Solutions Real Estate MARKET UPDATE SCOTTSDALE, AZ
· 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 January 30, 2012
Presented By Bruce Parham GRI, CDPE
Solutions Real Estate www.uniqueazhomes.com 602.418.4876 bcparham@earthlink.net
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
City Overview
Single Family Homes in
SCOTTSDALE, AZ
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ this week is $625,000. The 2103 properties have been on the market for an average of 246 days.
Trend
Median List Price
$ 625,000
Average List Price
$ 1,005,759 $ 200
±+
Average Days on Market (DoM)
246
==
Inventory of Properties Listed
2103
±+
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 24,500,000
Least Expensive Listing
$ 50,000
Average Age of Listing
19
Percent of Properties with Price Decrease
39 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
10 %
Median House Size (sq ft)
3186
Median Lot Size
Supply and Demand
±+
2.5 - 5.0 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
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
18.6
==
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
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 1,895,000
5491
1.0 - 2.5 acres
4.0
5.0
9
525
28
13
378
Most expensive 25% of properties
Upper/Second
$ 799,850
3672
5.0 - 10 acres
4.0
3.0
15
526
39
30
311
Upper-middle 25% of properties
Lower/Third
$ 475,000
2746
20+ acres
4.0
3.0
17
526
44
33
172
Lower-middle 25% of properties
Bottom/Fourth
$ 269,880
1953
2.5 - 5.0 acres
3.0
2.0
32
526
46
54
124
Least expensive 25% of properties
Page 2 of 56
Monday January 30, 2012
Single Family Homes in
City Overview
SCOTTSDALE, AZ
Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 30, 2012
Fourth/Bottom
Single Family Homes in
City Overview
SCOTTSDALE, AZ
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 4 of 56
90-day Average
Monday January 30, 2012
Single Family Homes in
City Overview
SCOTTSDALE, AZ
Market Action Index The SCOTTSDALE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.56. 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 given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.
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 30, 2012
Single Family Homes in
City Overview
SCOTTSDALE, AZ
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 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 6 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85254
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85254 this week is $349,000. The 203 properties have been on the market for an average of 134 days.
$ 349,000
Average List Price
$ 373,011 ±+
Average Days on Market (DoM)
134
==
Inventory of Properties Listed
203
≠≠
Most Expensive Listing
$ 1,495,000
Least Expensive Listing
$ 130,000
Average Age of Listing
28
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
Median House Size (sq ft)
2333
Median Lot Size
Supply and Demand
==
$ 138
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
10 - 20 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
2.0
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
21.5
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 499,700
3274 10 - 20 acres
4.0
3.0
24
50
9
3
177
Most expensive 25% of properties
Upper/Second
$ 382,000
2410 not available
4.0
2.0
24
51
1
3
144
Upper-middle 25% of properties
Lower/Third
$ 300,000
2257
2.5 - 5.0 acres
4.0
2.0
32
51
3
8
108
Lower-middle 25% of properties
Bottom/Fourth
$ 219,000
1916 not available
3.0
2.0
33
51
2
8
107
Least expensive 25% of properties
Page 7 of 56
Monday January 30, 2012
Single Family Homes 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 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85254
Price per Square Foot In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85254
Market Action Index The SCOTTSDALE, 85254 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.45. 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 10 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85254
Days on Market The properties have been on the market for an average of 134 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 11 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85266
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85266 this week is $689,000. The 193 properties have been on the market for an average of 283 days.
Trend
Median List Price
$ 689,000
Average List Price
$ 935,705 $ 214
≠≠
Average Days on Market (DoM)
283
≠≠
Inventory of Properties Listed
193
==
Asking Price Per Square Foot
Most Expensive Listing
With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
$ 5,295,000
Least Expensive Listing
$ 159,000
Average Age of Listing
13
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
10 %
Median House Size (sq ft)
3400
Median Lot Size
Supply and Demand
==
5.0 - 10 acres
Median Number of Bedrooms
3.0
Median Number of Bathrooms
3.0
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
16.2
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
5020 not available
4.0
5.0
7
48
2
0
375
Most expensive 25% of properties
Top/First
$ 1,750,000
Upper/Second
$ 807,500
3875
5.0 - 10 acres
4.0
4.0
13
48
5
1
359
Upper-middle 25% of properties
Lower/Third
$ 555,000
2812 not available
3.0
3.0
16
48
5
1
241
Lower-middle 25% of properties
Bottom/Fourth
$ 398,900
2035 not available
3.0
2.0
16
49
8
3
158
Least expensive 25% of properties
Page 12 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85266
Median Price In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85266
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 . Often this can be 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 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 14 of 56
90-day Average
Monday January 30, 2012
Single Family Homes 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 16.22. 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85266
Days on Market The properties have been on the market for an average of 283 days. Half of the listings have come newly on the market in the past 127 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85255
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85255 this week is $945,000. The 505 properties have been on the market for an average of 359 days.
Trend
Median List Price
$ 945,000
Average List Price
$ 1,476,862 $ 249
==
Average Days on Market (DoM)
359
==
Inventory of Properties Listed
505
±+
Asking Price Per Square Foot
Most Expensive Listing
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.
$ 24,500,000
Least Expensive Listing
$ 199,900
Average Age of Listing
13
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
20 %
Median House Size (sq ft)
3896
Median Lot Size
Supply and Demand
==
1.0 - 2.5 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
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
15.6
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 2,695,000
6123
1.0 - 2.5 acres
4.5
6.0
6
126
6
2
494
Most expensive 25% of properties
Upper/Second
$ 1,260,750
4536
1.0 - 2.5 acres
4.0
4.0
11
126
9
3
474
Upper-middle 25% of properties
Lower/Third
$ 740,354
3420
2.5 - 5.0 acres
3.0
3.0
14
126
7
10
276
Lower-middle 25% of properties
Bottom/Fourth
$ 445,000
2563 not available
3.5
2.5
14
127
8
10
193
Least expensive 25% of properties
Page 17 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85255
Median Price Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85255
Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85255
Market Action Index The SCOTTSDALE, 85255 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.59. 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 20 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85255
Days on Market The properties have been on the market for an average of 359 days. Half of the listings have come newly on the market in the past 169 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85262
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85262 this week is $1,099,974. The 410 properties have been on the market for an average of 292 days.
Trend
Median List Price
$ 1,099,974
Average List Price
$ 1,550,925 $ 281
±+
Average Days on Market (DoM)
292
≠≠
Inventory of Properties Listed
410
==
Asking Price Per Square Foot
Most Expensive Listing
Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.
$ 11,700,000
Least Expensive Listing
$ 179,999
Average Age of Listing
11
Percent of Properties with Price Decrease
27 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
3%
Median House Size (sq ft)
4018
Median Lot Size
Supply and Demand
±+
5.0 - 10 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
4.0
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
16.1
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 2,772,500
6159 not available
4.0
6.0
9
102
5
0
370
Most expensive 25% of properties
Upper/Second
$ 1,395,000
4668
5.0 - 10 acres
4.0
4.0
11
102
7
5
310
Upper-middle 25% of properties
Lower/Third
$ 859,000
3558
5.0 - 10 acres
3.0
3.0
12
103
8
4
320
Lower-middle 25% of properties
Bottom/Fourth
$ 475,000
2836 10 - 20 acres
3.0
3.0
12
103
5
8
171
Least expensive 25% of properties
Page 22 of 56
Monday January 30, 2012
Single Family Homes 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 30, 2012
Fourth/Bottom
Single Family Homes 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 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 24 of 56
90-day Average
Monday January 30, 2012
Single Family Homes 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 16.15. 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85262
Days on Market The properties have been on the market for an average of 292 days. Half of the listings have come newly on the market in the past 155 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85251
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85251 this week is $232,000. The 76 properties have been on the market for an average of 129 days.
Trend
Median List Price
$ 232,000
Average List Price
$ 533,442 $ 130
==
Average Days on Market (DoM)
129
==
Inventory of Properties Listed
76
±+
Asking Price Per Square Foot
Most Expensive Listing
Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.
$ 4,000,000
Least Expensive Listing
$ 65,000
Average Age of Listing
41
Percent of Properties with Price Decrease
51 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
13 %
Median House Size (sq ft)
1918
Median Lot Size
Supply and Demand
==
1.0 - 2.5 acres
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
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
22.1
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Baths
Age Inventory New
Absorbed
DOM
1.0 - 2.5 acres
4.0
4.0
30
19
3
2
134
Most expensive 25% of properties
Top/First
$ 1,199,000
Upper/Second
$ 334,900
1980 not available
3.0
2.0
48
19
2
0
122
Upper-middle 25% of properties
Lower/Third
$ 189,000
1786 not available
3.0
2.0
52
19
2
2
138
Lower-middle 25% of properties
Bottom/Fourth
$ 130,000
1260 not available
3.0
2.0
51
19
1
2
121
Least expensive 25% of properties
Page 27 of 56
3980
Beds
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85251
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 28 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85251
Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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 29 of 56
90-day Average
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85251
Market Action Index The SCOTTSDALE, 85251 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.09. 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 30 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85251
Days on Market The properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in the past 106 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85260
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85260 this week is $399,900. The 169 properties have been on the market for an average of 148 days.
$ 399,900
Average List Price
$ 537,912 ≠≠
Average Days on Market (DoM)
148
==
Inventory of Properties Listed
169
==
Most Expensive Listing
$ 2,195,000
Least Expensive Listing
$ 159,000
Average Age of Listing
23
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
2658
Median Lot Size
Supply and Demand
≠≠
$ 164
Asking Price Per Square Foot
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Trend
Median List Price
not available
Median Number of Bedrooms
4.0
Median Number of Bathrooms
3.0
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
21.2
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 875,000
4290 not available
5.0
4.0
18
42
3
1
202
Most expensive 25% of properties
Upper/Second
$ 525,000
3114 not available
4.0
3.0
26
42
1
3
123
Upper-middle 25% of properties
Lower/Third
$ 359,950
2190 not available
4.0
2.0
21
42
5
4
101
Lower-middle 25% of properties
Bottom/Fourth
$ 250,000
1904 not available
3.0
2.0
22
43
5
3
166
Least expensive 25% of properties
Page 32 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85260
Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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 a 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 33 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85260
Price per Square Foot The market's 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 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 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85260
Market Action Index The SCOTTSDALE, 85260 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.17. 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 35 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85260
Days on Market The properties have been on the market for an average of 148 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85258
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85258 this week is $450,000. The 207 properties have been on the market for an average of 225 days.
$ 450,000
Average List Price
$ 578,178 ±+
Average Days on Market (DoM)
225
==
Inventory of Properties Listed
207
±+
Most Expensive Listing
$ 3,149,000
Least Expensive Listing
$ 169,000
Average Age of Listing
28
Percent of Properties with Price Decrease
48 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
14 %
Median House Size (sq ft)
2456
Median Lot Size
Supply and Demand
±+
$ 189
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
not available
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
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
15.5
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 869,900
3534 not available
4.0
3.0
21
51
1
3
398
Most expensive 25% of properties
Upper/Second
$ 549,000
2772 not available
4.0
3.0
29
52
4
3
267
Upper-middle 25% of properties
Lower/Third
$ 395,000
2171 not available
3.0
2.0
32
52
4
3
125
Lower-middle 25% of properties
Bottom/Fourth
$ 299,450
1931 not available
3.0
2.0
32
52
6
6
110
Least expensive 25% of properties
Page 37 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85258
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 38 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85258
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 39 of 56
90-day Average
Monday January 30, 2012
Single Family Homes 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 15.45. 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85258
Days on Market The properties have been on the market for an average of 225 days. Half of the listings have come newly on the market in the past 106 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85259
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85259 this week is $719,900. The 185 properties have been on the market for an average of 185 days.
Trend
Median List Price
$ 719,900
Average List Price
$ 979,022 $ 190
±+
Average Days on Market (DoM)
185
±+
Inventory of Properties Listed
185
±+
Asking Price Per Square Foot
Most Expensive Listing
With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.
$ 7,995,000
Least Expensive Listing
$ 149,900
Average Age of Listing
15
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
2%
Median House Size (sq ft)
3965
Median Lot Size
Supply and Demand
±+
5.0 - 10 acres
Median Number of Bedrooms
4.0
Median Number of Bathrooms
4.0
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
18.7
==
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Beds
Baths
Age Inventory New
Absorbed
DOM
20+ acres
5.0
6.0
10
46
1
1
183
Most expensive 25% of properties
Top/First
$ 1,660,000
Upper/Second
$ 872,000
4263 not available
4.5
4.0
15
46
3
6
200
Upper-middle 25% of properties
Lower/Third
$ 622,450
3579
5.0 - 10 acres
4.0
3.0
16
46
2
4
199
Lower-middle 25% of properties
Bottom/Fourth
$ 394,999
2346 not available
3.0
2.0
18
47
5
2
157
Least expensive 25% of properties
Page 42 of 56
6084
Lot Size
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85259
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 43 of 56
Second/Upper
Third/Lower
Monday January 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85259
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 44 of 56
90-day Average
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85259
Market Action Index The SCOTTSDALE, 85259 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.70. 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 45 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85259
Days on Market The properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in the past 106 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85250
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85250 this week is $293,000. The 73 properties have been on the market for an average of 145 days.
$ 293,000
Average List Price
$ 396,591 ==
Average Days on Market (DoM)
145
±+
Inventory of Properties Listed
73
==
Most Expensive Listing
$ 1,800,000
Least Expensive Listing
$ 139,000
Average Age of Listing
33
Percent of Properties with Price Decrease
40 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
2306
Median Lot Size
Supply and Demand
==
$ 146
Asking Price Per Square Foot
The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.
Trend
Median List Price
not available
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
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
20.8
≠≠
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 652,450
3147 not available
3.0
3.0
19
18
2
1
179
Most expensive 25% of properties
Upper/Second
$ 341,500
2515 not available
3.0
2.0
33
18
3
2
193
Upper-middle 25% of properties
Lower/Third
$ 269,250
2030 not available
3.0
2.0
36
18
3
0
113
Lower-middle 25% of properties
Bottom/Fourth
$ 218,000
1670 not available
3.0
2.0
39
19
0
2
100
Least expensive 25% of properties
Page 47 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85250
Median Price In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85250
Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
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 49 of 56
90-day Average
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85250
Market Action Index The SCOTTSDALE, 85250 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.81. 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 50 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85250
Days on Market The properties have been on the market for an average of 145 days. Half of the listings have come newly on the market in the past 77 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 30, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
SCOTTSDALE, AZ 85257
This Week
Real-Time Market Profile
The median list price in SCOTTSDALE, AZ 85257 this week is $162,075. The 82 properties have been on the market for an average of 103 days.
$ 162,075
Average List Price
$ 193,937 ±+
Average Days on Market (DoM)
103
==
Inventory of Properties Listed
82
≠≠
Most Expensive Listing
$ 565,000
Least Expensive Listing
$ 50,000
Average Age of Listing
49
Percent of Properties with Price Decrease
51 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
4%
Median House Size (sq ft)
1555
Median Lot Size
Supply and Demand
±+
$ 103
Asking Price Per Square Foot
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Trend
Median List Price
not available
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
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
23.2
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 359,500
2140 not available
3.5
2.0
52
20
0
0
95
Most expensive 25% of properties
Upper/Second
$ 184,500
1659 not available
3.0
2.0
52
20
3
3
83
Upper-middle 25% of properties
Lower/Third
$ 150,000
1538 not available
3.0
2.0
53
21
3
2
106
Lower-middle 25% of properties
Bottom/Fourth
$ 109,990
1269 not available
3.0
2.0
52
21
5
6
128
Least expensive 25% of properties
Page 52 of 56
Monday January 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85257
Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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 30, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85257
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 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 30, 2012
Single Family Homes 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 23.21 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 30, 2012
Single Family Homes in
Neighborhood Detail
SCOTTSDALE, AZ 85257
BRUCE PARHAM-WWW.UNIQUEAZHOMES.COM-602.418.4876
Days on Market The properties have been on the market for an average of 103 days. Half of the listings have come newly on the market in the past 81 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 30, 2012
Fourth/Bottom