combined report 5/3/10

6 05988

2193.5 17

4.0

4

270

4.0 68

171

2

4

0.50 - 1.0acre

22

$ 479,950

3

2

68

5.5

0.25 - 0.50acre

34.5

3026 0.25 - 0.50acre

68

$ 349,450

4.0

332

0.50 - 1.0acre$ 695,000

5.0$ 1,050,000

10

7

4846

In this zip code this week saw relatively little price change fromlast week. However, we continue to demonstrate a nice up trendover the last several weeks.

Home sales have been exceeding new inventory for several weeks.While still a Buyer's market, prices seem to have responded bymoving upward. If the demand trends continue, expect prices tokeep marching upward, especially once we see a Seller's Market.

Demand measured by the Market Action Index is increasing anddays-on-market is trending downward. Even as more propertiescome available, these are positive trends for the market.

COLLEYVILLE, TX 76034Tamara Keilberg'sExecutive Summary

67

3910

3.0

Monday May 3, 2010

The median list price in COLLEYVILLE, TX 76034 this week is$575,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

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.

Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

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

Single Family Homes

Median Lot Size

15.3

Percent Relisted (reset DOM)

4155

4.0

3 %

Median Number of Bathrooms

248

Median List Price

Average Days on Market (DOM)$ 134

Percent Flip (price increased)

0.50 - 1.0 acreMedian House Size (sq ft)

$ 575,000

37 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %Percent of Properties with Price Decrease

Strong Buyer's

==

≠≠

≠≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" By measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

MARKET UPDATETamara Keilberg's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofMay 03, 2010

· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - [email protected]

COLLEYVILLE, TX

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

Median List Price

Median Lot Size

15.3


4155

4.0

3 %


248

Inventory of Properties Listed

$ 134


0.50 - 1.0 acre

Median House Size (sq ft)

$ 575,000

37 %

4.0

Market Action Index



10 %

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 05988

2193.5 17

4.0

4

270

4.0 68

171

2

4

0.50 - 1.0acre

22

$ 479,950

3

2

68

5.5

0.25 - 0.50acre

34.5

3026 0.25 - 0.50acre

68

$ 349,450

4.0

332

0.50 - 1.0acre$ 695,000

5.0$ 1,050,000

10

7

4846

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 May 3, 2010


67

3910

3.0

The median list price in COLLEYVILLE,TX this week is $575,000. The 271properties have been on the marketfor an average of 248 days.






No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

COLLEYVILLE, TXCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

271

$ 8,950,000

$ 159,900

$ 756,861

14

Trend Key:

The market has been consistentlycool for several weeks. Demandlevel are low relative to theavailable inventory. It's a Buyer'smarket and prices continue to fall.Look for a persistent shift in MarketAction before prices plateau or beginto rise again.

Page 2 of 6

Single Family Homes in


City OverviewCOLLEYVILLE, TX

Monday May 3, 2010

Median PriceThis week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over thelast several weeks.

90-day Average7-day Average

Quartile PricesMost of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market isstill on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-locationvariables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6




Monday May 3, 2010

Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.


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 4 of 6




Monday May 3, 2010

Market Action IndexThe COLLEYVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.28. 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 group


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.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

Page 5 of 6




Monday May 3, 2010

Days on MarketThe properties have been on the market for an average of 248 days. Half of the listings have come newly on the market in thepast 182 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 6


4 36490

1944.0 13

4.0

4

276

4.0 86

201

3

5

1.0 - 2.5acres

16

$ 562,500

2

2

86

6.0

0.50 - 1.0acre

34.5

3434 0.25 - 0.50acre

85

$ 429,000

5.0

352

0.25 - 0.50acre$ 759,000

5.0$ 1,450,000

6

5

4981

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

The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.

Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.

SOUTHLAKE, TX 76092Tamara Keilberg'sExecutive Summary

85

4170

3.2

Monday May 3, 2010

The median list price in SOUTHLAKE, TX 76092 this week is$653,250.










≠=


Single Family Homes

Median Lot Size

13.5


4420

4.0

2 %


255

Median List Price




$ 653,250

35 %

5.0

Market Action Index




Strong Buyer's

±+

≠≠

≠≠

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









SOUTHLAKE, TX


Median List Price

Median Lot Size

13.5


4420

4.0

2 %


255


$ 149


0.50 - 1.0 acre


$ 653,250

35 %

5.0

Market Action Index



6 %


Strong Buyer's

==

±+

≠≠

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 36490

1944.0 13

4.0

4

276

4.0 86

201

3

5

1.0 - 2.5acres

16

$ 562,500

2

2

86

6.0

0.50 - 1.0acre

34.5

3434 0.25 - 0.50acre

85

$ 429,000

5.0

352

0.25 - 0.50acre$ 759,000

5.0$ 1,450,000

6

5

4981

Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.

Monday May 3, 2010


85

4170

3.2

The median list price in SOUTHLAKE,TX this week is $653,250. The 342properties have been on the marketfor an average of 255 days.






No change



== ≠≠

≠=

SOUTHLAKE, TXCity Overview


Average List Price


342

$ 5,595,000

$ 130,550

$ 882,812

11

Trend Key:


Page 2 of 6



City OverviewSOUTHLAKE, TX

Monday May 3, 2010

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


Quartile PricesWhile prices at the lower end of the market has been in a down-trend lately, the upper half of the market has not. Quartile 1has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trendof the rest of the market.


Page 3 of 6




Monday May 3, 2010

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.




Page 4 of 6




Monday May 3, 2010

Market Action IndexThe SOUTHLAKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.48. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6




Monday May 3, 2010





Page 6 of 6


5 15846

2052.5 14

3.0

6

213

4.0 81

122

4

8

0.50 - 1.0acre

8

$ 287,000

6

1

81

5.5

0.25 - 0.50acre

34.0

1832 4,501 -6,500 sqft

80

$ 149,900

4.0

414

0.25 - 0.50acre$ 489,450

5.0$ 1,477,000

6

10

4068

Price trends in this zip code continued their recent uptrend thisweek. While still below the market's high point, we've seen anice run recently.

Home sales have been exceeding new inventory for several weeks.While still a Buyer's market, prices seem to have responded bymoving upward. If the demand trends continue, expect prices tokeep marching upward, especially once we see a Seller's Market.

Inventory is tightening and days-on-market is falling. The MarketAction Index shows demand heating up. These are relatively bullishsigns for prices.

ROANOKE, TX 76262 -Tamara Keilberg'sExecutive Summary

80

2907

2.0

Monday May 3, 2010

The median list price in ROANOKE, TX 76262 - Westlake this weekis $377,194.










≠=


Single Family Homes

Median Lot Size

15.8


3307

3.5

7 %


238

Median List Price




$ 377,194

34 %

4.0

Market Action Index




Strong Buyer's

==

==

≠≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









ROANOKE, TX


Median List Price

Median Lot Size

15.8


3307

3.5

7 %


238


$ 113


0.25 - 0.50 acre


$ 377,194

34 %

4.0

Market Action Index



8 %


Strong Buyer's

≠≠

==

==

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 15846

2052.5 14

3.0

6

213

4.0 81

122

4

8

0.50 - 1.0acre

8

$ 287,000

6

1

81

5.5

0.25 - 0.50acre

34.0

1832 4,501 -6,500 sqft

80

$ 149,900

4.0

414

0.25 - 0.50acre$ 489,450

5.0$ 1,477,000

6

10

4068

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.

Monday May 3, 2010


80

2907

2.0

The median list price in ROANOKE, TXthis week is $377,194. The 322properties have been on the marketfor an average of 238 days.






No change



== ≠≠

≠=

ROANOKE, TXCity Overview


Average List Price


322

$ 9,000,000

$ 68,500

$ 714,214

10

Trend Key:

Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.

Page 2 of 6



City OverviewROANOKE, TX

Monday May 3, 2010

Median PricePrice trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice runrecently.


Quartile PricesPricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are up while Quartiles 3 and 1 arebasically flat in recent weeks. Watch for persistent shifts in the Market Action Index for a leading indicator of stronger pricemoves in the market as a whole.


Page 3 of 6




Monday May 3, 2010

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.


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 4 of 6




Monday May 3, 2010

Market Action IndexThe ROANOKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.79. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6




Monday May 3, 2010





Page 6 of 6


4 63362

662.0 5

3.0

8

71

4.0 161

74

10

6

8,001 -10,000 sqft

6

$ 160,000

10

10

162

3.0

4,501 -6,500 sqft

122.5

1857 4,501 -6,500 sqft

161

$ 139,900

4.0

88

6,501 -8,000 sqft$ 189,900

4.0$ 270,000

5

12

2593

Prices in this zip code have been on a downward trend recentlyand this week, while essentially flat, doesn't break us out of thatcycle.

