Monday June 14, 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 $554,500. 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 $ 554,500 Asking Price Per Square Foot $ 133 Average Days on Market (DOM) 173 Percent of Properties with Price Decrease 44 % Percent Relisted (reset DOM) 12 % Percent Flip (price increased) 3% Median House Size (sq ft) 4120 Median Lot Size 0.50 - 1.0 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
4.0
Strong Buyer's
12.9
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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
$ 992,000
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
76
5
0
255
Most expensive 25% of properties
$ 659,500
4732
0.25 - 0.50 acre
4.0
4.5
12
76
3
0
184
Upper-middle 25% of properties
Lower/Third
$ 449,450
3680
0.25 - 0.50 acre
4.0
3.5
14
76
4
3
145
Lower-middle 25% of properties
Bottom/Fourth
$ 339,900
2940
0.25 - 0.50 acre
4.0
3.0
25
76
7
5
108
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 June 14, 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 $554,500. The 304 properties have been on the market for an average of 173 days.
Trend
Median List Price
$ 554,500
Average List Price
$ 729,396 $ 133
±+
Average Days on Market (DoM)
173
≠≠
Inventory of Properties Listed
304
==
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.
$ 8,950,000
Least Expensive Listing
$ 159,850
Average Age of Listing
15
Percent of Properties with Price Decrease
44 %
Percent Relisted (reset DOM)
12 %
Percent Flip (price increased)
3%
Median House Size (sq ft)
4120
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
12.9
≠≠
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
$ 992,000
5988
0.50 - 1.0 acre
5.0
5.5
6
76
5
0
255
Most expensive 25% of properties
Upper/Second
$ 659,500
4732
0.25 - 0.50 acre
4.0
4.5
12
76
3
0
184
Upper-middle 25% of properties
Lower/Third
$ 449,450
3680
0.25 - 0.50 acre
4.0
3.5
14
76
4
3
145
Lower-middle 25% of properties
Bottom/Fourth
$ 339,900
2940
0.25 - 0.50 acre
4.0
3.0
25
76
7
5
108
Least expensive 25% of properties
Page 2 of 6
Monday June 14, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Median Price This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
7-day Average
90-day Average
Quartile Prices Price weakness is 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 3 of 6
Second/Upper
Third/Lower
Monday June 14, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
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 4 of 6
90-day Average
Monday June 14, 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 12.90. 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 June 14, 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 173 days. Half of the listings have come newly on the market in the past 91 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 June 14, 2010
Fourth/Bottom
Monday June 14, 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 $654,000. Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
Real-Time Market Profile
Trend
Median List Price $ 654,000 Asking Price Per Square Foot $ 146 Average Days on Market (DOM) 178 Percent of Properties with Price Decrease 39 % Percent Relisted (reset DOM) 9% Percent Flip (price increased) 2% Median House Size (sq ft) 4479 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. 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
4.5
Strong Buyer's
13.7
==
== 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
$ 1,530,000
6652
Upper/Second
$ 758,000
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
91
2
1
242
Most expensive 25% of properties
5060
0.50 - 1.0 acre
5.0
5.0
8
91
4
1
177
Upper-middle 25% of properties
$ 550,000
4161
0.25 - 0.50 acre
4.0
4.0
14
91
2
9
144
Lower-middle 25% of properties
$ 419,000
3372
0.25 - 0.50 acre
4.0
3.0
15
92
5
7
148
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 June 14, 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 $654,000. The 365 properties have been on the market for an average of 178 days.
Trend
Median List Price
$ 654,000
Average List Price
$ 899,294 $ 146
±+
Average Days on Market (DoM)
178
==
Inventory of Properties Listed
365
±+
Asking Price Per Square Foot
Most Expensive Listing
Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.
$ 5,595,000
Least Expensive Listing
$ 145,000
Average Age of Listing
11
Percent of Properties with Price Decrease
39 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
2%
Median House Size (sq ft)
4479
Median Lot Size
Supply and Demand
±+
0.50 - 1.0 acre
Median Number of Bedrooms
5.0
Median Number of Bathrooms
4.5
Altos Research Value Statistics
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Strong Buyer's
13.7
==
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
$ 1,530,000
6652
1.0 - 2.5 acres
5.0
6.0
4
91
2
1
242
Most expensive 25% of properties
Upper/Second
$ 758,000
5060
0.50 - 1.0 acre
5.0
5.0
8
91
4
1
177
Upper-middle 25% of properties
Lower/Third
$ 550,000
4161
0.25 - 0.50 acre
4.0
4.0
14
91
2
9
144
Lower-middle 25% of properties
Bottom/Fourth
$ 419,000
3372
0.25 - 0.50 acre
4.0
3.0
15
92
5
7
148
Least expensive 25% of properties
Page 2 of 6
Monday June 14, 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 Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 1 are up while Quartiles 2 and 3 have plateaued 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 June 14, 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 plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.
