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Solutions Real Estate MARKET UPDATE MESA, AZ

· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of February 20, 2012

· Presented by David Dion Solutions Real Estate www.SolutionsRealEstate.com - dave@solutionsrealestate.com 480-332-5942

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC


City Overview

Single Family Homes in

MESA, AZ

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ this week is $144,900. The 1409 properties have been on the market for an average of 117 days.

Trend

Median List Price

$ 144,900

Average List Price

$ 208,169

Asking Price Per Square Foot

$ 81

±+

Average Days on Market (DoM)

117

≠≠

Inventory of Properties Listed

1409

±+

Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

$ 4,600,000

Least Expensive Listing

$ 10,900

Average Age of Listing

23

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

6%

Median House Size (sq ft)

1750

Median Lot Size

Supply and Demand

±+

2.5 - 5.0 acres

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

22.5

==

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

$ 334,450

3136

2.5 - 5.0 acres

4.0

3.0

11

352

34

26

147

Most expensive 25% of properties

Upper/Second

$ 172,950

1954 not available

3.0

2.0

16

352

42

28

113

Upper-middle 25% of properties

Lower/Third

$ 120,000

1542 not available

3.0

2.0

27

352

44

49

107

Lower-middle 25% of properties

Bottom/Fourth

$ 70,000

1248 not available

3.0

2.0

33

353

41

25

100

Least expensive 25% of properties

Page 2 of 71

Monday February 20, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 3 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

City Overview

MESA, AZ

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

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

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

7-day Average

Page 4 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Market Action Index The MESA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 22.47. 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 71

Monday February 20, 2012


Single Family Homes in

City Overview

MESA, AZ

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

Days on Market The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the past 84 or so days.

7-day Average

90-day Average

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

First/Top

Page 6 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85205

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85205 this week is $116,500. The 118 properties have been on the market for an average of 118 days.

$ 116,500

Average List Price

$ 218,894 $ 76

±+

Average Days on Market (DoM)

118

==

Inventory of Properties Listed

118

≠≠

$ 1,090,000

Least Expensive Listing

$ 35,000

Average Age of Listing

28

Percent of Properties with Price Decrease

23 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

7%

Median House Size (sq ft)

1622

Median Lot Size

Supply and Demand

±+

Asking Price Per Square Foot

Most Expensive Listing

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

23.7

==

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

$ 445,000

4388 not available

5.0

4.0

18

29

1

4

149

Most expensive 25% of properties

Upper/Second

$ 140,000

1794 not available

3.0

2.0

26

29

4

5

125

Upper-middle 25% of properties

Lower/Third

$ 99,400

1383 not available

3.0

2.0

25

30

4

7

108

Lower-middle 25% of properties

Bottom/Fourth

$ 73,500

1116 not available

2.0

2.0

42

30

1

2

94

Page 7 of 71

Monday February 20, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

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

First/Top

Page 8 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been 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 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Market Action Index The MESA, 85205 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 23.73 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 10 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85205

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

Days on Market The properties have been on the market for an average of 118 days. Half of the listings have come newly on the market in the past 80 or so days.

7-day Average

90-day Average

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

First/Top

Page 11 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85207

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85207 this week is $275,500. The 216 properties have been on the market for an average of 132 days.

Trend

Median List Price

$ 275,500

Average List Price

$ 408,434 $ 108

±+

Average Days on Market (DoM)

132

≠≠

Inventory of Properties Listed

216

±+

Asking Price Per Square Foot

Most Expensive Listing

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.

$ 4,600,000

Least Expensive Listing

$ 25,000

Average Age of Listing

13

Percent of Properties with Price Decrease

32 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

4%

Median House Size (sq ft)

2452

Median Lot Size

Supply and Demand

≠≠

2.5 - 5.0 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

20.4

≠≠

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

$ 617,450

4055

1.0 - 2.5 acres

4.0

4.0

8

54

5

1

162

Most expensive 25% of properties

Upper/Second

$ 350,000

2762 10 - 20 acres

4.0

3.0

11

54

4

2

174

Upper-middle 25% of properties

Lower/Third

$ 241,450

2129 not available

3.0

2.0

11

54

8

4

104

Lower-middle 25% of properties

Bottom/Fourth

$ 98,700

1388 not available

3.0

2.0

17

54

11

3

89

Page 12 of 71

Monday February 20, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

7-day Average

90-day Average

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

First/Top

Page 13 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

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

7-day Average

Page 14 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Market Action Index The MESA, 85207 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.36. 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 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85207

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

Days on Market The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the past 84 or so days.

