Solutions Real Estate MARKET UPDATE MESA, 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 16, 2012
· Presented by David Dion Solutions Real Estate www.SolutionsRealEstate.com - dave@solutionsrealestate.com 480-332-5942
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
City Overview
Single Family Homes in
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ this week is $139,950. The 1438 properties have been on the market for an average of 148 days.
Trend
Median List Price
$ 139,950
Average List Price
$ 200,896
Asking Price Per Square Foot
$ 80
±+
Average Days on Market (DoM)
148
=
Inventory of Properties Listed
1438
≠
Most Expensive Listing
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.
$ 4,600,000
Least Expensive Listing
$ 16,000
Average Age of Listing
23
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
12 %
Median House Size (sq ft)
1714
Median Lot Size
Supply and Demand
±+
2.5 - 5.0 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
Buyer's Advantage
24.3
≠
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. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 334,900
3164
2.5 - 5.0 acres
4.0
3.0
11
359
35
28
230
Most expensive 25% of properties
Upper/Second
$ 169,900
1995
2.5 - 5.0 acres
3.0
2.0
18
359
53
34
117
Upper-middle 25% of properties
Lower/Third
$ 115,000
1512 not available
3.0
2.0
27
360
57
45
122
Lower-middle 25% of properties
Bottom/Fourth
$ 70,000
5.0 - 10 acres
3.0
2.0
33
360
49
41
124
Least expensive 25% of properties
Page 2 of 71
1248
Monday January 16, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 Prices 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 3 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 4 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA 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 24.27 so buyers should expect to find reasonable levels of selection.
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 71
Monday January 16, 2012
Single Family Homes in
City Overview
MESA, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 6 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85205 this week is $116,500. The 136 properties have been on the market for an average of 207 days.
$ 116,500
Average List Price
$ 196,771 $ 75
±+
Average Days on Market (DoM)
207
=
Inventory of Properties Listed
136
±+
$ 1,090,000
Least Expensive Listing
$ 35,000
Average Age of Listing
29
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
12 %
Median House Size (sq ft)
1606
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
Most Expensive Listing
The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs 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
Buyer's Advantage
25.6
≠
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 357,900
3534 not available
5.0
3.0
18
34
3
2
341
Most expensive 25% of properties
Upper/Second
$ 147,450
2023 not available
4.0
2.0
26
34
5
3
108
Upper-middle 25% of properties
Lower/Third
$ 103,450
1424 not available
3.0
2.0
27
34
6
5
132
Lower-middle 25% of properties
Bottom/Fourth
$ 74,950
1160 not available
2.0
2.0
41
34
5
4
248
Least expensive 25% of properties
Page 7 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 9 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85205 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 25.56 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 10 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85205
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 207 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 11 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85207 this week is $274,379. The 224 properties have been on the market for an average of 207 days.
Trend
Median List Price
$ 274,379
Average List Price
$ 364,793 $ 109
=
Average Days on Market (DoM)
207
=
Inventory of Properties Listed
224
±+
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.
$ 4,600,000
Least Expensive Listing
$ 25,000
Average Age of Listing
13
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
2369
Median Lot Size
Supply and Demand
±+
2.5 - 5.0 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
22.3
±+
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 572,500
4047
1.0 - 2.5 acres
4.0
4.0
8
56
10
3
283
Most expensive 25% of properties
Upper/Second
$ 333,300
2732 10 - 20 acres
4.0
3.0
11
56
2
3
224
Upper-middle 25% of properties
Lower/Third
$ 220,000
2116 not available
3.0
2.0
11
56
10
4
172
Lower-middle 25% of properties
Bottom/Fourth
$ 105,000
1440 not available
3.0
2.0
14
56
13
4
147
Least expensive 25% of properties
Page 12 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 13 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85207 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.33. 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 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 15 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85207
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 207 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 16 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85215 this week is $149,900. The 97 properties have been on the market for an average of 234 days.
$ 149,900
Average List Price
$ 205,388 $ 100
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.
