Monday May 3, 2010
Tamara Keilberg's Executive Summary
COLLEYVILLE, TX 76034 Single Family Homes
This Week The median list price in COLLEYVILLE, TX 76034 this week is $575,000. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Real-Time Market Profile
Trend
Median List Price $ 575,000 Asking Price Per Square Foot $ 134 Average Days on Market (DOM) 248 Percent of Properties with Price Decrease 37 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 4155 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 4.0
== ≠≠ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
±+
No change
4.0
Strong Buyer's
15.3
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 1,050,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
5988
0.50 - 1.0 acre
5.0
5.5
6
67
2
0
332
Most expensive 25% of properties
$ 695,000
4846
0.50 - 1.0 acre
4.0
4.5
10
68
2
3
270
Upper-middle 25% of properties
Lower/Third
$ 479,950
3910
0.25 - 0.50 acre
4.0
3.5
17
68
4
4
219
Lower-middle 25% of properties
Bottom/Fourth
$ 349,450
3026
0.25 - 0.50 acre
4.0
3.0
22
68
3
7
171
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE COLLEYVILLE, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
COLLEYVILLE, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in COLLEYVILLE, TX this week is $575,000. The 271 properties have been on the market for an average of 248 days.
Trend
Median List Price
$ 575,000
Average List Price
$ 756,861 $ 134
≠≠
Average Days on Market (DoM)
248
≠≠
Inventory of Properties Listed
271
==
Asking Price Per Square Foot
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.
$ 8,950,000
Least Expensive Listing
$ 159,900
Average Age of Listing
14
Percent of Properties with Price Decrease
37 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
3%
Median House Size (sq ft)
4155
Median Lot Size
Supply and Demand
==
0.50 - 1.0 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
4.0
Altos Research Value Statistics
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Market Action Index
Strong Buyer's
15.3
==
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
$ 1,050,000
5988
0.50 - 1.0 acre
5.0
5.5
6
67
2
0
332
Most expensive 25% of properties
Upper/Second
$ 695,000
4846
0.50 - 1.0 acre
4.0
4.5
10
68
2
3
270
Upper-middle 25% of properties
Lower/Third
$ 479,950
3910
0.25 - 0.50 acre
4.0
3.5
17
68
4
4
219
Lower-middle 25% of properties
Bottom/Fourth
$ 349,450
3026
0.25 - 0.50 acre
4.0
3.0
22
68
3
7
171
Least expensive 25% of properties
Page 2 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Median Price This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
7-day Average
90-day Average
Quartile Prices Most of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.
First/Top
Page 3 of 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.
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 4 of 6
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Market Action Index The COLLEYVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.28. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Days on Market The properties have been on the market for an average of 248 days. Half of the listings have come newly on the market in the past 182 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 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Monday May 3, 2010
Tamara Keilberg's Executive Summary
SOUTHLAKE, TX 76092 Single Family Homes
This Week The median list price in SOUTHLAKE, TX 76092 this week is $653,250. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 653,250 Asking Price Per Square Foot $ 149 Average Days on Market (DOM) 255 Percent of Properties with Price Decrease 35 % Percent Relisted (reset DOM) 6% Percent Flip (price increased) 2% Median House Size (sq ft) 4420 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 5.0
±+ ≠≠ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
±+
No change
4.0
Strong Buyer's
13.5
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 1,450,000
6490
Upper/Second
$ 759,000
Lower/Third Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5 acres
5.0
6.0
4
85
2
3
352
Most expensive 25% of properties
4981
0.25 - 0.50 acre
5.0
4.5
6
85
3
3
276
Upper-middle 25% of properties
$ 562,500
4170
0.50 - 1.0 acre
4.0
4.0
13
86
4
5
194
Lower-middle 25% of properties
$ 429,000
3434
0.25 - 0.50 acre
4.0
3.2
16
86
2
5
201
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE SOUTHLAKE, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
SOUTHLAKE, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in SOUTHLAKE, TX this week is $653,250. The 342 properties have been on the market for an average of 255 days.