7-day Average

90-day Average

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

First/Top

Page 16 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85215

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85215 this week is $148,500. The 102 properties have been on the market for an average of 122 days.

$ 148,500

Average List Price

$ 204,747 ±+

Average Days on Market (DoM)

122

==

Inventory of Properties Listed

102

==

Most Expensive Listing

$ 999,000

Least Expensive Listing

$ 55,000

Average Age of Listing

21

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

3%

Median House Size (sq ft)

1690

Median Lot Size

Supply and Demand

±+

$ 100

Asking Price Per Square Foot

Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

14.7

==

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

$ 340,220

2834 not available

3.0

2.5

16

25

4

4

130

Most expensive 25% of properties

Upper/Second

$ 199,900

1923 not available

3.0

2.0

18

25

2

2

124

Upper-middle 25% of properties

Lower/Third

$ 119,250

1320 not available

2.0

2.0

20

26

4

1

134

Lower-middle 25% of properties

Bottom/Fourth

$ 77,000

801 not available

2.0

2.0

26

26

0

1

101

Least expensive 25% of properties

Page 17 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

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

First/Top

Page 18 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been 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 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Market Action Index The MESA, 85215 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 14.72. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 20 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85215

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

Days on Market The properties have been on the market for an average of 122 days. Half of the listings have come newly on the market in the past 110 or so days.

7-day Average

90-day Average

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

First/Top

Page 21 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85206

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85206 this week is $140,000. The 143 properties have been on the market for an average of 133 days.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

$ 140,000

Average List Price

$ 156,638

±+

Asking Price Per Square Foot

$ 88

±+

Average Days on Market (DoM)

133

==

Inventory of Properties Listed

143

==

Most Expensive Listing

$ 950,000

Least Expensive Listing

$ 45,000

Average Age of Listing

27

Percent of Properties with Price Decrease

35 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

1%

Median House Size (sq ft)

1622

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

18.6

≠≠

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

$ 199,900

1891 not available

3.0

2.0

25

35

4

0

142

Most expensive 25% of properties

Upper/Second

$ 154,450

1654 not available

2.0

2.0

32

36

6

5

146

Upper-middle 25% of properties

Lower/Third

$ 126,495

1590 not available

2.0

2.0

32

36

8

1

134

Lower-middle 25% of properties

Bottom/Fourth

$ 99,400

1344 not available

2.0

2.0

28

36

5

2

110

Least expensive 25% of properties

Page 22 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

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

First/Top

Page 23 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Price per Square Foot 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 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 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Market Action Index The MESA, 85206 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.61. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 25 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85206

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

Days on Market The properties have been on the market for an average of 133 days. Half of the listings have come newly on the market in the past 98 or so days.

7-day Average

90-day Average

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

First/Top

Page 26 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85208

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85208 this week is $110,000. The 179 properties have been on the market for an average of 98 days.

$ 110,000

Average List Price

$ 113,419 ±+

Average Days on Market (DoM)

98

≠≠

Inventory of Properties Listed

179

±+

Most Expensive Listing

$ 399,000

Least Expensive Listing

$ 27,700

Average Age of Listing

27

Percent of Properties with Price Decrease

24 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

1365

Median Lot Size

Supply and Demand

==

$ 72

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

not available

Median Number of Bedrooms

2.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

23.0

≠≠

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

$ 161,950

1500 not available

2.0

2.0

26

44

3

2

133

Upper/Second

$ 128,000

1460 not available

2.0

2.0

30

45

3

4

79

Upper-middle 25% of properties

Lower/Third

$ 89,800

1284 not available

2.0

2.0

26

45

3

7

90

Lower-middle 25% of properties

Bottom/Fourth

$ 52,900

1274 not available

2.0

2.0

35

45

3

0

91

Least expensive 25% of properties

Page 27 of 71

Monday February 20, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

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 28 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

Price per Square Foot 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 29 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

Market Action Index The MESA, 85208 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 23.05 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 30 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85208

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

Days on Market The properties have been on the market for an average of 98 days. Half of the listings have come newly on the market in the past 84 or so days.

7-day Average

90-day Average

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

First/Top

Page 31 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85209

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85209 this week is $185,000. The 145 properties have been on the market for an average of 115 days.

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

$ 185,000

Average List Price

$ 189,844

==

Asking Price Per Square Foot

$ 88

±+

Average Days on Market (DoM)

115

±+

Inventory of Properties Listed

145

≠≠

Most Expensive Listing

$ 399,900

Least Expensive Listing

$ 34,900

Average Age of Listing

14

Percent of Properties with Price Decrease

37 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

3%

Median House Size (sq ft)

1884

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

20.5

==

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:

±+

== 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

$ 287,450

2154 not available

3.0

2.0

10

36

3

6

165

Most expensive 25% of properties

Upper/Second

$ 209,950

1889 not available

3.0

2.0

13

36

1

3

110

Upper-middle 25% of properties

Lower/Third

$ 159,950

1932 not available

3.0

2.0

15

36

1

3

94

Lower-middle 25% of properties

Bottom/Fourth

$ 108,000

1452 not available

3.0

2.0

12

37

2

3

91

Least expensive 25% of properties

Page 32 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

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 33 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Price per Square Foot 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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 34 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Market Action Index The MESA, 85209 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 20.54. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 35 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85209

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

Days on Market The properties have been on the market for an average of 115 days. Half of the listings have come newly on the market in the past 70 or so days.

7-day Average

90-day Average

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

First/Top

Page 36 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85210

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85210 this week is $99,750. The 46 properties have been on the market for an average of 137 days.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

$ 99,750

Average List Price

$ 104,883

≠≠

Asking Price Per Square Foot

$ 63

≠≠

Average Days on Market (DoM)

137

==

Inventory of Properties Listed

46

≠≠

Most Expensive Listing

$ 269,000

Least Expensive Listing

$ 31,000

Average Age of Listing

43

Percent of Properties with Price Decrease

15 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

11 %

Median House Size (sq ft)

1452

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Market Action Index

Seller's Advantage

33.1

==

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

$ 165,000

2670 not available

4.0

3.0

31

11

1

3

63

Upper/Second

$ 115,000

1635 not available

3.0

2.0

34

11

1

4

126

Upper-middle 25% of properties

Lower/Third

$ 81,950

1336 not available

3.0

2.0

38

12

2

3

236

Lower-middle 25% of properties

Bottom/Fourth

$ 44,400

1106 not available

3.0

1.0

56

12

3

1

117

Least expensive 25% of properties

Page 37 of 71

Monday February 20, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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

Median Price Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

7-day Average

90-day Average

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

First/Top

Page 38 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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

Price per Square Foot The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 39 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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

Market Action Index The MESA, 85210 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 33.13 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 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 40 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85210

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

Days on Market The properties have been on the market for an average of 137 days. Half of the listings have come newly on the market in the past 74 or so days.

7-day Average

90-day Average

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

First/Top

Page 41 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85201

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85201 this week is $79,900. The 55 properties have been on the market for an average of 132 days.

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.

$ 79,900

Average List Price

$ 133,481

±+

Asking Price Per Square Foot

$ 60

±+

Average Days on Market (DoM)

132

±+

Inventory of Properties Listed

55

±+

Most Expensive Listing

$ 599,000

Least Expensive Listing

$ 13,000

Average Age of Listing

41

Percent of Properties with Price Decrease

24 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

9%

Median House Size (sq ft)

1436

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

25.3

≠≠

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

$ 299,994

2724 not available

4.0

2.0

40

13

1

0

168

Most expensive 25% of properties

Upper/Second

$ 114,950

1561 not available

3.0

2.0

31

14

4

1

130

Upper-middle 25% of properties

Lower/Third

$ 74,000

1368 not available

3.0

2.0

43

14

2

3

143

Lower-middle 25% of properties

Bottom/Fourth

$ 43,450

1150 not available

3.0

2.0

58

14

0

0

89

Page 42 of 71

Monday February 20, 2012

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Median Price 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 43 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

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

7-day Average

Page 44 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Market Action Index The MESA, 85201 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.29 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 45 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85201

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

Days on Market The properties have been on the market for an average of 132 days. Half of the listings have come newly on the market in the past 84 or so days.

