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 of"November 26, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
APACHE JUNCTION, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Apache Junction and Gold Canyon, AZ
Median List Price
Median Lot Size
19.4
Percent Relisted (reset DOM)
1865
2.0
9 %
Median Number of Bathrooms
161
Inventory of Properties Listed
$ 119
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 189,900
23 %
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
9 12916
1782.0 12
2.0
13
132
3.0 124
146
18
9
0.25 - 0.50acre
22
$ 149,900
6
7
125
3.0
6,501 -8,000 sqft
72.0
1248 8,001 -10,000 sqft
124
$ 82,900
3.0
188
8,001 -10,000 sqft$ 259,450
3.0$ 548,500
13
3
1919
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday November 26, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
124
1570
2.0
The median list price in APACHEJUNCTION, AZ this week is $189,900.The 497 properties have been on themarket for an average of 161 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±+
== ≠≠
≠=
APACHEJUNCTION, AZ
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
497
$ 2,500,000
$ 30,000
$ 283,087
16
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Apache Junction, AZGold Canyon, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday November 26, 2012
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday November 26, 2012
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.
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 4 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday November 26, 2012
Market Action IndexThe APACHE JUNCTION market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.40. 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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday November 26, 2012
Days on MarketThe properties have been on the market for an average of 161 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
Page 6 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
20.9
Percent Relisted (reset DOM)
1346
2.0
17 %
Median Number of Bathrooms
117
Inventory of Properties Listed
$ 78
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 118,950
31 %
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
9 11967
1022.0 14
2.0
1
139
3.0 24
108
5
1
1.0 - 2.5acres
34
$ 96,750
2
2
24
2.0
8,001 -10,000 sqft
42.0
1078 0.25 - 0.50acre
24
$ 66,450
3.0
120
0.25 - 0.50acre$ 135,950
3.0$ 187,450
13
1
1364
Inventory has been tightening anddays-on-market decreasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.
Monday November 26, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
24
1358
2.0
The median list price in APACHEJUNCTION, AZ 85120 this week is$118,950. The 96 properties havebeen on the market for an average of117 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±+
== ≠≠
≠=
APACHEJUNCTION, AZ
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
96
$ 998,000
$ 30,000
$ 136,677
20
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday November 26, 2012
Median PricePrices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for apersistent downtrend in the Market Action Index into the Buyer's zone as a leading indicator of the price strength finally abating.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday November 26, 2012
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.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday November 26, 2012
Market Action IndexThe APACHE JUNCTION, 85120 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 20.93. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday November 26, 2012
Days on MarketThe properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in thepast 68 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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
20.9
Percent Relisted (reset DOM)
1778
2.0
13 %
Median Number of Bathrooms
157
Inventory of Properties Listed
$ 107
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 145,000
23 %
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
12 22194
1282.0 12
1.0
3
238
2.0 34
102
1
1
1.0 - 2.5acres
21
$ 124,850
1
1
34
2.0
6,501 -8,000 sqft
32.0
1276 0.50 - 1.0acre
34
$ 79,900
3.0
160
1.0 - 2.5acres$ 165,000
3.0$ 352,450
12
0
1786
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday November 26, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
34
1475
1.0
The median list price in APACHEJUNCTION, AZ 85119 this week is$145,000. The 136 properties havebeen on the market for an average of157 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±+
== ≠≠
≠=
APACHEJUNCTION, AZ 85119
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
136
$ 760,000
$ 54,900
$ 191,446
17
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday November 26, 2012
Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough 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 13 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday November 26, 2012
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.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday November 26, 2012
Market Action IndexThe APACHE JUNCTION, 85119 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 20.94. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday November 26, 2012
Days on MarketThe properties have been on the market for an average of 157 days. Half of the listings have come newly on the market in thepast 71 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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
15.8
Percent Relisted (reset DOM)
2076
2.0
5 %
Median Number of Bathrooms
175
Inventory of Properties Listed
$ 138
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 285,000
21 %
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 03410
1122.0 13
2.0
11
215
3.0 66
216
7
3
0.25 - 0.50acre
14
$ 245,000
5
5
66
3.0
6,501 -8,000 sqft
22.0
1372 6,501 -8,000 sqft
65
$ 123,700
3.0
159
8,001 -10,000 sqft$ 364,950
3.0$ 695,000
12
2
2292
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday November 26, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
65
1862
2.0
The median list price in APACHEJUNCTION, AZ 85118 this week is$285,000. The 262 properties havebeen on the market for an average of175 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±+
== ≠≠
≠=
APACHEJUNCTION, AZ 85118
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
262
$ 2,500,000
$ 44,900
$ 385,116
14
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Gold Canyon, AZ85118
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday November 26, 2012
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.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917Gold Canyon, AZ85118
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday November 26, 2012
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.
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 19 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917 Gold Canyon, AZ85118
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday November 26, 2012
Market Action IndexThe APACHE JUNCTION, 85118 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 15.84. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917 Gold Canyon, AZ85118
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday November 26, 2012
Days on MarketThe properties have been on the market for an average of 175 days. Half of the listings have come newly on the market in thepast 82 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 21
Single Family Homes in
Gold Canyon, AZ
85118
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
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