chandler az market update october 2012
DESCRIPTION
The median list price in CHANDLER, AZ this week is $239,900. The 917 properties have been on the market for an average of 94 days.TRANSCRIPT
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]
CHANDLER, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Median List Price
Median Lot Size
26.0
Percent Relisted (reset DOM)
2045
2.0
9 %
Median Number of Bathrooms
94
Inventory of Properties Listed
$ 114
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 239,900
28 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
==
==
±+
±+
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 283541
762.0 17
3.0
36
89
3.0 229
93
31
28
10 - 20 acres
27
$ 199,500
32
33
230
3.0
6,501 -8,000 sqft
222.0
1374 not available
229
$ 129,000
4.0
118
6,501 -8,000 sqft$ 280,000
4.0$ 449,000
13
33
2368
With inventory, days-on-market, andthe Market Action Index all recentlyplateaued, the market is not sendingstrong directional signal for the near-term outlook.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
229
1789
2.0
The median list price in CHANDLER,AZ this week is $239,900. The 917properties have been on the marketfor an average of 94 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
917
$ 9,995,000
$ 39,900
$ 307,783
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 2 of 36
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 OverviewCHANDLER, AZ
Monday October 15, 2012
Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.
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
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 OverviewCHANDLER, 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 relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 36
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 OverviewCHANDLER, AZ
Monday October 15, 2012
Market Action IndexThe CHANDLER market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 26.01 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rateof demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than theothers. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on thepremium homes.
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 36
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 OverviewCHANDLER, AZ
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 94 days. Half of the listings have come newly on the market in thepast 57 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 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
33.3
Percent Relisted (reset DOM)
1529
2.0
11 %
Median Number of Bathrooms
78
Inventory of Properties Listed
$ 102
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 164,450
24 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
≠≠
==
==
±+
±+
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
15 22822
682.0 21
3.0
6
65
3.0 34
108
8
7
not available
29
$ 135,500
7
5
34
3.0
not available
92.0
1277 not available
34
$ 95,000
3.0
72
not available$ 189,900
4.0$ 294,450
17
6
1688
Inventory has been tightening butdays-on-market and the Market ActionIndex have been basically unchanged,not providing strong indication formarket conditions.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
34
1444
2.0
The median list price in CHANDLER,AZ 85225 this week is $164,450. The136 properties have been on themarket for an average of 78 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, AZ85225
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
136
$ 1,699,000
$ 39,900
$ 200,690
24
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 7 of 36
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 DetailCHANDLER, AZ
85225
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 in general 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 36
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 DetailCHANDLER, AZ
85225
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 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.
90-day Average7-day Average
Page 9 of 36
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 DetailCHANDLER, AZ
85225
Monday October 15, 2012
Market Action IndexThe CHANDLER, 85225 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 33.34 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileTwo of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current rateof demand. Notice that Quartiles 2 and 3 (the middle of the market) are showing stronger demand than either end, a Seller'smarket.
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 36
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 DetailCHANDLER, AZ
85225
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 78 days. Half of the listings have come newly on the market in thepast 50 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 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
27.3
Percent Relisted (reset DOM)
1684
2.0
8 %
Median Number of Bathrooms
109
Inventory of Properties Listed
$ 124
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 215,000
25 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
==
==
==
==
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
17 33050
952.0 22
3.0
6
89
3.0 19
137
2
2
not available
25
$ 176,900
4
1
19
3.0
not available
32.0
1356 not available
19
$ 140,000
3.0
113
6,501 -8,000 sqft$ 249,900
4.0$ 374,000
19
3
1922
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
19
1609
2.0
The median list price in CHANDLER,AZ 85226 this week is $215,000. The76 properties have been on themarket for an average of 109 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, AZ85226
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
76
$ 9,995,000
$ 110,000
$ 451,793
21
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 36
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 DetailCHANDLER, AZ
85226
Monday October 15, 2012
Median PriceDespite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's highpoint, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
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 36
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 DetailCHANDLER, AZ
85226
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 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.
90-day Average7-day Average
Page 14 of 36
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 DetailCHANDLER, AZ
85226
Monday October 15, 2012
Market Action IndexThe CHANDLER, 85226 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.28 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).
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 36
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 DetailCHANDLER, AZ
85226
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 109 days. Half of the listings have come newly on the market in thepast 74 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 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
23.7
Percent Relisted (reset DOM)
2818
2.0
11 %
Median Number of Bathrooms
106
Inventory of Properties Listed
$ 119
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 294,900
30 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
≠≠
==
==
==
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 94050
822.0 9
3.0
8
89
3.0 58
88
8
5
10 - 20 acres
12
$ 243,450
11
8
59
4.0
not available
93.0
1379 not available
58
$ 158,000
4.0
164
10 - 20 acres$ 348,500
5.0$ 567,325
9
5
3069
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
58
2188
2.0
The median list price in CHANDLER,AZ 85249 this week is $294,900. The233 properties have been on themarket for an average of 106 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, AZ85249
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
233
$ 1,995,000
$ 40,000
$ 345,190
10
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 36
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 DetailCHANDLER, AZ
85249
Monday October 15, 2012
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.
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 36
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 DetailCHANDLER, AZ
85249
Monday October 15, 2012
Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 19 of 36
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 DetailCHANDLER, AZ
85249
Monday October 15, 2012
Market Action IndexThe CHANDLER, 85249 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 23.70 so buyers should expect to find reasonable levels of selection.
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 36
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 DetailCHANDLER, AZ
85249
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 106 days. Half of the listings have come newly on the market in thepast 64 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 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
32.6
Percent Relisted (reset DOM)
1587
2.0
7 %
Median Number of Bathrooms
81
Inventory of Properties Listed
$ 94
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 152,450
21 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
≠≠
±+
±+
==
≠≠
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
22 42708
812.0 30
3.0
2
56
3.0 24
104
4
1
not available
30
$ 139,450
1
6
24
3.0
not available
52.0
1405 not available
23
$ 114,000
3.0
84
not available$ 175,000
4.0$ 280,000
26
4
1608
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
23
1511
2.0
The median list price in CHANDLER,AZ 85224 this week is $152,450. The94 properties have been on themarket for an average of 81 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, AZ85224
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
94
$ 977,500
$ 55,000
$ 193,253
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
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 DetailCHANDLER, AZ
85224
Monday October 15, 2012
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.
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 23 of 36
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 DetailCHANDLER, AZ
85224
Monday October 15, 2012
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 24 of 36
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 DetailCHANDLER, AZ
85224
Monday October 15, 2012
Market Action IndexThe CHANDLER, 85224 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 32.64 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lowest-end of this zip code (Quartile 4) is the only segment in the Buyer's Market zone with several months of inventorygiven the current levels of demand. The rest of the market is showing demand strength in the Seller's Market zone.
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 25 of 36
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 DetailCHANDLER, AZ
85224
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 81 days. Half of the listings have come newly on the market in thepast 46 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 26 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
22.2
Percent Relisted (reset DOM)
2032
2.0
8 %
Median Number of Bathrooms
95
Inventory of Properties Listed
$ 126
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 255,000
32 %
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
11 53147
702.0 20
2.0
6
118
2.0 63
91
9
3
not available
31
$ 225,000
4
13
64
3.0
6,501 -8,000 sqft
42.0
1489 not available
63
$ 141,900
3.0
102
6,501 -8,000 sqft$ 298,890
4.0$ 449,900
16
6
2202
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.
63
1873
2.0
The median list price in CHANDLER,AZ 85248 this week is $255,000. The253 properties have been on themarket for an average of 95 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, AZ85248
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
253
$ 5,500,000
$ 59,900
$ 320,641
19
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 27 of 36
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 DetailCHANDLER, AZ
85248
Monday October 15, 2012
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.
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 28 of 36
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 DetailCHANDLER, AZ
85248
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 29 of 36
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 DetailCHANDLER, AZ
85248
Monday October 15, 2012
Market Action IndexThe CHANDLER, 85248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 22.15. 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, 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 30 of 36
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 DetailCHANDLER, AZ
85248
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 95 days. Half of the listings have come newly on the market in thepast 50 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 31 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917
Median List Price
Median Lot Size
23.9
Percent Relisted (reset DOM)
2494
3.0
8 %
Median Number of Bathrooms
86
Inventory of Properties Listed
$ 116
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 292,000
30 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
==
==
±+
==
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 23834
1433.0 10
3.0
5
59
4.0 31
71
4
3
10 - 20 acres
12
$ 265,000
2
2
32
3.0
not available
63.0
1807 not available
31
$ 194,000
4.0
71
6,501 -8,000 sqft$ 325,000
5.0$ 474,700
11
5
2747
With inventory and days-on-marketbasically unchanged and the MarketAction Index increasing, the market isnot sending strong directional signalfor the near-term outlook.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
31
2192
2.0
The median list price in CHANDLER,AZ 85286 this week is $292,000. The125 properties have been on themarket for an average of 86 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, AZ85286
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
125
$ 945,000
$ 80,000
$ 327,115
11
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 32 of 36
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 DetailCHANDLER, AZ
85286
Monday October 15, 2012
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.
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 33 of 36
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 DetailCHANDLER, AZ
85286
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 relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 34 of 36
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 DetailCHANDLER, AZ
85286
Monday October 15, 2012
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 23.92 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
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 35 of 36
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 DetailCHANDLER, AZ
85286
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in thepast 50 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 36 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.KatyKatz.com | 602-618-0917