7/30/2019 Kelli Grant Exec Summary [Sf]_az_scottsdale

1/1

10 135216

1343.0 16

3.0

20

183

4.0 454

102

12

29

1.0 - 2.5acres

31

$ 529,000

70

9

454

5.0

0.25 - 0.50acre

163.0

18256,501 -

8,000 sqft

454

$ 299,000

4.0

259

0.50 - 1.0acre$ 838,765

4.0$ 1,950,000

15

46

3518

Despite this week's down tic, price trends have generally bemoving up lately. Prices are below the market's high point, so watch the Market Action Index as an indicator of how lontrend will last.

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.

With inventory and days-on-market basically unchanged and theMarket Action Index decreasing, the market is not sending strongdirectional signal for the near-term outlook.

SCOTTSDALE, AZKelli Grant RealtyGroup Market ReportExecutive Summary

454

2678

2.0

Monday December 31, 2012

The median list price in SCOTTSDALE, AZ this week is $667,000.

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 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

18.9

Percent Relisted (reset DOM)

3053

3.0

5 %

Median Number of Bathrooms

169

Median List Price

Average Days on Market (DOM)

$ 220

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 667,000

30 %

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

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+

+

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