Issuu on Google+

Solutions Real Estate MARKET UPDATE Apache Junction and Gold Canyon, AZ AZ APACHE JUNCTION,

· 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

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

| 602-618-0917

This Week

Apache Junction, APACHE AZ Gold Canyon, AZ JUNCTION, AZ

Real-Time Market Profile

The median list price in APACHE JUNCTION, AZ this week is $189,900. The 497 properties have been on the market for an average of 161 days.

Trend

Median List Price

$ 189,900

Average List Price

$ 283,087 $ 119

==

Average Days on Market (DoM)

161

±+

Inventory of Properties Listed

497

==

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.

$ 2,500,000

Least Expensive Listing

$ 30,000

Average Age of Listing

16

Percent of Properties with Price Decrease

23 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

9%

Median House Size (sq ft)

1865

Median Lot Size

Supply and Demand

==

8,001 - 10,000 sqft

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

19.4

≠≠

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

$ 548,500

2916

0.25 - 0.50 acre

3.0

3.0

9

124

7

1

188

Most expensive 25% of properties

Upper/Second

$ 259,450

1919

8,001 10,000 sqft

3.0

2.0

13

124

18

7

132

Upper-middle 25% of properties

Lower/Third

$ 149,900

1570

6,501 8,000 sqft

3.0

2.0

12

124

13

9

178

Lower-middle 25% of properties

Bottom/Fourth

$ 82,900

1248

8,001 10,000 sqft

2.0

2.0

22

125

6

3

146

Least expensive 25% of properties

Page 2 of 21

Monday November 26, 2012


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

APACHE JUNCTION, 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 21

Second/Upper

Third/Lower

Monday November 26, 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

APACHE JUNCTION, 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 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 4 of 21

90-day Average

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

APACHE JUNCTION, AZ

Market Action Index The APACHE JUNCTION market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.40. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 5 of 21

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

APACHE JUNCTION, AZ

Days on Market The properties have been on the market for an average of 161 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 6 of 21

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

APACHE JUNCTION, AZ

Real-Time Market Profile

The median list price in APACHE JUNCTION, AZ 85120 this week is $118,950. The 96 properties have been on the market for an average of 117 days. Inventory has been tightening and days-on-market decreasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Trend

Median List Price

$ 118,950

Average List Price

$ 136,677

Asking Price Per Square Foot

$ 78

==

Average Days on Market (DoM)

117

≠≠

Inventory of Properties Listed

96

≠≠

Most Expensive Listing

$ 998,000

Least Expensive Listing

$ 30,000

Average Age of Listing

20

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

17 %

Median House Size (sq ft)

1346

Median Lot Size

Supply and Demand

==

0.25 - 0.50 acre

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

20.9

±+

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

$ 187,450

1967

1.0 - 2.5 acres

3.0

2.0

9

24

2

1

120

Most expensive 25% of properties

Upper/Second

$ 135,950

1364

0.25 - 0.50 acre

3.0

2.0

13

24

5

4

139

Upper-middle 25% of properties

Lower/Third

$ 96,750

1358

8,001 10,000 sqft

3.0

2.0

14

24

1

1

102

Lower-middle 25% of properties

Bottom/Fourth

$ 66,450

1078

0.25 - 0.50 acre

2.0

2.0

34

24

2

1

108

Least expensive 25% of properties

Page 7 of 21

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

APACHE JUNCTION, AZ

Median Price Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer's zone as a leading indicator of the price strength finally abating.

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 21

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

APACHE JUNCTION, 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 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 21

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

APACHE JUNCTION, AZ

Market Action Index The APACHE JUNCTION, 85120 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.93. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 10 of 21

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

APACHE JUNCTION, AZ

Days on Market The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the past 68 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 21

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

APACHE JUNCTION, AZ 85119

Real-Time Market Profile

The median list price in APACHE JUNCTION, AZ 85119 this week is $145,000. The 136 properties have been on the market for an average of 157 days.