7-day Average
Page 4 of 6
90-day Average
Monday June 14, 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 13.69. 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 June 14, 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 178 days. Half of the listings have come newly on the market in the past 91 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 June 14, 2010
Fourth/Bottom
Monday June 14, 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 $346,925. 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 $ 346,925 Asking Price Per Square Foot $ 109 Average Days on Market (DOM) 170 Percent of Properties with Price Decrease 36 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 5% Median House Size (sq ft) 3222 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
14.1
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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
$ 1,295,000
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
5642
0.50 - 1.0 acre
5.0
5.5
5
85
4
2
268
Most expensive 25% of properties
$ 462,400
3915
0.25 - 0.50 acre
4.0
3.5
6
86
1
4
197
Upper-middle 25% of properties
Lower/Third
$ 258,200
2794
0.25 - 0.50 acre
4.0
2.5
14
86
7
5
110
Lower-middle 25% of properties
Bottom/Fourth
$ 149,000
1854
4,501 6,500 sqft
3.0
2.0
8
86
7
4
105
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 June 14, 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 $346,925. The 343 properties have been on the market for an average of 170 days.
Trend
Median List Price
$ 346,925
Average List Price
$ 672,833 $ 109
≠≠
Average Days on Market (DoM)
170
==
Inventory of Properties Listed
343
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 9,000,000
Least Expensive Listing
$ 79,900
Average Age of Listing
11
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
5%
Median House Size (sq ft)
3222
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
14.1
≠≠
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
$ 1,295,000
5642
0.50 - 1.0 acre
5.0
5.5
5
85
4
2
268
Most expensive 25% of properties
Upper/Second
$ 462,400
3915
0.25 - 0.50 acre
4.0
3.5
6
86
1
4
197
Upper-middle 25% of properties
Lower/Third
$ 258,200
2794
0.25 - 0.50 acre
4.0
2.5
14
86
7
5
110
Lower-middle 25% of properties
Bottom/Fourth
$ 149,000
1854
4,501 6,500 sqft
3.0
2.0
8
86
7
4
105
Least expensive 25% of properties
Page 2 of 6
Monday June 14, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
Median Price Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
7-day Average
90-day Average
Quartile Prices Prices have 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 3 of 6
Second/Upper
Third/Lower
Monday June 14, 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'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 June 14, 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 14.13. 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 June 14, 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 170 days. Half of the listings have come newly on the market in the past 91 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 June 14, 2010
Fourth/Bottom
Monday June 14, 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.
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.
Real-Time Market Profile
Trend
Median List Price $ 299,900 Asking Price Per Square Foot $ 98 Average Days on Market (DOM) 138 Percent of Properties with Price Decrease 48 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 3% Median House Size (sq ft) 3210 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
16.2
≠≠
== 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
$ 534,995
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
4221
0.25 - 0.50 acre
4.0
4.0
6
106
6
3
135
Most expensive 25% of properties
$ 352,495
3460
0.25 - 0.50 acre
4.0
3.5
10
106
10
8
126
Upper-middle 25% of properties
Lower/Third
$ 265,000
2977
8,001 10,000 sqft
4.0
3.0
12
107
4
7
149
Lower-middle 25% of properties
Bottom/Fourth
$ 169,500
2132
6,501 8,000 sqft
4.0
2.0
14
107
10
8
142
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 June 14, 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 $169,950.
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 $ 169,950 Asking Price Per Square Foot $ 76 Average Days on Market (DOM) 85 Percent of Properties with Price Decrease 44 % Percent Relisted (reset DOM) 7% Percent Flip (price increased) 5% Median House Size (sq ft) 2359 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
17.2
≠≠
== 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
$ 269,850
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
3302
8,001 10,000 sqft
4.0
3.0
4
164
14
10
90
Most expensive 25% of properties
$ 188,800
2588
4,501 6,500 sqft
4.0
2.5
5
164
12
11
87
Upper-middle 25% of properties
Lower/Third
$ 159,900
2166
4,501 6,500 sqft
3.0
2.0
6
164
12
12
76
Lower-middle 25% of properties
Bottom/Fourth
$ 134,945
1831
4,501 6,500 sqft
3.0
2.0
6
164
22
11
88
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 June 14, 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 $205,000. The 1081 properties have been on the market for an average of 107 days.
