5/10/2010 Combined Market Report

4 16571

1864.0 14

4.0

6

296

4.0 89

205

12

6

1.0 - 2.5acres

15

$ 559,000

10

4

90

6.0

0.50 - 1.0acre

74.5

3374 0.25 - 0.50acre

89

$ 425,000

5.0

354

0.50 - 1.0acre$ 750,000

5.0$ 1,450,000

9

3

4982

Prices in this zip code have been on a downward trend recentlyand this week, while essentially flat, doesn't break us out of thatcycle.

Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.

Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies someincreased demand will temper the negative trends.

SOUTHLAKE, TX 76092Tamara Keilberg'sExecutive Summary

89

4164

3.5

Monday May 10, 2010

The median list price in SOUTHLAKE, TX 76092 this week is$650,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered 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.

Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

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

Single Family Homes

Median Lot Size

13.6

Percent Relisted (reset DOM)

4427

4.0

2 %

Median Number of Bathrooms

260

Median List Price

Average Days on Market (DOM)$ 148

Percent Flip (price increased)

0.50 - 1.0 acreMedian House Size (sq ft)

$ 650,000

33 %

5.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %Percent of Properties with Price Decrease

Strong Buyer's

≠≠

≠≠

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

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

MARKET UPDATETamara Keilberg's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofMay 10, 2010

· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - [email protected]

SOUTHLAKE, TX

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

Median List Price

Median Lot Size

13.6


4427

4.0

2 %


260

Inventory of Properties Listed

$ 148


0.50 - 1.0 acre

Median House Size (sq ft)

$ 650,000

33 %

5.0

Market Action Index



7 %

Percent of Properties with Price Decrease

Strong Buyer's

==

≠≠

≠≠

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

4 16571

1864.0 14

4.0

6

296

4.0 89

205

12

6

1.0 - 2.5acres

15

$ 559,000

10

4

90

6.0

0.50 - 1.0acre

74.5

3374 0.25 - 0.50acre

89

$ 425,000

5.0

354

0.50 - 1.0acre$ 750,000

5.0$ 1,450,000

9

3

4982

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.

Monday May 10, 2010


89

4164

3.5

The median list price in SOUTHLAKE,TX this week is $650,000. The 357properties have been on the marketfor an average of 260 days.






No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

SOUTHLAKE, TXCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

357

$ 5,595,000

$ 130,550

$ 880,012

11

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

Page 2 of 6

Single Family Homes in


City OverviewSOUTHLAKE, TX

Monday May 10, 2010

Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

90-day Average7-day Average

Quartile PricesWhile prices at the lower end of the market has been in a down-trend lately, the upper half of the market has not. Quartile 1has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trendof the rest of the market.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6




Monday May 10, 2010

Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


Page 4 of 6




Monday May 10, 2010

Market Action IndexThe SOUTHLAKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.56. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

Page 5 of 6




Monday May 10, 2010

Days on MarketThe properties have been on the market for an average of 260 days. Half of the listings have come newly on the market in thepast 189 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 6


6 15988

2143.5 18

4.0

8

276

4.0 70

188

1

3

0.50 - 1.0acre

21

$ 482,500

7

5

71

5.5

0.25 - 0.50acre

04.5

3007 0.25 - 0.50acre

70

$ 349,990

4.0

343

0.50 - 1.0acre$ 695,000

5.0$ 1,074,500

10

7

4846

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

Home sales have been exceeding new inventory for several weeks.While still a Buyer's market, prices seem to have responded bymoving upward. If the demand trends continue, expect prices tokeep marching upward, especially once we see a Seller's Market.

Demand measured by the Market Action Index is increasing anddays-on-market is holding steady. With more properties comingavailable, conditions are mildly positive.

COLLEYVILLE, TX 76034Tamara Keilberg'sExecutive Summary

70

3858

3.0

Monday May 10, 2010

The median list price in COLLEYVILLE, TX 76034 this week is$575,000.










