Monday May 10, 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 $650,000. 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.
Real-Time Market Profile
Trend
Median List Price $ 650,000 Asking Price Per Square Foot $ 148 Average Days on Market (DOM) 260 Percent of Properties with Price Decrease 33 % Percent Relisted (reset DOM) 7% Percent Flip (price increased) 2% Median House Size (sq ft) 4427 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 5.0
≠≠ ≠≠ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
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.
±+
No change
4.0
Strong Buyer's
13.6
==
== 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
$ 1,450,000
6571
Upper/Second
$ 750,000
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
89
4
1
354
Most expensive 25% of properties
4982
0.50 - 1.0 acre
5.0
4.5
9
89
12
7
296
Upper-middle 25% of properties
$ 559,000
4164
0.50 - 1.0 acre
4.0
4.0
14
89
6
6
186
Lower-middle 25% of properties
$ 425,000
3374
0.25 - 0.50 acre
4.0
3.5
15
90
10
3
205
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 10, 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 $650,000. The 357 properties have been on the market for an average of 260 days.
Trend
Median List Price
$ 650,000
Average List Price
$ 880,012 $ 148
≠≠
Average Days on Market (DoM)
260
==
Inventory of Properties Listed
357
==
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 5,595,000
Least Expensive Listing
$ 130,550
Average Age of Listing
11
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
2%
Median House Size (sq ft)
4427
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
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
13.6
==
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
$ 1,450,000
6571
1.0 - 2.5 acres
5.0
6.0
4
89
4
1
354
Most expensive 25% of properties
Upper/Second
$ 750,000
4982
0.50 - 1.0 acre
5.0
4.5
9
89
12
7
296
Upper-middle 25% of properties
Lower/Third
$ 559,000
4164
0.50 - 1.0 acre
4.0
4.0
14
89
6
6
186
Lower-middle 25% of properties
Bottom/Fourth
$ 425,000
3374
0.25 - 0.50 acre
4.0
3.5
15
90
10
3
205
Least expensive 25% of properties
Page 2 of 6
Monday May 10, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, 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 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 10, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, 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 6
90-day Average
Monday May 10, 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 13.56. 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 10, 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 260 days. Half of the listings have come newly on the market in the past 189 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 10, 2010
Fourth/Bottom
Monday May 10, 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 holding steady. With more properties coming available, conditions are mildly positive.
Real-Time Market Profile
Trend
Median List Price $ 575,000 Asking Price Per Square Foot $ 135 Average Days on Market (DOM) 255 Percent of Properties with Price Decrease 38 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 4156 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
14.6
==
== 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
$ 1,074,500
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
70
5
1
343
Most expensive 25% of properties
$ 695,000
4846
0.50 - 1.0 acre
4.0
4.5
10
70
1
0
276
Upper-middle 25% of properties
Lower/Third
$ 482,500
3858
0.25 - 0.50 acre
4.0
3.5
18
70
8
3
214
Lower-middle 25% of properties
Bottom/Fourth
$ 349,990
3007
0.25 - 0.50 acre
4.0
3.0
21
71
7
7
188
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 10, 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 281 properties have been on the market for an average of 255 days.
Trend
Median List Price
$ 575,000
Average List Price
$ 759,896 $ 135
±+
Average Days on Market (DoM)
255
±+
Inventory of Properties Listed
281
==
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.
