Scottsdale, Az Market Trends and Updates 1-16-2012
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Transcript of Scottsdale, Az Market Trends and Updates 1-16-2012
MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJanuary 16, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
SCOTTSDALE, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Median List Price
Median Lot Size
19.2
Percent Relisted (reset DOM)
3188
3.0
10 %
Median Number of Bathrooms
249
Inventory of Properties Listed
$ 201
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 625,000
39 %
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
≠
=
=
=
≠
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
9 75500
1713.0 16
3.0
52
320
4.0 509
122
30
39
2.5 - 5.0acres
32
$ 475,000
61
20
509
5.0
20+ acres
173.0
1938 2.5 - 5.0acres
509
$ 259,900
4.0
383
2.5 - 5.0acres$ 799,900
4.0$ 1,900,000
15
52
3676
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
508
2724
2.0
The median list price in SCOTTSDALE,AZ this week is $625,000. The 2035properties have been on the marketfor an average of 249 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
2035
$ 24,500,000
$ 45,900
$ 1,009,530
19
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewSCOTTSDALE, AZ
Monday January 16, 2012
Median PriceThis week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend.The Market Action Index is a good leading indicator for the durability of this trend.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewSCOTTSDALE, AZ
Monday January 16, 2012
Price per Square FootThe price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This canimply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investmentopportunity in the area.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 4 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewSCOTTSDALE, AZ
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.17. 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 groupchanges.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 5 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewSCOTTSDALE, AZ
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 249 days. Half of the listings have come newly on the market in thepast 113 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 56
Single Family Homes in
Median List Price
Median Lot Size
22.2
Percent Relisted (reset DOM)
2328
2.0
7 %
Median Number of Bathrooms
136
Inventory of Properties Listed
$ 137
Percent Flip (price increased)
5.0 - 10 acres
Median House Size (sq ft)
$ 332,000
42 %
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
≠
=
±+
=
±+
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
24 23201
942.0 29
3.0
10
138
4.0 51
110
6
6
10 - 20 acres
33
$ 289,900
2
5
51
3.0
2.5 - 5.0acres
42.0
1817 not available
51
$ 212,000
4.0
201
not available$ 375,000
4.0$ 499,500
26
8
2364
Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
51
2257
2.0
The median list price in SCOTTSDALE,AZ 85254 this week is $332,000. The204 properties have been on themarket for an average of 136 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85254
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
204
$ 1,790,000
$ 130,000
$ 375,890
28
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday January 16, 2012
Median PricePrices is this zip code this week saw relatively little change from last week. However the market appears to be trying toestablish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 9 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85254 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 22.21. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 10 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 136 days. Half of the listings have come newly on the market in thepast 85 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 56
Single Family Homes in
Median List Price
Median Lot Size
16.8
Percent Relisted (reset DOM)
3425
3.0
12 %
Median Number of Bathrooms
281
Inventory of Properties Listed
$ 218
Percent Flip (price increased)
5.0 - 10 acres
Median House Size (sq ft)
$ 681,750
35 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
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
7 05010
2223.0 15
3.0
4
401
3.0 45
153
1
3
not available
16
$ 555,000
2
0
45
5.0
not available
33.5
2234 not available
44
$ 398,900
4.0
351
5.0 - 10acres$ 819,950
4.0$ 1,772,500
12
6
3875
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 January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
44
2824
2.0
The median list price in SCOTTSDALE,AZ 85266 this week is $681,750. The178 properties have been on themarket for an average of 281 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85266
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
178
$ 5,295,000
$ 169,000
$ 943,891
13
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 12 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday January 16, 2012
Median PriceDespite this week's down tic, price trends in this zip code have been moving up in the last few weeks. We are below themarket's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become adownward trend.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 14 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85266 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.82. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 15 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 281 days. Half of the listings have come newly on the market in thepast 124 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 56
Single Family Homes in
Median List Price
Median Lot Size
16.0
Percent Relisted (reset DOM)
3910
3.0
19 %
Median Number of Bathrooms
362
Inventory of Properties Listed
$ 246
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 897,000
43 %
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
≠
=
=
=
≠
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
6 06186
2753.0 14
3.0
3
469
3.0 121
200
5
9
10 - 20 acres
14
$ 725,000
16
5
122
6.0
2.5 - 5.0acres
34.0
2540 not available
121
$ 430,100
4.0
504
1.0 - 2.5acres$ 1,249,988
5.0$ 2,695,000
11
12
4448
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
121
3375
2.0
The median list price in SCOTTSDALE,AZ 85255 this week is $897,000. The485 properties have been on themarket for an average of 362 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85255
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
485
$ 24,500,000
$ 176,400
$ 1,473,833
13
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 17 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday January 16, 2012