±+ ±+
Average Days on Market (DoM)
234
=
Inventory of Properties Listed
97
≠
Most Expensive Listing
$ 999,000
Least Expensive Listing
$ 60,000
Average Age of Listing
21
Percent of Properties with Price Decrease
59 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
37 %
Median House Size (sq ft)
1430
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
2.0
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
16.7
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 374,950
3232 not available
4.0
3.0
16
24
2
3
525
Most expensive 25% of properties
Upper/Second
$ 210,500
1718 not available
3.0
2.0
17
24
3
4
217
Upper-middle 25% of properties
Lower/Third
$ 114,500
1320 not available
2.0
2.0
20
24
0
0
117
Lower-middle 25% of properties
Bottom/Fourth
$ 75,000
800 not available
2.0
1.5
26
25
0
0
84
Page 17 of 71
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index 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 18 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 19 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85215 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 16.73. 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 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85215
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 234 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 21 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85206 this week is $139,900. The 139 properties have been on the market for an average of 144 days.
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.
$ 139,900
Average List Price
$ 151,500
≠
Asking Price Per Square Foot
$ 87
±+
Average Days on Market (DoM)
144
=
Inventory of Properties Listed
139
±+
Most Expensive Listing
$ 950,000
Least Expensive Listing
$ 34,900
Average Age of Listing
26
Percent of Properties with Price Decrease
45 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
16 %
Median House Size (sq ft)
1582
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
2.0
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
20.2
±+
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 194,900
1885 not available
3.0
2.0
26
34
4
4
123
Most expensive 25% of properties
Upper/Second
$ 155,000
1704 not available
2.0
2.0
29
35
2
0
143
Upper-middle 25% of properties
Lower/Third
$ 124,900
1484 not available
2.0
2.0
33
35
6
5
168
Lower-middle 25% of properties
Bottom/Fourth
$ 95,000
1264 not available
2.0
2.0
27
35
1
1
141
Least expensive 25% of properties
Page 22 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutehigh 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 23 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the 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 24 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85206 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.22. 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 25 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85206
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 144 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 26 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85208 this week is $99,850. The 184 properties have been on the market for an average of 104 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.
$ 99,850
Average List Price
$ 103,398
±+
Asking Price Per Square Foot
$ 68
=
Average Days on Market (DoM)
104
=
Inventory of Properties Listed
184
≠
Most Expensive Listing
$ 395,000
Least Expensive Listing
$ 24,900
Average Age of Listing
26
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
10 %
Median House Size (sq ft)
1374
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
2.0
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
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 153,750
1643 not available
2.0
2.0
26
46
4
2
118
Most expensive 25% of properties
Upper/Second
$ 119,900
1460 not available
3.0
2.0
26
46
11
6
130
Upper-middle 25% of properties
Lower/Third
$ 84,900
1345 not available
3.0
2.0
20
46
3
5
103
Lower-middle 25% of properties
Bottom/Fourth
$ 44,950
1168 not available
2.0
2.0
34
46
5
4
67
Page 27 of 71
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index 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 28 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85208 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 26.21 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 30 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85208
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 104 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 31 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85209 this week is $175,900. The 155 properties have been on the market for an average of 88 days.
$ 175,900
Average List Price
$ 182,779 ≠
Average Days on Market (DoM)
88
=
Inventory of Properties Listed
155
≠
Most Expensive Listing
$ 414,900
Least Expensive Listing
$ 22,770
Average Age of Listing
14
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
1769
Median Lot Size
Supply and Demand
≠
$ 88
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
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
22.7
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 272,200
2129 not available
3.0
2.0
11
38
3
2
99
Most expensive 25% of properties
Upper/Second
$ 208,900
1888 not available
3.0
2.0
13
39
7
7
93
Upper-middle 25% of properties
Lower/Third
$ 151,000
1691 not available
3.0
2.0
15
39
8
8
78
Lower-middle 25% of properties
Bottom/Fourth
$ 99,000
1414 not available
3.0
2.0
12
39
6
7
81
Least expensive 25% of properties
Page 32 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 (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 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 34 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85209 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.66. 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 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85209
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 88 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 36 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85210 this week is $97,250. The 48 properties have been on the market for an average of 120 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.
