Monday June 28, 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 has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Real-Time Market Profile
Trend
Median List Price $ 650,000 Asking Price Per Square Foot $ 146 Average Days on Market (DOM) 185 Percent of Properties with Price Decrease 41 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 3% Median House Size (sq ft) 4436 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 5.0
±+ ±+ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market 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.
±+
No change
4.5
Strong Buyer's
13.3
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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
$ 1,650,000
6600
Upper/Second
$ 760,000
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
235
Most expensive 25% of properties
5030
0.50 - 1.0 acre
5.0
4.5
6
91
3
4
181
Upper-middle 25% of properties
$ 540,000
4119
0.25 - 0.50 acre
4.0
4.0
14
91
9
7
161
Lower-middle 25% of properties
$ 399,999
3354
0.25 - 0.50 acre
4.0
3.0
16
91
4
3
163
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 28, 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 364 properties have been on the market for an average of 185 days.
Trend
Median List Price
$ 650,000
Average List Price
$ 896,487 $ 146
±+
Average Days on Market (DoM)
185
==
Inventory of Properties Listed
364
≠≠
Asking Price Per Square Foot
Most Expensive Listing
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
$ 5,595,000
Least Expensive Listing
$ 145,000
Average Age of Listing
11
Percent of Properties with Price Decrease
41 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
3%
Median House Size (sq ft)
4436
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
13.3
±+
The Market Action Index answers the question "How's the Market?" By measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 1,650,000
6600
1.0 - 2.5 acres
5.0
6.0
4
91
2
1
235
Most expensive 25% of properties
Upper/Second
$ 760,000
5030
0.50 - 1.0 acre
5.0
4.5
6
91
3
4
181
Upper-middle 25% of properties
Lower/Third
$ 540,000
4119
0.25 - 0.50 acre
4.0
4.0
14
91
9
7
161
Lower-middle 25% of properties
Bottom/Fourth
$ 399,999
3354
0.25 - 0.50 acre
4.0
3.0
16
91
4
3
163
Least expensive 25% of properties
Page 2 of 6
Monday June 28, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
SOUTHLAKE, TX
Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices Prices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. 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 June 28, 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 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 June 28, 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 13.28. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.
Page 5 of 6
Monday June 28, 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 185 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 6 of 6
Second/Upper
Third/Lower
Monday June 28, 2010
Fourth/Bottom
Monday June 28, 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 $559,000. 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 $ 559,000 Asking Price Per Square Foot $ 133 Average Days on Market (DOM) 184 Percent of Properties with Price Decrease 47 % Percent Relisted (reset DOM) 12 % Percent Flip (price increased) 2% Median House Size (sq ft) 4112 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
±+
No change
4.0
Strong Buyer's
12.7
≠≠
== 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 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
$ 996,000
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
6036
0.50 - 1.0 acre
5.0
5.5
6
76
5
0
272
Most expensive 25% of properties
$ 675,000
4774
0.25 - 0.50 acre
4.0
4.5
12
76
3
1
207
Upper-middle 25% of properties
Lower/Third
$ 459,500
3687
0.25 - 0.50 acre
4.0
3.5
16
76
1
6
149
Lower-middle 25% of properties
Bottom/Fourth
$ 345,000
2887
0.25 - 0.50 acre
4.0
3.0
25
77
2
4
109
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 28, 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 $559,000. The 305 properties have been on the market for an average of 184 days.
Trend
Median List Price
$ 559,000
Average List Price
$ 740,648 $ 133
==
Average Days on Market (DoM)
184
==
Inventory of Properties Listed
305
==
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.
