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Solutions Real Estate MARKET UPDATE SCOTTSDALE, AZ

· Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of January 16, 2012 Presented by Bruce Parham Solutions Real Estate www.uniqueazhomes.com bcparham@earthlink.net 602.418.4876

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


City Overview

Condos & Townhomes in

SCOTTSDALE, AZ

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ this week is $215,000. The 636 properties have been on the market for an average of 204 days.

$ 215,000

Average List Price

$ 305,693

=

$ 148

±+

Average Days on Market (DoM)

204

±+

Inventory of Properties Listed

636

Asking Price Per Square Foot

Most Expensive Listing

The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Trend

Median List Price

$ 2,499,000

Least Expensive Listing

$ 11,000

Average Age of Listing

22

Percent of Properties with Price Decrease

32 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

2%

Median House Size (sq ft)

1356

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Market Action Index

Buyer's Advantage

28.6

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 565,000

2008

2.0

2.0

6

159

11

6

264

Most expensive 25% of properties

Upper/Second

$ 300,000

1592

2.0

2.0

14

159

15

6

212

Upper-middle 25% of properties

Lower/Third

$ 159,900

1256

2.0

2.0

26

159

11

11

191

Lower-middle 25% of properties

Bottom/Fourth

$ 79,000

955

2.0

1.0

32

159

19

16

150

Least expensive 25% of properties

Page 2 of 56

Monday January 16, 2012


Condos & Townhomes in

City Overview

SCOTTSDALE, AZ

Median Price The market continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index as a leading indicator for how long this trend will last.

7-day Average

90-day Average

Quartile Prices shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 3 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

City Overview

SCOTTSDALE, AZ

Price per Square Foot on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

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

7-day Average

Page 4 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

City Overview

SCOTTSDALE, AZ

Market Action Index The SCOTTSDALE market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.62 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile The lower end of the market (Quartiles 3 and 4) are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. The high-end of the market is showing demand strength in the Seller's Market zone. Expect pricing conditions to be more favorable to buyers at the low end.

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 56

Monday January 16, 2012


Condos & Townhomes in

City Overview

SCOTTSDALE, AZ

Days on Market The properties have been on the market for an average of 204 days. Half of the listings have come newly on the market in the past 92 or so days.

7-day Average

90-day Average

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

First/Top

Page 6 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85254

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85254 this week is $244,900. The 53 properties have been on the market for an average of 246 days.

$ 244,900

Average List Price

$ 433,133 $ 177

Asking Price Per Square Foot

= ±+

Average Days on Market (DoM)

246

Inventory of Properties Listed

53

Most Expensive Listing

Inventory is tightening and days-onmarket is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Trend

Median List Price

$ 1,799,000

Least Expensive Listing

$ 69,900

Average Age of Listing

15

Percent of Properties with Price Decrease

21 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

9%

Median House Size (sq ft)

1212

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Market Action Index

Buyer's Advantage

26.2

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 995,000

2090

2.0

2.0

4

13

0

0

310

Most expensive 25% of properties

Upper/Second

$ 399,000

1911

2.0

2.0

12

13

1

0

233

Upper-middle 25% of properties

Lower/Third

$ 120,000

1056

2.0

2.0

24

13

1

0

384

Lower-middle 25% of properties

Bottom/Fourth

$ 79,500

779

1.0

1.0

26

14

2

2

72

Page 7 of 56

Monday January 16, 2012

Least expensive 25% of properties


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

Median Price The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 8 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

Price per Square Foot on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

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

7-day Average

Page 9 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

Market Action Index The SCOTTSDALE, 85254 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 26.20 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 10 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85254

Days on Market The properties have been on the market for an average of 246 days. Half of the listings have come newly on the market in the past 120 or so days.

7-day Average

90-day Average

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

First/Top

Page 11 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85266

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85266 this week is $392,500. The 6 properties have been on the market for an average of 326 days.

$ 392,500

Average List Price

$ 402,900

=

$ 211

=

Average Days on Market (DoM)

326

=

Inventory of Properties Listed

6

Asking Price Per Square Foot

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

Trend

Median List Price

Most Expensive Listing

$ 475,000

Least Expensive Listing

$ 349,000

Average Age of Listing

9

Percent of Properties with Price Decrease

50 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

0%

Median House Size (sq ft)

1856

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

±+

Altos Research Value Statistics

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Market Action Index

Strong Buyer's

18.4

=

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 475,000

2182

3.0

2.0

12

1

1

0 1050

Most expensive 25% of properties

Upper/Second

$ 448,400

1808

2.0

2.0

10

1

0

0

491

Upper-middle 25% of properties

Lower/Third

$ 392,500

1856

2.0

2.0

6

2

0

0

84

Lower-middle 25% of properties

Bottom/Fourth

$ 354,500

1795

2.5

2.0

9

2

0

1

124

Page 12 of 56

Monday January 16, 2012

Least expensive 25% of properties


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

Median Price The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 13 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

Price per Square Foot an imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.