7-day Average

90-day Average

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

First/Top

Page 46 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85212

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85212 this week is $189,000. The 123 properties have been on the market for an average of 105 days.

Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market.

$ 189,000

Average List Price

$ 190,235

==

Asking Price Per Square Foot

$ 79

==

Average Days on Market (DoM)

105

==

Inventory of Properties Listed

123

==

Most Expensive Listing

$ 435,000

Least Expensive Listing

$ 75,000

Average Age of Listing

7

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

17 %

Median House Size (sq ft)

2234

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

21.3

±+

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

$ 249,495

3197 not available

4.0

3.0

4

30

4

0

113

Upper/Second

$ 199,900

2475 not available

4.0

3.0

6

31

3

0

98

Upper-middle 25% of properties

Lower/Third

$ 169,900

2070 not available

4.0

2.0

9

31

11

1

120

Lower-middle 25% of properties

Bottom/Fourth

$ 129,000

1600 not available

3.0

2.0

12

31

3

0

89

Page 47 of 71

Monday February 20, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

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 48 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

Price per Square Foot 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 49 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

Market Action Index The MESA, 85212 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.34. 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 50 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85212

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

Days on Market The properties have been on the market for an average of 105 days. Half of the listings have come newly on the market in the past 70 or so days.

7-day Average

90-day Average

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

First/Top

Page 51 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85202

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85202 this week is $135,000. The 41 properties have been on the market for an average of 101 days.

Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

$ 135,000

Average List Price

$ 133,016

==

Asking Price Per Square Foot

$ 77

==

Average Days on Market (DoM)

101

≠≠

Inventory of Properties Listed

41

≠≠

Most Expensive Listing

$ 280,000

Least Expensive Listing

$ 24,900

Average Age of Listing

35

Percent of Properties with Price Decrease

27 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

1682

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

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:

±+

== 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

$ 196,250

2148 not available

4.0

2.0

33

10

1

1

82

Upper/Second

$ 148,450

1792 not available

3.0

2.0

33

10

0

2

144

Upper-middle 25% of properties

Lower/Third

$ 117,500

1534 not available

3.0

2.0

36

10

0

3

120

Lower-middle 25% of properties

Bottom/Fourth

$ 75,000

1267 not available

3.0

2.0

37

11

0

2

63

Page 52 of 71

Monday February 20, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

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

7-day Average

90-day Average

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

First/Top

Page 53 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

Price per Square Foot 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 54 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

Market Action Index The MESA, 85202 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27.47 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile The lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels of demand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have a Market Action Index below 30 (Buyer's Market).

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 55 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85202

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

Days on Market The properties have been on the market for an average of 101 days. Half of the listings have come newly on the market in the past 42 or so days.

7-day Average

90-day Average

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

First/Top

Page 56 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85213

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85213 this week is $249,900. The 77 properties have been on the market for an average of 113 days.

Trend

Median List Price

$ 249,900

Average List Price

$ 340,152

Asking Price Per Square Foot

$ 90

±+

Average Days on Market (DoM)

113

≠≠

Inventory of Properties Listed

77

≠≠

Most Expensive Listing

Inventory is tightening and days-onmarket is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

$ 2,800,000

Least Expensive Listing

$ 54,800

Average Age of Listing

25

Percent of Properties with Price Decrease

31 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

1%

Median House Size (sq ft)

