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Market reports for Southlake, Colleyville, Keller, Westlake, North Richland Hills and Hurst for the week of 5.3.10
Citation preview
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
Percent Relisted (reset DOM)
4155
4.0
3 %
Median Number of Bathrooms
248
Inventory of Properties Listed
$ 134
Percent Flip (price increased)
0.50 - 1.0 acre
Median 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
==
==
≠≠
≠≠
==
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
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.
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 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
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
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.
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
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.
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 6
Single Family Homes in
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$653,250.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
13.5
Percent Relisted (reset DOM)
4420
4.0
2 %
Median Number of Bathrooms
255
Median List Price
Average Days on Market (DOM)$ 149
Percent Flip (price increased)
0.50 - 1.0 acreMedian House Size (sq ft)
$ 653,250
35 %
5.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %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]
SOUTHLAKE, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
13.5
Percent Relisted (reset DOM)
4420
4.0
2 %
Median Number of Bathrooms
255
Inventory of Properties Listed
$ 149
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 653,250
35 %
5.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
SOUTHLAKE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
342
$ 5,595,000
$ 130,550
$ 882,812
11
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
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.
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 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
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.
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
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.
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewSOUTHLAKE, TX
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 255 days. Half of the listings have come newly on the market in thepast 182 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 6
Single Family Homes in
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 $377,194.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
15.8
Percent Relisted (reset DOM)
3307
3.5
7 %
Median Number of Bathrooms
238
Median List Price
Average Days on Market (DOM)$ 113
Percent Flip (price increased)
0.25 - 0.50 acreMedian House Size (sq ft)
$ 377,194
34 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %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]
ROANOKE, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
15.8
Percent Relisted (reset DOM)
3307
3.5
7 %
Median Number of Bathrooms
238
Inventory of Properties Listed
$ 113
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 377,194
34 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
ROANOKE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
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.
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 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
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.
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
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.
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewROANOKE, TX
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 238 days. Half of the listings have come newly on the market in thepast 133 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 6
Single Family Homes in
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 $174,900.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
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Single Family Homes
Median Lot Size
17.5
Percent Relisted (reset DOM)
2410
2.5
4 %
Median Number of Bathrooms
75
Median List Price
Average Days on Market (DOM)$ 77
Percent Flip (price increased)
4,501 - 6,500 sqftMedian House Size (sq ft)
$ 174,900
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %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
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.
Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.
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 $299,900.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
16.4
Percent Relisted (reset DOM)
3155
3.0
3 %
Median Number of Bathrooms
214
Median List Price
Average Days on Market (DOM)$ 96
Percent Flip (price increased)
0.25 - 0.50 acreMedian House Size (sq ft)
$ 299,900
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %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]
KELLER, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
17.1
Percent Relisted (reset DOM)
2656
2.5
4 %
Median Number of Bathrooms
129
Inventory of Properties Listed
$ 82
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 203,050
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
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 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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
KELLER, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
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.
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 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
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.
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
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.
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 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewKELLER, TX
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in thepast 63 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 16
Single Family Homes in
Median List Price
Median Lot Size
16.4
Percent Relisted (reset DOM)
3155
3.0
3 %
Median Number of Bathrooms
214
Inventory of Properties Listed
$ 96
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 299,900
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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 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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
KELLER, TX 76248Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
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.
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 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
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.
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.
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 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76248
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 214 days. Half of the listings have come newly on the market in thepast 119 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 16
Single Family Homes in
Median List Price
Median Lot Size
17.5
Percent Relisted (reset DOM)
2410
2.5
4 %
Median Number of Bathrooms
75
Inventory of Properties Listed
$ 77
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 174,900
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
KELLER, TX 76244Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
645
$ 640,000
$ 109,900
$ 195,084
5
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 12 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
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.
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 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
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.
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.
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 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailKELLER, TX 76244
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 75 days. Half of the listings have come newly on the market in thepast 49 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 16
Single Family Homes in
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.
Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.
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 $219,875.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
19.4
Percent Relisted (reset DOM)
2373
2.5
3 %
Median Number of Bathrooms
164
Median List Price
Average Days on Market (DOM)$ 90
Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 219,875
42 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %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]
HURST, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
19.8
Percent Relisted (reset DOM)
1947
2.0
4 %
Median Number of Bathrooms
148
Inventory of Properties Listed
$ 82
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 149,900
41 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
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
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
HURST, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
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.
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 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
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.
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
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.
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 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewHURST, TX
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 148 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 6 of 16
Single Family Homes in
Median List Price
Median Lot Size
19.4
Percent Relisted (reset DOM)
2373
2.5
3 %
Median Number of Bathrooms
164
Inventory of Properties Listed
$ 90
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 219,875
42 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
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
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
HURST, TX 76054Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
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.
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 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
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.
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.
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 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76054
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 164 days. Half of the listings have come newly on the market in thepast 70 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 16
Single Family Homes in
Median List Price
Median Lot Size
19.1
Percent Relisted (reset DOM)
1723
2.0
4 %
Median Number of Bathrooms
137
Inventory of Properties Listed
$ 76
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 119,900
41 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
HURST, TX 76053Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
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.
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 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
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.
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.
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 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailHURST, TX 76053
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 137 days. Half of the listings have come newly on the market in thepast 77 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 16
Single Family Homes in
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.
Inventory is up and Market Action is trending down recently. Whiledays-on-market appears to be trending lower, the overallconditions are weakening a bit.
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 $150,000.
Investigate the market in quartiles -where each quartile is 25% of homesordered by price.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
No change Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+ == ≠≠
≠=
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC
Single Family Homes
Median Lot Size
18.4
Percent Relisted (reset DOM)
2082
2.0
3 %
Median Number of Bathrooms
171
Median List Price
Average Days on Market (DOM)$ 79
Percent Flip (price increased)
8,001 - 10,000 sqftMedian House Size (sq ft)
$ 150,000
38 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %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]
NORTH RICHLANDHILLS, TX
Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
Median List Price
Median Lot Size
17.9
Percent Relisted (reset DOM)
2249
2.5
5 %
Median Number of Bathrooms
128
Inventory of Properties Listed
$ 88
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 199,000
40 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
NORTH RICHLANDHILLS, TX
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
305
$ 1,750,000
$ 59,000
$ 238,599
21
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 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
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.
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 4 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
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.
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
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.
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 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewNORTH RICHLAND
HILLS, TX
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 128 days. Half of the listings have come newly on the market in thepast 70 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 16
Single Family Homes in
Median List Price
Median Lot Size
17.1
Percent Relisted (reset DOM)
2507
2.5
7 %
Median Number of Bathrooms
91
Inventory of Properties Listed
$ 93
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 249,950
42 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
== ≠≠
≠=
NORTH RICHLANDHILLS, TX 76182
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
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
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
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.
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 9 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
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.
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.
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 10 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76182
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 91 days. Half of the listings have come newly on the market in thepast 70 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 16
Single Family Homes in
Median List Price
Median Lot Size
18.4
Percent Relisted (reset DOM)
2082
2.0
3 %
Median Number of Bathrooms
171
Inventory of Properties Listed
$ 79
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 150,000
38 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Strong Buyer's
==
±+
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≠≠
≠≠
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
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
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
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
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.
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±+
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≠=
NORTH RICHLANDHILLS, TX 76180
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
139
$ 695,000
$ 59,000
$ 202,358
27
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 12 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
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.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
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.
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 14 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
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.
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.
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 15 of 16
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
Neighborhood DetailNORTH RICHLAND
HILLS, TX 76180
Monday May 3, 2010
Days on MarketThe properties have been on the market for an average of 171 days. Half of the listings have come newly on the market in thepast 70 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 16
Single Family Homes in