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See the most complete Gilbert Arizona real estate market information. Things are turning around and now would be a great time to consider buying - http://www.eGilbertArizona.com
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MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofNovember 28, 2011
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
GILBERT, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Median List Price
Median Lot Size
24.6
Percent Relisted (reset DOM)
2167
2.0
8 %
Median Number of Bathrooms
113
Inventory of Properties Listed
$ 87
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 194,995
29 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
±+
±+
≠≠
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
8 373374
1122.0 10
3.0
25
95
3.5 256
113
30
30
20+ acres
13
$ 169,500
26
16
256
3.0
10 - 20 acres
282.5
1524 not available
255
$ 119,900
4.0
131
10 - 20 acres$ 231,900
4.0$ 349,542
9
31
2531
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
255
1971
2.0
The median list price in GILBERT, AZthis week is $194,995. The 1022properties have been on the marketfor an average of 113 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
1022
$ 1,999,950
$ 19,000
$ 237,456
11
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday November 28, 2011
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 PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday November 28, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 4 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday November 28, 2011
Market Action IndexThe GILBERT market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 24.59 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole groupchanges.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in thepast 57 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 36
Single Family Homes in
Median List Price
Median Lot Size
18.9
Percent Relisted (reset DOM)
2334
2.0
6 %
Median Number of Bathrooms
125
Inventory of Properties Listed
$ 114
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 249,500
35 %
4.0
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
6 73296
1042.0 6
3.0
8
123
3.5 53
152
3
6
not available
6
$ 224,678
4
3
53
3.0
10 - 20 acres
72.0
1763 10 - 20 acres
53
$ 179,000
4.0
120
not available$ 289,900
4.0$ 449,950
5
3
2551
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
52
2126
2.0
The median list price in GILBERT, AZ85298 this week is $249,500. The 211properties have been on the marketfor an average of 125 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±+
== ≠≠
≠=
GILBERT, AZ 85298Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
211
$ 1,999,950
$ 124,900
$ 308,135
6
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday November 28, 2011
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday November 28, 2011
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 9 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday November 28, 2011
Market Action IndexThe GILBERT, 85298 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 18.91. 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 balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 10 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in thepast 57 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 36
Single Family Homes in
Median List Price
Median Lot Size
25.4
Percent Relisted (reset DOM)
2077
2.0
9 %
Median Number of Bathrooms
125
Inventory of Properties Listed
$ 87
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 174,900
32 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
6 %
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
±+
±+
≠≠
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
16 63535
882.0 16
3.0
6
107
3.0 46
108
5
6
not available
18
$ 150,000
7
5
47
3.0
not available
62.2
1360 not available
46
$ 115,000
4.0
197
not available$ 207,500
4.0$ 402,450
16
7
2387
Inventory has been tightening anddays-on-market decreasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
46
1818
2.0
The median list price in GILBERT, AZ85234 this week is $174,900. The 185properties have been on the marketfor an average of 125 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±+
== ≠≠
≠=
GILBERT, AZ 85234Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
185
$ 1,290,000
$ 64,900
$ 232,187
17
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 12 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday November 28, 2011
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday November 28, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 14 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday November 28, 2011
Market Action IndexThe GILBERT, 85234 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 25.37 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 15 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in thepast 71 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 36
Single Family Homes in
Median List Price
Median Lot Size
25.3
Percent Relisted (reset DOM)
2159
2.0
7 %
Median Number of Bathrooms
112
Inventory of Properties Listed
$ 81
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 164,000
23 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
≠≠
≠≠
≠≠
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
9 63647
852.0 6
3.0
2
144
3.0 40
110
5
3
not available
5
$ 145,000
5
2
40
3.0
not available
62.0
1564 not available
40
$ 110,000
4.0
107
not available$ 225,000
5.0$ 324,500
8
4
2398
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
39
1888
2.0
The median list price in GILBERT, AZ85295 this week is $164,000. The 159properties have been on the marketfor an average of 112 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±+
== ≠≠
≠=
GILBERT, AZ 85295Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
159
$ 980,000
$ 90,000
$ 216,953
7