$ 8,950,000
Least Expensive Listing
$ 159,900
Average Age of Listing
14
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
3%
Median House Size (sq ft)
4156
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
14.6
==
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
$ 1,074,500
5988
0.50 - 1.0 acre
5.0
5.5
6
70
5
1
343
Most expensive 25% of properties
Upper/Second
$ 695,000
4846
0.50 - 1.0 acre
4.0
4.5
10
70
1
0
276
Upper-middle 25% of properties
Lower/Third
$ 482,500
3858
0.25 - 0.50 acre
4.0
3.5
18
70
8
3
214
Lower-middle 25% of properties
Bottom/Fourth
$ 349,990
3007
0.25 - 0.50 acre
4.0
3.0
21
71
7
7
188
Least expensive 25% of properties
Page 2 of 6
Monday May 10, 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 10, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
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 4 of 6
90-day Average
Monday May 10, 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 14.62. 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 10, 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 255 days. Half of the listings have come newly on the market in the past 189 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 10, 2010
Fourth/Bottom
Monday May 10, 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 $391,080. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
Real-Time Market Profile
Trend
Median List Price $ 391,080 Asking Price Per Square Foot $ 113 Average Days on Market (DOM) 241 Percent of Properties with Price Decrease 36 % Percent Relisted (reset DOM) 9% Percent Flip (price increased) 6% Median House Size (sq ft) 3319 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
== == ==
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
3.5
Strong Buyer's
15.4
≠≠
== 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
$ 1,350,000
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
5680
0.50 - 1.0 acre
5.0
5.5
5
79
1
4
425
Most expensive 25% of properties
$ 488,792
4109
0.25 - 0.50 acre
4.0
4.0
5
79
4
0
202
Upper-middle 25% of properties
Lower/Third
$ 287,000
2907
0.25 - 0.50 acre
4.0
2.5
14
79
1
6
217
Lower-middle 25% of properties
Bottom/Fourth
$ 149,450
1838
4,501 6,500 sqft
3.0
2.0
8
80
7
8
121
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 10, 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 $391,080. The 317 properties have been on the market for an average of 241 days.
Trend
Median List Price
$ 391,080
Average List Price
$ 699,445 $ 113
==
Average Days on Market (DoM)
241
==
Inventory of Properties Listed
317
≠≠
Asking Price Per Square Foot
Most Expensive Listing
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
$ 9,000,000
Least Expensive Listing
$ 68,500
Average Age of Listing
11
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
6%
Median House Size (sq ft)
3319
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
15.4
≠≠
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
$ 1,350,000
5680
0.50 - 1.0 acre
5.0
5.5
5
79
1
4
425
Most expensive 25% of properties
Upper/Second
$ 488,792
4109
0.25 - 0.50 acre
4.0
4.0
5
79
4
0
202
Upper-middle 25% of properties
Lower/Third
$ 287,000
2907
0.25 - 0.50 acre
4.0
2.5
14
79
1
6
217
Lower-middle 25% of properties
Bottom/Fourth
$ 149,450
1838
4,501 6,500 sqft
3.0
2.0
8
80
7
8
121
Least expensive 25% of properties
Page 2 of 6
Monday May 10, 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 10, 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 10, 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 15.36. 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 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 10, 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 241 days. Half of the listings have come newly on the market in the past 126 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 10, 2010
Fourth/Bottom
Monday May 10, 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 $299,950.
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 $ 299,950 Asking Price Per Square Foot $ 96 Average Days on Market (DOM) 209 Percent of Properties with Price Decrease 42 % 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
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
3.0
Strong Buyer's
16.1
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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
$ 522,445
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
104
9
3
209
Most expensive 25% of properties
$ 349,450
3462
0.25 - 0.50 acre
4.0
3.5
9
104
12
10
194
Upper-middle 25% of properties
Lower/Third
$ 266,500
2946
8,001 10,000 sqft
4.0
3.0
12
104
4
8
204
Lower-middle 25% of properties
Bottom/Fourth
$ 157,470
1921
6,501 8,000 sqft
3.0
2.0
11
104
15
6
230
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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Monday May 10, 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 $173,900.
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Real-Time Market Profile
Trend
Median List Price $ 173,900 Asking Price Per Square Foot $ 77 Average Days on Market (DOM) 76 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) 6% Percent Flip (price increased) 6% Median House Size (sq ft) 2402 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 settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
±+
No change
2.5
Strong Buyer's
17.2
±+
== 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
$ 270,904
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
3366
8,001 10,000 sqft
4.0
3.0
4
162
9
8
90
Most expensive 25% of properties
$ 189,900
2581
6,501 8,000 sqft
4.0
2.5
5
162
8
13
75
Upper-middle 25% of properties
Lower/Third
$ 160,775
2166
4,501 6,500 sqft
3.0
2.0
5
162
11
4
65
Lower-middle 25% of properties
Bottom/Fourth
$ 139,000
1860
4,501 6,500 sqft
3.0
2.0
6
162
18
18
73
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 10, 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 $201,713. The 1064 properties have been on the market for an average of 129 days.
