Page 1

Solutions Real Estate MARKET UPDATE GILBERT, 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 October 15, 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

David Dion | Solutions Real Estate 480-332-5942 | www. | Katy Katz, Associate Broker at Solutions Real|Estate | www.katykatz.com

602-618-0917

This Week

GILBERT, AZ

Real-Time Market Profile

The median list price in GILBERT, AZ this week is $245,000. The 842 properties have been on the market for an average of 83 days.

$ 245,000

Average List Price

$ 396,767 ==

Average Days on Market (DoM)

83

±+

Inventory of Properties Listed

842

±+

Most Expensive Listing

$ 90,000,000

Least Expensive Listing

$ 44,900

Average Age of Listing

12

Percent of Properties with Price Decrease

25 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

14 %

Median House Size (sq ft)

2288

Median Lot Size

Supply and Demand

==

$ 106

Asking Price Per Square Foot

With inventory, days-on-market, and the Market Action Index all recently plateaued, the market is not sending strong directional signal for the nearterm outlook.

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

Buyer's Advantage

27.5

±+

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

Trend Key:

±+

No change

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

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 431,208

3582 10 - 20 acres

4.0

3.0

9

210

20

18

92

Most expensive 25% of properties

Upper/Second

$ 287,495

2623

8,001 10,000 sqft

4.0

2.5

11

210

44

37

67

Upper-middle 25% of properties

Lower/Third

$ 215,000

2039 10 - 20 acres

4.0

2.0

11

211

31

32

73

Lower-middle 25% of properties

Bottom/Fourth

$ 145,000

1566

6,501 8,000 sqft

3.0

2.0

12

211

28

30

98

Least expensive 25% of properties

Page 2 of 36

Monday October 15, 2012


Single Family Homes in

City Overview

David Dion | Solutions Estate 480-332-5942 | www. Katy Katz, Associate Broker Real at Solutions Real| Estate | www.katykatz.com

| 602-618-0917

GILBERT, AZ

Median Price Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Single Family Homes in

City Overview

David Dion | Solutions Real Estate 480-332-5942 | www. | Katy Katz, Associate Broker at Solutions Real|Estate | www.katykatz.com

602-618-0917

GILBERT, AZ

Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

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

7-day Average

Page 4 of 36

90-day Average

Monday October 15, 2012


Single Family Homes in

City Overview

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ

Market Action Index The GILBERT 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 27.48 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 the market are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than the others. Current supply/demand levels identify Quartile 1 as 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 5 of 36

Monday October 15, 2012


Single Family Homes in

City Overview

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ

Days on Market The properties have been on the market for an average of 83 days. Half of the listings have come newly on the market in the past 50 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

This Week

GILBERT, AZ 85296

Real-Time Market Profile

The median list price in GILBERT, AZ 85296 this week is $214,900. The 137 properties have been on the market for an average of 74 days.

Trend

Median List Price

$ 214,900

Average List Price

$ 236,865 $ 100

==

Average Days on Market (DoM)

74

==

Inventory of Properties Listed

137

±+

Asking Price Per Square Foot

The Market Action index has been trending down lately, while days-onmarket is climbing, providing mostly bearish signs for the market.

Most Expensive Listing

$ 870,000

Least Expensive Listing

$ 86,500

Average Age of Listing

12

Percent of Properties with Price Decrease

18 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

14 %

Median House Size (sq ft)

2090

Median Lot Size

Supply and Demand

==

5.0 - 10 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

Buyer's Advantage

29.1

≠≠

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

$ 339,450

3326 10 - 20 acres

4.0

3.0

11

34

7

3

74

Most expensive 25% of properties

Upper/Second

$ 238,950

2304 not available

4.0

2.0

14

34

5

7

52

Upper-middle 25% of properties

Lower/Third

$ 187,900

1813

6,501 8,000 sqft

3.0

2.0

14

34

4

3

65

Lower-middle 25% of properties

Bottom/Fourth

$ 149,000

1509 not available

3.0

2.0

14

35

7

6

105

Page 7 of 36

Monday October 15, 2012

Least expensive 25% of properties


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85296

Median Price In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 8 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85296

Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

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

7-day Average

Page 9 of 36

90-day Average

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85296

Market Action Index The GILBERT, 85296 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.10 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 10 of 36

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85296

Days on Market The properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in the past 57 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

GILBERT, AZ 85234

David Dion | Solutions Real Estate | 480-332-5942 | www.

Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917

This Week

Real-Time Market Profile

The median list price in GILBERT, AZ 85234 this week is $222,500. The 162 properties have been on the market for an average of 84 days.

$ 222,500

Average List Price

$ 301,369 ==

Average Days on Market (DoM)

84

≠≠

Inventory of Properties Listed

162

±+

Most Expensive Listing

$ 2,100,000

Least Expensive Listing

$ 60,000

Average Age of Listing

18

Percent of Properties with Price Decrease

23 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

2195

Median Lot Size

Supply and Demand

±+

$ 105

Asking Price Per Square Foot

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

Trend

Median List Price

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

Buyer's Advantage

26.9

≠≠

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

Trend Key:

±+

== 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

$ 439,278

3643 10 - 20 acres

5.0

3.0

16

40

7

2

101

Upper/Second

$ 265,000

2440

4,501 6,500 sqft

4.0

3.0

18

40

7

4

63

Upper-middle 25% of properties

Lower/Third

$ 180,000

1980 not available

4.0

2.0

18

41

6

3

83

Lower-middle 25% of properties

Bottom/Fourth

$ 138,000

1435 not available

3.0

2.0

18

41

4

3

88

Least expensive 25% of properties

Page 12 of 36

Monday October 15, 2012

Most expensive 25% of properties


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85234

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 13 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85234

Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, 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 36

90-day Average

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85234

Market Action Index The GILBERT, 85234 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 26.95 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 15 of 36

Monday October 15, 2012


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85234

Days on Market The properties have been on the market for an average of 84 days. Half of the listings have come newly on the market in the past 50 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

This Week

GILBERT, AZ 85233

Real-Time Market Profile

The median list price in GILBERT, AZ 85233 this week is $224,900. The 111 properties have been on the market for an average of 89 days.

$ 224,900

Average List Price

$ 237,818 ==

Average Days on Market (DoM)

89

≠≠

Inventory of Properties Listed

111

==

Most Expensive Listing

$ 549,900

Least Expensive Listing

$ 44,900

Average Age of Listing

20

Percent of Properties with Price Decrease

20 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

14 %

Median House Size (sq ft)

2255

Median Lot Size

Supply and Demand

==

$ 104

Asking Price Per Square Foot

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

Trend

Median List Price

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

27.3

≠≠

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

$ 365,000

3220 not available

4.0

3.0

18

27

6

2

108

Upper/Second

$ 259,950

2422 not available

4.0

2.0

16

28

5

2

62

Upper-middle 25% of properties

Lower/Third

$ 199,450

1899 not available

3.0

2.0

18

28

4

5

92

Lower-middle 25% of properties

Bottom/Fourth

$ 133,500

1436 not available

3.0

2.0

22

28

4

5

95

Least expensive 25% of properties

Page 17 of 36

Monday October 15, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85233

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 18 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85233

Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

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

7-day Average

Page 19 of 36

90-day Average

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85233

Market Action Index The GILBERT, 85233 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 27.32 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 20 of 36

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85233

Days on Market The properties have been on the market for an average of 89 days. Half of the listings have come newly on the market in the past 64 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

GILBERT, AZ 85298

602-618-0917

This Week

Real-Time Market Profile

The median list price in GILBERT, AZ 85298 this week is $308,900. The 173 properties have been on the market for an average of 86 days.

$ 308,900

Average List Price

$ 871,215 ==

Average Days on Market (DoM)

86

≠≠

Inventory of Properties Listed

173

==

Most Expensive Listing

$ 90,000,000

Least Expensive Listing

$ 115,000

Average Age of Listing

6

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

21 %

Median House Size (sq ft)

2560

Median Lot Size

Supply and Demand

±+

$ 124

Asking Price Per Square Foot

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

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

Buyer's Advantage

23.6

==

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

$ 469,990

4000 10 - 20 acres

5.0

4.0

7

43

4

6

111

Upper/Second

$ 340,990

2706

6,501 8,000 sqft

4.0

2.5

6

43

5

5

72

Upper-middle 25% of properties

Lower/Third

$ 269,900

2289 10 - 20 acres

4.0

2.0

7

43

5

10

74

Lower-middle 25% of properties

Bottom/Fourth

$ 211,500

1726 10 - 20 acres

3.0

2.0

7

44

7

7

87

Least expensive 25% of properties

Page 22 of 36

Monday October 15, 2012

Most expensive 25% of properties


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85298

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 23 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85298

Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average

90-day Average

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

7-day Average

Page 24 of 36

90-day Average

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917

GILBERT, AZ 85298

Market Action Index The GILBERT, 85298 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 23.56 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 36

Monday October 15, 2012


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85298

Days on Market The properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in the past 50 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

This Week

GILBERT, AZ 85295

Real-Time Market Profile

The median list price in GILBERT, AZ 85295 this week is $245,000. The 124 properties have been on the market for an average of 89 days.

Trend

Median List Price

$ 245,000

Average List Price

$ 287,256 $ 100

==

Average Days on Market (DoM)

89

±+

Inventory of Properties Listed

124

≠≠

Asking Price Per Square Foot

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

Most Expensive Listing

$ 860,000

Least Expensive Listing

$ 84,000

Average Age of Listing

8

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

14 %

Median House Size (sq ft)

2408

Median Lot Size

Supply and Demand

==

8,001 - 10,000 sqft

Median Number of Bedrooms

4.0

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

30.7

≠≠

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

$ 489,500

4139 10 - 20 acres

5.0

4.0

9

31

2

1

104

Upper/Second

$ 289,000

2902

8,001 10,000 sqft

5.0

3.0

9

31

6

8

78

Upper-middle 25% of properties

Lower/Third

$ 198,900

2045 not available

3.0

2.0

8

31

6

5

65

Lower-middle 25% of properties

Bottom/Fourth

$ 130,000

1488

6,501 8,000 sqft

3.0

2.0

6

31

4

5

111

Page 27 of 36

Monday October 15, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85295

Median Price Despite this week's down tic, price trends in this zip code have generally been moving up lately. 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 28 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85295

Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been 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 36

90-day Average

Monday October 15, 2012


Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

GILBERT, AZ 85295

Market Action Index The GILBERT, 85295 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.74 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 30 of 36

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85295

Days on Market The properties have been on the market for an average of 89 days. Half of the listings have come newly on the market in the past 50 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

Single Family Homes in

602-618-0917

This Week

GILBERT, AZ 85297

Real-Time Market Profile

The median list price in GILBERT, AZ 85297 this week is $249,000. The 137 properties have been on the market for an average of 73 days.

Trend

Median List Price

$ 249,000

Average List Price

$ 296,472 $ 102

==

Average Days on Market (DoM)

73

±+

Inventory of Properties Listed

137

≠≠

Asking Price Per Square Foot

Most Expensive Listing

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

$ 1,250,000

Least Expensive Listing

$ 70,000

Average Age of Listing

9

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

10 %

Median House Size (sq ft)

2351

Median Lot Size

Supply and Demand

==

5.0 - 10 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

Buyer's Advantage

27.0

==

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

Trend Key:

±+

== 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

$ 429,995

3552

5.0 - 10 acres

4.0

3.0

8

34

2

2

79

Most expensive 25% of properties

Upper/Second

$ 310,950

3050 not available

4.0

3.0

10

34

5

6

50

Upper-middle 25% of properties

Lower/Third

$ 225,000

1988 not available

4.0

2.0

8

34

6

8

70

Lower-middle 25% of properties

Bottom/Fourth

$ 164,000

1750 not available

3.0

2.0

9

35

5

9

93

Least expensive 25% of properties

Page 32 of 36

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85297

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 33 of 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85297

Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been 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 36

90-day Average

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate | 480-332-5942 | www.| 602-618-0917 Katy Katz, Associate Broker atReal Solutions Real Estate | www.katykatz.com

GILBERT, AZ 85297

Market Action Index The GILBERT, 85297 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 27.02 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 35 of 36

Monday October 15, 2012


Single Family Homes in

Neighborhood Detail

David Dion | Solutions Estate 480-332-5942 | www.| Katy Katz, Associate Broker atReal Solutions Real |Estate | www.katykatz.com

602-618-0917

GILBERT, AZ 85297

Days on Market The properties have been on the market for an average of 73 days. Half of the listings have come newly on the market in the past 50 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 36

Second/Upper

Third/Lower

Monday October 15, 2012

Fourth/Bottom

Gilbert Az Market Updates October 2012  

The median list price in GILBERT, AZ this week is $245,000. The 842 properties have been on the market for an average of 83 days.