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Tucson Northwest | May 2012

As of April 2012 active inventory was 1,513, a 6% decrease from April 2011. There were 318 closings in April 2012, 12% above April 2011. Months of Inventory was 4.8, down from 5.7 from April 2011. Median price of sold homes was $171,000 for the month of April 2012, down 4% from April 2011. The Northwest area had 436 new properties under contract in April 2012, up 29% from April 2011.

Months of Inventory, Active Listings and Closings

2500

Active Listings

Closings

Months of Inventory

12.0

Active Listings/Closings

2000

10.0

8.0 1500 6.0 1000 4.0

500

2.0

0
Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Jan12 Feb12 Mar12 Apr12

0.0

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/4/2012. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Median and Average Price (Closed Sales)

300000

Average Price

Median Price

250000

200000

Pricing

150000

100000

50000

0
Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Jan12 Feb12 Mar12 Apr12

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/4/2012. Information is believed to be reliable, but not guaranteed.

Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

Months of Inventory

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Tucson Northwest | May 2012

New Properties Under Contract

600

This graph depicts the new properties that have gone under contract in the given month.

Number of New Properties Under Contract

500

400

300

200

100

Apr10

May10

Jun10

Jul10

Aug10

Sep10

Oct10

Nov10

Dec10

Jan11

Feb11

Mar11

Apr11

May11

Jun11

Jul11

Aug11

Sep11

Oct11

Nov11

Dec11

Jan12

Feb12

Mar12

Apr12

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/4/2012. Information is believed to be reliable, but not guaranteed.

Market Share
35.0%

30.1%
30.0% 25.0%

Percentage

20.0%

15.0%

13.0%

10.0%

8.5%

7.8% 3.5% 3.4%

5.0%

0.0%

Long Realty Company

Tierra Antigua Realty

Coldwell Banker Residential Brokerage

Keller Williams Southern AZ

Russ Lyon Sotheby's Int Realty

RE/MAX Excalibur

Data Obtained 5/4/2012 from TARMLS using BrokerMetrics software for all closed residential sales volume between 5/1/2011 - 4/30/2012 rounded to the nearest tenth on one percent and deemed to be correct.

Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

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Tucson Northwest | May 2012 Price Banded Market Report Residential Homes
Homes on the Market
Price Band

Homes Sold/Closed
Nov-11 6 13 19 30 41 22 28 18 15 8 9 11 7 5 8 1 3 244 Dec-11 5 8 17 32 41 29 27 11 13 15 6 12 12 3 3 0 0 234 Jan-12 9 8 19 16 41 35 26 12 13 11 7 7 9 4 10 1 0 228 Feb-12 7 12 24 36 46 21 26 27 16 15 8 17 6 5 5 1 0 272 Mar-12 12 6 25 39 47 46 41 31 21 12 13 20 8 14 4 2 2 343 Apr-12 8 10 17 41 45 41 32 30 22 12 10 12 8 10 16 1 3 318

Months of Inventory

Apr-12 16 44 69 71 89 109 132 95 133 89 106 119 101 130 107 41 61 1,512

$1 - 49,999 $50,000 - 74,999 $75,000 - 99,999 $100,000 - 124,999 $125,000 - 149,999 $150,000 - 174,999 $175,000 - 199,999 $200,000 - 224,999 $225,000 - 249,999 $250,000 - 274,999 $275,000 - 299,999 $300,000 - 349,999 $350,000 - 399,999 $400,000 - 499,999 $500,000 - 749,999 $750,000 - 999,999 $1,000,000 - and over

2.0 4.4 4.1 1.7 2.0 2.7 4.1 3.2 6.0 7.4 10.6 9.9 12.6 13.0 6.7 41.0 20.3 4.8

TOTAL

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/4/2012. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Real estate is in fact very localized. Market conditions can vary greatly by not only geographic area but also by price range, as demonstrated in the above Long Realty Research Center chart. Find the price range of interest to you to track relevant market conditions, and contact me for a more in-depth analysis.
Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

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Tucson Northwest | May 2012

Months of Inventory by Zip Code

85739 | 11.5 Months 85658 | 5.5 Months 85755 | 5.2 Months

85653 | 3.4 Months 85742 | 3.3 Months

85737 | 5.9 Months

85750 | 5.4 Months 85704 | 3.8 Months

85741 | 2.0 Months 85743 | 3.4 Months 85718 | 5.6 Months

85749 | 9.4 Months

85705 | 3.4 Months

85712 | 2.5 Months 85715 | 3.5 Months

85745 | 4.5 Months

85719 | 4.5 Months

85716 | 4.5 Months

85701 | 8.5 Months 85711 | 2.5 Months 85735 | 5.8 Months 85713 | 4.2 Months

85748 | 3.2 Months 85710 | 2.6 Months

85730 | 1.5 Months 85714 | 2.3 Months

85757 | 1.5 Months 85756 |1.4 Months 85746 | 2.6 Months 85706 | 2.1 Months

85747 | 3.0 Months

85614 | 5.2 Months

85622 | 6.5 Months

85629 | 3.5 Months

85641 | 6.2 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 5/4/2012. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered balanced when Months of Inventory is around 6. As you can see by this Long Realty Research Center map, market conditions can vary signicantly by area. Contact me to get Months of Inventory information for your specic neighborhood.
Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

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Tucson Northwest | May 2012

Months of Inventory Heat Map by Zip Code

85739 | 11.5 Months 85739
85658 | 5.5 Months

85658

85755
85755 | 5.2 Months

85653 85653 | 3.4 Months

85742 85742 | 3.3 Months

85737 85737 | 5.9 Months

85750 | 5.4 Months 85750 85704 | 3.8 Months 85704

85743 85741 85741 | 2.0 Months

85743 | 3.4 Months 85718 85718 | 5.6 Months

85749
85749 | 9.4 Months

85705 | 3.4 Months

85705

85712 | 2.5 Months

85712
85745 85745 | 4.5 Months 85719 | 4.5 Months 85719 85716 85716 | 4.5 Months

85715 85715 | 3.5 Months

85748 | 3.2 Months

85701 | 8.5 Months

85701
85735 85735 | 5.8 Months

85711 85711 | 2.5 Months

85710 | 2.6 Months

85710

85748

85713 85713 | 4.2 Months 85708 85730 85714

85714 | 2.3 Months 85730 | 1.5 Months

85706
85757 | 1.5 Months

85707
85747 85747 | 3.0 Months

85757
85756 |1.4 Months

85756
85706 | 2.1 Months

85746

85746 | 2.6 Months

85706
85614 |85614 5.2 Months 85622 |85622 6.5 Months 85629 85629 | 3.5 Months 85641 85641 | 6.2 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/4/2012. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

MONTHS
0-2 3-4 5-6 7-8 9+

MARKET
Sellers Market Normal Market Buyers Market
Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com