The market has been consistently cool for several weeks. Demandlevel are low relative to the available inventory. It's a Buyer'smarket and prices continue to fall. Look for a persistent shift inMarket Action before prices plateau or begin to rise again.

The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.

KELLER, TX 76244Tamara Keilberg'sExecutive Summary

161

2190

2.0

Monday May 3, 2010

The median list price in KELLER, TX 76244 this week is $174,900.










≠=


Single Family Homes

Median Lot Size

17.5


2410

2.5

4 %


75

Median List Price



4,501 - 6,500 sqftMedian House Size (sq ft)

$ 174,900

41 %

4.0

Market Action Index




Strong Buyer's

≠≠

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





6 34228

2063.0 12

3.0

3

204

4.0 101

226

4

5

0.25 - 0.50acre

10

$ 268,000

4

5

101

4.0

8,001 -10,000 sqft

43.5

1921 6,501 -8,000 sqft

101

$ 157,500

4.0

221

0.25 - 0.50acre$ 349,900

4.0$ 522,495

9

3

3433

Prices in this zip code seem to have plateaued here at the alltime high. When we see these conditions, we pay close attentionto the Market Action Index to gauge the leading indicators andwhether prices will fall from here.

The market has been consistently cool for several weeks. Demandlevel are low relative to the available inventory. It's a Buyer'smarket and prices continue to fall. Look for a persistent shift inMarket Action before prices plateau or begin to rise again.


KELLER, TX 76248Tamara Keilberg'sExecutive Summary

100

2951

2.0

Monday May 3, 2010

The median list price in KELLER, TX 76248 this week is $299,900.










≠=


Single Family Homes

Median Lot Size

16.4


3155

3.0

3 %


214

Median List Price




$ 299,900

41 %

4.0

Market Action Index




Strong Buyer's

≠≠

±+

≠≠

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









KELLER, TX


Median List Price

Median Lot Size

17.1


2656

2.5

4 %


129


$ 82


6,501 - 8,000 sqft


$ 203,050

41 %

4.0

Market Action Index



7 %


Strong Buyer's

==

≠≠

≠≠

±+

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 93793

952.5 5

3.0

14

132

4.0 262

99

11

12

0.25 - 0.50acre

6

$ 175,000

14

14

262

3.5

4,501 -6,500 sqft

143.0

1845 4,501 -6,500 sqft

262

$ 140,000

4.0

191

8,001 -10,000 sqft$ 249,900

4.0$ 389,900

6

15

2930

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.

Monday May 3, 2010


262

2414

2.0

The median list price in KELLER, TXthis week is $203,050. The 1048properties have been on the marketfor an average of 129 days.






No change



== ≠≠

≠=

KELLER, TXCity Overview


Average List Price


1048

$ 2,000,000

$ 69,900

$ 251,060

8

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

Page 2 of 16



City OverviewKELLER, TX

Monday May 3, 2010

Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.


Quartile PricesPrice at the upper end of the market are showing signs of strength. While this strength hasn't percolated through to Quartiles 3and 4 yet, expect the low end of the market to follow up.


Page 3 of 16




Monday May 3, 2010

Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.




Page 4 of 16




Monday May 3, 2010

Market Action IndexThe KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 17.12. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16




Monday May 3, 2010





Page 6 of 16


Median List Price

Median Lot Size

16.4


3155

3.0

3 %


214


$ 96


0.25 - 0.50 acre


$ 299,900

41 %

4.0

Market Action Index



8 %


Strong Buyer's

==

≠≠

±+

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 34228

2063.0 12

3.0

3

204

4.0 101

226

4

5

0.25 - 0.50acre

10

$ 268,000

4

5

101

4.0

8,001 -10,000 sqft

43.5

1921 6,501 -8,000 sqft

101

$ 157,500

4.0

221

0.25 - 0.50acre$ 349,900

4.0$ 522,495

9

3

3433


Monday May 3, 2010


100

2951

2.0

The median list price in KELLER, TX76248 this week is $299,900. The 403properties have been on the marketfor an average of 214 days.






No change



== ≠≠

≠=

KELLER, TX 76248Neighborhood Detail


Average List Price


403

$ 2,000,000

$ 69,900

$ 340,649

12

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

Page 7 of 16



Neighborhood DetailKELLER, TX 76248

Monday May 3, 2010

Median PricePrices in this zip code seem to have plateaued here at the all time high. When we see these conditions, we pay close attentionto the Market Action Index to gauge the leading indicators and whether prices will fall from here.


Quartile PricesIn most of the quartile market segments, we see prices in this zip code showing strength. Only Quartile 4 is in a price decline.Typically this condition is temporary because price increases at the upper end of the market force buyers to consider thesegments still in their price range. Watch the Market Action Index to determine whether demand in Quartile 4 will begin toreverse the trend and push prices higher here too.


Page 8 of 16




Monday May 3, 2010

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 9 of 16




Monday May 3, 2010

Market Action IndexThe KELLER, 76248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.36. With several months of inventory available at the current sales rate, buyers should find ample choice.


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 16




Monday May 3, 2010





Page 11 of 16


Median List Price

Median Lot Size

17.5


2410

2.5

4 %


75


$ 77


4,501 - 6,500 sqft


$ 174,900

41 %

4.0

Market Action Index



6 %


Strong Buyer's

==

≠≠

±+

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 63362

662.0 5

3.0

8

71

4.0 161

74

10

6

8,001 -10,000 sqft

6

$ 160,000

10

10

162

3.0

4,501 -6,500 sqft

122.5

1857 4,501 -6,500 sqft

161

$ 139,900

4.0

88

6,501 -8,000 sqft$ 189,900

4.0$ 270,000

5

12

2593

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.

Monday May 3, 2010


161

2190

2.0

The median list price in KELLER, TX76244 this week is $174,900. The 645properties have been on the marketfor an average of 75 days.






No change



== ≠≠

≠=

KELLER, TX 76244Neighborhood Detail


Average List Price


645

$ 640,000

$ 109,900

$ 195,084

5

Trend Key:


Page 12 of 16




Monday May 3, 2010

Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 1 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


Page 13 of 16




Monday May 3, 2010

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 14 of 16




Monday May 3, 2010

Market Action IndexThe KELLER, 76244 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.54. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16




Monday May 3, 2010





Page 16 of 16


8 03299

1352.2 26

3.0

1

146

3.5 18

180

1

1

8,001 -10,000 sqft

40

$ 199,900

0

1

18

3.0

8,001 -10,000 sqft

12.5

1782 8,001 -10,000 sqft

18

$ 146,000

3.0

200

8,001 -10,000 sqft$ 242,400

4.0$ 329,900

10

1

2451

In this zip code this week saw relatively little price change fromlast week. However, we continue to demonstrate a nice up trendin general over the last several weeks.

In terms of supply and demand, the market is getting cooler - moresupply is coming on the market relative to the sales demand.However, in recent weeks prices have been moving higher. Since it istechnically a Buyer's market, this price trend may be a result ofimproved quality (newer, larger homes) of the homes being listed.Look at the descriptive statistics where you may notice the homesbeing listed are larger and younger than they have been in the past.


HURST, TX 76054Tamara Keilberg'sExecutive Summary

17

2272

2.0

Monday May 3, 2010

The median list price in HURST, TX 76054 this week is $219,875.










≠=


Single Family Homes

Median Lot Size

19.4


2373

2.5

3 %


164

Median List Price




$ 219,875

42 %

3.0

Market Action Index




Strong Buyer's

==

±+

≠≠

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









HURST, TX


Median List Price

Median Lot Size

19.8


1947

2.0

4 %


148


$ 82


8,001 - 10,000 sqft


$ 149,900

41 %

3.0

Market Action Index



6 %


Strong Buyer's

==

±+

±+

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


10 22671

1162.0 44

3.0

7

159

3.0 46

133

5

5

8,001 -10,000 sqft

51

$ 129,900

11

2

46

2.5

8,001 -10,000 sqft

32.0

1327 8,001 -10,000 sqft

46

$ 93,950

3.0

183

8,001 -10,000 sqft$ 174,950

4.0$ 269,950

23

3

2112


Monday May 3, 2010


46

1624

2.0

The median list price in HURST, TXthis week is $149,900. The 184properties have been on the marketfor an average of 148 days.






No change



== ≠≠

≠=

HURST, TXCity Overview


Average List Price


184

$ 636,000

$ 48,000

$ 171,912

31

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

Page 2 of 16



City OverviewHURST, TX

Monday May 3, 2010

Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.


Quartile PricesPricing is on a slightly negative trend lately. Prices in Quartile 4 and 1 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.


Page 3 of 16




Monday May 3, 2010

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.