Trend
Median List Price
$ 205,000
Average List Price
$ 251,812
Asking Price Per Square Foot
$ 82
±+
Average Days on Market (DoM)
107
==
Inventory of Properties Listed
1081
==
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
8
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
5%
Median House Size (sq ft)
2630
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 has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Market Action Index
Strong Buyer's
16.8
≠≠
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
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
$ 398,048
3840
0.25 - 0.50 acre
4.0
3.5
6
270
18
12
125
Most expensive 25% of properties
Upper/Second
$ 249,900
2930
8,001 10,000 sqft
4.0
3.0
7
270
23
20
112
Upper-middle 25% of properties
Lower/Third
$ 174,895
2384
4,501 6,500 sqft
4.0
2.5
5
270
18
17
97
Lower-middle 25% of properties
Bottom/Fourth
$ 138,000
1859
4,501 6,500 sqft
3.0
2.0
6
271
29
20
92
Least expensive 25% of properties
Page 2 of 16
Monday June 14, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
Median Price Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.
7-day Average
90-day Average
Quartile Prices Prices have generally settled at a plateau, although Quartile 3 has been declining 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 June 14, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX
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 4 of 16
90-day Average
Monday June 14, 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 16.77. 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 June 14, 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 107 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 June 14, 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 426 properties have been on the market for an average of 138 days.
Trend
Median List Price
$ 299,900
Average List Price
$ 343,323
Asking Price Per Square Foot
$ 98
±+
Average Days on Market (DoM)
138
±+
Inventory of Properties Listed
426
±+
Most Expensive Listing
With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
12
Percent of Properties with Price Decrease
48 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
3%
Median House Size (sq ft)
3210
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
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
16.2
≠≠
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
$ 534,995
4221
0.25 - 0.50 acre
4.0
4.0
6
106
6
3
135
Most expensive 25% of properties
Upper/Second
$ 352,495
3460
0.25 - 0.50 acre
4.0
3.5
10
106
10
8
126
Upper-middle 25% of properties
Lower/Third
$ 265,000
2977
8,001 10,000 sqft
4.0
3.0
12
107
4
7
149
Lower-middle 25% of properties
Bottom/Fourth
$ 169,500
2132
6,501 8,000 sqft
4.0
2.0
14
107
10
8
142
Least expensive 25% of properties
Page 7 of 16
Monday June 14, 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 June 14, 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 relatively steady around these levels in recent weeks.
7-day Average
Page 9 of 16
90-day Average
Monday June 14, 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 16.21. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. 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 June 14, 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 138 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 June 14, 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 $169,950. The 656 properties have been on the market for an average of 85 days.
Trend
Median List Price
$ 169,950
Average List Price
$ 192,574 $ 76
±+
Average Days on Market (DoM)
85
==
Inventory of Properties Listed
656
==
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
$ 77,500
Average Age of Listing
5
Percent of Properties with Price Decrease
44 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
5%
Median House Size (sq ft)
2359
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
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.
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:
±+
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
$ 269,850
3302
8,001 10,000 sqft
4.0
3.0
4
164
14
10
90
Most expensive 25% of properties
Upper/Second
$ 188,800
2588
4,501 6,500 sqft
4.0
2.5
5
164
12
11
87
Upper-middle 25% of properties
Lower/Third
$ 159,900
2166
4,501 6,500 sqft
3.0
2.0
6
164
12
12
76
Lower-middle 25% of properties
Bottom/Fourth
$ 134,945
1831
4,501 6,500 sqft
3.0
2.0
6
164
22
11
88
Least expensive 25% of properties
Page 12 of 16
Monday June 14, 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 have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.
First/Top
Page 13 of 16
Second/Upper
Third/Lower
Monday June 14, 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 June 14, 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 17.23. 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 June 14, 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 85 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 16 of 16
Second/Upper
Third/Lower
Monday June 14, 2010
Fourth/Bottom
Monday June 14, 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 $147,000. The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the market.
Real-Time Market Profile
Trend
Median List Price $ 147,000 Asking Price Per Square Foot $ 78 Average Days on Market (DOM) 122 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) 6% Percent Flip (price increased) 2% Median House Size (sq ft) 1910 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 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
2.0
Strong Buyer's
17.6
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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
3222
8,001 10,000 sqft
4.0
3.0
5
31
1
4
223
$ 211,400
2373
8,001 10,000 sqft
3.0
2.2
13
32
2
2
60
Upper-middle 25% of properties
Lower/Third
$ 118,750
1670
8,001 10,000 sqft
3.0
2.0
40
32
3
5
95
Lower-middle 25% of properties
Bottom/Fourth
$ 89,500
1380
8,001 10,000 sqft
3.0
2.0
50
32
3
1
112
Most expensive 25% of properties
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 June 14, 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 $189,300. The 308 properties have been on the market for an average of 108 days.