Trend
Median List Price
$ 653,250
Average List Price
$ 882,812 $ 149
≠≠
Average Days on Market (DoM)
255
≠≠
Inventory of Properties Listed
342
==
Asking Price Per Square Foot
Most Expensive Listing
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
$ 5,595,000
Least Expensive Listing
$ 130,550
Average Age of Listing
11
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
2%
Median House Size (sq ft)
4420
Median Lot Size
Supply and Demand
±+
0.50 - 1.0 acre
Median Number of Bedrooms
5.0
Median Number of Bathrooms
4.0
Altos Research Value Statistics
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Market Action Index
Strong Buyer's
13.5
≠≠
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
$ 1,450,000
6490
1.0 - 2.5 acres
5.0
6.0
4
85
2
3
352
Most expensive 25% of properties
Upper/Second
$ 759,000
4981
0.25 - 0.50 acre
5.0
4.5
6
85
3
3
276
Upper-middle 25% of properties
Lower/Third
$ 562,500
4170
0.50 - 1.0 acre
4.0
4.0
13
86
4
5
194
Lower-middle 25% of properties
Bottom/Fourth
$ 429,000
3434
0.25 - 0.50 acre
4.0
3.2
16
86
2
5
201
Least expensive 25% of properties
Page 2 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, TX
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 While prices at the lower end of the market has been in a down-trend lately, the upper half of the market has not. Quartile 1 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend of the rest of the market.
First/Top
Page 3 of 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, TX
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 are tending to get more home for their money.
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 4 of 6
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, TX
Market Action Index The SOUTHLAKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 13.48. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, TX
Days on Market The properties have been on the market for an average of 255 days. Half of the listings have come newly on the market in the past 182 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 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Monday May 3, 2010
Tamara Keilberg's Executive Summary
ROANOKE, TX 76262 Single Family Homes
This Week The median list price in ROANOKE, TX 76262 - Westlake this week is $377,194. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Real-Time Market Profile
Trend
Median List Price $ 377,194 Asking Price Per Square Foot $ 113 Average Days on Market (DOM) 238 Percent of Properties with Price Decrease 34 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 7% Median House Size (sq ft) 3307 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
== == ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
±+
No change
3.5
Strong Buyer's
15.8
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 1,477,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
5846
0.50 - 1.0 acre
5.0
5.5
5
80
1
1
414
Most expensive 25% of properties
$ 489,450
4068
0.25 - 0.50 acre
4.0
4.0
6
80
4
3
213
Upper-middle 25% of properties
Lower/Third
$ 287,000
2907
0.25 - 0.50 acre
4.0
2.5
14
81
6
8
205
Lower-middle 25% of properties
Bottom/Fourth
$ 149,900
1832
4,501 6,500 sqft
3.0
2.0
8
81
6
10
122
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE ROANOKE, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
ROANOKE, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in ROANOKE, TX this week is $377,194. The 322 properties have been on the market for an average of 238 days.
Trend
Median List Price
$ 377,194
Average List Price
$ 714,214 $ 113
==
Average Days on Market (DoM)
238
≠≠
Inventory of Properties Listed
322
≠≠
Asking Price Per Square Foot
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.
$ 9,000,000
Least Expensive Listing
$ 68,500
Average Age of Listing
10
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
7%
Median House Size (sq ft)
3307
Median Lot Size
Supply and Demand
==
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.5
Altos Research Value Statistics
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Market Action Index
Strong Buyer's
15.8
==
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
$ 1,477,000
5846
0.50 - 1.0 acre
5.0
5.5
5
80
1
1
414
Most expensive 25% of properties
Upper/Second
$ 489,450
4068
0.25 - 0.50 acre
4.0
4.0
6
80
4
3
213
Upper-middle 25% of properties
Lower/Third
$ 287,000
2907
0.25 - 0.50 acre
4.0
2.5
14
81
6
8
205
Lower-middle 25% of properties
Bottom/Fourth
$ 149,900
1832
4,501 6,500 sqft
3.0
2.0
8
81
6
10
122
Least expensive 25% of properties
Page 2 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
Median Price Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run recently.