$ 8,950,000
Least Expensive Listing
$ 159,850
Average Age of Listing
15
Percent of Properties with Price Decrease
47 %
Percent Relisted (reset DOM)
12 %
Percent Flip (price increased)
2%
Median House Size (sq ft)
4112
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 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
12.7
≠≠
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
$ 996,000
6036
0.50 - 1.0 acre
5.0
5.5
6
76
5
0
272
Most expensive 25% of properties
Upper/Second
$ 675,000
4774
0.25 - 0.50 acre
4.0
4.5
12
76
3
1
207
Upper-middle 25% of properties
Lower/Third
$ 459,500
3687
0.25 - 0.50 acre
4.0
3.5
16
76
1
6
149
Lower-middle 25% of properties
Bottom/Fourth
$ 345,000
2887
0.25 - 0.50 acre
4.0
3.0
25
77
2
4
109
Least expensive 25% of properties
Page 2 of 6
Monday June 28, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
Median Price Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
7-day Average
90-day Average
Quartile Prices 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 28, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
COLLEYVILLE, TX
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 4 of 6
90-day Average
Monday June 28, 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 12.70. 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 28, 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 184 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 6 of 6
Second/Upper
Third/Lower
Monday June 28, 2010
Fourth/Bottom
Monday June 28, 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 $365,000. 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 $ 365,000 Asking Price Per Square Foot $ 110 Average Days on Market (DOM) 171 Percent of Properties with Price Decrease 38 % Percent Relisted (reset DOM) 9% Percent Flip (price increased) 6% Median House Size (sq ft) 3228 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. 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
3.5
Strong Buyer's
15.1
==
== 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. Keep an eye on the Market Action Index for a leading indicator of the duration of this downtrend.
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
$ 1,310,000
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
5697
0.50 - 1.0 acre
5.0
5.5
5
86
8
3
271
Most expensive 25% of properties
$ 462,400
4010
0.25 - 0.50 acre
4.0
3.8
5
86
3
5
178
Upper-middle 25% of properties
Lower/Third
$ 267,450
2816
0.25 - 0.50 acre
4.0
2.5
14
86
8
4
127
Lower-middle 25% of properties
Bottom/Fourth
$ 147,900
2000
4,501 6,500 sqft
3.0
2.0
8
87
4
9
107
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 28, 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 $365,000. The 345 properties have been on the market for an average of 171 days.
Trend
Median List Price
$ 365,000
Average List Price
$ 687,247 $ 110
±+
Average Days on Market (DoM)
171
==
Inventory of Properties Listed
345
==
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.
$ 9,000,000
Least Expensive Listing
$ 79,900
Average Age of Listing
11
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
6%
Median House Size (sq ft)
3228
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
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
15.1
==
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
$ 1,310,000
5697
0.50 - 1.0 acre
5.0
5.5
5
86
8
3
271
Most expensive 25% of properties
Upper/Second
$ 462,400
4010
0.25 - 0.50 acre
4.0
3.8
5
86
3
5
178
Upper-middle 25% of properties
Lower/Third
$ 267,450
2816
0.25 - 0.50 acre
4.0
2.5
14
86
8
4
127
Lower-middle 25% of properties
Bottom/Fourth
$ 147,900
2000
4,501 6,500 sqft
3.0
2.0
8
87
4
9
107
Least expensive 25% of properties
Page 2 of 6
Monday June 28, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, TX
Median Price This week prices bumped up a bit but the trend of recent weeks is generally downward. 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 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 6
Second/Upper
Third/Lower
Monday June 28, 2010
Fourth/Bottom
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
ROANOKE, 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 28, 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 15.09. 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 28, 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 171 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 6 of 6
Second/Upper
Third/Lower
Monday June 28, 2010
Fourth/Bottom
Monday June 28, 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.
Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.
Real-Time Market Profile
Trend
Median List Price $ 299,900 Asking Price Per Square Foot $ 99 Average Days on Market (DOM) 140 Percent of Properties with Price Decrease 49 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 3% Median House Size (sq ft) 3184 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 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.
±+
No change
3.0
Strong Buyer's
16.0
±+
== 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 their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$ 524,000
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
4262
0.25 - 0.50 acre
4.0
4.0
6
107
7
10
143
Most expensive 25% of properties
$ 349,900
3447
0.25 - 0.50 acre
4.0
3.5
10
107
10
7
138
Upper-middle 25% of properties
Lower/Third
$ 264,745
2900
8,001 10,000 sqft
4.0
3.0
12
108
9
7
144
Lower-middle 25% of properties
Bottom/Fourth
$ 169,900
2182
6,501 8,000 sqft
4.0
2.0
14
108
11
10
138
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 28, 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 $169,900.