Median PricePrices is this zip code this week saw relatively little change from last week. However the market appears to be trying toestablish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday January 16, 2012
Price per Square FootThe price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This canimply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investmentopportunity in the area.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 19 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85255 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.00. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 20 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 362 days. Half of the listings have come newly on the market in thepast 162 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 21 of 56
Single Family Homes in
Median List Price
Median Lot Size
16.6
Percent Relisted (reset DOM)
4012
4.0
3 %
Median Number of Bathrooms
293
Inventory of Properties Listed
$ 279
Percent Flip (price increased)
5.0 - 10 acres
Median House Size (sq ft)
$ 1,092,500
28 %
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
±+
=
±+
≠
≠
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
9 16116
3023.0 12
3.0
3
307
3.0 102
182
5
2
not available
12
$ 825,000
15
5
102
5.5
5.0 - 10acres
24.0
2826 10 - 20 acres
102
$ 479,450
4.0
382
5.0 - 10acres$ 1,362,500
4.0$ 2,750,000
11
4
4526
The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
102
3555
3.0
The median list price in SCOTTSDALE,AZ 85262 this week is $1,092,500. The408 properties have been on themarket for an average of 293 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85262
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
408
$ 11,700,000
$ 240,000
$ 1,533,806
11
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 22 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday January 16, 2012
Median PricePrices is this zip code this week saw relatively little change from last week. However the market appears to be trying toestablish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 23 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 24 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85262 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.55. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 25 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 293 days. Half of the listings have come newly on the market in thepast 162 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 26 of 56
Single Family Homes in
Median List Price
Median Lot Size
23.3
Percent Relisted (reset DOM)
1880
2.0
16 %
Median Number of Bathrooms
134
Inventory of Properties Listed
$ 118
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 219,000
52 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠
±+
≠
=
=
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
26 13980
1392.0 52
2.5
2
122
3.0 17
107
1
5
1.0 - 2.5acres
52
$ 175,000
2
0
18
4.0
not available
32.0
1346 not available
17
$ 109,950
3.0
169
not available$ 324,000
4.0$ 1,150,000
50
4
2018
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 January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
17
1786
2.0
The median list price in SCOTTSDALE,AZ 85251 this week is $219,000. The69 properties have been on themarket for an average of 134 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85251
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
69
$ 2,695,000
$ 57,900
$ 486,644
41
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 27 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday January 16, 2012
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 28 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday January 16, 2012
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 can see more home for their money.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 29 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85251 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 23.26 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 30 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 134 days. Half of the listings have come newly on the market in thepast 92 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 31 of 56
Single Family Homes in
Median List Price
Median Lot Size
21.8
Percent Relisted (reset DOM)
2658
3.0
6 %
Median Number of Bathrooms
148
Inventory of Properties Listed
$ 161
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 405,000
36 %
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
≠
≠
≠
±+
±+
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
18 14280
1112.0 21
3.0
7
124
4.0 40
151
4
2
not available
22
$ 354,850
7
3
40
4.0
not available
43.0
1955 not available
40
$ 250,000
4.0
206
not available$ 525,000
5.0$ 870,250
26
3
3116
Inventory has been tightening butdays-on-market and the Market ActionIndex have been basically unchanged,not providing strong indication formarket conditions.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
40
2190
2.0
The median list price in SCOTTSDALE,AZ 85260 this week is $405,000. The160 properties have been on themarket for an average of 148 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85260
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
160
$ 2,800,000
$ 159,000
$ 557,101
23
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 32 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday January 16, 2012
Median PriceAgain this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for atrough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 33 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday January 16, 2012
Price per Square FootThe market's light downward trends are shared across both price and value. People are recently placing less value on homes(you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index asa precursor to price and value changes, possibly as inflection points for good investment opportunities.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 34 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85260 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.81. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 35 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 148 days. Half of the listings have come newly on the market in thepast 85 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 36 of 56
Single Family Homes in
Median List Price
Median Lot Size
15.7
Percent Relisted (reset DOM)
2452
2.0
12 %
Median Number of Bathrooms
226
Inventory of Properties Listed
$ 191
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 467,000
47 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
