MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofOctober 15, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
APACHE JUNCTION, AZ
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APACHE JUNCTION, AZGOLD CANYON, AZ
Median List Price
Median Lot Size
19.9
Percent Relisted (reset DOM)
1824
2.0
11 %
Median Number of Bathrooms
160
Inventory of Properties Listed
$ 103
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 164,900
25 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
≠≠
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
10 43000
1342.0 12
2.0
13
167
3.0 107
146
12
6
10 - 20 acres
30
$ 130,900
2
9
107
3.0
not available
62.0
1212 10 - 20 acres
107
$ 78,000
3.0
196
10 - 20 acres$ 239,000
3.0$ 487,000
12
7
1902
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
106
1510
2.0
The median list price in APACHEJUNCTION, AZ this week is $164,900.The 427 properties have been on themarket for an average of 160 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
APACHEJUNCTION, AZ
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
427
$ 2,500,000
$ 15,000
$ 256,086
17
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday October 15, 2012
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesPrices 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 Second/Upper Third/Lower Fourth/Bottom
Page 3 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 4 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday October 15, 2012
Market Action IndexThe APACHE JUNCTION market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.93. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole groupchanges.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewAPACHE
JUNCTION, AZ
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 160 days. Half of the listings have come newly on the market in thepast 92 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
19.5
Percent Relisted (reset DOM)
1353
2.0
17 %
Median Number of Bathrooms
98
Inventory of Properties Listed
$ 76
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 99,900
27 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
≠≠
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
7 11967
972.0 21
2.5
0
98
3.0 26
90
2
3
10 - 20 acres
38
$ 89,900
0
2
26
2.0
10 - 20 acres
32.0
1031 not available
25
$ 57,500
3.0
107
not available$ 125,000
3.0$ 169,000
13
2
1424
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
25
1300
2.0
The median list price in APACHEJUNCTION, AZ 85120 this week is$99,900. The 102 properties havebeen on the market for an average of98 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
APACHEJUNCTION, AZ
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
102
$ 998,000
$ 30,000
$ 129,473
23
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday October 15, 2012
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 9 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday October 15, 2012
Market Action IndexThe APACHE JUNCTION, 85120 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 19.48. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 10 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 98 days. Half of the listings have come newly on the market in thepast 60 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
21.5
Percent Relisted (reset DOM)
1825
2.0
17 %
Median Number of Bathrooms
164
Inventory of Properties Listed
$ 85
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 146,950
22 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
==
≠≠
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
12 22696
1222.0 13
2.0
4
210
3.0 29
161
2
1
10 - 20 acres
22
$ 129,000
2
5
29
2.0
not available
22.0
1450 not available
29
$ 79,000
3.0
164
not available$ 168,900
3.0$ 365,500
16
2
2042
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
28
1709
1.0
The median list price in APACHEJUNCTION, AZ 85119 this week is$146,950. The 115 properties havebeen on the market for an average of164 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
APACHEJUNCTION, AZ 85119
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
115
$ 760,000
$ 15,000
$ 196,456
18
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 12 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday October 15, 2012
Median PriceIn the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday October 15, 2012
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 14 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday October 15, 2012
Market Action IndexThe APACHE JUNCTION, 85119 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 21.53. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 15 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85119
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 164 days. Half of the listings have come newly on the market in thepast 78 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
17.6
Percent Relisted (reset DOM)
2116
2.0
5 %
Median Number of Bathrooms
186
Inventory of Properties Listed
$ 129
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 269,000
25 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Strong Buyer's
==
==
==
≠≠
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
6 13513
1302.0 12
2.0
5
214
3.0 51
199
5
4
10 - 20 acres
14
$ 217,000
2
3
51
3.0
not available
12.0
1320 not available
51
$ 108,900
3.0
201
10 - 20 acres$ 345,000
3.5$ 677,000
12
1
2300
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
50
1850
2.0
The median list price in APACHEJUNCTION, AZ 85118 this week is$269,000. The 203 properties havebeen on the market for an average of186 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
APACHEJUNCTION, AZ 85118
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
203
$ 2,500,000
$ 52,900
$ 357,158
14
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 17 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday October 15, 2012
Median PricePrice trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen anice run recently.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 19 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday October 15, 2012
Market Action IndexThe APACHE JUNCTION, 85118 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.58. With several months of inventory available at the current sales rate, buyers should find amplechoice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 20 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailAPACHE
JUNCTION, AZ 85118
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in thepast 127 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 21 of 21
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