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 $ 169,900 Asking Price Per Square Foot $ 76 Average Days on Market (DOM) 87 Percent of Properties with Price Decrease 43 % Percent Relisted (reset DOM) 9% Percent Flip (price increased) 6% Median House Size (sq ft) 2358 Median Lot Size 4,501 - 6,500 sqft 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. 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
2.5
Strong Buyer's
16.7
==
== 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
$ 267,990
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
3278
8,001 10,000 sqft
4.0
3.0
4
165
12
7
92
Most expensive 25% of properties
$ 187,813
2549
4,501 6,500 sqft
4.0
2.5
5
165
12
12
94
Upper-middle 25% of properties
Lower/Third
$ 159,000
2162
4,501 6,500 sqft
3.0
2.0
5
165
8
12
81
Lower-middle 25% of properties
Bottom/Fourth
$ 134,450
1842
4,501 6,500 sqft
3.0
2.0
6
166
22
17
81
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 28, 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 $206,900. The 1091 properties have been on the market for an average of 109 days.
Trend
Median List Price
$ 206,900
Average List Price
$ 250,090
Asking Price Per Square Foot
$ 82
±+
Average Days on Market (DoM)
109
==
Inventory of Properties Listed
1091
==
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
45 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
5%
Median House Size (sq ft)
2628
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
16.4
==
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:
±+
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
$ 395,950
3808
0.25 - 0.50 acre
4.0
3.5
7
272
22
21
132
Most expensive 25% of properties
Upper/Second
$ 249,900
2893
8,001 10,000 sqft
4.0
2.5
7
273
21
13
112
Upper-middle 25% of properties
Lower/Third
$ 173,000
2365
4,501 6,500 sqft
4.0
2.5
5
273
20
18
99
Lower-middle 25% of properties
Bottom/Fourth
$ 138,000
1860
4,501 6,500 sqft
3.0
2.0
6
273
28
30
92
Least expensive 25% of properties
Page 2 of 16
Monday June 28, 2010
Single Family Homes in
City Overview
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, 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 Price weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market is trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the market.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday June 28, 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 plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
7-day Average
90-day Average
Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
7-day Average
Page 4 of 16
90-day Average
Monday June 28, 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 16.39. 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 28, 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 109 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 28, 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 430 properties have been on the market for an average of 140 days.
Trend
Median List Price
$ 299,900
Average List Price
$ 340,723
Asking Price Per Square Foot
$ 99
==
Average Days on Market (DoM)
140
==
Inventory of Properties Listed
430
±+
Most Expensive Listing
Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.
$ 2,000,000
Least Expensive Listing
$ 69,900
Average Age of Listing
12
Percent of Properties with Price Decrease
49 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
3%
Median House Size (sq ft)
3184
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
16.0
±+
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
$ 524,000
4262
0.25 - 0.50 acre
4.0
4.0
6
107
7
10
143
Most expensive 25% of properties
Upper/Second
$ 349,900
3447
0.25 - 0.50 acre
4.0
3.5
10
107
10
7
138
Upper-middle 25% of properties
Lower/Third
$ 264,745
2900
8,001 10,000 sqft
4.0
3.0
12
108
9
7
144
Lower-middle 25% of properties
Bottom/Fourth
$ 169,900
2182
6,501 8,000 sqft
4.0
2.0
14
108
11
10
138
Least expensive 25% of properties
Page 7 of 16
Monday June 28, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
KELLER, TX 76248
Median Price We continue to see prices in this zip code hovering around their high point. 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 prices in this zip code with a lack of strong directional indication lately. Quartiles 2 and 4 are down, while Quartiles 1 and 3 are up 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 28, 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 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 relatively steady around these levels in recent weeks.