7-day Average
90-day Average
Quartile Prices Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are up while Quartiles 3 and 1 are basically flat in recent weeks. Watch for persistent shifts in the Market Action Index for a leading indicator of stronger price moves in the market as a whole.
First/Top
Page 3 of 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
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 4 of 6
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
Market Action Index The ROANOKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.79. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 6
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
Days on Market The properties have been on the market for an average of 238 days. Half of the listings have come newly on the market in the past 133 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 6
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Monday May 3, 2010
Tamara Keilberg's Executive Summary
KELLER, TX 76244 Single Family Homes
This Week The median list price in KELLER, TX 76244 this week is $174,900.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Real-Time Market Profile
Trend
Median List Price $ 174,900 Asking Price Per Square Foot $ 77 Average Days on Market (DOM) 75 Percent of Properties with Price Decrease 41 % Percent Relisted (reset DOM) 6% Percent Flip (price increased) 4% Median House Size (sq ft) 2410 Median Lot Size 4,501 - 6,500 sqft Median Number of Bedrooms 4.0
≠≠ ±+ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
±+
No change
2.5
Strong Buyer's
17.5
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 270,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3362
8,001 10,000 sqft
4.0
3.0
4
161
10
6
88
Most expensive 25% of properties
$ 189,900
2593
6,501 8,000 sqft
4.0
2.5
5
161
10
12
71
Upper-middle 25% of properties
Lower/Third
$ 160,000
2190
4,501 6,500 sqft
4.0
2.0
5
161
8
6
66
Lower-middle 25% of properties
Bottom/Fourth
$ 139,900
1857
4,501 6,500 sqft
3.0
2.0
6
162
10
12
74
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Monday May 3, 2010
Tamara Keilberg's Executive Summary
KELLER, TX 76248 Single Family Homes
This Week The median list price in KELLER, TX 76248 this week is $299,900.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 299,900 Asking Price Per Square Foot $ 96 Average Days on Market (DOM) 214 Percent of Properties with Price Decrease 41 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 3% Median House Size (sq ft) 3155 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
≠≠ ±+ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
±+
No change
3.0
Strong Buyer's
16.4
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Prices in this zip code seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 522,495
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
4228
0.25 - 0.50 acre
4.0
4.0
6
100
5
3
221
Most expensive 25% of properties
$ 349,900
3433
0.25 - 0.50 acre
4.0
3.5
9
101
4
4
204
Upper-middle 25% of properties
Lower/Third
$ 268,000
2951
8,001 10,000 sqft
4.0
3.0
12
101
3
5
206
Lower-middle 25% of properties
Bottom/Fourth
$ 157,500
1921
6,501 8,000 sqft
3.0
2.0
10
101
4
3
226
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE KELLER, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
KELLER, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in KELLER, TX this week is $203,050. The 1048 properties have been on the market for an average of 129 days.
Trend
Median List Price
$ 203,050
Average List Price
$ 251,060
Asking Price Per Square Foot
$ 82
≠≠
Average Days on Market (DoM)
129
±+
Inventory of Properties Listed
1048
==
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
8
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2656
Median Lot Size
Supply and Demand
≠≠
6,501 - 8,000 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Market Action Index
Strong Buyer's
17.1
≠≠
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:
±+
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
$ 389,900
3793
0.25 - 0.50 acre
4.0
3.5
7
262
14
9
191
Most expensive 25% of properties
Upper/Second
$ 249,900
2930
8,001 10,000 sqft
4.0
3.0
6
262
11
14
132
Upper-middle 25% of properties
Lower/Third
$ 175,000
2414
4,501 6,500 sqft
4.0
2.5
5
262
14
12
95
Lower-middle 25% of properties
Bottom/Fourth
$ 140,000
1845
4,501 6,500 sqft
3.0
2.0
6
262
14
15
99
Least expensive 25% of properties
Page 2 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
Median Price The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices Price at the upper end of the market are showing signs of strength. While this strength hasn't percolated through to Quartiles 3 and 4 yet, expect the low end of the market to follow up.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
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 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 4 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
Market Action Index The KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.12. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
Days on Market The properties have been on the market for an average of 129 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 6 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
KELLER, TX 76248
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in KELLER, TX 76248 this week is $299,900. The 403 properties have been on the market for an average of 214 days.
