Monday May 3, 2010
Tamara Keilberg's Executive Summary
HURST, TX 76054 Single Family Homes
This Week The median list price in HURST, TX 76054 this week is $219,875.
Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 219,875 Asking Price Per Square Foot $ 90 Average Days on Market (DOM) 164 Percent of Properties with Price Decrease 42 % Percent Relisted (reset DOM) 4% Percent Flip (price increased) 3% Median House Size (sq ft) 2373 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0
== ±+ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
±+
No change
2.5
Strong Buyer's
19.4
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
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.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile Quartile
Median Price
Sq. Ft.
Top/First
$ 329,900
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3299
8,001 10,000 sqft
4.0
3.0
8
17
1
0
200
Most expensive 25% of properties
$ 242,400
2451
8,001 10,000 sqft
3.0
2.5
10
18
1
1
146
Upper-middle 25% of properties
Lower/Third
$ 199,900
2272
8,001 10,000 sqft
3.5
2.2
26
18
1
1
135
Lower-middle 25% of properties
Bottom/Fourth
$ 146,000
1782
8,001 10,000 sqft
3.0
2.0
40
18
0
1
180
Least expensive 25% of properties
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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