$ 97,250
Average List Price
$ 100,898
±+
Asking Price Per Square Foot
$ 68
=
Average Days on Market (DoM)
120
=
Inventory of Properties Listed
48
≠
Most Expensive Listing
$ 275,000
Least Expensive Listing
$ 26,900
Average Age of Listing
45
Percent of Properties with Price Decrease
19 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
12 %
Median House Size (sq ft)
1454
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
Median Number of Bedrooms
3.0
Median Number of Bathrooms
2.0
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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Action Index
Seller's Advantage
35.7
≠
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 161,450
1906 not available
4.0
2.0
32
12
2
2
76
Upper/Second
$ 112,000
1467 not available
3.0
2.0
35
12
1
1
121
Upper-middle 25% of properties
Lower/Third
$ 76,000
1341 not available
3.0
2.0
45
12
2
4
197
Lower-middle 25% of properties
Bottom/Fourth
$ 41,500
1041 not available
3.0
1.0
57
12
2
2
85
Page 37 of 71
Monday January 16, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index 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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85210 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 35.73 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 Seller's Market zone with relatively low amounts of inventory given the current levels of demand. Quartile 3 (the lower-middle price group) however, is showing weaker demand than the others.
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 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85210
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 120 days. Half of the listings have come newly on the market in the past 82 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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85201 this week is $75,800. The 52 properties have been on the market for an average of 102 days.
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
$ 75,800
Average List Price
$ 106,484
Asking Price Per Square Foot
$ 55
±+
Average Days on Market (DoM)
102
=
Inventory of Properties Listed
52
≠
Most Expensive Listing
$ 495,000
Least Expensive Listing
$ 25,000
Average Age of Listing
38
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1396
Median Lot Size
Supply and Demand
±+
5.0 - 10 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
Buyer's Advantage
26.1
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 150,100
2389 not available
4.0
2.0
26
13
0
1
121
Most expensive 25% of properties
Upper/Second
$ 89,000
1445 not available
3.0
2.0
41
13
5
2
100
Upper-middle 25% of properties
Lower/Third
$ 69,000
1360
5.0 - 10 acres
3.0
2.0
43
13
3
1
114
Lower-middle 25% of properties
Bottom/Fourth
$ 46,900
1150 not available
2.5
1.5
55
13
2
2
73
Page 42 of 71
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 43 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 44 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85201 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 26.14 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 45 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85201
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 102 days. Half of the listings have come newly on the market in the past 78 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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85212 this week is $180,000. The 113 properties have been on the market for an average of 108 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
$ 180,000
Average List Price
$ 186,642
=
Asking Price Per Square Foot
$ 77
±+
Average Days on Market (DoM)
108
≠
Inventory of Properties Listed
113
≠
Most Expensive Listing
$ 435,000
Least Expensive Listing
$ 49,900
Average Age of Listing
8
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
13 %
Median House Size (sq ft)
2234
Median Lot Size
Supply and Demand
Trend
Median List Price
not available
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
Buyer's Advantage
25.2
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 258,900
3148 not available
4.0
3.0
4
28
4
2
101
Most expensive 25% of properties
Upper/Second
$ 199,800
2475 not available
4.0
3.0
6
28
7
4
142
Upper-middle 25% of properties
Lower/Third
$ 153,900
2234 not available
4.0
2.0
10
28
4
2
93
Lower-middle 25% of properties
Bottom/Fourth
$ 120,000
1536 not available
3.0
2.0
11
29
2
5
96
Least expensive 25% of properties
Page 47 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot In a market where prices are rising mildly, 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 49 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85212 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 25.23 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 50 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85212
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 108 days. Half of the listings have come newly on the market in the past 78 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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85202 this week is $128,800. The 51 properties have been on the market for an average of 128 days.
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
$ 128,800
Average List Price
$ 134,958
Asking Price Per Square Foot
$ 73
±+
Average Days on Market (DoM)
128
=
Inventory of Properties Listed
51
Most Expensive Listing
$ 249,900
Least Expensive Listing
$ 24,900
Average Age of Listing
±+
36
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
8%
Median House Size (sq ft)
1771
Median Lot Size
Supply and Demand
≠
2.5 - 5.0 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
Buyer's Advantage
27.1
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 197,500
2380 not available
4.0
3.0
34
12
3
1
151
Most expensive 25% of properties
Upper/Second
$ 145,000
1854
2.5 - 5.0 acres
3.0
2.0
34
13
1
2
190
Upper-middle 25% of properties
Lower/Third
$ 120,000
1647 not available
3.0
2.0
35
13
3
3
97
Lower-middle 25% of properties
Bottom/Fourth
$ 85,000
1368 not available
3.0
2.0
36
13
3
1
76
Least expensive 25% of properties
Page 52 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolutehigh 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 53 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the 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 54 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85202 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 27.14 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 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 55 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85202
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 128 days. Half of the listings have come newly on the market in the past 78 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 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85213 this week is $285,000. The 76 properties have been on the market for an average of 157 days.
Trend
Median List Price
$ 285,000
Average List Price
$ 411,663
Asking Price Per Square Foot
$ 93
=
Average Days on Market (DoM)
157
=
Inventory of Properties Listed
76
≠
Most Expensive Listing
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.
$ 2,800,000
Least Expensive Listing
$ 54,900
Average Age of Listing
23
Percent of Properties with Price Decrease
43 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
2952
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
22.2
≠
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 665,000
5924
1.0 - 2.5 acres
5.0
5.5
10
19
2
1
273
Most expensive 25% of properties
Upper/Second
$ 399,000
3664 not available
5.0
3.0
13
19
3
3
155
Upper-middle 25% of properties
Lower/Third
$ 194,500
2578 not available
4.0
3.0
25
19
1
2
91
Lower-middle 25% of properties
Bottom/Fourth
$ 113,900
1552 not available
3.0
2.0
33
19
4
2
110
Page 57 of 71
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 58 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This can 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 59 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85213 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.21. 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 60 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85213
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 157 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 61 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85203 this week is $119,950. The 74 properties have been on the market for an average of 147 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.
$ 119,950
Average List Price
$ 172,718
±+
Asking Price Per Square Foot
$ 69
=
Average Days on Market (DoM)
147
=
Inventory of Properties Listed
74
≠
Most Expensive Listing
$ 800,000
Least Expensive Listing
$ 16,000
Average Age of Listing
35
Percent of Properties with Price Decrease
34 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
1854
Median Lot Size
Supply and Demand
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
24.6
≠
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 334,450
3526 not available
4.5
3.0
32
18
0
1
161
Most expensive 25% of properties
Upper/Second
$ 149,750
2034 not available
4.0
2.0
30
18
2
1
120
Upper-middle 25% of properties
Lower/Third
$ 107,900
1579 not available
3.0
2.0
35
19
2
2
205
Lower-middle 25% of properties
Bottom/Fourth
$ 65,000
1433 not available
3.0
2.0
42
19
3
1
101
Least expensive 25% of properties
Page 62 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 63 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 64 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85203 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 24.57 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 65 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85203
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 147 days. Half of the listings have come newly on the market in the past 78 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 66 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in MESA, AZ 85204 this week is $90,000. The 89 properties have been on the market for an average of 119 days.
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.
$ 90,000
Average List Price
$ 108,489
=
Asking Price Per Square Foot
$ 62
=
Average Days on Market (DoM)
119
=
Inventory of Properties Listed
89
≠
Most Expensive Listing
$ 644,900
Least Expensive Listing
$ 23,000
Average Age of Listing
34
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
7%
Median House Size (sq ft)
1538
Median Lot Size
Supply and Demand
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
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:
±+
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 152,450
1763 not available
4.0
2.0
30
22
2
3
90
Upper/Second
$ 99,900
1510 not available
3.0
2.0
31
22
3
5
180
Upper-middle 25% of properties
Lower/Third
$ 82,200
1433 not available
3.0
2.0
32
22
4
3
118
Lower-middle 25% of properties
Bottom/Fourth
$ 57,000
1318 not available
3.0
2.0
40
23
5
3
91
Page 67 of 71
Monday January 16, 2012
Most expensive 25% of properties
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Despite this week's down tic, price trends in this zip code have been moving up in the last few weeks. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
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 68 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Price per Square Foot The price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This can 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 69 of 71
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The MESA, 85204 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 28.31 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 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 70 of 71
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
MESA, AZ 85204
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 119 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 71 of 71
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom