Chandler Market Report

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 ofMarch 19, 2012

· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]

CHANDLER, AZ

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

Median List Price

Median Lot Size

22.1

Percent Relisted (reset DOM)

2024

2.0

6 %

Median Number of Bathrooms

123

Inventory of Properties Listed

$ 101

Percent Flip (price increased)

2.5 - 5.0 acres

Median House Size (sq ft)

$ 210,000

31 %

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

9 153435

1142.0 16

3.0

23

138

3.0 254

108

25

34

2.5 - 5.0acres

27

$ 173,450

22

23

254

3.0

not available

302.0

1354 not available

254

$ 110,000

3.0

132

0.50 - 1.0acre$ 254,900

4.0$ 415,990

13

24

2323

The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.

Monday March 19, 2012

David Dion | Solutions Real Estate | 480-332-5942 | www.

253

1818

2.0

The median list price in CHANDLER,AZ this week is $210,000. The 1015properties have been on the marketfor an average of 123 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±+

== ≠≠

≠=

CHANDLER, AZCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

1015

$ 7,200,000

$ 19,000

$ 281,148

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 36

Single Family Homes in


City OverviewCHANDLER, AZ


Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.

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 36





Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 36





Market Action IndexThe CHANDLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 22.14. 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.


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 36





Days on MarketThe properties have been on the market for an average of 123 days. Half of the listings have come newly on the market in thepast 63 or so days.


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.


Page 6 of 36


Median List Price

Median Lot Size

25.9


1628

2.0

10 %


106


$ 81


not available


$ 129,000

17 %

3.0

Market Action Index



n/a


Buyer's Advantage

±+

±+

±+

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


16 32285

1052.0 24

3.0

2

97

3.0 37

116

6

5

not available

28

$ 116,000

4

1

38

2.0

not available

82.0

1340 not available

37

$ 89,450

3.0

104

not available$ 144,900

4.0$ 218,000

19

5

1625




37

1454

2.0

The median list price in CHANDLER,AZ 85225 this week is $129,000. The149 properties have been on themarket for an average of 106 days.






No change



== ≠≠

≠=

CHANDLER, AZ85225

Neighborhood Detail


Average List Price


149

$ 1,399,000

$ 48,900

$ 161,575

25

Trend Key:


Page 7 of 36



Neighborhood DetailCHANDLER, AZ

85225


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.


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.


Page 8 of 36




85225






Page 9 of 36




85225


Market Action IndexThe CHANDLER, 85225 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 25.95 so buyers should expect to find reasonable levels of selection.


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.




Page 10 of 36




85225






Page 11 of 36


Median List Price

Median Lot Size

22.3


1876

2.0

8 %


126


$ 101


not available


$ 190,000

24 %

3.0

Market Action Index



n/a


Strong Buyer's

==

==

±+

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


18 13621

1162.0 20

3.0

4

85

3.0 27

130

2

5

not available

26

$ 160,000

4

4

27

3.0

not available

52.0

1356 not available

26

$ 125,000

4.0

175


4.5$ 424,900

18

4

1972

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.



26

1691

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85226

Neighborhood Detail


Average List Price


106

$ 7,200,000

$ 19,000

$ 392,488

21

Trend Key:


Page 12 of 36




85226


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.




Page 13 of 36




85226


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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.


Page 14 of 36




85226


Market Action IndexThe CHANDLER, 85226 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 22.27. With several months of inventory available at the current sales rate, buyers should find ample choice.






Page 15 of 36




85226






Page 16 of 36


Median List Price

Median Lot Size

20.6


2425

2.0

7 %


134


$ 111


2.5 - 5.0 acres


$ 244,900

36 %

4.0

Market Action Index



n/a


Strong Buyer's

≠≠

±+

≠≠

±+

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 24091

1172.0 9

2.0

6

113

3.0 63

148

6

6

2.5 - 5.0acres

16

$ 209,500

3

6

64

4.0

not available

63.0

1017 not available

63

$ 129,950

4.0

158


5.0$ 498,500

8

3

2852

The Market Action Index has beentrending down lately, indicatingdemand falling along with supply.Conditions point to mildly negativetrends for the market.



63

2125

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85249

Neighborhood Detail


Average List Price


253

$ 2,299,000

$ 60,000

$ 302,933

10

Trend Key:


Page 17 of 36




85249


Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.




Page 18 of 36




85249


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 19 of 36




85249








Page 20 of 36




85249






Page 21 of 36


Median List Price

Median Lot Size

30.9


1556

2.0

5 %


103


$ 81


not available


$ 127,450

17 %

3.0

Market Action Index



n/a


Seller's Advantage

±+

≠≠

±+

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


24 42143

802.0 29

3.0

3

107

3.0 21

107

3

3

not available

29

$ 119,900

1

2

21

2.0

not available

22.0

1284 not available

20

$ 85,000

3.0

118


4.0$ 212,950

28

0

1537

The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.



20

1452

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85224

Neighborhood Detail


Average List Price


82

$ 585,000

$ 55,000

$ 146,999

27

Trend Key:

In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.

Page 22 of 36




85224


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.




Page 23 of 36




85224


Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.




Page 24 of 36




85224


Market Action IndexThe CHANDLER, 85224 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 30.93 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.


Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 3 (the low-middle price group) is showing stronger demand than the others, a Seller's market.




Page 25 of 36




85224






Page 26 of 36


Median List Price

Median Lot Size

18.2


2132

2.0

4 %


136


$ 121


2.5 - 5.0 acres


$ 259,000

42 %

3.0

Market Action Index



n/a


Strong Buyer's

±+

±+

±+

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


10 53171

1152.0 18

2.0

4

209

2.0 77

113

2

6

2.5 - 5.0acres

30

$ 227,000

7

7

77

3.0

not available

62.0

1456 not available

77

$ 124,000

3.0

107


4.0$ 442,450

15

10

2325




76

1841

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85248

Neighborhood Detail


Average List Price


307

$ 6,900,000

$ 39,900

$ 315,136

18

Trend Key:


Page 27 of 36




85248


Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.




Page 28 of 36




85248






Page 29 of 36




85248








Page 30 of 36




85248






Page 31 of 36


Median List Price

Median Lot Size

25.9


2587

2.0

5 %


100


$ 101


0.50 - 1.0 acre


$ 261,152

21 %

4.0

Market Action Index



n/a


Buyer's Advantage

±+

==

±+

≠≠

±+




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


11 43326

732.0 10

3.0

3

145

4.0 30

102

7

3

not available

12

$ 220,000

3

4

30

3.0

0.50 - 1.0acre

43.0

1661 not available

29

$ 148,700

4.0

82


4.0$ 395,000

8

4

2878

The Market Action Index has beenbasically flat recently, and days-on-market decreasing, there are notstrong signals for the direction of themarket.



29

2254

2.0







No change



== ≠≠

≠=

CHANDLER, AZ85286

Neighborhood Detail


Average List Price


118

$ 1,150,000

$ 89,900

$ 290,208

10

Trend Key:


Page 32 of 36




85286


Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.




Page 33 of 36




85286


Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.




Page 34 of 36




85286


Market Action IndexThe CHANDLER, 85286 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 25.92 so buyers should expect to find reasonable levels of selection.






Page 35 of 36




85286






Page 36 of 36


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