2656

Median Lot Size

Supply and Demand

≠≠

1.0 - 2.5 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Strong Buyer's

19.6

==

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

$ 550,000

4318

1.0 - 2.5 acres

5.0

4.0

11

19

1

4

170

Most expensive 25% of properties

Upper/Second

$ 339,900

3516 not available

4.0

3.0

24

19

2

1

112

Upper-middle 25% of properties

Lower/Third

$ 199,900

2413 not available

4.0

2.0

25

19

1

2

79

Lower-middle 25% of properties

Bottom/Fourth

$ 92,329

1310 not available

3.0

2.0

32

20

1

3

92

Least expensive 25% of properties

Page 57 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Median Price This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

7-day Average

90-day Average

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

First/Top

Page 58 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Price per Square Foot Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 59 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Market Action Index The MESA, 85213 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 19.60. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

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

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

Page 60 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85213

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

Days on Market The properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in the past 70 or so days.

7-day Average

90-day Average

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

First/Top

Page 61 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85203

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85203 this week is $119,000. The 67 properties have been on the market for an average of 114 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.

$ 119,000

Average List Price

$ 156,008

±+

Asking Price Per Square Foot

$ 68

±+

Average Days on Market (DoM)

114

≠≠

Inventory of Properties Listed

67

≠≠

Most Expensive Listing

$ 699,999

Least Expensive Listing

$ 35,900

Average Age of Listing

36

Percent of Properties with Price Decrease

28 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

9%

Median House Size (sq ft)

1777

Median Lot Size

Supply and Demand

Trend

Median List Price

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

24.1

±+

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

$ 310,000

3116 not available

4.0

3.0

28

16

0

1

194

Upper/Second

$ 139,000

1915 not available

3.0

2.0

38

17

5

3

44

Upper-middle 25% of properties

Lower/Third

$ 92,999

1504 not available

3.0

2.0

34

17

0

1

122

Lower-middle 25% of properties

Bottom/Fourth

$ 65,000

1453 not available

3.0

2.0

43

17

1

1

100

Least expensive 25% of properties

Page 62 of 71

Monday February 20, 2012

Most expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Median Price We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

7-day Average

90-day Average

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

First/Top

Page 63 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 64 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Market Action Index The MESA, 85203 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24.06 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 65 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85203

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

Days on Market The properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in the past 70 or so days.

7-day Average

90-day Average

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

First/Top

Page 66 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

MESA, AZ 85204

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

This Week

Real-Time Market Profile

The median list price in MESA, AZ 85204 this week is $89,500. The 97 properties have been on the market for an average of 96 days.

$ 89,500

Average List Price

$ 108,068 ±+

Average Days on Market (DoM)

96

≠≠

Inventory of Properties Listed

97

==

Most Expensive Listing

$ 629,900

Least Expensive Listing

$ 10,900

Average Age of Listing

34

Percent of Properties with Price Decrease

20 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

6%

Median House Size (sq ft)

1550

Median Lot Size

Supply and Demand

±+

$ 62

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

not available

Median Number of Bedrooms

3.0

Median Number of Bathrooms

2.0

Altos Research Value Statistics

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

Market Action Index

Buyer's Advantage

28.4

==

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

$ 152,996

1928 not available

4.0

2.0

29

24

8

5

75

Upper/Second

$ 100,900

1614 not available

3.0

2.0

32

24

3

8

120

Upper-middle 25% of properties

Lower/Third

$ 75,750

1286 not available

3.0

2.0

30

24

6

1

127

Lower-middle 25% of properties

Bottom/Fourth

$ 57,000

1268 not available

3.0

2.0

41

25

7

3

63

Page 67 of 71

Monday February 20, 2012

Most expensive 25% of properties

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Median Price Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

7-day Average

90-day Average

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

First/Top

Page 68 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Price per Square Foot The 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 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 69 of 71

90-day Average

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Market Action Index The MESA, 85204 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 28.37 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 70 of 71

Monday February 20, 2012


Single Family Homes in

Neighborhood Detail

MESA, AZ 85204

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

Days on Market The properties have been on the market for an average of 96 days. Half of the listings have come newly on the market in the past 63 or so days.

7-day Average

90-day Average

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

First/Top

Page 71 of 71

Second/Upper

Third/Lower

Monday February 20, 2012

Fourth/Bottom


Mesa Market