7-day Average

Page 14 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

Market Action Index The SCOTTSDALE, 85266 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.42. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 15 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85266

Days on Market The properties have been on the market for an average of 326 days. Half of the listings have come newly on the market in the past 141 or so days.

7-day Average

90-day Average

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

First/Top

Page 16 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85255

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85255 this week is $334,500. The 64 properties have been on the market for an average of 184 days.

$ 334,500

Average List Price

$ 376,375 $ 194

Asking Price Per Square Foot Average Days on Market (DoM)

184

Inventory of Properties Listed

64

Most Expensive Listing

The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.

Trend

Median List Price

±+ ≠ ±+

$ 1,595,000

Least Expensive Listing

$ 11,000

Average Age of Listing

9

Percent of Properties with Price Decrease

38 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

2%

Median House Size (sq ft)

1720

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

In a Buyer's market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.

Market Action Index

Buyer's Advantage

28.3

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 572,000

2638

3.0

3.0

10

16

1

1

197

Most expensive 25% of properties

Upper/Second

$ 389,450

1810

2.0

2.0

4

16

1

0

194

Upper-middle 25% of properties

Lower/Third

$ 297,650

1350

2.0

2.0

10

16

3

0

219

Lower-middle 25% of properties

Bottom/Fourth

$ 160,708

1280

2.0

2.0

12

16

4

1

128

Least expensive 25% of properties

Page 17 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

Median Price Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutera trough in prices.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 18 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

Price per Square Foot he market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.

7-day Average

Page 19 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

Market Action Index The SCOTTSDALE, 85255 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.26 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 20 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85255

Days on Market The properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in the past 110 or so days.

7-day Average

90-day Average

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

First/Top

Page 21 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85262

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85262 this week is $377,450. The 24 properties have been on the market for an average of 231 days.

$ 377,450

Average List Price

$ 443,292 $ 191

Asking Price Per Square Foot

The Market Action Index has been basically flat recently, and days-onmarket decreasing, there are not strong signals for the direction of the market.

Trend

Median List Price

Average Days on Market (DoM)

231

Inventory of Properties Listed

24

Most Expensive Listing

$ 895,000

Least Expensive Listing

$ 150,000

Average Age of Listing

±+ ≠ ±+

10

Percent of Properties with Price Decrease

38 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

0%

Median House Size (sq ft)

2402

Median Number of Bedrooms

3.0

Median Number of Bathrooms

3.0

Supply and Demand

±+

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

16.4

±+

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 724,950

3014

3.0

3.0

9

6

1

0

352

Most expensive 25% of properties

Upper/Second

$ 434,500

2324

2.0

2.5

14

6

0

0

108

Upper-middle 25% of properties

Lower/Third

$ 362,450

2176

2.0

2.0

10

6

0

0

245

Lower-middle 25% of properties

Bottom/Fourth

$ 287,000

2190

3.0

2.5

6

6

0

0

218

Least expensive 25% of properties

Page 22 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

Median Price ex before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 23 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

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

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks.

7-day Average

Page 24 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

Market Action Index The SCOTTSDALE, 85262 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.37. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 25 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85262

Days on Market The properties have been on the market for an average of 231 days. Half of the listings have come newly on the market in the past 138 or so days.

7-day Average

90-day Average

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

First/Top

Page 26 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85251

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85251 this week is $254,500. The 162 properties have been on the market for an average of 194 days.

$ 254,500

Average List Price

$ 384,141 $ 145

Asking Price Per Square Foot

= ≠

Average Days on Market (DoM)

194

±+

Inventory of Properties Listed

162

Most Expensive Listing

The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Trend

Median List Price

$ 2,499,000

Least Expensive Listing

$ 19,000

Average Age of Listing

23

Percent of Properties with Price Decrease

30 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

2%

Median House Size (sq ft)

1332

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have recently resumed upward pressure.