Page 4 of 16




Monday May 3, 2010

Market Action IndexThe HURST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 19.76. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16




Monday May 3, 2010





Page 6 of 16


Median List Price

Median Lot Size

19.4


2373

2.5

3 %


164


$ 90


8,001 - 10,000 sqft


$ 219,875

42 %

3.0

Market Action Index



4 %


Strong Buyer's

==

==

±+

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 03299

1352.2 26

3.0

1

146

3.5 18

180

1

1

8,001 -10,000 sqft

40

$ 199,900

0

1

18

3.0

8,001 -10,000 sqft

12.5

1782 8,001 -10,000 sqft

18

$ 146,000

3.0

200

8,001 -10,000 sqft$ 242,400

4.0$ 329,900

10

1

2451


Monday May 3, 2010


17

2272

2.0

The median list price in HURST, TX76054 this week is $219,875. The 71properties have been on the marketfor an average of 164 days.






No change



== ≠≠

≠=

HURST, TX 76054Neighborhood Detail


Average List Price


71

$ 636,000

$ 112,900

$ 233,387

23

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

Page 7 of 16



Neighborhood DetailHURST, TX 76054

Monday May 3, 2010

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.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


Page 8 of 16




Monday May 3, 2010

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 9 of 16




Monday May 3, 2010

Market Action IndexThe HURST, 76054 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.42. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 10 of 16




Monday May 3, 2010





Page 11 of 16


Median List Price

Median Lot Size

19.1


1723

2.0

4 %


137


$ 76


8,001 - 10,000 sqft


$ 119,900

41 %

3.0

Market Action Index



7 %


Strong Buyer's

==

≠≠

==

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 22398

792.0 48

3.0

7

142

3.0 28

160

4

2

8,001 -10,000 sqft

54

$ 114,200

7

4

29

2.0

8,001 -10,000 sqft

32.0

1242 8,001 -10,000 sqft

28

$ 80,000

3.0

166

6,501 -8,000 sqft$ 138,700

4.0$ 192,450

32

3

1790

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.

Monday May 3, 2010


28

1502

1.5

The median list price in HURST, TX76053 this week is $119,900. The 113properties have been on the marketfor an average of 137 days.






No change



== ≠≠

≠=

HURST, TX 76053Neighborhood Detail


Average List Price


113

$ 317,500

$ 48,000

$ 133,287

37

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However because of excessinventory, prices have not yetstopped falling. Should the salestrend continue, expect prices tolevel off soon and potentially toresume their climb from there.Watch prices as the markettransitions from a Buyer's market toa Seller's market.

Page 12 of 16




Monday May 3, 2010

Median PriceAgain this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. At thispoint, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


Page 13 of 16




Monday May 3, 2010

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.




Page 14 of 16




Monday May 3, 2010

Market Action IndexThe HURST, 76053 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.07. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16




Monday May 3, 2010





Page 16 of 16


5 23498

1372.0 39

3.0

0

150

3.0 35

149

3

2

0.25 - 0.50acre

51

$ 124,900

2

0

35

3.2

8,001 -10,000 sqft

02.5

1393 8,001 -10,000 sqft

35

$ 87,977

3.0

247

8,001 -10,000 sqft$ 223,990

4.0$ 339,250

7

3

2658

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

The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.


NORTH RICHLAND HILLS,Tamara Keilberg'sExecutive Summary

34

1721

2.0

Monday May 3, 2010

The median list price in NORTH RICHLAND HILLS, TX 76180 thisweek is $150,000.










≠=


Single Family Homes

Median Lot Size

18.4


2082

2.0

3 %


171

Median List Price




$ 150,000

38 %

3.0

Market Action Index




Strong Buyer's

±+

≠≠

≠≠

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









NORTH RICHLANDHILLS, TX


Median List Price

Median Lot Size

17.9


2249

2.5

5 %


128


$ 88


8,001 - 10,000 sqft


$ 199,000

40 %

3.0

Market Action Index



8 %


Strong Buyer's

==

±+

≠≠

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 43845

1202.0 26

3.0

7

124

3.0 76

105

3

8

0.25 - 0.50acre

39

$ 149,948

9

1

77

3.5

8,001 -10,000 sqft

62.8

1441 8,001 -10,000 sqft

76

$ 97,500

4.0

161

8,001 -10,000 sqft$ 265,325

4.0$ 399,250

7

8

2763

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 May 3, 2010


76

1926

2.0

The median list price in NORTHRICHLAND HILLS, TX this week is$199,000. The 305 properties havebeen on the market for an average of128 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX

City Overview


Average List Price


305

$ 1,750,000

$ 59,000

$ 238,599

21

Trend Key:


Page 2 of 16



City OverviewNORTH RICHLAND

HILLS, TX

Monday May 3, 2010

Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.


