 properties have been on the market for an average of 118 days.
$ 116,500
Average List Price
$ 218,894 $ 76
±+
Average Days on Market (DoM)
118
==
Inventory of Properties Listed
118
≠≠
$ 1,090,000
Least Expensive Listing
$ 35,000
Average Age of Listing
28
Percent of Properties with Price Decrease
23 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
1622
Median Lot Size
Supply and Demand
±+
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.
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
23.7
==
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
$ 445,000
4388 not available
5.0
4.0
18
29
1
4
149
Most expensive 25% of properties
Upper/Second
$ 140,000
1794 not available
3.0
2.0
26
29
4
5
125
Upper-middle 25% of properties
Lower/Third
$ 99,400
1383 not available
3.0
2.0
25
30
4
7
108
Lower-middle 25% of properties
Bottom/Fourth
$ 73,500
1116 not available
2.0
2.0
42
30
1
2
94
Page 7 of 71
Monday February 20, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
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 8 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been 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 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85205 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 23.73 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 10 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 118 days. Half of the listings have come newly on the market in the past 80 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85207 this week is $275,500. The 216 properties have been on the market for an average of 132 days.
Trend
Median List Price
$ 275,500
Average List Price
$ 408,434 $ 108
±+
Average Days on Market (DoM)
132
≠≠
Inventory of Properties Listed
216
±+
Asking Price Per Square Foot
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.
$ 4,600,000
Least Expensive Listing
$ 25,000
Average Age of Listing
13
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
4%
Median House Size (sq ft)
2452
Median Lot Size
Supply and Demand
≠≠
2.5 - 5.0 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Strong Buyer's
20.4
≠≠
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
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 617,450
4055
1.0 - 2.5 acres
4.0
4.0
8
54
5
1
162
Most expensive 25% of properties
Upper/Second
$ 350,000
2762 10 - 20 acres
4.0
3.0
11
54
4
2
174
Upper-middle 25% of properties
Lower/Third
$ 241,450
2129 not available
3.0
2.0
11
54
8
4
104
Lower-middle 25% of properties
Bottom/Fourth
$ 98,700
1388 not available
3.0
2.0
17
54
11
3
89
Page 12 of 71
Monday February 20, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Page 13 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 14 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85207 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.36. 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 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the past 84 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85215 this week is $148,500. The 102 properties have been on the market for an average of 122 days.
$ 148,500
Average List Price
$ 204,747 ±+
Average Days on Market (DoM)
122
==
Inventory of Properties Listed
102
==
Most Expensive Listing
$ 999,000
Least Expensive Listing
$ 55,000
Average Age of Listing
21
Percent of Properties with Price Decrease
31 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
3%
Median House Size (sq ft)
1690
Median Lot Size
Supply and Demand
±+
$ 100
Asking Price Per Square Foot
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
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
14.7
==
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
$ 340,220
2834 not available
3.0
2.5
16
25
4
4
130
Most expensive 25% of properties
Upper/Second
$ 199,900
1923 not available
3.0
2.0
18
25
2
2
124
Upper-middle 25% of properties
Lower/Third
$ 119,250
1320 not available
2.0
2.0
20
26
4
1
134
Lower-middle 25% of properties
Bottom/Fourth
$ 77,000
801 not available
2.0
2.0
26
26
0
1
101
Least expensive 25% of properties
Page 17 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
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 18 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been 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 19 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85215 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.72. 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 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 122 days. Half of the listings have come newly on the market in the past 110 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85206 this week is $140,000. The 143 properties have been on the market for an average of 133 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 140,000
Average List Price
$ 156,638
±+
Asking Price Per Square Foot
$ 88
±+
Average Days on Market (DoM)
133
==
Inventory of Properties Listed
143
==
Most Expensive Listing
$ 950,000
Least Expensive Listing
$ 45,000
Average Age of Listing
27
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
1%
Median House Size (sq ft)
1622
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
2.0
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
18.6
≠≠
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
$ 199,900
1891 not available
3.0
2.0
25
35
4
0
142
Most expensive 25% of properties
Upper/Second
$ 154,450
1654 not available
2.0
2.0
32
36
6
5
146
Upper-middle 25% of properties
Lower/Third
$ 126,495
1590 not available
2.0
2.0
32
36
8
1
134
Lower-middle 25% of properties
Bottom/Fourth
$ 99,400
1344 not available
2.0
2.0
28
36
5
2
110
Least expensive 25% of properties
Page 22 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
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 23 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been 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 24 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85206 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.61. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 25 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 133 days. Half of the listings have come newly on the market in the past 98 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85208 this week is $110,000. The 179 properties have been on the market for an average of 98 days.
$ 110,000
Average List Price
$ 113,419 ±+
Average Days on Market (DoM)
98
≠≠
Inventory of Properties Listed
179
±+
Most Expensive Listing
$ 399,000
Least Expensive Listing
$ 27,700
Average Age of Listing
27
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
1365
Median Lot Size
Supply and Demand
==
$ 72
Asking Price Per Square Foot
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.