≠=


Single Family Homes

Median Lot Size

14.6


4156

4.0

3 %


255

Median List Price




$ 575,000

38 %

4.0

Market Action Index




Strong Buyer's

==

±+

±+

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









COLLEYVILLE, TX


Median List Price

Median Lot Size

14.6


4156

4.0

3 %


255


$ 135


0.50 - 1.0 acre


$ 575,000

38 %

4.0

Market Action Index



10 %


Strong Buyer's

==

==

±+

±+

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 15988

2143.5 18

4.0

8

276

4.0 70

188

1

3

0.50 - 1.0acre

21

$ 482,500

7

5

71

5.5

0.25 - 0.50acre

04.5

3007 0.25 - 0.50acre

70

$ 349,990

4.0

343

0.50 - 1.0acre$ 695,000

5.0$ 1,074,500

10

7

4846

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.

Monday May 10, 2010


70

3858

3.0

The median list price in COLLEYVILLE,TX this week is $575,000. The 281properties have been on the marketfor an average of 255 days.






No change



== ≠≠

≠=

COLLEYVILLE, TXCity Overview


Average List Price


281

$ 8,950,000

$ 159,900

$ 759,896

14

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

Page 2 of 6



City OverviewCOLLEYVILLE, TX

Monday May 10, 2010

Median PriceThis week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over thelast several weeks.


Quartile PricesMost of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market isstill on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-locationvariables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.


Page 3 of 6




Monday May 10, 2010

Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.




Page 4 of 6




Monday May 10, 2010

Market Action IndexThe COLLEYVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.62. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6




Monday May 10, 2010





Page 6 of 6


5 45680

2172.5 14

3.0

1

202

4.0 79

121

4

6

0.50 - 1.0acre

8

$ 287,000

7

1

80

5.5

0.25 - 0.50acre

04.0

1838 4,501 -6,500 sqft

79

$ 149,450

4.0

425

0.25 - 0.50acre$ 488,792

5.0$ 1,350,000

5

8

4109

Price trends in this zip code continued their recent uptrend thisweek. While still below the market's high point, we've seen anice run recently.

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.

ROANOKE, TX 76262 -Tamara Keilberg'sExecutive Summary

79

2907

2.0

Monday May 10, 2010

The median list price in ROANOKE, TX 76262 - Westlake this weekis $391,080.










≠=


Single Family Homes

Median Lot Size

15.4


3319

3.5

6 %


241

Median List Price




$ 391,080

36 %

4.0

Market Action Index




Strong Buyer's

==

==

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









ROANOKE, TX


Median List Price

Median Lot Size

15.4


3319

3.5

6 %


241


$ 113


0.25 - 0.50 acre


$ 391,080

36 %

4.0

Market Action Index



9 %


Strong Buyer's

≠≠

==

==

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 45680

2172.5 14

3.0

1

202

4.0 79

121

4

6

0.50 - 1.0acre

8

$ 287,000

7

1

80

5.5

0.25 - 0.50acre

04.0

1838 4,501 -6,500 sqft

79

$ 149,450

4.0

425

0.25 - 0.50acre$ 488,792

5.0$ 1,350,000

5

8

4109

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.

Monday May 10, 2010


79

2907

2.0

The median list price in ROANOKE, TXthis week is $391,080. The 317properties have been on the marketfor an average of 241 days.






No change



== ≠≠

≠=

ROANOKE, TXCity Overview


Average List Price


317

$ 9,000,000

$ 68,500

$ 699,445

11

Trend Key:

Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.

Page 2 of 6



City OverviewROANOKE, TX

Monday May 10, 2010

Median PricePrice trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice runrecently.


Quartile PricesPricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are up while Quartiles 3 and 1 arebasically flat in recent weeks. Watch for persistent shifts in the Market Action Index for a leading indicator of stronger pricemoves in the market as a whole.


Page 3 of 6




Monday May 10, 2010

Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 4 of 6




Monday May 10, 2010

Market Action IndexThe ROANOKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.36. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6




Monday May 10, 2010





Page 6 of 6


6 34228

2043.0 12

3.0

4

194

4.0 104

230

12

8

0.25 - 0.50acre

11

$ 266,500

15

9

104

4.0

8,001 -10,000 sqft

103.5

1921 6,501 -8,000 sqft

104

$ 157,470

4.0

209

0.25 - 0.50acre$ 349,450

4.0$ 522,445

9

6

3462

While this week the median price in this zip code didn't fluctuatemuch, we continue to sit at all time high prices. Watch forpersistent downward shift in the Market Action Index into theBuyer's zone as a leading indicator of the price strengthsubsiding.


