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Tucson East | March 2012

As of February 2012 active inventory was 328, a 21% decrease from February 2011. There were 87 closings in February 2012, 61% above February 2011. Months of Inventory was 3.8, down from 7.7 in February 2011. Median price of sold homes was $109,199 for the month of February 2012, down 15% from February 2011. The East side had 142 new properties under contract in February 2012, up 48% from February 2011.

Months of Inventory, Active Listings and Closings

600

Active Listings

Closings

Months of Inventory

10.0 9.0

500

Active Listings/Closings

8.0 7.0 400 6.0 300 5.0 4.0 200 3.0 2.0 100 1.0 0
Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Jan12 Feb12

0.0

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 3/5/2012. 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)

180000 160000 140000 120000

Average Price

Median Price

Pricing

100000 80000 60000 40000 20000 0

Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Jan12 Feb12

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 3/5/2012. 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 East | March 2012

New Properties Under Contract

180

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

Number of New Properties Under Contract

160

140

120

100

80

60

40

20

Feb10

Mar10

Apr10

May10

Jun10

Jul10

Aug10

Sep10

Oct10

Nov10

Dec10

Jan11

Feb11

Mar11

Apr11

May11

Jun11

Jul11

Aug11

Sep11

Oct11

Nov11

Dec11

Jan12

Feb12

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 3/5/2012. Information is believed to be reliable, but not guaranteed.

Market Share
30.0%

25.0%

24.7%

20.0%

Percentage

17.1%
15.0%

10.0%

8.8% 6.4%

5.0%

2.6%
0.0%

2.2%

Long Realty Company

Tierra Antigua Realty

Keller Williams Southern AZ

Coldwell Banker Residential Brokerage

HomeSmart

Century 21 1st American

Data Obtained 3/5/2012 from TARMLS using BrokerMetrics software for all closed residential sales volume between 3/1/2011 - 2/29/2012 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 East | March 2012 Price Banded Market Report Residential Homes
Homes on the Market
Price Band

Homes Sold/Closed
Sep-11 8 14 14 26 16 9 3 2 3 0 2 0 1 4 0 0 0 102 Oct-11 4 8 19 13 15 9 4 1 2 1 1 1 1 0 0 0 0 79 Nov-11 7 6 20 8 12 7 10 7 1 0 0 0 0 0 0 0 1 79 Dec-11 9 17 17 23 12 10 4 1 1 0 1 0 0 0 1 0 0 96 Jan-12 3 13 15 13 12 8 3 2 2 0 0 0 2 1 0 0 0 74 Feb-12 11 12 16 19 11 9 4 2 1 0 0 0 0 1 1 0 0 87

Months of Inventory

Feb-12 42 31 40 44 57 34 22 9 7 5 6 9 3 3 3 1 1 317

$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

3.8 2.6 2.5 2.3 5.2 3.8 5.5 4.5 7.0 n/a n/a n/a n/a 3.0 3.0 n/a n/a 3.6

TOTAL

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 3/5/2012. 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 East | March 2012

Months of Inventory by Zip Code

85739 | 10.0 Months 85658 | 11.2 Months 85755 | 9.8 Months

85653 | 4.2 Months 85742 | 4.1 Months

85737 | 5.2 Months

85750 | 7.6 Months 85704 | 7.2 Months

85741 | 2.6 Months 85743 | 4.7 Months 85718 | 7.7 Months

85749 | 8.8 Months

85705 | 3.6 Months

85712 | 4.3 Months 85715 | 6.0 Months

85745 | 4.8 Months

85719 | 7.9 Months

85716 | 5.5 Months

85701 | N/A Months 85711 | 3.9 Months 85735 | 13.8 Months 85713 | 6.5 Months

85748 | 3.6 Months 85710 | 3.7 Months

85730 | 2.7 Months 85714 | 3.0 Months

85757 | 2.2 Months 85756 |2.1 Months 85746 | 2.8 Months 85706 | 2.8 Months

85747 | 3.7 Months

85614 | 10.6 Months

85622 | 10.8 Months

85629 | 4.5 Months

85641 | 4.8 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 3/5/2012. 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