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
20 13541
1242.0 32
3.0
6
320
3.0 51
100
4
6
1.0 - 2.5acres
32
$ 399,000
4
3
51
3.0
not available
13.0
1920 not available
50
$ 299,900
3.5
365
not available$ 559,000
4.0$ 867,450
27
4
2720
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 January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
50
2212
2.0
The median list price in SCOTTSDALE,AZ 85258 this week is $467,000. The202 properties have been on themarket for an average of 226 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85258
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
202
$ 3,149,000
$ 169,000
$ 591,140
27
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 37 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday January 16, 2012
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 38 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday January 16, 2012
Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 39 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85258 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 15.67. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 40 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 226 days. Half of the listings have come newly on the market in thepast 92 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 41 of 56
Single Family Homes in
Median List Price
Median Lot Size
19.4
Percent Relisted (reset DOM)
4024
4.0
2 %
Median Number of Bathrooms
200
Inventory of Properties Listed
$ 194
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 730,000
39 %
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
≠
±+
=
≠
≠
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
8 26146
1733.0 16
3.0
1
259
4.0 45
116
3
2
20+ acres
18
$ 625,000
5
3
45
6.2
0.50 - 1.0acre
14.5
2363 not available
45
$ 399,900
5.0
254
not available$ 880,000
5.0$ 1,849,500
15
1
4329
Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
44
3587
2.0
The median list price in SCOTTSDALE,AZ 85259 this week is $730,000. The179 properties have been on themarket for an average of 200 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85259
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
179
$ 7,995,000
$ 165,000
$ 1,028,356
15
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 42 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday January 16, 2012
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 43 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday January 16, 2012
Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 44 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85259 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.42. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 45 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 200 days. Half of the listings have come newly on the market in thepast 99 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 46 of 56
Single Family Homes in
Median List Price
Median Lot Size
21.5
Percent Relisted (reset DOM)
2242
2.0
10 %
Median Number of Bathrooms
164
Inventory of Properties Listed
$ 137
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 289,500
38 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
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
19 13353
1172.0 38
3.0
2
222
3.0 17
92
2
1
not available
42
$ 250,000
4
3
17
4.0
not available
02.0
1595 not available
17
$ 184,900
3.0
225
not available$ 325,000
3.0$ 699,000
32
1
2242
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 January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
17
2105
2.0
The median list price in SCOTTSDALE,AZ 85250 this week is $289,500. The68 properties have been on themarket for an average of 164 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85250
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
68
$ 1,800,000
$ 139,000
$ 399,918
33
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 47 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday January 16, 2012
Median PricePrices is this zip code this week saw relatively little change from last week. However the market appears to be trying toestablish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 48 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 49 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85250 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.46. 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, 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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 50 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 164 days. Half of the listings have come newly on the market in thepast 88 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 51 of 56
Single Family Homes in
Median List Price
Median Lot Size
23.8
Percent Relisted (reset DOM)
1572
2.0
5 %
Median Number of Bathrooms
98
Inventory of Properties Listed
$ 102
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 166,750
44 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠
=
±+
≠
≠
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
51 02132
1362.0 52
3.0
2
93
3.0 21
77
4
3
not available
51
$ 154,900
1
3
21
2.0
not available
22.0
1319 not available
20
$ 100,177
3.0
84
not available$ 184,950
3.0$ 344,950
53
1
1654
Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
20
1552
2.0
The median list price in SCOTTSDALE,AZ 85257 this week is $166,750. The82 properties have been on themarket for an average of 98 days.
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.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85257
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
82
$ 565,000
$ 45,900
$ 191,499
48
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 52 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday January 16, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
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David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
90-day Average7-day Average
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.
90-day Average7-day Average
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David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday January 16, 2012
Market Action IndexThe SCOTTSDALE, 85257 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 23.77 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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.
Page 55 of 56
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 98 days. Half of the listings have come newly on the market in thepast 78 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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