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Yolanda Smith Realty Group's MARKET UPDATE PARADISE VALLEY, AZ 85253

· 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 September 10, 2012

· Presented by Yolanda Smith Realty Group Yolanda Smith Realty Group www.YSRealty.com 602-740-4770

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


Neighborhood Detail

Single Family Homes in

PARADISE VALLEY, AZ 85253

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

This Week

Real-Time Market Profile

The median list price in PARADISE VALLEY, AZ 85253 this week is $1,897,450. The 250 properties have been on the market for an average of 244 days.

$ 1,897,450

Average List Price

$ 2,537,871 ±+

Average Days on Market (DoM)

244

==

Inventory of Properties Listed

250

±+

Most Expensive Listing

$ 20,000,000

Least Expensive Listing

$ 13,000

Average Age of Listing

23

Percent of Properties with Price Decrease

33 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

5621

Median Lot Size

Supply and Demand

≠≠

$ 369

Asking Price Per Square Foot

Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.

Trend

Median List Price

10 - 20 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

5.0

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

17.2

±+

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

Trend Key:

±+

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

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 4,272,500

9297 10 - 20 acres

5.0

7.0

7

62

5

7

326

Most expensive 25% of properties

Upper/Second

$ 2,399,500

6042 not available

5.0

6.0

14

62

6

4

242

Upper-middle 25% of properties

Lower/Third

$ 1,500,000

4426 10 - 20 acres

4.0

4.5

27

63

5

4

185

Lower-middle 25% of properties

Bottom/Fourth

$ 899,000

3413 10 - 20 acres

4.0

3.0

41

63

2

4

223

Least expensive 25% of properties

Page 2 of 6

Monday September 10, 2012


Single Family Homes in

Neighborhood Detail

PARADISE VALLEY, AZ 85253

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Median Price Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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 3 of 6

Second/Upper

Third/Lower

Monday September 10, 2012

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

PARADISE VALLEY, AZ 85253

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

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 4 of 6

90-day Average

Monday September 10, 2012


Single Family Homes in

Neighborhood Detail

PARADISE VALLEY, AZ 85253

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Market Action Index The PARADISE VALLEY, 85253 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.15. 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 5 of 6

Monday September 10, 2012


Single Family Homes in

Neighborhood Detail

PARADISE VALLEY, AZ 85253

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Days on Market The properties have been on the market for an average of 244 days. Half of the listings have come newly on the market in the past 169 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 6

Second/Upper

Third/Lower

Monday September 10, 2012

Fourth/Bottom


Yolanda Smith Paradise Valley Market Report 091012