Trend
Median List Price
$ 299,900
Average List Price
$ 340,649
Asking Price Per Square Foot
$ 96
±+
Average Days on Market (DoM)
214
≠≠
Inventory of Properties Listed
403
==
Most Expensive Listing
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
12
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
3%
Median House Size (sq ft)
3155
Median Lot Size
Supply and Demand
≠≠
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
Altos Research Value Statistics
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics
Market Action Index
Strong Buyer's
16.4
≠≠
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
$ 522,495
4228
0.25 - 0.50 acre
4.0
4.0
6
100
5
3
221
Most expensive 25% of properties
Upper/Second
$ 349,900
3433
0.25 - 0.50 acre
4.0
3.5
9
101
4
4
204
Upper-middle 25% of properties
Lower/Third
$ 268,000
2951
8,001 10,000 sqft
4.0
3.0
12
101
3
5
206
Lower-middle 25% of properties
Bottom/Fourth
$ 157,500
1921
6,501 8,000 sqft
3.0
2.0
10
101
4
3
226
Least expensive 25% of properties
Page 7 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
Median Price Prices in this zip code seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.
7-day Average
90-day Average
Quartile Prices In most of the quartile market segments, we see prices in this zip code showing strength. Only Quartile 4 is in a price decline. Typically this condition is temporary because price increases at the upper end of the market force buyers to consider the segments still in their price range. Watch the Market Action Index to determine whether demand in Quartile 4 will begin to reverse the trend and push prices higher here too.
First/Top
Page 8 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
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 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 9 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
Market Action Index The KELLER, 76248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.36. 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 10 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
Days on Market The properties have been on the market for an average of 214 days. Half of the listings have come newly on the market in the past 119 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 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
KELLER, TX 76244
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in KELLER, TX 76244 this week is $174,900. The 645 properties have been on the market for an average of 75 days.
Trend
Median List Price
$ 174,900
Average List Price
$ 195,084 $ 77
±+
Average Days on Market (DoM)
75
==
Inventory of Properties Listed
645
==
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Most Expensive Listing
$ 640,000
Least Expensive Listing
$ 109,900
Average Age of Listing
5
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2410
Median Lot Size
Supply and Demand
≠≠
4,501 - 6,500 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Market Action Index
Strong Buyer's
17.5
≠≠
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
$ 270,000
3362
8,001 10,000 sqft
4.0
3.0
4
161
10
6
88
Most expensive 25% of properties
Upper/Second
$ 189,900
2593
6,501 8,000 sqft
4.0
2.5
5
161
10
12
71
Upper-middle 25% of properties
Lower/Third
$ 160,000
2190
4,501 6,500 sqft
4.0
2.0
5
161
8
6
66
Lower-middle 25% of properties
Bottom/Fourth
$ 139,900
1857
4,501 6,500 sqft
3.0
2.0
6
162
10
12
74
Least expensive 25% of properties
Page 12 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76244
Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
First/Top
Page 13 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76244
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 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 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76244
Market Action Index The KELLER, 76244 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.54. 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 15 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76244
Days on Market The properties have been on the market for an average of 75 days. Half of the listings have come newly on the market in the past 49 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 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Monday May 3, 2010
Tamara Keilberg's Executive Summary
HURST, TX 76054 Single Family Homes
This Week The median list price in HURST, TX 76054 this week is $219,875.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 219,875 Asking Price Per Square Foot $ 90 Average Days on Market (DOM) 164 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) 4% Percent Flip (price increased) 3% Median House Size (sq ft) 2373 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
== ±+ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
±+
No change
2.5
Strong Buyer's
19.4
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
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.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 329,900
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3299
8,001 10,000 sqft
4.0
3.0
8
17
1
0
200
Most expensive 25% of properties
$ 242,400
2451
8,001 10,000 sqft
3.0
2.5
10
18
1
1
146
Upper-middle 25% of properties
Lower/Third
$ 199,900
2272
8,001 10,000 sqft
3.5
2.2
26
18
1
1
135
Lower-middle 25% of properties
Bottom/Fourth
$ 146,000
1782
8,001 10,000 sqft
3.0
2.0
40
18
0
1
180
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE HURST, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
HURST, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in HURST, TX this week is $149,900. The 184 properties have been on the market for an average of 148 days.
