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" November 26, 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 Estate 480-332-5942 | www. Katy Katz, Associate Broker atReal 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 $255,000. The 817 properties have been on the market for an average of 93 days.

Trend

Median List Price

$ 255,000

Average List Price

$ 297,336 $ 108

±+

Average Days on Market (DoM)

93

±+

Inventory of Properties Listed

817

±+

Asking Price Per Square Foot

Most Expensive Listing

With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.

$ 2,100,000

Least Expensive Listing

$ 60,000

Average Age of Listing

12

Percent of Properties with Price Decrease

30 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

15 %

Median House Size (sq ft)

2274

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

25.8

≠≠

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

Trend Key:

±+

No change

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

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 429,900

3578

0.25 - 0.50 acre

4.0

3.0

9

204

27

15

100

Upper/Second

$ 289,950

2570

8,001 10,000 sqft

4.0

3.0

11

204

20

19

87

Upper-middle 25% of properties

Lower/Third

$ 218,975

2046

6,501 8,000 sqft

4.0

2.0

11

204

20

22

78

Lower-middle 25% of properties

Bottom/Fourth

$ 150,000

1604

4,501 6,500 sqft

3.0

2.0

13

205

13

19

109

Page 2 of 36

Monday November 26, 2012

Most expensive 25% of properties

Least expensive 25% of properties


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

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 November 26, 2012

Fourth/Bottom


Single Family Homes in

City Overview

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

| 602-618-0917

GILBERT, AZ

Price per Square Foot In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

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

7-day Average

Page 4 of 36

90-day Average

Monday November 26, 2012


Single Family Homes in

City Overview

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

GILBERT, AZ

Market Action Index The GILBERT market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.83 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 November 26, 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 93 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 6 of 36

Second/Upper

Third/Lower

Monday November 26, 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 $219,475. The 128 properties have been on the market for an average of 88 days.

Trend

Median List Price

$ 219,475

Average List Price

$ 245,711 $ 98

±+

Average Days on Market (DoM)

88

==

Inventory of Properties Listed

128

±+

Asking Price Per Square Foot

Most Expensive Listing

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

$ 1,050,000

Least Expensive Listing

$ 86,500

Average Age of Listing

13

Percent of Properties with Price Decrease

21 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

14 %

Median House Size (sq ft)

2240

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

29.2

==

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

$ 347,000

3372

0.25 - 0.50 acre

5.0

3.0

12

32

5

4

69

Most expensive 25% of properties

Upper/Second

$ 250,450

2294

6,501 8,000 sqft

4.0

2.0

15

32

5

2

71

Upper-middle 25% of properties

Lower/Third

$ 195,700

2014

4,501 6,500 sqft

4.0

2.0

14

32

3

7

97

Lower-middle 25% of properties

Bottom/Fourth

$ 144,950

1517

4,501 6,500 sqft

3.0

2.0

12

32

1

1

114

Page 7 of 36

Monday November 26, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

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 85296

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

7-day Average

90-day Average

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

First/Top

Page 8 of 36

Second/Upper

Third/Lower

Monday November 26, 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 85296

Price per Square Foot In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

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

7-day Average

Page 9 of 36

90-day Average

Monday November 26, 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 85296

Market Action Index The GILBERT, 85296 market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 29.20 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Two 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 and two of the quartiles are in the Seller's Market zone.

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 November 26, 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 85296

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 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 11 of 36

Second/Upper

Third/Lower

Monday November 26, 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 $247,500. The 138 properties have been on the market for an average of 90 days.

Trend

Median List Price

$ 247,500

Average List Price

$ 331,606 $ 108

==

Average Days on Market (DoM)

90

±+

Inventory of Properties Listed

138

≠≠

Asking Price Per Square Foot

Most Expensive Listing

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

$ 2,100,000

Least Expensive Listing

$ 60,000

Average Age of Listing

17

Percent of Properties with Price Decrease

32 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

8%

Median House Size (sq ft)

2274

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

26.1

≠≠

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

$ 489,450

3627

0.25 - 0.50 acre

4.0

3.0

15

34

1

0

83

Most expensive 25% of properties

Upper/Second

$ 277,900

2482

8,001 10,000 sqft

4.0

3.0

16

34

6

5

99

Upper-middle 25% of properties

Lower/Third

$ 199,900

1952

4,501 6,500 sqft

4.0

2.0

19

35

1

3

75

Lower-middle 25% of properties

Bottom/Fourth

$ 140,000

1562

4,501 6,500 sqft

3.0

2.0

18

35

2

1

102

Page 12 of 36

Monday November 26, 2012

Least expensive 25% of properties


Neighborhood Detail

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

Single Family Homes in

602-618-0917

GILBERT, AZ 85234

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

7-day Average

90-day Average

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

First/Top

Page 13 of 36

Second/Upper

Third/Lower

Monday November 26, 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 85234

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 14 of 36

90-day Average

Monday November 26, 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 Advantage 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 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 15 of 36

Monday November 26, 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

Days on Market The properties have been on the market for an average of 90 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 16 of 36

Second/Upper

Third/Lower

Monday November 26, 2012

Fourth/Bottom


Neighborhood Detail David Dion | Solutions Real Estate 480-332-5942 | www. Katy Katz, Associate Broker at 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 $226,000. The 117 properties have been on the market for an average of 104 days.

Trend

Median List Price

$ 226,000

Average List Price

$ 241,973 $ 104

±+

Average Days on Market (DoM)

104

≠≠

Inventory of Properties Listed

117

==

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.

