Prudential Texas Properties Executive Summary

Monday August 27, 2012

GRAPEVINE, TX
Single Family Homes

This Week
The median list price in GRAPEVINE, TX this week is $255,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Real-Time Market Profile Median List Price $ 255,000 Asking Price Per Square Foot $ 110 Average Days on Market (DOM) 107 Percent of Properties with Price Decrease 45 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 5% Median House Size (sq ft) 2340 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0 Median Number of Bathrooms Market Action Index Buyer's Advantage 2.5 23.2

Trend ==

Supply and Demand

The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

No change

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

Price
Market Action Index
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
0.25 - 0.50 acre 8,001 10,000 sqft 8,001 10,000 sqft 8,001 10,000 sqft

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 409,450 $ 281,400 $ 219,900 $ 169,000

3432 2618 2070 1586

4.0 4.0 3.0 3.0

3.5 2.5 2.5 2.0

12 20 26 33

34 34 34 35

2 3 6 12

1 7 7 2

134 125 66 101

Prudential Texas Properties

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