Solutions Real Estate MARKET UPDATE TEMPE, 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
TEMPE, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in TEMPE, AZ this week is $165,000. The 281 properties have been on the market for an average of 145 days.
$ 165,000
Average List Price
$ 267,405 $ 96
±+
Average Days on Market (DoM)
145
=
Inventory of Properties Listed
281
≠
$ 6,850,000
Least Expensive Listing
$ 19,000
Average Age of Listing
37
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1801
Median Lot Size
Supply and Demand
±+
Asking Price Per Square Foot
Most Expensive Listing
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
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
24.2
=
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
$ 417,500
2858 10 - 20 acres
4.0
3.0
27
70
2
4
197
Most expensive 25% of properties
Upper/Second
$ 199,750
2015 not available
4.0
2.0
37
70
8
10
151
Upper-middle 25% of properties
Lower/Third
$ 139,000
1656 not available
3.0
2.0
43
70
13
10
104
Lower-middle 25% of properties
Bottom/Fourth
$ 99,900
1346 not available
3.0
2.0
41
71
13
6
127
Least expensive 25% of properties
Page 2 of 26
Monday January 16, 2012
Single Family Homes in
City Overview
TEMPE, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
City Overview
TEMPE, 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 26
90-day Average
Monday January 16, 2012
Single Family Homes in
City Overview
TEMPE, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The TEMPE 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 24.20 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 26
Monday January 16, 2012
Single Family Homes in
City Overview
TEMPE, AZ
David Dion | Solutions Real Estate | 480-332-5942 | www.
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 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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
TEMPE, AZ 85282
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in TEMPE, AZ 85282 this week is $149,900. The 99 properties have been on the market for an average of 121 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.
$ 149,900
Average List Price
$ 170,487
±+
Asking Price Per Square Foot
$ 83
±+
Average Days on Market (DoM)
121
=
Inventory of Properties Listed
99
≠
Most Expensive Listing
$ 420,000
Least Expensive Listing
$ 19,000
Average Age of Listing
44
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1850
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
24.8
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 269,950
2329 not available
4.0
2.0
42
24
3
2
77
Upper/Second
$ 179,000
2080 not available
3.0
2.0
43
25
3
3
167
Upper-middle 25% of properties
Lower/Third
$ 135,000
1792 not available
4.0
2.0
49
25
4
3
118
Lower-middle 25% of properties
Bottom/Fourth
$ 100,000
1400 not available
3.0
2.0
42
25
4
4
122
Least expensive 25% of properties
Page 7 of 26
Monday January 16, 2012
Most expensive 25% of properties
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85282
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 8 of 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85282
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 9 of 26
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85282
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The TEMPE, 85282 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 24.79 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.
First/Top
Second/Upper
Third/Lower
Fourth/Bottom
Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 10 of 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85282
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 121 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 11 of 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
TEMPE, AZ 85281
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in TEMPE, AZ 85281 this week is $139,183. The 58 properties have been on the market for an average of 156 days.
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
$ 139,183
Average List Price
$ 202,681
±+
Asking Price Per Square Foot
$ 98
=
Average Days on Market (DoM)
156
≠
Inventory of Properties Listed
58
≠
Most Expensive Listing
$ 799,000
Least Expensive Listing
$ 51,500
Average Age of Listing
43
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
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
24.8
=
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 437,450
1685 not available
3.0
2.0
10
14
1
0
201
Most expensive 25% of properties
Upper/Second
$ 181,975
1678 not available
3.0
2.0
40
14
3
4
139
Upper-middle 25% of properties
Lower/Third
$ 120,000
1474 not available
3.0
2.0
53
15
4
2
130
Lower-middle 25% of properties
Bottom/Fourth
$ 80,000
1354 not available
3.0
2.0
52
15
4
1
156
Least expensive 25% of properties
Page 12 of 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85281
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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85281
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 14 of 26
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85281
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The TEMPE, 85281 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 24.81 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 15 of 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85281
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in the past 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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
TEMPE, AZ 85284
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in TEMPE, AZ 85284 this week is $302,500. The 58 properties have been on the market for an average of 201 days.
$ 302,500
Average List Price
$ 608,688 =
Average Days on Market (DoM)
201
≠
Inventory of Properties Listed
58
≠
Most Expensive Listing
$ 6,850,000
Least Expensive Listing
$ 169,000
Average Age of Listing
23
Percent of Properties with Price Decrease
36 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
2639
Median Lot Size
Supply and Demand
=
$ 129
Asking Price Per Square Foot
Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
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
20.7
=
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
$ 1,024,900
4968 10 - 20 acres
5.5
4.5
24
14
1
0
444
Most expensive 25% of properties
Upper/Second
$ 460,000
3200 not available
4.0
2.0
22
14
0
1
143
Upper-middle 25% of properties
Lower/Third
$ 275,000
2576 not available
4.0
3.0
26
15
0
2
125
Lower-middle 25% of properties
Bottom/Fourth
$ 199,000
1806 not available
3.0
2.0
24
15
1
2
106
Least expensive 25% of properties
Page 17 of 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85284
David Dion | Solutions Real Estate | 480-332-5942 | www.
Median Price Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85284
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 19 of 26
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85284
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The TEMPE, 85284 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.73. 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 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85284
David Dion | Solutions Real Estate | 480-332-5942 | www.
Days on Market The properties have been on the market for an average of 201 days. Half of the listings have come newly on the market in the past 88 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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Neighborhood Detail
Single Family Homes in
TEMPE, AZ 85283
David Dion | Solutions Real Estate | 480-332-5942 | www.
This Week
Real-Time Market Profile
The median list price in TEMPE, AZ 85283 this week is $136,750. The 66 properties have been on the market for an average of 120 days.
The Market Action Index has been trending down recently, but as dayson-market decreases also, there are not strong signals for the direction of the market.
$ 136,750
Average List Price
$ 169,745
≠
Asking Price Per Square Foot
$ 91
±+
Average Days on Market (DoM)
120
≠
Inventory of Properties Listed
66
Most Expensive Listing
$ 849,900
Least Expensive Listing
$ 75,000
Average Age of Listing
±+
32
Percent of Properties with Price Decrease
27 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
6%
Median House Size (sq ft)
1548
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
23.8
≠
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
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 237,425
2400 not available
4.0
2.0
35
16
2
3
165
Most expensive 25% of properties
Upper/Second
$ 150,000
1606 not available
3.0
2.0
38
16
1
2
120
Upper-middle 25% of properties
Lower/Third
$ 125,000
1460 not available
3.0
2.0
34
17
2
1
83
Lower-middle 25% of properties
Bottom/Fourth
$ 90,000
1308 not available
3.0
2.0
33
17
3
0
115
Page 22 of 26
Monday January 16, 2012
Least expensive 25% of properties
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85283
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 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85283
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 26
90-day Average
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85283
David Dion | Solutions Real Estate | 480-332-5942 | www.
Market Action Index The TEMPE, 85283 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 23.84 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 25 of 26
Monday January 16, 2012
Single Family Homes in
Neighborhood Detail
TEMPE, AZ 85283
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 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 26 of 26
Second/Upper
Third/Lower
Monday January 16, 2012
Fourth/Bottom