Most Expensive Listing

$ 549,900

Least Expensive Listing

$ 71,000

Average Age of Listing

19

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

12 %

Median House Size (sq ft)

2258

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

25.9

≠≠

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

$ 370,000

3273

8,001 10,000 sqft

4.0

3.0

17

29

3

0

128

Upper/Second

$ 260,000

2423

8,001 10,000 sqft

4.0

2.5

16

29

2

2

92

Upper-middle 25% of properties

Lower/Third

$ 199,900

1817

6,501 8,000 sqft

4.0

2.0

17

29

1

1

76

Lower-middle 25% of properties

Bottom/Fourth

$ 133,450

1492

4,501 6,500 sqft

3.0

2.0

18

30

1

3

119

Page 17 of 36

Monday November 26, 2012

Most expensive 25% of properties

Least expensive 25% of properties


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 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 November 26, 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 85233

Price per Square Foot In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been 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 November 26, 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 85233

Market Action Index The GILBERT, 85233 market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.89 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 November 26, 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 85233

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 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 November 26, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

GILBERT, AZ 85298

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

This Week

Real-Time Market Profile

The median list price in GILBERT, AZ 85298 this week is $306,159. The 197 properties have been on the market for an average of 93 days.

Trend

Median List Price

$ 306,159

Average List Price

$ 340,248 $ 132

==

Average Days on Market (DoM)

93

±+

Inventory of Properties Listed

197

==

Asking Price Per Square Foot

Most Expensive Listing

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

$ 1,795,000

Least Expensive Listing

$ 115,000

Average Age of Listing

6

Percent of Properties with Price Decrease

32 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

21 %

Median House Size (sq ft)

2241

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

22.1

≠≠

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

$ 450,000

3766

0.25 - 0.50 acre

4.0

3.5

7

49

6

3

121

Upper/Second

$ 340,000

2692

8,001 10,000 sqft

4.0

2.2

6

49

8

2

81

Upper-middle 25% of properties

Lower/Third

$ 277,000

2109

6,501 8,000 sqft

3.0

2.0

8

49

4

4

71

Lower-middle 25% of properties

Bottom/Fourth

$ 210,000

1682

4,501 6,500 sqft

3.0

2.0

8

50

4

6

99

Least expensive 25% of properties

Page 22 of 36

Monday November 26, 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 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 23 of 36

Second/Upper

Third/Lower

Monday November 26, 2012

Fourth/Bottom


Neighborhood Detail

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

Single Family Homes in

| 602-618-0917

GILBERT, AZ 85298

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 24 of 36

90-day Average

Monday November 26, 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 85298

Market Action Index The GILBERT, 85298 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.12. 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 36

Monday November 26, 2012


Single Family Homes in

Neighborhood Detail

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 85298

Days on Market The properties have been on the market for an average of 93 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 26 of 36

Second/Upper

Third/Lower

Monday November 26, 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 $232,800. The 119 properties have been on the market for an average of 84 days.

Trend

Median List Price

$ 232,800

Average List Price

$ 278,601 $ 105

==

Average Days on Market (DoM)

84

±+

Inventory of Properties Listed

119

≠≠

Asking Price Per Square Foot

Inventory has been tightening but days-on-market and the Market Action Index have been basically unchanged, not providing strong indication for market conditions.

Most Expensive Listing

$ 777,500

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)

13 %

Median House Size (sq ft)

2274

Median Lot Size

Supply and Demand

==

6,501 - 8,000 sqft

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

26.7

±+

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

$ 475,000

3690

0.25 - 0.50 acre

5.0

3.2

9

29

4

4

96

Most expensive 25% of properties

Upper/Second

$ 284,400

2754

8,001 10,000 sqft

4.0

3.0

9

30

4

6

79

Upper-middle 25% of properties

Lower/Third

$ 198,500

1906

4,501 6,500 sqft

3.0

2.0

7

30

4

2

70

Lower-middle 25% of properties

Bottom/Fourth

$ 139,950

1588

Less than 4,500 sqft

3.0

2.0

6

30

3

4

92

Least expensive 25% of properties

Page 27 of 36

Monday November 26, 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

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 November 26, 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 November 26, 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 Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 26.67 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 30 of 36

Monday November 26, 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

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 31 of 36

Second/Upper

Third/Lower

Monday November 26, 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 $249,450. The 118 properties have been on the market for an average of 104 days.

Trend

Median List Price

$ 249,450

Average List Price

$ 315,406 $ 105

±+

Average Days on Market (DoM)

104

==

Inventory of Properties Listed

118

±+

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.

$ 1,585,000

Least Expensive Listing

$ 114,900

Average Age of Listing

9

Percent of Properties with Price Decrease

36 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

18 %

Median House Size (sq ft)

2389

Median Lot Size

Supply and Demand

±+

6,501 - 8,000 sqft

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

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

$ 465,726

3833

0.25 - 0.50 acre

4.0

3.0

7

29

3

3

102

Most expensive 25% of properties

Upper/Second

$ 299,990

3100

8,001 10,000 sqft

4.0

3.0

10

29

1

2

106

Upper-middle 25% of properties

Lower/Third

$ 223,550

2244

6,501 8,000 sqft

4.0

2.0

10

30

4

5

76

Lower-middle 25% of properties

Bottom/Fourth

$ 174,900

1695

4,501 6,500 sqft

3.0

2.0

9

30

4

5

131

Page 32 of 36

Monday November 26, 2012

Least expensive 25% of properties


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 85297

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 33 of 36

Second/Upper

Third/Lower

Monday November 26, 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 85297

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 34 of 36

90-day Average

Monday November 26, 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 85297

Market Action Index The GILBERT, 85297 market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.76 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 November 26, 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 85297

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 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 36 of 36

Second/Upper

Third/Lower

Monday November 26, 2012

Fourth/Bottom

November 2012-Gilbert AZ Market Update  

Gilbert Az Market Updates contains current data related to: · Current Real Estate Market Conditions for Single Family Homes· Trends in Pric...

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