Trend
Median List Price
$ 201,713
Average List Price
$ 251,408
Asking Price Per Square Foot
$ 82
≠≠
Average Days on Market (DoM)
129
==
Inventory of Properties Listed
1064
==
Most Expensive Listing
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.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
8
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
5%
Median House Size (sq ft)
2638
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
16.8
==
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
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
3806
0.25 - 0.50 acre
4.0
3.5
7
266
25
15
184
Most expensive 25% of properties
Upper/Second
$ 249,900
2950
8,001 10,000 sqft
4.0
3.0
6
266
14
17
131
Upper-middle 25% of properties
Lower/Third
$ 174,900
2390
4,501 6,500 sqft
4.0
2.5
5
266
19
15
101
Lower-middle 25% of properties
Bottom/Fourth
$ 139,970
1847
4,501 6,500 sqft
3.0
2.0
6
266
28
23
98
Page 2 of 16
Monday May 10, 2010
Least expensive 25% of properties
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 Prices have 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 3 of 16
Second/Upper
Third/Lower
Monday May 10, 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 10, 2010
Single Family Homes in
City Overview
KELLER, TX
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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 16.81. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly 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 10, 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 10, 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 $299,950. The 416 properties have been on the market for an average of 209 days.
Trend
Median List Price
$ 299,950
Average List Price
$ 339,187
Asking Price Per Square Foot
$ 96
==
Average Days on Market (DoM)
209
≠≠
Inventory of Properties Listed
416
==
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.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
12
Percent of Properties with Price Decrease
42 %
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
16.1
==
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
$ 522,445
4228
0.25 - 0.50 acre
4.0
4.0
6
104
9
3
209
Most expensive 25% of properties
Upper/Second
$ 349,450
3462
0.25 - 0.50 acre
4.0
3.5
9
104
12
10
194
Upper-middle 25% of properties
Lower/Third
$ 266,500
2946
8,001 10,000 sqft
4.0
3.0
12
104
4
8
204
Lower-middle 25% of properties
Bottom/Fourth
$ 157,470
1921
6,501 8,000 sqft
3.0
2.0
11
104
15
6
230
Least expensive 25% of properties
Page 7 of 16
Monday May 10, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
Median Price While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 10, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
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 9 of 16
90-day Average
Monday May 10, 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 16.08. 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 10, 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 209 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 11 of 16
Second/Upper
Third/Lower
Monday May 10, 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 $173,900. The 648 properties have been on the market for an average of 76 days.
Trend
Median List Price
$ 173,900
Average List Price
$ 195,056 $ 77
±+
Average Days on Market (DoM)
76
==
Inventory of Properties Listed
648
==
Asking Price Per Square Foot
Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.
Most Expensive Listing
$ 640,000
Least Expensive Listing
$ 109,500
Average Age of Listing
5
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
6%
Median House Size (sq ft)
2402
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
17.2
±+
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 270,904
3366
8,001 10,000 sqft
4.0
3.0
4
162
9
8
90
Most expensive 25% of properties
Upper/Second
$ 189,900
2581
6,501 8,000 sqft
4.0
2.5
5
162
8
13
75
Upper-middle 25% of properties
Lower/Third
$ 160,775
2166
4,501 6,500 sqft
3.0
2.0
5
162
11
4
65
Lower-middle 25% of properties
Bottom/Fourth
$ 139,000
1860
4,501 6,500 sqft
3.0
2.0
6
162
18
18
73
Least expensive 25% of properties
Page 12 of 16
Monday May 10, 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 10, 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 10, 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 17.20. 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 10, 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 76 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 10, 2010
Fourth/Bottom
Monday May 10, 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 $149,998. 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 $ 149,998 Asking Price Per Square Foot $ 79 Average Days on Market (DOM) 168 Percent of Properties with Price Decrease 38 % Percent Relisted (reset DOM) 6% Percent Flip (price increased) 4% Median House Size (sq ft) 2086 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
±+ ≠≠ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
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.
±+
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
0
254
Most expensive 25% of properties
$ 223,990
2610
8,001 10,000 sqft
3.0
2.5
8
34
2
4
145
Upper-middle 25% of properties
Lower/Third
$ 124,400
1744
8,001 10,000 sqft
3.0
2.0
40
34
3
4
135
Lower-middle 25% of properties
Bottom/Fourth
$ 84,440
1406
8,001 10,000 sqft
3.0
2.0
51
34
5
6
139
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 10, 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 $199,900. The 303 properties have been on the market for an average of 129 days.
Trend
Median List Price
$ 199,900
Average List Price
$ 240,769
Asking Price Per Square Foot
$ 88
≠≠
Average Days on Market (DoM)
129
±+
Inventory of Properties Listed
303
==
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
$ 47,500
Average Age of Listing
21
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
7%
Median House Size (sq ft)
2287
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. 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
18.1
==
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
$ 409,900
3867
0.25 - 0.50 acre
4.0
3.5
5
75
3
2
169
Most expensive 25% of properties
Upper/Second
$ 268,250
2814
8,001 10,000 sqft
4.0
2.8
7
76
1
2
123
Upper-middle 25% of properties
Lower/Third
$ 149,998
1944
8,001 10,000 sqft
3.0
2.0
26
76
9
10
117
Lower-middle 25% of properties
Bottom/Fourth
$ 97,500
1440
8,001 10,000 sqft
3.0
2.0
39
76
7
9
106
Least expensive 25% of properties
Page 2 of 16
Monday May 10, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX
Median Price This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 10, 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 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 16
90-day Average
Monday May 10, 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 18.07. 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 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 10, 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 129 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 10, 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 $250,000. The 167 properties have been on the market for an average of 96 days.
Trend
Median List Price
$ 250,000
Average List Price
$ 271,995 $ 93
==
Average Days on Market (DoM)
96
==
Inventory of Properties Listed
167
≠≠
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.
$ 1,750,000
Least Expensive Listing
$ 69,995
Average Age of Listing
16
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
13 %
Percent Flip (price increased)
8%
Median House Size (sq ft)
2515
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
17.5
==
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
$ 449,900
4012
0.25 - 0.50 acre
4.0
3.5
4
41
3
0
137
Upper/Second
$ 311,950
2982
0.25 - 0.50 acre
4.0
3.0
9
42
0
2
94
Upper-middle 25% of properties
Lower/Third
$ 179,700
2070
8,001 10,000 sqft
3.0
2.0
20
42
4
4
86
Lower-middle 25% of properties
Bottom/Fourth
$ 107,125
1478
8,001 10,000 sqft
3.0
2.0
32
42
3
3
69
Least expensive 25% of properties
Page 7 of 16
Monday May 10, 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 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.
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 10, 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 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 9 of 16
90-day Average
Monday May 10, 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 17.49. 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 10, 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 96 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 10, 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 $149,998. The 136 properties have been on the market for an average of 168 days. 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
$ 149,998
Average List Price
$ 202,427
Asking Price Per Square Foot
$ 79
≠≠
Average Days on Market (DoM)
168
≠≠
Inventory of Properties Listed
136
==
Most Expensive Listing
$ 695,000
Least Expensive Listing
$ 47,500
Average Age of Listing
27
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2086
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
0
254
Most expensive 25% of properties
Upper/Second
$ 223,990
2610
8,001 10,000 sqft
3.0
2.5
8
34
2
4
145
Upper-middle 25% of properties
Lower/Third
$ 124,400
1744
8,001 10,000 sqft
3.0
2.0
40
34
3
4
135
Lower-middle 25% of properties
Bottom/Fourth
$ 84,440
1406
8,001 10,000 sqft
3.0
2.0
51
34
5
6
139
Least expensive 25% of properties
Page 12 of 16
Monday May 10, 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 price conditions in this zip code have not shown strong directional trends lately. Quartile 3 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 13 of 16
Second/Upper
Third/Lower
Monday May 10, 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 10, 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 18.44. 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 10, 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 168 days. Half of the listings have come newly on the market in the past 66 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 10, 2010
Fourth/Bottom
Monday May 10, 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 $219,000.
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.
Real-Time Market Profile
Trend
Median List Price $ 219,000 Asking Price Per Square Foot $ 90 Average Days on Market (DOM) 170 Percent of Properties with Price Decrease 43 % Percent Relisted (reset DOM) 4% Percent Flip (price increased) 3% Median House Size (sq ft) 2379 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
== ≠≠ ==
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
2.5
Strong Buyer's
19.2
==
== 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
$ 330,000
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
3314
8,001 10,000 sqft
4.0
3.5
7
17
2
2
194
Most expensive 25% of properties
$ 239,900
2484
0.25 - 0.50 acre
4.0
2.5
13
17
1
3
152
Upper-middle 25% of properties
Lower/Third
$ 199,900
2265
8,001 10,000 sqft
4.0
2.0
32
17
1
2
107
Lower-middle 25% of properties
Bottom/Fourth
$ 139,900
1745
8,001 10,000 sqft
3.0
2.0
40
18
1
0
222
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 10, 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 177 properties have been on the market for an average of 149 days.
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
$ 149,900
Average List Price
$ 173,404
Asking Price Per Square Foot
$ 83
==
Average Days on Market (DoM)
149
==
Inventory of Properties Listed
177
==
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 48,000
Average Age of Listing
31
Percent of Properties with Price Decrease
44 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
3%
Median House Size (sq ft)
1949
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
19.9
==
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
$ 264,900
2697
8,001 10,000 sqft
4.0
2.5
10
44
4
6
174
Most expensive 25% of properties
Upper/Second
$ 174,950
2129
8,001 10,000 sqft
3.5
2.0
22
44
3
2
154
Upper-middle 25% of properties
Lower/Third
$ 132,400
1652
8,001 10,000 sqft
3.0
2.0
44
44
2
3
142
Lower-middle 25% of properties
Bottom/Fourth
$ 99,900
1320
8,001 10,000 sqft
3.0
2.0
51
45
3
8
128
Least expensive 25% of properties
Page 2 of 16
Monday May 10, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, 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 Prices have generally settled at a plateau, although Quartile 2 has been trending a bit downward 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 3 of 16
Second/Upper
Third/Lower
Monday May 10, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX
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 4 of 16
90-day Average
Monday May 10, 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 19.91. 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 10, 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 149 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 6 of 16
Second/Upper
Third/Lower
Monday May 10, 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 $219,000. The 69 properties have been on the market for an average of 170 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.
Trend
Median List Price
$ 219,000
Average List Price
$ 234,137
Asking Price Per Square Foot
$ 90
≠≠
Average Days on Market (DoM)
170
==
Inventory of Properties Listed
69
≠≠
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 112,900
Average Age of Listing
24
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
4%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2379
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
19.2
==
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 330,000
3314
8,001 10,000 sqft
4.0
3.5
7
17
2
2
194
Most expensive 25% of properties
Upper/Second
$ 239,900
2484
0.25 - 0.50 acre
4.0
2.5
13
17
1
3
152
Upper-middle 25% of properties
Lower/Third
$ 199,900
2265
8,001 10,000 sqft
4.0
2.0
32
17
1
2
107
Lower-middle 25% of properties
Bottom/Fourth
$ 139,900
1745
8,001 10,000 sqft
3.0
2.0
40
18
1
0
222
Least expensive 25% of properties
Page 7 of 16
Monday May 10, 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 10, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
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 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 16
90-day Average
Monday May 10, 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 19.19. 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 10, 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 170 days. Half of the listings have come newly on the market in the past 56 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 10, 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 $120,000. The 108 properties have been on the market for an average of 136 days.
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
$ 120,000
Average List Price
$ 134,602
Asking Price Per Square Foot
$ 76
±+
Average Days on Market (DoM)
136
==
Inventory of Properties Listed
108
==
Most Expensive Listing
$ 295,000
Least Expensive Listing
$ 48,000
Average Age of Listing
35
Percent of Properties with Price Decrease
44 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1702
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
19.7
==
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
$ 198,900
2487
6,501 8,000 sqft
4.0
2.0
8
27
2
1
150
Most expensive 25% of properties
Upper/Second
$ 142,000
1828
6,501 8,000 sqft
3.0
2.0
10
27
0
2
146
Upper-middle 25% of properties
Lower/Third
$ 114,900
1504
8,001 10,000 sqft
3.0
2.0
48
27
2
2
102
Lower-middle 25% of properties
Bottom/Fourth
$ 81,000
1242
8,001 10,000 sqft
3.0
1.5
52
27
3
7
148
Least expensive 25% of properties
Page 12 of 16
Monday May 10, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
Median Price In the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see the market's price weakness evident across the board. Quartiles 1, 2, and 1 have been in price decline in recent weeks, with Quartile 2 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 10, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
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 14 of 16
90-day Average
Monday May 10, 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 19.68. 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 10, 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 136 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 16 of 16
Second/Upper
Third/Lower
Monday May 10, 2010
Fourth/Bottom