Kelli Grant Realty Group Market Report Executive Summary

Monday May 7, 2012

PHOENIX, AZ 85086
Single Family Homes

This Week
The median list price in PHOENIX, AZ 85086 this week is $259,000. The Market Action Index has been climbing lately while days-onmarket are trending down, these point to a positive near-term outlook for the market.

Real-Time Market Profile Median List Price $ 259,000 Asking Price Per Square Foot $ 102 Average Days on Market (DOM) 122 Percent of Properties with Price Decrease 27 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 6% Median House Size (sq ft) 2575 Median Lot Size 2.5 - 5.0 acres Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 2.0 22.3

Trend + +

Supply and Demand

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

==

No change

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

Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Action Index

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
1.0 - 2.5 acres 2.5 - 5.0 acres 2.5 - 5.0 acres

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

$ 467,000 $ 310,000 $ 224,900 $ 160,000

3552 2670 2400

4.0 4.0 4.0 3.0

3.0 2.8 3.0 2.0

8 9 10 9

66 67 67 67

6 6 6 4

7 8 6 5

166 116 108 101

1906 not available

Kelli Grant Group | www.PhoenixHomeResource.com

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