Demand measured by the Market Action Index is increasing anddays-on-market is trending downward. Even as more propertiescome available, these are positive trends for the market.

KELLER, TX 76248Tamara Keilberg'sExecutive Summary

104

2946

2.0

Monday May 10, 2010

The median list price in KELLER, TX 76248 this week is $299,950.










≠=


Single Family Homes

Median Lot Size

16.1


3155

3.0

3 %


209

Median List Price




$ 299,950

42 %

4.0

Market Action Index




Strong Buyer's

==

==

≠≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





4 83366

652.0 5

3.0

11

75

3.0 162

73

8

4

8,001 -10,000 sqft

6

$ 160,775

18

9

162

3.0

4,501 -6,500 sqft

132.5

1860 4,501 -6,500 sqft

162

$ 139,000

4.0

90

6,501 -8,000 sqft$ 189,900

4.0$ 270,904

5

18

2581

Prices in this zip code have been on a downward trend recentlyand this week, while essentially flat, doesn't break us out of thatcycle.

The market has settled in at a relative stasis in inventory and salesconditions. It's a Buyer's market that has seen prices trend lower.Expect that consistent up trends in demand will be required beforeprice trends change significantly.

Inventory and days-on-market are climbing, while the MarketAction Index has been flat recently. The trends point to aweakening market.

KELLER, TX 76244Tamara Keilberg'sExecutive Summary

162

2166

2.0

Monday May 10, 2010

The median list price in KELLER, TX 76244 this week is $173,900.










≠=


Single Family Homes

Median Lot Size

17.2


2402

2.5

6 %


76

Median List Price



4,501 - 6,500 sqftMedian House Size (sq ft)

$ 173,900

42 %

4.0

Market Action Index




Strong Buyer's

≠≠

±+

==

±+

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









KELLER, TX


Median List Price

Median Lot Size

16.8


2638

2.5

5 %


129


$ 82


6,501 - 8,000 sqft


$ 201,713

42 %

4.0

Market Action Index



7 %


Strong Buyer's

==

≠≠

≠≠

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 153806

1012.5 5

3.0

19

131

4.0 266

98

14

15

0.25 - 0.50acre

6

$ 174,900

28

25

266

3.5

4,501 -6,500 sqft

173.0

1847 4,501 -6,500 sqft

266

$ 139,970

4.0

184

8,001 -10,000 sqft$ 249,900

4.0$ 389,900

6

23

2950


Monday May 10, 2010


266

2390

2.0

The median list price in KELLER, TXthis week is $201,713. The 1064properties have been on the marketfor an average of 129 days.






No change



== ≠≠

≠=

KELLER, TXCity Overview


Average List Price


1064

$ 2,000,000

$ 69,900

$ 251,408

8

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

Page 2 of 16



City OverviewKELLER, TX

Monday May 10, 2010



Quartile PricesPrices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see apersistent shift in the Market Action Index before we see prices across the board move from these levels.


Page 3 of 16




Monday May 10, 2010

Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.




Page 4 of 16




Monday May 10, 2010

Market Action IndexThe KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 16.81. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16




Monday May 10, 2010





Page 6 of 16


Median List Price

Median Lot Size

16.1


3155

3.0

3 %


209


$ 96


0.25 - 0.50 acre


$ 299,950

42 %

4.0

Market Action Index



8 %


Strong Buyer's

==

==

==

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 34228

2043.0 12

3.0

4

194

4.0 104

230

12

8

0.25 - 0.50acre

11

$ 266,500

15

9

104

4.0

8,001 -10,000 sqft

103.5

1921 6,501 -8,000 sqft

104

$ 157,470

4.0

209

0.25 - 0.50acre$ 349,450

4.0$ 522,445

9

6

3462

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.

Monday May 10, 2010


104

2946

2.0

The median list price in KELLER, TX76248 this week is $299,950. The 416properties have been on the marketfor an average of 209 days.






No change



== ≠≠

≠=

KELLER, TX 76248Neighborhood Detail


Average List Price


416

$ 2,000,000

$ 69,900

$ 339,187

12

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

Page 7 of 16



Neighborhood DetailKELLER, TX 76248

Monday May 10, 2010

Median PriceWhile this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch forpersistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.