Trend
Median List Price
$ 189,300
Average List Price
$ 232,980
Asking Price Per Square Foot
$ 87
≠≠
Average Days on Market (DoM)
108
==
Inventory of Properties Listed
308
==
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 1,750,000
Least Expensive Listing
$ 59,000
Average Age of Listing
21
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2234
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 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.
Market Action Index
Strong Buyer's
17.7
≠≠
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
$ 399,500
3824
0.25 - 0.50 acre
4.0
3.5
5
77
3
5
156
Most expensive 25% of properties
Upper/Second
$ 250,000
2700
8,001 10,000 sqft
4.0
2.5
8
77
5
5
102
Upper-middle 25% of properties
Lower/Third
$ 149,900
1848
8,001 10,000 sqft
3.0
2.0
25
77
5
9
93
Lower-middle 25% of properties
Bottom/Fourth
$ 96,000
1438
8,001 10,000 sqft
3.0
2.0
38
77
10
5
81
Least expensive 25% of properties
Page 2 of 16
Monday June 14, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, 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 in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trending lower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday June 14, 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 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 June 14, 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 17.68. 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 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 June 14, 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 108 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 June 14, 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 $234,000. The 181 properties have been on the market for an average of 98 days.
Trend
Median List Price
$ 234,000
Average List Price
$ 263,393 $ 90
≠≠
Average Days on Market (DoM)
98
==
Inventory of Properties Listed
181
==
Asking Price Per Square Foot
Most Expensive Listing
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
$ 1,750,000
Least Expensive Listing
$ 68,000
Average Age of Listing
17
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
4%
Median House Size (sq ft)
2440
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
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.
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
3952
0.25 - 0.50 acre
4.0
3.5
4
45
2
1
131
Most expensive 25% of properties
Upper/Second
$ 285,000
2839
0.25 - 0.50 acre
4.0
2.5
11
45
1
3
107
Upper-middle 25% of properties
Lower/Third
$ 169,900
2089
8,001 10,000 sqft
3.0
2.0
20
45
5
4
88
Lower-middle 25% of properties
Bottom/Fourth
$ 100,950
1488
8,001 10,000 sqft
3.0
2.0
32
46
6
4
67
Least expensive 25% of properties
Page 7 of 16
Monday June 14, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
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 while the lower-half of the market has seen negative price pressures lately, prices in the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top
Page 8 of 16
Second/Upper
Third/Lower
Monday June 14, 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'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 9 of 16
90-day Average
Monday June 14, 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 17.51. 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 June 14, 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 98 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 11 of 16
Second/Upper
Third/Lower
Monday June 14, 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 $147,000. The 127 properties have been on the market for an average of 122 days. The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.
Trend
Median List Price
$ 147,000
Average List Price
$ 189,636
Asking Price Per Square Foot
$ 78
≠≠
Average Days on Market (DoM)
122
==
Inventory of Properties Listed
127
±+
Most Expensive Listing
$ 619,900
Least Expensive Listing
$ 59,000
Average Age of Listing
28
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
2%
Median House Size (sq ft)
1910
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 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
17.6
≠≠
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
$ 329,900
3222
8,001 10,000 sqft
4.0
3.0
5
31
1
4
223
Upper/Second
$ 211,400
2373
8,001 10,000 sqft
3.0
2.2
13
32
2
2
60
Upper-middle 25% of properties
Lower/Third
$ 118,750
1670
8,001 10,000 sqft
3.0
2.0
40
32
3
5
95
Lower-middle 25% of properties
Bottom/Fourth
$ 89,500
1380
8,001 10,000 sqft
3.0
2.0
50
32
3
1
112
Page 12 of 16
Monday June 14, 2010
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76180
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 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 June 14, 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 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 relatively steady around these levels in recent weeks.
7-day Average
Page 14 of 16
90-day Average
Monday June 14, 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 17.56. 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, 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 June 14, 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 122 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 June 14, 2010
Fourth/Bottom
Monday June 14, 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 $224,900.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Real-Time Market Profile
Trend
Median List Price $ 224,900 Asking Price Per Square Foot $ 93 Average Days on Market (DOM) 91 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) 1% Percent Flip (price increased) 3% Median House Size (sq ft) 2336 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 4.0
±+ == ±+
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
19.0
≠≠
== 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 hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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
$ 367,000
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
3552
8,001 10,000 sqft
4.0
3.5
6
17
2
0
155
$ 239,900
2407
0.25 - 0.50 acre
4.0
2.0
13
17
3
1
87
Upper-middle 25% of properties
Lower/Third
$ 200,000
2222
8,001 10,000 sqft
3.0
2.0
24
17
1
0
51
Lower-middle 25% of properties
Bottom/Fourth
$ 142,075
1784
0.25 - 0.50 acre
3.0
2.0
36
18
0
1
72
Least expensive 25% of properties
Most 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 June 14, 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 $158,000. The 173 properties have been on the market for an average of 97 days.
