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5/16/2010 Westlake/Roanoke Market Report
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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 17, 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
15.2
Percent Relisted (reset DOM)
3330
3.5
5 %
Median Number of Bathrooms
174
Inventory of Properties Listed
$ 113
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 393,284
37 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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 35812
1532.5 15
3.0
5
167
4.0 79
98
4
8
0.50 - 1.0acre
8
$ 285,000
6
3
79
5.5
0.25 - 0.50acre
44.0
1832 4,501 -6,500 sqft
78
$ 149,500
4.0
279
0.25 - 0.50acre$ 492,450
5.0$ 1,345,000
5
6
4116
Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.
Monday May 17, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
78
2920
2.0
The median list price in ROANOKE, TXthis week is $393,284. The 314properties have been on the marketfor an average of 174 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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ROANOKE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
314
$ 9,000,000
$ 79,900
$ 700,181
11
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 17, 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 PricesPrices in most of the market trending have been higher in recent weeks except for the high-end of the market, which has beenessentially flat.
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 17, 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 17, 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 15.19. 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 17, 2010
Days on MarketThe properties have been on the market for an average of 174 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 6 of 6
Single Family Homes in