Trend
Median List Price
not available
Median Number of Bedrooms
2.0
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
23.0
≠≠
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
$ 161,950
1500 not available
2.0
2.0
26
44
3
2
133
Upper/Second
$ 128,000
1460 not available
2.0
2.0
30
45
3
4
79
Upper-middle 25% of properties
Lower/Third
$ 89,800
1284 not available
2.0
2.0
26
45
3
7
90
Lower-middle 25% of properties
Bottom/Fourth
$ 52,900
1274 not available
2.0
2.0
35
45
3
0
91
Least expensive 25% of properties
Page 27 of 71
Monday February 20, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot In a market where prices are rising fairly consistently, 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 29 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85208 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 23.05 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 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
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 84 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85209 this week is $185,000. The 145 properties have been on the market for an average of 115 days.
Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.
$ 185,000
Average List Price
$ 189,844
==
Asking Price Per Square Foot
$ 88
±+
Average Days on Market (DoM)
115
±+
Inventory of Properties Listed
145
≠≠
Most Expensive Listing
$ 399,900
Least Expensive Listing
$ 34,900
Average Age of Listing
14
Percent of Properties with Price Decrease
37 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
3%
Median House Size (sq ft)
1884
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
Strong Buyer's
20.5
==
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
$ 287,450
2154 not available
3.0
2.0
10
36
3
6
165
Most expensive 25% of properties
Upper/Second
$ 209,950
1889 not available
3.0
2.0
13
36
1
3
110
Upper-middle 25% of properties
Lower/Third
$ 159,950
1932 not available
3.0
2.0
15
36
1
3
94
Lower-middle 25% of properties
Bottom/Fourth
$ 108,000
1452 not available
3.0
2.0
12
37
2
3
91
Least expensive 25% of properties
Page 32 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Despite this week's down tic, price trends in this zip code have generally been moving up lately. 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 33 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot In a market where prices are rising fairly consistently, 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 34 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85209 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.54. 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 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 115 days. Half of the listings have come newly on the market in the past 70 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85210 this week is $99,750. The 46 properties have been on the market for an average of 137 days.
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.
$ 99,750
Average List Price
$ 104,883
≠≠
Asking Price Per Square Foot
$ 63
≠≠
Average Days on Market (DoM)
137
==
Inventory of Properties Listed
46
≠≠
Most Expensive Listing
$ 269,000
Least Expensive Listing
$ 31,000
Average Age of Listing
43
Percent of Properties with Price Decrease
15 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
1452
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
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Action Index
Seller's Advantage
33.1
==
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 165,000
2670 not available
4.0
3.0
31
11
1
3
63
Upper/Second
$ 115,000
1635 not available
3.0
2.0
34
11
1
4
126
Upper-middle 25% of properties
Lower/Third
$ 81,950
1336 not available
3.0
2.0
38
12
2
3
236
Lower-middle 25% of properties
Bottom/Fourth
$ 44,400
1106 not available
3.0
1.0
56
12
3
1
117
Least expensive 25% of properties
Page 37 of 71
Monday February 20, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high 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 38 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market's 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 39 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85210 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 33.13 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 40 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 137 days. Half of the listings have come newly on the market in the past 74 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85201 this week is $79,900. The 55 properties have been on the market for an average of 132 days.
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.
$ 79,900
Average List Price
$ 133,481
±+
Asking Price Per Square Foot
$ 60
±+
Average Days on Market (DoM)
132
±+
Inventory of Properties Listed
55
±+
Most Expensive Listing
$ 599,000
Least Expensive Listing
$ 13,000
Average Age of Listing
41
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
Median House Size (sq ft)
1436
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
25.3
≠≠
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
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 299,994
2724 not available
4.0
2.0
40
13
1
0
168
Most expensive 25% of properties
Upper/Second
$ 114,950
1561 not available
3.0
2.0
31
14
4
1
130
Upper-middle 25% of properties
Lower/Third
$ 74,000
1368 not available
3.0
2.0
43
14
2
3
143
Lower-middle 25% of properties
Bottom/Fourth
$ 43,450
1150 not available
3.0
2.0
58
14
0
0
89
Page 42 of 71
Monday February 20, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
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 43 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 44 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85201 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 25.29 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 45 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the past 84 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85212 this week is $189,000. The 123 properties have been on the market for an average of 105 days.