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
Trend
Median List Price
$ 149,900
Average List Price
$ 171,912
Asking Price Per Square Foot
$ 82
±+
Average Days on Market (DoM)
148
≠≠
Inventory of Properties Listed
184
==
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 48,000
Average Age of Listing
31
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1947
Median Lot Size
Supply and Demand
±+
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Market Action Index
Strong Buyer's
19.8
≠≠
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
$ 269,950
2671
8,001 10,000 sqft
4.0
2.5
10
46
2
2
183
Most expensive 25% of properties
Upper/Second
$ 174,950
2112
8,001 10,000 sqft
3.0
2.0
23
46
5
3
159
Upper-middle 25% of properties
Lower/Third
$ 129,900
1624
8,001 10,000 sqft
3.0
2.0
44
46
7
5
116
Lower-middle 25% of properties
Bottom/Fourth
$ 93,950
1327
8,001 10,000 sqft
3.0
2.0
51
46
11
3
133
Least expensive 25% of properties
Page 2 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX
Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices Pricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the market.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX
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 4 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
HURST, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Market Action Index The HURST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.76. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
HURST, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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 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 6 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
HURST, TX 76054
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in HURST, TX 76054 this week is $219,875. The 71 properties have been on the market for an average of 164 days.
Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
Trend
Median List Price
$ 219,875
Average List Price
$ 233,387
Asking Price Per Square Foot
$ 90
±+
Average Days on Market (DoM)
164
≠≠
Inventory of Properties Listed
71
==
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 112,900
Average Age of Listing
23
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
4%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2373
Median Lot Size
Supply and Demand
==
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
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
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 329,900
3299
8,001 10,000 sqft
4.0
3.0
8
17
1
0
200
Most expensive 25% of properties
Upper/Second
$ 242,400
2451
8,001 10,000 sqft
3.0
2.5
10
18
1
1
146
Upper-middle 25% of properties
Lower/Third
$ 199,900
2272
8,001 10,000 sqft
3.5
2.2
26
18
1
1
135
Lower-middle 25% of properties
Bottom/Fourth
$ 146,000
1782
8,001 10,000 sqft
3.0
2.0
40
18
0
1
180
Least expensive 25% of properties
Page 7 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
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 generally settled at a plateau, although Quartile 2 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
First/Top
Page 8 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
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 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 9 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
Market Action Index The HURST, 76054 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 10 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
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 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 11 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
HURST, TX 76053
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in HURST, TX 76053 this week is $119,900. The 113 properties have been on the market for an average of 137 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Trend
Median List Price
$ 119,900
Average List Price
$ 133,287
Asking Price Per Square Foot
$ 76
==
Average Days on Market (DoM)
137
==
Inventory of Properties Listed
113
==
Most Expensive Listing
$ 317,500
Least Expensive Listing
$ 48,000
Average Age of Listing
37
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1723
Median Lot Size
Supply and Demand
≠≠
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Market Action Index
Strong Buyer's
19.1
≠≠
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
$ 192,450
2398
8,001 10,000 sqft
4.0
2.0
8
28
4
2
166
Most expensive 25% of properties
Upper/Second
$ 138,700
1790
6,501 8,000 sqft
3.0
2.0
32
28
4
3
142
Upper-middle 25% of properties
Lower/Third
$ 114,200
1502
8,001 10,000 sqft
3.0
2.0
48
28
7
2
79
Lower-middle 25% of properties
Bottom/Fourth
$ 80,000
1242
8,001 10,000 sqft
3.0
1.5
54
29
7
3
160
Page 12 of 16
Monday May 3, 2010
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
Median Price Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. 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 the market's price weakness evident across the board. All four quartiles have been in price decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Page 13 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.
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 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
Market Action Index The HURST, 76053 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.07. 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 15 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
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 77 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 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Monday May 3, 2010
Tamara Keilberg's Executive Summary
NORTH RICHLAND HILLS, Single Family Homes
This Week The median list price in NORTH RICHLAND HILLS, TX 76180 this week is $150,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 150,000 Asking Price Per Square Foot $ 79 Average Days on Market (DOM) 171 Percent of Properties with Price Decrease 38 % Percent Relisted (reset DOM) 5% Percent Flip (price increased) 3% Median House Size (sq ft) 2082 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
±+ ≠≠ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
±+
No change
2.0
Strong Buyer's
18.4
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 339,250
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3498
0.25 - 0.50 acre
4.0
3.2
5
34
0
2
247
Most expensive 25% of properties
$ 223,990
2658
8,001 10,000 sqft
3.0
2.5
7
35
3
0
150
Upper-middle 25% of properties
Lower/Third
$ 124,900
1721
8,001 10,000 sqft
3.0
2.0
39
35
0
2
137
Lower-middle 25% of properties
Bottom/Fourth
$ 87,977
1393
8,001 10,000 sqft
3.0
2.0
51
35
2
3
149
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Tamara Keilberg's MARKET UPDATE NORTH RICHLAND HILLS, TX
· 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 May 03, 2010
· Presented by Tamara Keilberg Tamara Keilberg Luxury Real Estate www.LuxuryHomesDFW.com - tamara@luxuryhomesdfw.com 817-485-1118
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
City Overview
Single Family Homes in
NORTH RICHLAND HILLS, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in NORTH RICHLAND HILLS, TX this week is $199,000. The 305 properties have been on the market for an average of 128 days.
Trend
Median List Price
$ 199,000
Average List Price
$ 238,599
Asking Price Per Square Foot
$ 88
≠≠
Average Days on Market (DoM)
128
≠≠
Inventory of Properties Listed
305
==
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.
$ 1,750,000
Least Expensive Listing
$ 59,000
Average Age of Listing
21
Percent of Properties with Price Decrease
40 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
5%
Median House Size (sq ft)
2249
Median Lot Size
Supply and Demand
±+
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Market Action Index
Strong Buyer's
17.9
==
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
$ 399,250
3845
0.25 - 0.50 acre
4.0
3.5
4
76
1
4
161
Most expensive 25% of properties
Upper/Second
$ 265,325
2763
8,001 10,000 sqft
4.0
2.8
7
76
3
6
124
Upper-middle 25% of properties
Lower/Third
$ 149,948
1926
8,001 10,000 sqft
3.0
2.0
26
76
7
8
120
Lower-middle 25% of properties
Bottom/Fourth
$ 97,500
1441
8,001 10,000 sqft
3.0
2.0
39
77
9
8
105
Least expensive 25% of properties
Page 2 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX
Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices Pricing trends have been lacking strong directional indication lately. Only Quartile 3 is trending higher. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant price changes.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX
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 are tending to get more home for their money.