7-day Average
Page 9 of 16
90-day Average
Monday June 28, 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 15.98. 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 28, 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 140 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 28, 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 $169,900. The 661 properties have been on the market for an average of 87 days.
Trend
Median List Price
$ 169,900
Average List Price
$ 191,131 $ 76
±+
Average Days on Market (DoM)
87
==
Inventory of Properties Listed
661
±+
Asking Price Per Square Foot
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.
Most Expensive Listing
$ 640,000
Least Expensive Listing
$ 77,500
Average Age of Listing
5
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
9%
Percent Flip (price increased)
6%
Median House Size (sq ft)
2358
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
16.7
==
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
$ 267,990
3278
8,001 10,000 sqft
4.0
3.0
4
165
12
7
92
Most expensive 25% of properties
Upper/Second
$ 187,813
2549
4,501 6,500 sqft
4.0
2.5
5
165
12
12
94
Upper-middle 25% of properties
Lower/Third
$ 159,000
2162
4,501 6,500 sqft
3.0
2.0
5
165
8
12
81
Lower-middle 25% of properties
Bottom/Fourth
$ 134,450
1842
4,501 6,500 sqft
3.0
2.0
6
166
22
17
81
Least expensive 25% of properties
Page 12 of 16
Monday June 28, 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 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 13 of 16
Second/Upper
Third/Lower
Monday June 28, 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 relatively steady around these levels in recent weeks.
7-day Average
Page 14 of 16
90-day Average
Monday June 28, 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 16.74. 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 28, 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 87 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 28, 2010
Fourth/Bottom
Monday June 28, 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 $149,900. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Real-Time Market Profile
Trend
Median List Price $ 149,900 Asking Price Per Square Foot $ 79 Average Days on Market (DOM) 116 Percent of Properties with Price Decrease 43 % Percent Relisted (reset DOM) 7% Percent Flip (price increased) 3% Median House Size (sq ft) 1964 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
±+ ≠≠ ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
±+
No change
2.0
Strong Buyer's
16.9
≠≠
== 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
$ 328,500
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
3164
8,001 10,000 sqft
4.0
3.0
5
33
4
1
199
$ 215,000
2377
8,001 10,000 sqft
4.0
2.5
9
33
0
0
60
Upper-middle 25% of properties
Lower/Third
$ 120,425
1764
8,001 10,000 sqft
3.0
2.0
42
34
2
2
109
Lower-middle 25% of properties
Bottom/Fourth
$ 90,000
1432
8,001 10,000 sqft
3.0
2.0
50
34
2
1
98
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 28, 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 $187,900. The 321 properties have been on the market for an average of 105 days.
Trend
Median List Price
$ 187,900
Average List Price
$ 230,828
Asking Price Per Square Foot
$ 86
≠≠
Average Days on Market (DoM)
105
==
Inventory of Properties Listed
321
==
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
$ 53,000
Average Age of Listing
22
Percent of Properties with Price Decrease
45 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2217
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
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
$ 399,700
3832
0.25 - 0.50 acre
4.0
3.5
4
80
4
1
153
Most expensive 25% of properties
Upper/Second
$ 239,950
2685
8,001 10,000 sqft
4.0
2.5
10
80
6
7
101
Upper-middle 25% of properties
Lower/Third
$ 149,900
1838
8,001 10,000 sqft
3.0
2.0
26
80
9
3
90
Lower-middle 25% of properties
Bottom/Fourth
$ 96,500
1438
8,001 10,000 sqft
3.0
2.0
38
81
4
2
78
Least expensive 25% of properties
Page 2 of 16
Monday June 28, 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 28, 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 28, 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 17.24. 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 28, 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 105 days. Half of the listings have come newly on the market in the past 70 or so days.
7-day Average
90-day Average
Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top
Page 6 of 16
Second/Upper
Third/Lower
Monday June 28, 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 $224,500. The 187 properties have been on the market for an average of 97 days.