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
$ 189,000
Average List Price
$ 190,235
==
Asking Price Per Square Foot
$ 79
==
Average Days on Market (DoM)
105
==
Inventory of Properties Listed
123
==
Most Expensive Listing
$ 435,000
Least Expensive Listing
$ 75,000
Average Age of Listing
7
Percent of Properties with Price Decrease
31 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
17 %
Median House Size (sq ft)
2234
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Strong Buyer's
21.3
±+
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
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 249,495
3197 not available
4.0
3.0
4
30
4
0
113
Upper/Second
$ 199,900
2475 not available
4.0
3.0
6
31
3
0
98
Upper-middle 25% of properties
Lower/Third
$ 169,900
2070 not available
4.0
2.0
9
31
11
1
120
Lower-middle 25% of properties
Bottom/Fourth
$ 129,000
1600 not available
3.0
2.0
12
31
3
0
89
Page 47 of 71
Monday February 20, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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 49 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85212 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.34. 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 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 105 days. Half of the listings have come newly on the market in the past 70 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85202 this week is $135,000. The 41 properties have been on the market for an average of 101 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
$ 135,000
Average List Price
$ 133,016
==
Asking Price Per Square Foot
$ 77
==
Average Days on Market (DoM)
101
≠≠
Inventory of Properties Listed
41
≠≠
Most Expensive Listing
$ 280,000
Least Expensive Listing
$ 24,900
Average Age of Listing
35
Percent of Properties with Price Decrease
27 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
1682
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
27.5
==
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
$ 196,250
2148 not available
4.0
2.0
33
10
1
1
82
Upper/Second
$ 148,450
1792 not available
3.0
2.0
33
10
0
2
144
Upper-middle 25% of properties
Lower/Third
$ 117,500
1534 not available
3.0
2.0
36
10
0
3
120
Lower-middle 25% of properties
Bottom/Fourth
$ 75,000
1267 not available
3.0
2.0
37
11
0
2
63
Page 52 of 71
Monday February 20, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85202 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.47 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 55 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 101 days. Half of the listings have come newly on the market in the past 42 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 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85213 this week is $249,900. The 77 properties have been on the market for an average of 113 days.
Trend
Median List Price
$ 249,900
Average List Price
$ 340,152
Asking Price Per Square Foot
$ 90
±+
Average Days on Market (DoM)
113
≠≠
Inventory of Properties Listed
77
≠≠
Most Expensive Listing
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
$ 2,800,000
Least Expensive Listing
$ 54,800
Average Age of Listing
25
Percent of Properties with Price Decrease
31 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
1%
Median House Size (sq ft)
2656
Median Lot Size
Supply and Demand
≠≠
1.0 - 2.5 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
19.6
==
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
$ 550,000
4318
1.0 - 2.5 acres
5.0
4.0
11
19
1
4
170
Most expensive 25% of properties
Upper/Second
$ 339,900
3516 not available
4.0
3.0
24
19
2
1
112
Upper-middle 25% of properties
Lower/Third
$ 199,900
2413 not available
4.0
2.0
25
19
1
2
79
Lower-middle 25% of properties
Bottom/Fourth
$ 92,329
1310 not available
3.0
2.0
32
20
1
3
92
Least expensive 25% of properties
Page 57 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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 58 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
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 59 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85213 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.60. 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 60 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in the past 70 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 61 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85203 this week is $119,000. The 67 properties have been on the market for an average of 114 days.
Inventory has been tightening and days-on-market decreasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
$ 119,000
Average List Price
$ 156,008
±+
Asking Price Per Square Foot
$ 68
±+
Average Days on Market (DoM)
114
≠≠
Inventory of Properties Listed
67
≠≠
Most Expensive Listing
$ 699,999
Least Expensive Listing
$ 35,900
Average Age of Listing
36
Percent of Properties with Price Decrease
28 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
Median House Size (sq ft)
1777
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
24.1
±+
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
$ 310,000
3116 not available
4.0
3.0
28
16
0
1
194
Upper/Second
$ 139,000
1915 not available
3.0
2.0
38
17
5
3
44
Upper-middle 25% of properties
Lower/Third
$ 92,999
1504 not available
3.0
2.0
34
17
0
1
122
Lower-middle 25% of properties
Bottom/Fourth
$ 65,000
1453 not available
3.0
2.0
43
17
1
1
100
Least expensive 25% of properties
Page 62 of 71
Monday February 20, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
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 63 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been 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 64 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85203 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 24.06 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 65 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in the past 70 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 66 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85204 this week is $89,500. The 97 properties have been on the market for an average of 96 days.
$ 89,500
Average List Price
$ 108,068 ±+
Average Days on Market (DoM)
96
≠≠
Inventory of Properties Listed
97
==
Most Expensive Listing
$ 629,900
Least Expensive Listing
$ 10,900
Average Age of Listing
34
Percent of Properties with Price Decrease
20 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1550
Median Lot Size
Supply and Demand
±+
$ 62
Asking Price Per Square Foot
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.
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
28.4
==
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
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 152,996
1928 not available
4.0
2.0
29
24
8
5
75
Upper/Second
$ 100,900
1614 not available
3.0
2.0
32
24
3
8
120
Upper-middle 25% of properties
Lower/Third
$ 75,750
1286 not available
3.0
2.0
30
24
6
1
127
Lower-middle 25% of properties
Bottom/Fourth
$ 57,000
1268 not available
3.0
2.0
41
25
7
3
63
Page 67 of 71
Monday February 20, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
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 68 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been 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 69 of 71
90-day Average
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85204 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.37 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 70 of 71
Monday February 20, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 96 days. Half of the listings have come newly on the market in the past 63 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 71 of 71
Second/Upper
Third/Lower
Monday February 20, 2012
Fourth/Bottom