Quartile PricesIn most of the quartile market segments, we see prices in this zip code showing strength. Only Quartile 4 is in a price decline.Typically this condition is temporary because price increases at the upper end of the market force buyers to consider thesegments still in their price range. Watch the Market Action Index to determine whether demand in Quartile 4 will begin toreverse the trend and push prices higher here too.


Page 8 of 16




Monday May 10, 2010





Page 9 of 16




Monday May 10, 2010

Market Action IndexThe KELLER, 76248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.08. With several months of inventory available at the current sales rate, buyers should find ample choice.


Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.





Page 10 of 16




Monday May 10, 2010





Page 11 of 16


Median List Price

Median Lot Size

17.2


2402

2.5

6 %


76


$ 77


4,501 - 6,500 sqft


$ 173,900

42 %

4.0

Market Action Index



6 %


Strong Buyer's

==

≠≠

±+

==

±+




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 83366

652.0 5

3.0

11

75

3.0 162

73

8

4

8,001 -10,000 sqft

6

$ 160,775

18

9

162

3.0

4,501 -6,500 sqft

132.5

1860 4,501 -6,500 sqft

162

$ 139,000

4.0

90

6,501 -8,000 sqft$ 189,900

4.0$ 270,904

5

18

2581

Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.

Monday May 10, 2010


162

2166

2.0

The median list price in KELLER, TX76244 this week is $173,900. The 648properties have been on the marketfor an average of 76 days.






No change



== ≠≠

≠=

KELLER, TX 76244Neighborhood Detail


Average List Price


648

$ 640,000

$ 109,500

$ 195,056

5

Trend Key:

Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.

Page 12 of 16




Monday May 10, 2010

Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 1 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


Page 13 of 16




Monday May 10, 2010

Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.




Page 14 of 16




Monday May 10, 2010

Market Action IndexThe KELLER, 76244 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.20. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16




Monday May 10, 2010





Page 16 of 16


5 03498

1352.0 40

3.0

3

145

3.0 34

139

2

4

0.25 - 0.50acre

51

$ 124,400

5

0

34

3.2

8,001 -10,000 sqft

42.5

1406 8,001 -10,000 sqft

34

$ 84,440

3.0

254

8,001 -10,000 sqft$ 223,990

4.0$ 339,250

8

6

2610

We continue to see prices in this zip code bouncing around thisplateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.

Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market prices are not yet moving higher asexcess inventory is consumed. However, the as supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.

Demand measured by the Market Action Index is increasing anddays-on-market is trending downward. Even as more propertiescome available, these are positive trends for the market.

NORTH RICHLAND HILLS,Tamara Keilberg'sExecutive Summary

34

1744

2.0

Monday May 10, 2010

The median list price in NORTH RICHLAND HILLS, TX 76180 thisweek is $149,998.










≠=


Single Family Homes

Median Lot Size

18.4


2086

2.0

4 %


168

Median List Price




$ 149,998

38 %

3.0

Market Action Index




Strong Buyer's

±+

≠≠

≠≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









NORTH RICHLANDHILLS, TX


Median List Price

Median Lot Size

18.1


2287

2.5

7 %


129


$ 88


8,001 - 10,000 sqft


$ 199,900

38 %

3.0

Market Action Index



10 %


Strong Buyer's

==

==

≠≠

±+

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 23867

1172.0 26

3.0

9

123

3.0 76

106

1

10

0.25 - 0.50acre

39

$ 149,998

7

3

76

3.5

8,001 -10,000 sqft

22.8

1440 8,001 -10,000 sqft

76

$ 97,500

4.0

169

8,001 -10,000 sqft$ 268,250

4.0$ 409,900

7

9

2814

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.

Monday May 10, 2010


75

1944

2.0

The median list price in NORTHRICHLAND HILLS, TX this week is$199,900. The 303 properties havebeen on the market for an average of129 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX

City Overview


Average List Price


303

$ 1,750,000

$ 47,500

$ 240,769

21

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 2 of 16



City OverviewNORTH RICHLAND

HILLS, TX

Monday May 10, 2010

Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.


Quartile PricesPricing trends have been lacking strong directional indication lately. Only Quartile 3 is trending higher. Look to the MarketAction Index for persistent changes (up or down) as a leading indicator for the significant price changes.


Page 3 of 16




HILLS, TX

Monday May 10, 2010

Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.