Trend
Median List Price
$ 158,000
Average List Price
$ 178,919 $ 85
==
Average Days on Market (DoM)
97
==
Inventory of Properties Listed
173
==
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
$ 636,000
Least Expensive Listing
$ 45,000
Average Age of Listing
29
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1958
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
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
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
$ 262,000
2666
8,001 10,000 sqft
4.0
2.5
10
43
6
1
108
Upper/Second
$ 180,000
2164
8,001 10,000 sqft
4.0
2.0
20
43
3
1
89
Upper-middle 25% of properties
Lower/Third
$ 139,900
1710
8,001 10,000 sqft
3.0
2.0
37
43
5
2
91
Lower-middle 25% of properties
Bottom/Fourth
$ 99,900
1382
8,001 10,000 sqft
3.0
2.0
51
44
8
4
101
Page 2 of 16
Monday June 14, 2010
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX
Median Price Prices are climbing and we're nearing the market's all time high. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.
7-day Average
90-day Average
Quartile Prices Prices in most of the market have been showing strength. Only Quartile 4 at the low end of the market is in a price decline. 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 3 of 16
Second/Upper
Third/Lower
Monday June 14, 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 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 4 of 16
90-day Average
Monday June 14, 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 19.77. 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 June 14, 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 97 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 June 14, 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 $224,900. The 69 properties have been on the market for an average of 91 days.
Trend
Median List Price
$ 224,900
Average List Price
$ 242,968 $ 93
==
Average Days on Market (DoM)
91
±+
Inventory of Properties Listed
69
==
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 111,000
Average Age of Listing
22
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
1%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2336
Median Lot Size
Supply and Demand
±+
8,001 - 10,000 sqft
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
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
19.0
≠≠
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 367,000
3552
8,001 10,000 sqft
4.0
3.5
6
17
2
0
155
Upper/Second
$ 239,900
2407
0.25 - 0.50 acre
4.0
2.0
13
17
3
1
87
Upper-middle 25% of properties
Lower/Third
$ 200,000
2222
8,001 10,000 sqft
3.0
2.0
24
17
1
0
51
Lower-middle 25% of properties
Bottom/Fourth
$ 142,075
1784
0.25 - 0.50 acre
3.0
2.0
36
18
0
1
72
Least expensive 25% of properties
Page 7 of 16
Monday June 14, 2010
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
Median Price We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see pricing in this zip code is lacking strong directional indication lately. Quartiles 1 and 3 are up while Quartiles 2 and 4 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 8 of 16
Second/Upper
Third/Lower
Monday June 14, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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 June 14, 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 19.04. 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.
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Monday June 14, 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 91 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
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Second/Upper
Third/Lower
Monday June 14, 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 $129,900. The 104 properties have been on the market for an average of 101 days.
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Trend
Median List Price
$ 129,900
Average List Price
$ 136,426
Asking Price Per Square Foot
$ 78
==
Average Days on Market (DoM)
101
±+
Inventory of Properties Listed
104
==
Most Expensive Listing
$ 270,000
Least Expensive Listing
$ 45,000
Average Age of Listing
33
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
12 %
Percent Flip (price increased)
5%
Median House Size (sq ft)
1722
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
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
19.5
≠≠
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
$ 192,500
2496
8,001 10,000 sqft
4.0
2.2
8
26
3
0
96
Upper/Second
$ 144,900
1846
4,501 6,500 sqft
3.0
2.0
9
26
4
1
123
Upper-middle 25% of properties
Lower/Third
$ 115,000
1514
8,001 10,000 sqft
3.0
2.0
49
26
4
2
95
Lower-middle 25% of properties
Bottom/Fourth
$ 86,950
1346
8,001 10,000 sqft
3.0
2.0
52
26
5
3
91
Least expensive 25% of properties
Page 12 of 16
Monday June 14, 2010
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
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 that while the lower half of the market has seen negative price trends lately, the upper half has not. Quartile 2 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
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Second/Upper
Third/Lower
Monday June 14, 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 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 14 of 16
90-day Average
Monday June 14, 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 19.52. 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 June 14, 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 101 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
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Second/Upper
Third/Lower
Monday June 14, 2010
Fourth/Bottom