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 4 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX
Market Action Index The NORTH RICHLAND HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.89. 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
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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 16
Monday May 3, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX
Days on Market The properties have been on the market for an average of 128 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 6 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
NORTH RICHLAND HILLS, TX 76182
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in NORTH RICHLAND HILLS, TX 76182 this week is $249,950. The 166 properties have been on the market for an average of 91 days.
Trend
Median List Price
$ 249,950
Average List Price
$ 268,946 $ 93
±+
Average Days on Market (DoM)
91
±+
Inventory of Properties Listed
166
==
Asking Price Per Square Foot
Most Expensive Listing
Demand measured by the Market Action Index is increasing and dayson-market is holding steady. With more properties coming available, conditions are mildly positive.
$ 1,750,000
Least Expensive Listing
$ 69,995
Average Age of Listing
17
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
11 %
Percent Flip (price increased)
7%
Median House Size (sq ft)
2507
Median Lot Size
Supply and Demand
==
8,001 - 10,000 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Market Action Index
Strong Buyer's
17.1
==
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
$ 449,000
3985
0.25 - 0.50 acre
4.0
3.5
3
41
1
0
127
Upper/Second
$ 310,000
2970
0.25 - 0.50 acre
4.0
3.0
9
41
1
7
90
Upper-middle 25% of properties
Lower/Third
$ 179,700
2060
8,001 10,000 sqft
3.0
2.0
18
42
4
6
80
Lower-middle 25% of properties
Bottom/Fourth
$ 106,150
1491
8,001 10,000 sqft
3.0
2.0
32
42
9
6
69
Least expensive 25% of properties
Page 7 of 16
Monday May 3, 2010
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
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 with a lack of strong directional indication lately. Quartile 4 is down, Quartile 1 is essentially flat, while Quartiles 2 and 3 are up in recent weeks. Slack demand sometimes takes hold at either end of the market and converges on the center. Watch for persistent shifts in the Market Action Index for a leading indicator of stronger price moves in the market as a whole.
First/Top
Page 8 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
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 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 9 of 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
Market Action Index The NORTH RICHLAND HILLS, 76182 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.12. 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 10 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
Days on Market The properties have been on the market for an average of 91 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 11 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
NORTH RICHLAND HILLS, TX 76180
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
This Week
Real-Time Market Profile
The median list price in NORTH RICHLAND HILLS, TX 76180 this week is $150,000. The 139 properties have been on the market for an average of 171 days. Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.
Trend
Median List Price
$ 150,000
Average List Price
$ 202,358
Asking Price Per Square Foot
$ 79
≠≠
Average Days on Market (DoM)
171
≠≠
Inventory of Properties Listed
139
==
Most Expensive Listing
$ 695,000
Least Expensive Listing
$ 59,000
Average Age of Listing
27
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2082
Median Lot Size
Supply and Demand
±+
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
Altos Research Value Statistics
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Market Action Index
Strong Buyer's
18.4
≠≠
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
$ 339,250
3498
0.25 - 0.50 acre
4.0
3.2
5
34
0
2
247
Most expensive 25% of properties
Upper/Second
$ 223,990
2658
8,001 10,000 sqft
3.0
2.5
7
35
3
0
150
Upper-middle 25% of properties
Lower/Third
$ 124,900
1721
8,001 10,000 sqft
3.0
2.0
39
35
0
2
137
Lower-middle 25% of properties
Bottom/Fourth
$ 87,977
1393
8,001 10,000 sqft
3.0
2.0
51
35
2
3
149
Least expensive 25% of properties
Page 12 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76180
Median Price We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in the individual quartiles without strong directional correlation lately. Quartiles 2 and 4 have been in price decline in recent weeks, with Quartiles 1 and 3 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Page 13 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76180
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 are tending to get more home for their money.
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 16
90-day Average
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76180
Market Action Index The NORTH RICHLAND HILLS, 76180 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.42. 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. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 15 of 16
Monday May 3, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76180
Days on Market The properties have been on the market for an average of 171 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 16 of 16
Second/Upper
Third/Lower
Monday May 3, 2010
Fourth/Bottom