Page 4 of 16




HILLS, TX

Monday May 10, 2010

Market Action IndexThe NORTH RICHLAND HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 18.07. With several months of inventory available at the current sales rate, buyers should find amplechoice.







Page 5 of 16




HILLS, TX

Monday May 10, 2010





Page 6 of 16


Median List Price

Median Lot Size

17.5


2515

2.5

8 %


96


$ 93


8,001 - 10,000 sqft


$ 250,000

38 %

4.0

Market Action Index



13 %


Strong Buyer's

≠≠

==

==

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 04012

862.0 20

3.0

4

94

3.0 42

69

0

4

0.25 - 0.50acre

32

$ 179,700

3

3

42

3.5

8,001 -10,000 sqft

23.0

1478 8,001 -10,000 sqft

42

$ 107,125

4.0

137

0.25 - 0.50acre$ 311,950

4.0$ 449,900

9

3

2982

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday May 10, 2010


41

2070

2.0

The median list price in NORTHRICHLAND HILLS, TX 76182 this weekis $250,000. The 167 properties havebeen on the market for an average of96 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX 76182

Neighborhood Detail


Average List Price


167

$ 1,750,000

$ 69,995

$ 271,995

16

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 7 of 16



Neighborhood DetailNORTH RICHLAND

HILLS, TX 76182

Monday May 10, 2010

Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.


Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartile 4 isdown, Quartile 1 is essentially flat, while Quartiles 2 and 3 are up in recent weeks. Slack demand sometimes takes hold at eitherend of the market and converges on the center. Watch for persistent shifts in the Market Action Index for a leading indicator ofstronger price moves in the market as a whole.


Page 8 of 16




HILLS, TX 76182

Monday May 10, 2010





Page 9 of 16




HILLS, TX 76182

Monday May 10, 2010

Market Action IndexThe NORTH RICHLAND HILLS, 76182 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 17.49. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 10 of 16




HILLS, TX 76182

Monday May 10, 2010





Page 11 of 16


Median List Price

Median Lot Size

18.4


2086

2.0

4 %


168


$ 79


8,001 - 10,000 sqft


$ 149,998

38 %

3.0

Market Action Index



6 %


Strong Buyer's

==

±+

≠≠

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 03498

1352.0 40

3.0

3

145

3.0 34

139

2

4

0.25 - 0.50acre

51

$ 124,400

5

0

34

3.2

8,001 -10,000 sqft

42.5

1406 8,001 -10,000 sqft

34

$ 84,440

3.0

254

8,001 -10,000 sqft$ 223,990

4.0$ 339,250

8

6

2610

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.

Monday May 10, 2010


34

1744

2.0

The median list price in NORTHRICHLAND HILLS, TX 76180 this weekis $149,998. The 136 properties havebeen on the market for an average of168 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX 76180

Neighborhood Detail


Average List Price


136

$ 695,000

$ 47,500

$ 202,427

27

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

Page 12 of 16




HILLS, TX 76180

Monday May 10, 2010

Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.


Quartile PricesIn the quartile market segments, we see price conditions in this zip code have not shown strong directional trends lately.Quartile 3 has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resumethe trend of the rest of the market.


Page 13 of 16




HILLS, TX 76180

Monday May 10, 2010

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.




Page 14 of 16




HILLS, TX 76180

Monday May 10, 2010

Market Action IndexThe NORTH RICHLAND HILLS, 76180 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 18.44. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 15 of 16




HILLS, TX 76180

Monday May 10, 2010





Page 16 of 16


7 23314

1072.0 32

3.0

1

152

4.0 17

222

1

2

8,001 -10,000 sqft

40

$ 199,900

1

2

18

3.5

8,001 -10,000 sqft

32.5

1745 8,001 -10,000 sqft

17

$ 139,900

4.0

194

0.25 - 0.50acre$ 239,900

4.0$ 330,000

13

0

2484

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


Inventory has been lightening lately and the Market Action Indexhas been trending up. Though days-on-market is increasing, theseare mildly positive indications for the market.

HURST, TX 76054Tamara Keilberg'sExecutive Summary

17

2265

2.0

Monday May 10, 2010

The median list price in HURST, TX 76054 this week is $219,000.