Trend
Median List Price
$ 224,500
Average List Price
$ 259,807 $ 90
≠≠
Average Days on Market (DoM)
97
==
Inventory of Properties Listed
187
==
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
$ 67,000
Average Age of Listing
17
Percent of Properties with Price Decrease
45 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
4%
Median House Size (sq ft)
2389
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
17.2
≠≠
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
$ 449,900
3981
0.25 - 0.50 acre
4.0
3.5
4
46
1
0
132
Most expensive 25% of properties
Upper/Second
$ 285,000
2865
0.25 - 0.50 acre
4.0
2.5
12
47
3
7
108
Upper-middle 25% of properties
Lower/Third
$ 167,900
2042
8,001 10,000 sqft
3.0
2.0
20
47
6
1
91
Lower-middle 25% of properties
Bottom/Fourth
$ 99,900
1448
8,001 10,000 sqft
3.0
2.0
32
47
5
1
56
Least expensive 25% of properties
Page 7 of 16
Monday June 28, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
NORTH RICHLAND HILLS, TX 76182
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 the market's price weakness evident across the board. Quartiles 2, 3, and 4 have been in price decline in recent weeks, with Quartile 1 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 28, 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 28, 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 17.22. 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 28, 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 97 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 28, 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 $149,900. The 134 properties have been on the market for an average of 116 days. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Trend
Median List Price
$ 149,900
Average List Price
$ 190,388
Asking Price Per Square Foot
$ 79
≠≠
Average Days on Market (DoM)
116
==
Inventory of Properties Listed
134
==
Most Expensive Listing
$ 619,900
Least Expensive Listing
$ 53,000
Average Age of Listing
28
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
3%
Median House Size (sq ft)
1964
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
16.9
≠≠
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
$ 328,500
3164
8,001 10,000 sqft
4.0
3.0
5
33
4
1
199
Upper/Second
$ 215,000
2377
8,001 10,000 sqft
4.0
2.5
9
33
0
0
60
Upper-middle 25% of properties
Lower/Third
$ 120,425
1764
8,001 10,000 sqft
3.0
2.0
42
34
2
2
109
Lower-middle 25% of properties
Bottom/Fourth
$ 90,000
1432
8,001 10,000 sqft
3.0
2.0
50
34
2
1
98
Page 12 of 16
Monday June 28, 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 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 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 28, 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 June 28, 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 16.87. 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 28, 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 116 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 28, 2010
Fourth/Bottom
Monday June 28, 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 $215,000.
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 $ 215,000 Asking Price Per Square Foot $ 93 Average Days on Market (DOM) 112 Percent of Properties with Price Decrease 52 % Percent Relisted (reset DOM) 8% Percent Flip (price increased) 3% Median House Size (sq ft) 2319 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 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
17.6
≠≠
== 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
$ 359,900
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
3577
8,001 10,000 sqft
4.0
3.5
6
17
1
0
151
$ 239,910
2491
8,001 10,000 sqft
4.0
2.5
12
18
2
0
79
Upper-middle 25% of properties
Lower/Third
$ 199,900
2132
8,001 10,000 sqft
3.5
2.0
26
18
3
0
103
Lower-middle 25% of properties
Bottom/Fourth
$ 139,700
1736
8,001 10,000 sqft
3.0
2.0
38
18
1
1
116
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 28, 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 $157,000. The 179 properties have been on the market for an average of 102 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Trend
Median List Price
$ 157,000
Average List Price
$ 177,172
Asking Price Per Square Foot
$ 84
≠≠
Average Days on Market (DoM)
102
==
Inventory of Properties Listed
179
==
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 48,000
Average Age of Listing
29
Percent of Properties with Price Decrease
47 %
Percent Relisted (reset DOM)
10 %
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
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
18.2
≠≠
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
$ 269,900
2798
8,001 10,000 sqft
4.0
3.0
10
44
3
0
116
Upper/Second
$ 175,000
2125
8,001 10,000 sqft
4.0
2.0
20
45
5
1
94
Upper-middle 25% of properties
Lower/Third
$ 135,000
1676
8,001 10,000 sqft
3.0
2.0
38
45
3
0
97
Lower-middle 25% of properties
Bottom/Fourth
$ 99,900
1386
8,001 10,000 sqft
3.0
2.0
51
45
5
1
100
Page 2 of 16
Monday June 28, 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 This week prices remained relatively flat. However the recent trends have us pulling back from the market's high points. The Market Action Index is a good leading indicator for the durability of this trend.
7-day Average
90-day Average
Quartile Prices Pricing across most of the market has been relatively strong recently. While Quartile 4 is basically flat, all other segments are in an up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 4 will assume a similar trend with the other groups.
First/Top
Page 3 of 16
Second/Upper
Third/Lower
Monday June 28, 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'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 28, 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 18.23. 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 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 28, 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 102 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 28, 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 $215,000. The 71 properties have been on the market for an average of 112 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Trend
Median List Price
$ 215,000
Average List Price
$ 240,890
Asking Price Per Square Foot
$ 93
==
Average Days on Market (DoM)
112
==
Inventory of Properties Listed
71
==
Most Expensive Listing
$ 636,000
Least Expensive Listing
$ 99,900
Average Age of Listing
22
Percent of Properties with Price Decrease
52 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
3%
Median House Size (sq ft)
2319
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 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
$ 359,900
3577
8,001 10,000 sqft
4.0
3.5
6
17
1
0
151
Upper/Second
$ 239,910
2491
8,001 10,000 sqft
4.0
2.5
12
18
2
0
79
Upper-middle 25% of properties
Lower/Third
$ 199,900
2132
8,001 10,000 sqft
3.5
2.0
26
18
3
0
103
Lower-middle 25% of properties
Bottom/Fourth
$ 139,700
1736
8,001 10,000 sqft
3.0
2.0
38
18
1
1
116
Least expensive 25% of properties
Page 7 of 16
Monday June 28, 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 Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices in this zip code lacking strong directional correlation lately. Quartiles 1 and 3 are up while Quartile 4 is down and Quartile 2 is 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 28, 2010
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76054
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 9 of 16
90-day Average
Monday June 28, 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 17.64. 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 28, 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 112 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 11 of 16
Second/Upper
Third/Lower
Monday June 28, 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 108 properties have been on the market for an average of 95 days.
Trend
Median List Price
$ 129,900
Average List Price
$ 135,283 $ 78
==
Average Days on Market (DoM)
95
±+
Inventory of Properties Listed
108
==
Asking Price Per Square Foot
With inventory trending up but dayson-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Most Expensive Listing
$ 270,000
Least Expensive Listing
$ 48,000
Average Age of Listing
33
Percent of Properties with Price Decrease
44 %
Percent Relisted (reset DOM)
11 %
Percent Flip (price increased)
5%
Median House Size (sq ft)
1729
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
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
18.2
±+
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
$ 184,900
2487
8,001 10,000 sqft
4.0
2.0
7
27
2
1
97
Most expensive 25% of properties
Upper/Second
$ 142,500
1826
4,501 6,500 sqft
3.0
2.0
9
27
2
0
97
Upper-middle 25% of properties
Lower/Third
$ 115,000
1529
6,501 8,000 sqft
3.0
2.0
49
27
2
0
91
Lower-middle 25% of properties
Bottom/Fourth
$ 84,900
1320
8,001 10,000 sqft
3.0
2.0
52
27
3
0
96
Least expensive 25% of properties
Page 12 of 16
Monday June 28, 2010
Single Family Homes in
Neighborhood Detail
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
HURST, TX 76053
Median Price We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
7-day Average
90-day Average
Quartile Prices In the quartile market segments, we see prices at the high-end of the market (Quartiles 1 and 2) showing strength. Quartiles 3 and 4 are in a price decline in recent weeks. 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 the lower-half of the market will begin to reverse the trend and push prices higher here too.
First/Top
Page 13 of 16
Second/Upper
Third/Lower
Monday June 28, 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 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 14 of 16
90-day Average
Monday June 28, 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 18.16. 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 28, 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 95 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 28, 2010
Fourth/Bottom