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 17 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday November 28, 2011
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday November 28, 2011
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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 19 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday November 28, 2011
Market Action IndexThe GILBERT, 85295 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 25.31 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 20 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 112 days. Half of the listings have come newly on the market in thepast 57 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 21 of 36
Single Family Homes in
Median List Price
Median Lot Size
27.8
Percent Relisted (reset DOM)
2124
2.0
9 %
Median Number of Bathrooms
97
Inventory of Properties Listed
$ 84
Percent Flip (price increased)
20+ acres
Median House Size (sq ft)
$ 165,000
26 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
±+
==
≠≠
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
13 103373
912.0 13
3.0
4
97
3.0 41
124
4
4
20+ acres
9
$ 149,950
1
3
41
3.0
not available
83.0
1419 not available
41
$ 115,000
4.0
78
not available$ 185,000
4.0$ 289,000
13
1
2248
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
41
1827
2.0
The median list price in GILBERT, AZ85296 this week is $165,000. The 164properties have been on the marketfor an average of 97 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±+
== ≠≠
≠=
GILBERT, AZ 85296Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
164
$ 1,950,000
$ 79,900
$ 215,719
11
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 22 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday November 28, 2011
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 23 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday November 28, 2011
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 24 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday November 28, 2011
Market Action IndexThe GILBERT, 85296 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.76 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 25 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in thepast 57 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 26 of 36
Single Family Homes in
Median List Price
Median Lot Size
23.6
Percent Relisted (reset DOM)
1926
2.0
7 %
Median Number of Bathrooms
114
Inventory of Properties Listed
$ 86
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 166,000
32 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
5 %
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
==
==
±+
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
16 23000
762.0 16
3.0
4
108
3.0 35
189
5
6
not available
20
$ 145,550
6
2
35
3.0
not available
42.0
1397 not available
34
$ 100,000
4.0
84
not available$ 194,250
4.0$ 299,900
16
5
2273
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
34
1640
2.0
The median list price in GILBERT, AZ85233 this week is $166,000. The 138properties have been on the marketfor an average of 114 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±+
== ≠≠
≠=
GILBERT, AZ 85233Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
138
$ 525,000
$ 19,000
$ 186,680
19
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 27 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday November 28, 2011
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 28 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday November 28, 2011
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 29 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday November 28, 2011
Market Action IndexThe GILBERT, 85233 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 23.56 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 30 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in thepast 71 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 31 of 36
Single Family Homes in
Median List Price
Median Lot Size
27.2
Percent Relisted (reset DOM)
2392
2.0
13 %
Median Number of Bathrooms
97
Inventory of Properties Listed
$ 88
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 218,090
24 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
4 %
Percent of Properties with Price Decrease
Buyer's Advantage
==
==
==
≠≠
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
6 43436
1152.0 8
3.0
1
64
4.0 41
75
4
6
5.0 - 10acres
9
$ 189,000
4
4
42
3.0
not available
43.0
1849 not available
41
$ 140,985
4.0
136
20+ acres$ 250,000
4.0$ 330,000
8
5
2928
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday November 28, 2011
David Dion | Solutions Real Estate | 480-332-5942 | www.
41
2099
2.0
The median list price in GILBERT, AZ85297 this week is $218,090. The 165properties have been on the marketfor an average of 97 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±+
== ≠≠
≠=
GILBERT, AZ 85297Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
165
$ 849,900
$ 25,000
$ 236,809
7
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 32 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday November 28, 2011
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 33 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday November 28, 2011
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 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 34 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday November 28, 2011
Market Action IndexThe GILBERT, 85297 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.21 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 35 of 36
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday November 28, 2011
Days on MarketThe properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in thepast 43 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 36 of 36
Single Family Homes in
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