≠=


Single Family Homes

Median Lot Size

19.2


2379

2.5

3 %


170

Median List Price




$ 219,000

43 %

3.0

Market Action Index




Strong Buyer's

==

≠≠

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









HURST, TX


Median List Price

Median Lot Size

19.9


1949

2.0

3 %


149


$ 83


8,001 - 10,000 sqft


$ 149,900

44 %

3.0

Market Action Index



7 %


Strong Buyer's

==

≠≠

==

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


10 62697

1422.0 44

3.0

2

154

3.0 44

128

3

3

8,001 -10,000 sqft

51

$ 132,400

3

4

45

2.5

8,001 -10,000 sqft

22.0

1320 8,001 -10,000 sqft

44

$ 99,900

3.5

174

8,001 -10,000 sqft$ 174,950

4.0$ 264,900

22

8

2129


Monday May 10, 2010


44

1652

2.0

The median list price in HURST, TXthis week is $149,900. The 177properties have been on the marketfor an average of 149 days.






No change



== ≠≠

≠=

HURST, TXCity Overview


Average List Price


177

$ 636,000

$ 48,000

$ 173,404

31

Trend Key:


Page 2 of 16



City OverviewHURST, TX

Monday May 10, 2010



Quartile PricesPrices have generally settled at a plateau, although Quartile 2 has been trending a bit downward in recent weeks. We'll need tosee a persistent shift in the Market Action Index before we see prices across the board move from these levels.


Page 3 of 16




Monday May 10, 2010

Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.




Page 4 of 16




Monday May 10, 2010

Market Action IndexThe HURST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 19.91. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16




Monday May 10, 2010





Page 6 of 16


Median List Price

Median Lot Size

19.2


2379

2.5

3 %


170


$ 90


8,001 - 10,000 sqft


$ 219,000

43 %

3.0

Market Action Index



4 %


Strong Buyer's

≠≠

==

≠≠

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 23314

1072.0 32

3.0

1

152

4.0 17

222

1

2

8,001 -10,000 sqft

40

$ 199,900

1

2

18

3.5

8,001 -10,000 sqft

32.5

1745 8,001 -10,000 sqft

17

$ 139,900

4.0

194

0.25 - 0.50acre$ 239,900

4.0$ 330,000

13

0

2484

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday May 10, 2010


17

2265

2.0

The median list price in HURST, TX76054 this week is $219,000. The 69properties have been on the marketfor an average of 170 days.






No change



== ≠≠

≠=

HURST, TX 76054Neighborhood Detail


Average List Price


69

$ 636,000

$ 112,900

$ 234,137

24

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

Page 7 of 16



Neighborhood DetailHURST, TX 76054

Monday May 10, 2010

Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


Page 8 of 16




Monday May 10, 2010

Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.




Page 9 of 16




Monday May 10, 2010

Market Action IndexThe HURST, 76054 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.19. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 10 of 16




Monday May 10, 2010





Page 11 of 16


Median List Price

Median Lot Size

19.7


1702

2.0

4 %


136


$ 76


8,001 - 10,000 sqft


$ 120,000

44 %

3.0

Market Action Index



8 %


Strong Buyer's

==

±+

±+

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 12487

1022.0 48

3.0

2

146

3.0 27

148

0

2

6,501 -8,000 sqft

52

$ 114,900

3

2

27

2.0

8,001 -10,000 sqft

22.0

1242 8,001 -10,000 sqft

27

$ 81,000

3.0

150

6,501 -8,000 sqft$ 142,000

4.0$ 198,900

10

7

1828


Monday May 10, 2010


27

1504

1.5

The median list price in HURST, TX76053 this week is $120,000. The 108properties have been on the marketfor an average of 136 days.






No change



== ≠≠

≠=

HURST, TX 76053Neighborhood Detail


Average List Price


108

$ 295,000

$ 48,000

$ 134,602

35

Trend Key:


Page 12 of 16




Monday May 10, 2010

Median PriceIn the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from these levels.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 1, 2, and 1 have beenin price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


Page 13 of 16




Monday May 10, 2010

Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.




Page 14 of 16




Monday May 10, 2010

Market Action IndexThe HURST, 76053 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.68. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16




Monday May 10, 2010





Page 16 of 16


5/10/2010 Combined Market Report

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Transcript of 5/10/2010 Combined Market Report