Kelli Grant Realty Group Market Report Executive Summary

Monday March 12, 2012

PHOENIX, AZ 85086
Single Family Homes

This Week
The median list price in PHOENIX, AZ 85086 this week is $272,000. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Real-Time Market Profile Median List Price $ 272,000 Asking Price Per Square Foot $ 101 Average Days on Market (DOM) 127 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 7% Median House Size (sq ft) 2647 Median Lot Size 2.5 - 5.0 acres Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 2.0 19.0

Trend + +

Supply and Demand

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

== 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
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
20+ acres

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 450,000 $ 315,000 $ 229,900 $ 154,950

3640

4.0 4.0 4.0 3.0

3.0 3.0 2.0 2.0

8 9 10 9

75 75 76 76

2 10 10 8

8 8 10 6

155 119 114 121

2793 not available 2359

1.0 - 2.5 acres

1850 not available

Kelli Grant Group | www.PhoenixHomeResource.com

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC