8/2/2019 05 07 12 Exec Summary [Sf] Az Phoenix 85085

1/1

6 03574

803.0 6

3.0

3

114

4.0 22

109

1

6

10 - 20 acres

8

$ 239,000

1

1

22

3.2

not available

43.0

1952 not available

22

$ 149,450

4.0

105

not available$ 310,843

4.0$ 429,450

6

2

2950

In this zip code this week saw relatively little price change flast week. However, we continue to demonstrate a nice up in general over the last several weeks.

In terms of supply and demand, the market is getting cooler - moresupply is coming on the market relative to the sales demand.

However, in recent weeks prices have been moving higher. Since it istechnically a Buyer's market, this price trend may be a result ofimproved quality (newer, larger homes) of the homes being listed.Look at the descriptive statistics where you may notice the homesbeing listed are larger and younger than they have been in the past.

Inventory has been decreasing lately but the Market Action Index isfalling also. With days-on-market climbing, these are relativelynegative implications for the market.

PHOENIX, AZ 85085Kelli Grant RealtyGroup Market ReportExecutive Summary

22

2876

2.0

Monday May 7, 2012

The median list price in PHOENIX, AZ 85085 this week is $279,450.

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 Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Kelli Grant Group | www.PhoenixHomeResource.com

No change Strong upward trend Strong downward t

Slight upward trend Slight downward tr

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Single Family Homes

Median Lot Size

22.9

Percent Relisted (reset DOM)

2879

3.0

9 %

Median Number of Bathrooms

102

Median List Price

Average Days on Market (DOM)

$ 91

Percent Flip (price increased)

10 - 20 acres

Median House Size (sq ft)

$ 279,450

25 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

==

+

==

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

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

7-Day Rolling Average 90-Day Rolling Average