Trend

Median List Price

$ 145,000

Average List Price

$ 191,446 $ 107

==

Average Days on Market (DoM)

157

±+

Inventory of Properties Listed

136

==

Asking Price Per Square Foot

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

Most Expensive Listing

$ 760,000

Least Expensive Listing

$ 54,900

Average Age of Listing

17

Percent of Properties with Price Decrease

23 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

13 %

Median House Size (sq ft)

1778

Median Lot Size

Supply and Demand

≠≠

1.0 - 2.5 acres

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

20.9

≠≠

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

$ 352,450

2194

1.0 - 2.5 acres

3.0

2.0

12

34

1

2

160

Most expensive 25% of properties

Upper/Second

$ 165,000

1786

1.0 - 2.5 acres

3.0

2.0

12

34

1

3

238

Upper-middle 25% of properties

Lower/Third

$ 124,850

1475

6,501 8,000 sqft

2.0

2.0

12

34

3

1

128

Lower-middle 25% of properties

Bottom/Fourth

$ 79,900

1276

0.50 - 1.0 acre

1.0

1.0

21

34

1

0

102

Least expensive 25% of properties

Page 12 of 21

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

APACHE JUNCTION, AZ 85119

Median Price Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. 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 13 of 21

Second/Upper

Third/Lower

Monday November 26, 2012

Fourth/Bottom


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

APACHE JUNCTION, AZ 85119

Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.

7-day Average

90-day Average

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

7-day Average

Page 14 of 21

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

APACHE JUNCTION, AZ 85119

Market Action Index The APACHE JUNCTION, 85119 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.94. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 15 of 21

Monday November 26, 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

APACHE JUNCTION, AZ 85119

Days on Market The properties have been on the market for an average of 157 days. Half of the listings have come newly on the market in the past 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 16 of 21

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

APACHE AZ 85118

Gold Canyon, AZ JUNCTION, 85118

Real-Time Market Profile

The median list price in APACHE JUNCTION, AZ 85118 this week is $285,000. The 262 properties have been on the market for an average of 175 days.

Trend

Median List Price

$ 285,000

Average List Price

$ 385,116 $ 138

==

Average Days on Market (DoM)

175

≠≠

Inventory of Properties Listed

262

==

Asking Price Per Square Foot

Most Expensive Listing

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.

$ 2,500,000

Least Expensive Listing

$ 44,900

Average Age of Listing

14

Percent of Properties with Price Decrease

21 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

2076

Median Lot Size

Supply and Demand

==

8,001 - 10,000 sqft

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

15.8

≠≠

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

$ 695,000

3410

0.25 - 0.50 acre

3.0

3.0

7

65

5

0

159

Most expensive 25% of properties

Upper/Second

$ 364,950

2292

8,001 10,000 sqft

3.0

2.0

12

65

7

2

215

Upper-middle 25% of properties

Lower/Third

$ 245,000

1862

6,501 8,000 sqft

3.0

2.0

13

66

11

3

112

Lower-middle 25% of properties

Bottom/Fourth

$ 123,700

1372

6,501 8,000 sqft

2.0

2.0

14

66

5

2

216

Least expensive 25% of properties

Page 17 of 21

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

APACHE AZ 85118

Gold Canyon, AZ JUNCTION, 85118

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 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 18 of 21

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

APACHE Gold Canyon, AZ

JUNCTION, AZ 85118 85118

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 21

90-day Average

Monday November 26, 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

APACHE JUNCTION, AZ 85118 85118 Gold Canyon, AZ

Market Action Index The APACHE JUNCTION, 85118 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.84. 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 21

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

APACHE Gold Canyon, AZ

JUNCTION, AZ 85118 85118

Days on Market The properties have been on the market for an average of 175 days. Half of the listings have come newly on the market in the past 82 or so days.

7-day Average

90-day Average

Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Page 21 of 21

Second/Upper

Third/Lower

Monday November 26, 2012

Fourth/Bottom


November 2012- AJ and Gold Canyon Market Report