03 12 Exec Summary [Condo] Az Scottsdale 85258

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  • 8/2/2019 03 12 Exec Summary [Condo] Az Scottsdale 85258

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    22 11970

    2082.0 28

    2.0

    5

    153

    2.0 36

    201

    2

    4

    28

    $ 174,900

    6

    1

    37

    2.0

    32.0

    1005

    36

    $ 129,900

    2.0

    250

    $ 332,450

    2.0$ 467,250

    26

    7

    1543

    Again this week in this zip code we see a downward notch foprices. Pricing has been weak in recent weeks and versus thabsolute-high level. At this point, we will be looking for apersistent upward shift in the Market Action Index as a leadindicator for a trough in prices.

    The market has been cooling off a bit in recent weeks, as morehomes are available and demand is less. We're already seeing prices

    move lower as a result. Expect this trend to continue expecially ifthe index falls to the Buyer's zone. Watch for a persistent up-turn inMarket Action to signal prices rising again.

    Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.

    SCOTTSDALE, AZ 85258Kelli Grant RealtyGroup Market ReportExecutive Summary

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    1168

    2.0

    Monday March 12, 2012

    The median list price in SCOTTSDALE, AZ 85258 this week is$225,000.

    Investigate the market in quartwhere each quartile is 25% of hordered by price.

    Most expensive 25% of properties

    Upper-middle 25% of properties

    Lower-middle 25% of properties

    Least expensive 25% of properties

    Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet

    Kelli Grant Group | www.PhoenixHomeResource.com

    No change Strong upward trend Strong downward t

    Slight upward trend Slight downward tr

    + ==

    =

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

    Condos - Townhomes

    27.0

    Percent Relisted (reset DOM)

    1335

    2.0

    0 %

    Median Number of Bathrooms

    203

    Median List Price

    Average Days on Market (DOM)

    $ 172

    Percent Flip (price increased)

    Median House Size (sq ft)

    $ 225,000

    28 %

    2.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    n/a

    Percent of Properties with Price Decrease

    Buyer's Advantage

    +

    ttom/Fourth

    Lower/Third

    pper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Tren

    Price

    Price T

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff

    90-Day Rolling Average7-Day Rolling Average