Quartile PricesPricing trends have been lacking strong directional indication lately. Only Quartile 3 is trending higher. Look to the MarketAction Index for persistent changes (up or down) as a leading indicator for the significant price changes.


Page 3 of 16




HILLS, TX

Monday May 3, 2010





Page 4 of 16




HILLS, TX

Monday May 3, 2010

Market Action IndexThe NORTH RICHLAND HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.89. With several months of inventory available at the current sales rate, buyers should find amplechoice.







Page 5 of 16




HILLS, TX

Monday May 3, 2010





Page 6 of 16


Median List Price

Median Lot Size

17.1


2507

2.5

7 %


91


$ 93


8,001 - 10,000 sqft


$ 249,950

42 %

4.0

Market Action Index



11 %


Strong Buyer's

==

==

±+

±+

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


3 03985

802.0 18

3.0

4

90

3.0 42

69

1

6

0.25 - 0.50acre

32

$ 179,700

9

1

42

3.5

8,001 -10,000 sqft

73.0

1491 8,001 -10,000 sqft

41

$ 106,150

4.0

127

0.25 - 0.50acre$ 310,000

4.0$ 449,000

9

6

2970

Demand measured by the MarketAction Index is increasing and days-on-market is holding steady. Withmore properties coming available,conditions are mildly positive.

Monday May 3, 2010


41

2060

2.0

The median list price in NORTHRICHLAND HILLS, TX 76182 this weekis $249,950. The 166 properties havebeen on the market for an average of91 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX 76182

Neighborhood Detail


Average List Price


166

$ 1,750,000

$ 69,995

$ 268,946

17

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 7 of 16



Neighborhood DetailNORTH RICHLAND

HILLS, TX 76182

Monday May 3, 2010

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.


Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartile 4 isdown, Quartile 1 is essentially flat, while Quartiles 2 and 3 are up in recent weeks. Slack demand sometimes takes hold at eitherend of the market and converges on the center. Watch for persistent shifts in the Market Action Index for a leading indicator ofstronger price moves in the market as a whole.


Page 8 of 16




HILLS, TX 76182

Monday May 3, 2010

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 9 of 16




HILLS, TX 76182

Monday May 3, 2010

Market Action IndexThe NORTH RICHLAND HILLS, 76182 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 17.12. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 10 of 16




HILLS, TX 76182

Monday May 3, 2010





Page 11 of 16


Median List Price

Median Lot Size

18.4


2082

2.0

3 %


171


$ 79


8,001 - 10,000 sqft


$ 150,000

38 %

3.0

Market Action Index



5 %


Strong Buyer's

==

±+

≠≠

≠≠

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 23498

1372.0 39

3.0

0

150

3.0 35

149

3

2

0.25 - 0.50acre

51

$ 124,900

2

0

35

3.2

8,001 -10,000 sqft

02.5

1393 8,001 -10,000 sqft

35

$ 87,977

3.0

247

8,001 -10,000 sqft$ 223,990

4.0$ 339,250

7

3

2658


Monday May 3, 2010


34

1721

2.0

The median list price in NORTHRICHLAND HILLS, TX 76180 this weekis $150,000. The 139 properties havebeen on the market for an average of171 days.






No change



== ≠≠

≠=

NORTH RICHLANDHILLS, TX 76180

Neighborhood Detail


Average List Price


139

$ 695,000

$ 59,000

$ 202,358

27

Trend Key:


Page 12 of 16




HILLS, TX 76180

Monday May 3, 2010

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 the individual quartiles without strong directional correlation lately. Quartiles2 and 4 have been in price decline in recent weeks, with Quartiles 1 and 3 remaining basically flat. Look to the Market ActionIndex as a leading indicator of the bottom of the market.


Page 13 of 16




HILLS, TX 76180

Monday May 3, 2010





Page 14 of 16




HILLS, TX 76180

Monday May 3, 2010

Market Action IndexThe NORTH RICHLAND HILLS, 76180 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 18.42. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 15 of 16




HILLS, TX 76180

Monday May 3, 2010





Page 16 of 16


combined report 5/3/10

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