Market Action Index

Seller's Advantage

30.5

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 797,000

1871

2.0

2.0

5

40

3

0

357

Most expensive 25% of properties

Upper/Second

$ 429,000

1312

2.0

2.0

4

40

3

5

164

Upper-middle 25% of properties

Lower/Third

$ 141,000

1406

2.0

2.0

41

41

3

4

158

Lower-middle 25% of properties

Bottom/Fourth

$ 65,000

955

2.0

2.0

38

41

6

6

100

Least expensive 25% of properties

Page 27 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

Median Price Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we may be seeing the start of a good price stretch here. We'll look at the Market Action Index later in the report to gauge the leading indicators.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 28 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first e attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.

7-day Average

90-day Average

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

7-day Average

Page 29 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

Market Action Index The SCOTTSDALE, 85251 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.49 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 30 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85251

Days on Market The properties have been on the market for an average of 194 days. Half of the listings have come newly on the market in the past 92 or so days.

7-day Average

90-day Average

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

First/Top

Page 31 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85260

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85260 this week is $167,950. The 79 properties have been on the market for an average of 206 days.

$ 167,950

Average List Price

$ 185,205

±+

$ 131

Average Days on Market (DoM)

206

Inventory of Properties Listed

79

=

Asking Price Per Square Foot

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

Trend

Median List Price

Most Expensive Listing

$ 350,000

Least Expensive Listing

$ 59,900

Average Age of Listing

16

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

3%

Median House Size (sq ft)

1298

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

27.6

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 285,000

1674

2.0

2.0

9

19

4

0

384

Most expensive 25% of properties

Upper/Second

$ 194,950

1494

2.0

2.0

14

20

1

0

123

Upper-middle 25% of properties

Lower/Third

$ 151,000

1176

2.0

2.0

18

20

3

3

151

Lower-middle 25% of properties

Bottom/Fourth

$ 118,944

1029

2.0

2.0

19

20

3

0

174

Least expensive 25% of properties

Page 32 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

Median Price ex before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 33 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.

7-day Average

90-day Average

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

7-day Average

Page 34 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

Market Action Index The SCOTTSDALE, 85260 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.57 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 35 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85260

Days on Market The properties have been on the market for an average of 206 days. Half of the listings have come newly on the market in the past 85 or so days.

7-day Average

90-day Average

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

First/Top

Page 36 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85258

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85258 this week is $245,000. The 139 properties have been on the market for an average of 223 days.

$ 245,000

Average List Price

$ 290,862

$ 178

±+

Average Days on Market (DoM)

223

±+

Inventory of Properties Listed

139

Asking Price Per Square Foot

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

Trend

Median List Price

Most Expensive Listing

$ 899,000

Least Expensive Listing

$ 65,000

Average Age of Listing

26

Percent of Properties with Price Decrease

36 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

0%

Median House Size (sq ft)

1356

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

In a Buyer's market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.

Market Action Index

Strong Buyer's

22.9

=

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 482,000

2047

2.0

2.2

21

34

0

2

238

Most expensive 25% of properties

Upper/Second

$ 324,900

1592

2.0

2.0

26

35

3

2

210

Upper-middle 25% of properties

Lower/Third

$ 187,500

1262

2.0

2.0

27

35

1

3

211

Lower-middle 25% of properties

Bottom/Fourth

$ 120,000

1063

2.0

2.0

28

35

3

1

233

Least expensive 25% of properties

Page 37 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

Median Price This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 38 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

Price per Square Foot he market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

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

7-day Average

Page 39 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

Market Action Index The SCOTTSDALE, 85258 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.87. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 40 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85258

Days on Market The properties have been on the market for an average of 223 days. Half of the listings have come newly on the market in the past 120 or so days.

7-day Average

90-day Average

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

First/Top

Page 41 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85259

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85259 this week is $169,596. The 8 properties have been on the market for an average of 349 days.

$ 169,596

Average List Price

$ 181,249

$ 106

Average Days on Market (DoM)

349

=

Inventory of Properties Listed

8

Asking Price Per Square Foot

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

Trend

Median List Price

Most Expensive Listing

$ 349,000

Least Expensive Listing

$ 63,900

Average Age of Listing

11

Percent of Properties with Price Decrease

25 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

0%

Median House Size (sq ft)

1231

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

In a Buyer's market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.

