chandler, az market trends and update 1-16-2012
DESCRIPTION
This report shows the latest trends in Real estate in Chandler Az. This report will show you what has been happening in the chandler, Az real estate market. This information is vital if you live in Chandler, Az, want to buy a home in Chandler, Az or are looking to sell your home in Chandler, Az. If you would like to subscribe ito this publication send me a message with your email and I can make sure you get the latest Market Trends in Chandler, Az every two weeks.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 ofJanuary 16, 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
23.8
Percent Relisted (reset DOM)
2004
2.0
6 %
Median Number of Bathrooms
130
Inventory of Properties Listed
$ 98
Percent Flip (price increased)
1.0 - 2.5 acres
Median House Size (sq ft)
$ 200,000
32 %
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
9 233215
1152.0 17
3.0
39
136
3.0 269
119
32
28
2.5 - 5.0acres
28
$ 167,500
37
31
269
3.0
not available
282.0
1362 not available
269
$ 110,000
3.0
149
0.50 - 1.0acre$ 249,900
4.0$ 389,900
12
29
2276
Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
269
1809
2.0
The median list price in CHANDLER,AZ this week is $200,000. The 1076properties have been on the marketfor an average of 130 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
1076
$ 6,900,000
$ 19,000
$ 260,820
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewCHANDLER, AZ
Monday January 16, 2012
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.
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewCHANDLER, AZ
Monday January 16, 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 4 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewCHANDLER, AZ
Monday January 16, 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 23.77 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole groupchanges.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewCHANDLER, AZ
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 130 days. Half of the listings have come newly on the market in thepast 78 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 36
Single Family Homes in
Median List Price
Median Lot Size
27.0
Percent Relisted (reset DOM)
1648
2.0
8 %
Median Number of Bathrooms
113
Inventory of Properties Listed
$ 81
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 129,250
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
14 42231
1172.0 24
3.0
5
112
3.0 40
122
3
7
not available
34
$ 116,250
1
6
40
2.0
not available
32.0
1286 not available
39
$ 79,950
3.0
103
not available$ 148,005
4.0$ 210,000
17
3
1712
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
39
1515
2.0
The median list price in CHANDLER,AZ 85225 this week is $129,250. The158 properties have been on themarket for an average of 113 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
158
$ 1,475,000
$ 25,000
$ 153,562
25
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85225
Monday January 16, 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 8 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85225
Monday January 16, 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 9 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85225
Monday January 16, 2012
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 27.04 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 10 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85225
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in thepast 71 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
Median List Price
Median Lot Size
24.1
Percent Relisted (reset DOM)
1831
2.0
9 %
Median Number of Bathrooms
120
Inventory of Properties Listed
$ 99
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 173,950
36 %
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
20 13156
1062.0 21
3.0
2
102
3.0 23
108
4
1
not available
25
$ 158,700
6
4
23
3.0
not available
12.0
1356 not available
22
$ 116,000
4.0
166
not available$ 200,862
4.0$ 369,800
19
6
1968
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
22
1722
2.0
The median list price in CHANDLER,AZ 85226 this week is $173,950. The90 properties have been on themarket for an average of 120 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
90
$ 3,400,000
$ 19,000
$ 333,548
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85226
Monday January 16, 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 13 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85226
Monday January 16, 2012
Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 14 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85226
Monday January 16, 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 24.07 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 15 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85226
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 120 days. Half of the listings have come newly on the market in thepast 82 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
Median List Price
Median Lot Size
21.8
Percent Relisted (reset DOM)
2396
2.0
7 %
Median Number of Bathrooms
130
Inventory of Properties Listed
$ 108
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 245,000
34 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Strong Buyer's
≠
±+
=
=
≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
7 73790
1242.0 10
2.0
9
113
3.0 77
126
6
7
1.0 - 2.5acres
16
$ 199,950
13
10
78
3.0
not available
92.0
1065 not available
77
$ 132,450
4.0
158
2.5 - 5.0acres$ 284,900
4.0$ 400,000
8
8
2958
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
77
2127
2.0
The median list price in CHANDLER,AZ 85249 this week is $245,000. The309 properties have been on themarket for an average of 130 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
309
$ 2,299,000
$ 70,000
$ 282,674
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85249
Monday January 16, 2012
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85249
Monday January 16, 2012
Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.
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 19 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85249
Monday January 16, 2012
Market Action IndexThe CHANDLER, 85249 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.78. 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 20 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85249
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 130 days. Half of the listings have come newly on the market in thepast 85 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
Median List Price
Median Lot Size
30.5
Percent Relisted (reset DOM)
1660
2.0
7 %
Median Number of Bathrooms
124
Inventory of Properties Listed
$ 78
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 129,900
17 %
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 32243
1242.0 29
3.0
3
67
3.0 22
114
6
1
not available
32
$ 115,000
2
4
22
2.8
not available
52.0
1336 not available
22
$ 85,750
3.0
195
not available$ 143,750
4.0$ 220,000
24
3
1753
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 January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
21
1528
2.0
The median list price in CHANDLER,AZ 85224 this week is $129,900. The87 properties have been on themarket for an average of 124 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
87
$ 620,000
$ 49,000
$ 150,923
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85224
Monday January 16, 2012
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.
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85224
Monday January 16, 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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85224
Monday January 16, 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 30.52 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 currentlevels of demand and two of the quartiles are 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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85224
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 124 days. Half of the listings have come newly on the market in thepast 85 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
Median List Price
Median Lot Size
20.1
Percent Relisted (reset DOM)
2116
2.0
4 %
Median Number of Bathrooms
153
Inventory of Properties Listed
$ 119
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 250,000
34 %
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 53052
1202.0 17
2.0
11
188
2.0 78
157
9
4
not available
30
$ 212,000
13
8
79
3.0
not available
72.0
1523 not available
78
$ 124,500
3.0
146
not available$ 296,750
3.0$ 425,000
16
6
2283
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
78
1841
2.0
The median list price in CHANDLER,AZ 85248 this week is $250,000. The313 properties have been on themarket for an average of 153 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
313
$ 6,900,000
$ 47,500
$ 295,660
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 27 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85248
Monday January 16, 2012
Median PriceAgain this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for atrough 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 28 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85248
Monday January 16, 2012
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.
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 29 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85248
Monday January 16, 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 20.14. 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, 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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85248
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in thepast 85 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
Median List Price
Median Lot Size
25.9
Percent Relisted (reset DOM)
2379
2.0
4 %
Median Number of Bathrooms
100
Inventory of Properties Listed
$ 99
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 236,450
32 %
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
10 23527
1142.0 11
3.0
4
104
4.0 30
95
5
3
not available
14
$ 209,774
5
0
30
3.0
not available
83.0
1536 not available
30
$ 132,637
4.0
85
0.50 - 1.0acre$ 261,152
4.0$ 420,000
8
4
2860
Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
30
2131
2.0
The median list price in CHANDLER,AZ 85286 this week is $236,450. The120 properties have been on themarket for an average of 100 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
120
$ 875,000
$ 89,900
$ 280,432
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 32 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85286
Monday January 16, 2012
Median PriceDespite this week's down tic, price trends in this zip code have been moving up in the last few weeks. We are below themarket's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become adownward 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 33 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85286
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 34 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85286
Monday January 16, 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 25.91 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
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailCHANDLER, AZ
85286
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 100 days. Half of the listings have come newly on the market in thepast 56 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