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The Housing ReportVail | August 2013

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Months of Inventory, Active Listings and ClosingsMonths of InventoryActive Listings Closings

Median and Average Price (Closed Sales)Median PriceAverage Price

Pric

ing

Activ

e Li

stin

gs/C

losi

ngs

Mon

ths

of In

vent

ory

00

5050

100100

150150

200200

250250

300300

0.00.0

1.01.0

2.02.0

3.03.0

4.04.0

5.05.0

6.06.0

7.07.0

00

5000050000

100000100000

150000150000

200000200000

250000250000

300000300000

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 8/5/2013. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 8/5/2013. Information is believed to be reliable, but not guaranteed.

As of July 2013 active inventory was 152, a 12% decrease from July 2012. There were 65 closings in July 2013, 33% aboveJuly 2012. Months of Inventory was 2.3, down from 3.5 in July 2012. Median price of sold homes was $230,000 for the monthof July 2013, up 21% from July 2012. Vail had 73 new properties under contract in July 2013, up 18% from July 2012.

Stephen Woodall

Oro Valley

10445 N. Oracle Rd #121Oro Valley, Arizona 85737

(520) [email protected]

http://TeamWoodall.com



11Jul-

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Tierra Antigua Realty

New Properties Under ContractThis graph depicts the new properties that have gone under contract in the given month.

Market Share

Perc

enta

geN

umbe

r of

New

Pro

pert

ies

Unde

r Co

ntra

ct

Long RealtyCompany

Coldwell BankerResidential Brokerage

Realty ExecutivesTucson Elite

Century 211st American

Keller WilliamsSouthern AZ

28.6%28.6%

9.4%8.7%

7.1%

2.6% 2.6%

0.0%0.0%

5.0%5.0%

10.0%10.0%

15.0%15.0%

20.0%20.0%

25.0%25.0%

30.0%30.0%

00

1010

2020

3030

4040

5050

6060

7070

8080

9090

100100

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 8/5/2013. Information is believed to be reliable, but not guaranteed.

Data Obtained 8/5/2013 from TARMLS using BrokerMetrics software for all closed residential sales volume between 8/1/2012-7/31/2013 rounded to the nearest tenth on one percent and deemed to be correct.

Stephen Woodall

Oro Valley




Homes Sold/Closed Monthsof Inventory

Price Band

ActiveListings

Price Banded Market Report Residential Homes



Real estate is in fact very localized. Market conditions can vary greatly by not only geographic area but also by price range, as demonstrated in the above Long Realty Research Center chart. Find the price range of interest to you to track relevant market conditions, and contact me for a more in-depth analysis.


$1 - 49,999

$50,000 - 74,999

$75,000 - 99,999

$100,000 - 124,999

$125,000 - 149,999

$150,000 - 174,999

$175,000 - 199,999

$200,000 - 224,999

$225,000 - 249,999

$250,000 - 274,999

$275,000 - 299,999

$300,000 - 349,999

$350,000 - 399,999

$400,000 - 499,999

$500,000 - 599,999

$600,000 - 699,999

$700,000 - 799,999

$800,000 - 899,999

$900,000 - 999,999

$1,000,000 - and over

TOTAL

Jul-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13

1 2 3 5 2 0 1 1.0

7 0 1 1 0 1 0 n/a

3 2 1 4 2 1 0 n/a

1 3 1 2 1 3 3 .3

4 7 7 3 10 2 4 1.0

7 9 7 6 11 9 9 .8

19 4 8 5 11 14 4 4.8

12 4 8 6 10 7 8 1.5

20 4 5 5 6 8 11 1.8

6 2 2 1 5 6 5 1.2

16 1 4 4 5 6 6 2.7

17 2 3 4 3 5 6 2.8

10 2 0 1 2 3 3 3.3

16 3 2 1 0 2 3 5.3

5 0 1 0 1 0 2 2.5

2 0 1 0 0 0 0 n/a

1 0 0 0 0 0 0 n/a

1 0 0 0 0 0 0 n/a

0 0 0 0 0 0 0 n/a

4 0 0 0 0 0 0 n/a

152 45 54 48 69 67 65 2.3

Stephen Woodall

Oro Valley




Months of Inventory by Zip Code

85737 | 4.9 Months

85755 | 4.7 Months

85739 | 6.3 Months

85658 | 7.6 Months

85742 | 2.1 Months85653 | 2.9 Months

85743 | 2.5 Months85741 | 2.8 Months

85704 | 2.3 Months

85750 | 3.2 Months

85718 | 3.7 Months

85705 | 2.3 Months 85712 | 2.0 Months

85745 | 2.9 Months 85719 | 2.7 Months 85716 | 3.6 Months 85715 | 2.3 Months

85749 | 10.2 Months

85748 | 2.2 Months

85730 | 1.8 Months

85747 | 1.8 Months

85641 | 2.3 Months

85710 | 2.6 Months85711 | 2.6 Months

85701 | 2.9 Months

85713 | 5.5 Months

85714 | 3.5 Months

85706 | 1.3 Months

85629 | 3.4 Months85622 | 7.9 Months85614 | 7.2 Months

85746 | 1.5 Months

85757 | 1.8 Months

85735 | 5.6 Months

85756 | 1.1 Months



Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered “balanced” when Months of Inventory is around 6. As you can see by this Long Realty Research Center map, market conditions can vary significantly by area. Contact me to get Months of Inventory information for your specific neighborhood.

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 8/5/2013. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Stephen Woodall

Oro Valley






Months of Inventory Heat Map by Zip Code

85742

85658

85653

85743

85705

85745

85735

85757

85746

85747

85707

85708

85641

85713

85714

85701 85711 85710 85748

85730

85719 8571685715

85712

85718

85704

85739

85741

8573785737

85755

85742

85658

85653

85743

85705

85745

85735

85757

857468570685706

8575685756

8570685706

85747

85707

85708

85641

85713

85714

85701 85711 85710 85748

85730

85719 8571685715

85712

85718

85704

8575085750

85739

857498574985741

85755

856298562985622856228561485614

MONTHS MARKET0-2 Seller’s Market3-4 5-6 Normal Market7-8 9+ Buyer’s Market


Stephen Woodall

Oro Valley




the housing reportteamwoodall.com/wp-content/uploads/2013/08/vail-august...to show the velocity of...

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