Market Action Index

Buyer's Advantage

30.0

=

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM Most expensive 25% of properties

Top/First

$ 332,000

1401

2.0

2.0

6

2

0

0

42

Upper/Second

$ 219,596

1304

2.5

2.0

10

2

0

0

886

Upper-middle 25% of properties

Lower/Third

$ 108,950

1025

2.0

1.5

13

2

0

1

270

Lower-middle 25% of properties

Bottom/Fourth

$ 64,450

731

1.0

1.0

16

2

0

0

200

Least expensive 25% of properties

Page 42 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

Median Price This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 43 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

Price per Square Foot The market's light downward trends are shared across both price and value. People are recently placing less value on homes as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

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

7-day Average

Page 44 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

Market Action Index The SCOTTSDALE, 85259 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.97 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 3 (the low-middle price group) is showing stronger demand than the others, a Seller's market.

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 45 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85259

Days on Market The properties have been on the market for an average of 349 days. Half of the listings have come newly on the market in the past 228 or so days.

7-day Average

90-day Average

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

First/Top

Page 46 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85250

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85250 this week is $171,000. The 60 properties have been on the market for an average of 156 days.

$ 171,000

Average List Price

$ 210,757

=

$ 120

=

Average Days on Market (DoM)

156

=

Inventory of Properties Listed

60

Asking Price Per Square Foot

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Trend

Median List Price

Most Expensive Listing

$ 759,000

Least Expensive Listing

$ 57,000

Average Age of Listing

33

Percent of Properties with Price Decrease

35 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

2%

Median House Size (sq ft)

1578

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Supply and Demand

Altos Research Value Statistics

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have recently resumed upward pressure.

Market Action Index

Seller's Advantage

30.5

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 348,000

2054

3.0

2.5

31

15

1

0

136

Most expensive 25% of properties

Upper/Second

$ 199,900

1652

3.0

2.0

39

15

1

0

110

Upper-middle 25% of properties

Lower/Third

$ 144,242

1324

3.0

2.0

38

15

1

1

180

Lower-middle 25% of properties

Bottom/Fourth

$ 100,000

962

2.0

2.0

32

15

3

3

198

Least expensive 25% of properties

Page 47 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

Median Price The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 48 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

Price per Square Foot an imply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investment opportunity in the area.

7-day Average

90-day Average

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

7-day Average

Page 49 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

Market Action Index The SCOTTSDALE, 85250 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.54 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers seem to be placing emphasis on the premium homes.

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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 50 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85250

Days on Market The properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in the past 71 or so days.

7-day Average

90-day Average

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

First/Top

Page 51 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Neighborhood Detail

Condos & Townhomes in

SCOTTSDALE, AZ 85257

This Week

Real-Time Market Profile

The median list price in SCOTTSDALE, AZ 85257 this week is $49,900. The 41 properties have been on the market for an average of 167 days.

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Trend

Median List Price

$ 49,900

Average List Price

$ 71,535

±+

Asking Price Per Square Foot

$ 49

Average Days on Market (DoM)

167

=

Inventory of Properties Listed

41

Most Expensive Listing

$ 230,000

Least Expensive Listing

$ 25,900

Average Age of Listing

39

Percent of Properties with Price Decrease

22 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

943

Median Number of Bedrooms

2.0

Median Number of Bathrooms

1.0

Supply and Demand

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Buyer's Advantage

27.8

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

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Beds

Baths

Age Inventory

New

Absorbed

DOM

Top/First

$ 132,200

1464

3.0

2.0

38

10

1

1

162

Most expensive 25% of properties

Upper/Second

$ 66,250

950

2.0

2.0

30

10

0

1

136

Upper-middle 25% of properties

Lower/Third

$ 46,125

950

2.0

1.0

40

10

0

2

182

Lower-middle 25% of properties

Bottom/Fourth

$ 29,000

720

1.0

1.0

50

11

1

0

188

Least expensive 25% of properties

Page 52 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

Median Price ex before we see prices move from these levels.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code 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

Page 53 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.

7-day Average

90-day Average

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

7-day Average

Page 54 of 56

90-day Average

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail

SCOTTSDALE, AZ 85257

Market Action Index The SCOTTSDALE, 85257 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.79 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 55 of 56

Monday January 16, 2012


Condos & Townhomes in

Neighborhood Detail Bruce Parham-bcparham@earthlink.net-602.418.4876-www.uniqueazhomes.com

SCOTTSDALE, AZ 85257

.

Days on Market The properties have been on the market for an average of 167 days. Half of the listings have come newly on the market in the past 113 or so days.

7-day Average

90-day Average

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

First/Top

Page 56 of 56

Second/Upper

Third/Lower

Monday January 16, 2012

Fourth/Bottom


Scottsdale Condo Market Update  

* Current Market conditions for Condo's & Townhouses * Trends in Pricing * Current Levels of Supply & Demand * Value Metrics

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