6/28/2010 Combined Market Report

4 16600

1614.0 14

4.0

9

181

4.0 91

163

3

7

1.0 - 2.5acres

16

$ 540,000

4

2

91

6.0

0.25 - 0.50acre

44.5

3354 0.25 - 0.50acre

91

$ 399,999

5.0

235

0.50 - 1.0acre$ 760,000

5.0$ 1,650,000

6

3

5030

Recently prices in this zip have settled at a plateau even thoughthey dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly movefrom these levels.

The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks.Watch the Market Action Index for changes as it can be a leadingindicator for price changes.

Inventory has been tightening and days-on-market increasingrecently. The Market Action Index has been basically flat, notproviding strong indication for market conditions.

SOUTHLAKE, TX 76092Tamara Keilberg'sExecutive Summary

91

4119

3.0

Monday June 28, 2010

The median list price in SOUTHLAKE, TX 76092 this week is$650,000.

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

13.3

Percent Relisted (reset DOM)

4436

4.5

3 %

Median Number of Bathrooms

185

Median List Price

Average Days on Market (DOM)$ 146

Percent Flip (price increased)

0.50 - 1.0 acreMedian House Size (sq ft)

$ 650,000

41 %

5.0

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 ofJune 28, 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

13.3


4436

4.5

3 %


185

Inventory of Properties Listed

$ 146


0.50 - 1.0 acre

Median House Size (sq ft)

$ 650,000

41 %

5.0

Market Action Index



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

4 16600

1614.0 14

4.0

9

181

4.0 91

163

3

7

1.0 - 2.5acres

16

$ 540,000

4

2

91

6.0

0.25 - 0.50acre

44.5

3354 0.25 - 0.50acre

91

$ 399,999

5.0

235

0.50 - 1.0acre$ 760,000

5.0$ 1,650,000

6

3

5030

Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.



91

4119

3.0

The median list price in SOUTHLAKE,TX this week is $650,000. The 364properties have been on the marketfor an average of 185 days.






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

364

$ 5,595,000

$ 145,000

$ 896,487

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 6

Single Family Homes in


City OverviewSOUTHLAKE, TX


Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

90-day Average7-day Average

Quartile PricesPrices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often thiscondition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is stillrelatively short. Buyers are focusing on the lowest price homes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6





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.


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.


Page 4 of 6





Market Action IndexThe SOUTHLAKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 13.28. 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


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





Days on MarketThe properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in thepast 98 or so days.


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.


Page 6 of 6


6 06036

1493.5 16

4.0

1

207

4.0 76

109

3

6

0.50 - 1.0acre

25

$ 459,500

2

5

77

5.5

0.25 - 0.50acre

14.5

2887 0.25 - 0.50acre

76

$ 345,000

4.0

272

0.25 - 0.50acre$ 675,000

5.0$ 996,000

12

4

4774

We continue to see prices in this zip code hovering around thesecurrent levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index beforewe see prices move significantly from here.

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.

The Market Action Index has been trending down lately, whileinventory and days-on-market are climbing. The trends imply aweakening market.

COLLEYVILLE, TX 76034Tamara Keilberg'sExecutive Summary

76

3687

3.0


The median list price in COLLEYVILLE, TX 76034 this week is$559,000.










≠=


Single Family Homes

Median Lot Size

12.7


4112

4.0

2 %


184

Median List Price




$ 559,000

47 %

4.0

Market Action Index




Strong Buyer's

±+

==

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









COLLEYVILLE, TX


Median List Price

Median Lot Size

12.7


4112

4.0

2 %


184


$ 133


0.50 - 1.0 acre


$ 559,000

47 %

4.0

Market Action Index



12 %


Strong Buyer's

==

±+

==

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 06036

1493.5 16

4.0

1

207

4.0 76

109

3

6

0.50 - 1.0acre

25

$ 459,500

2

5

77

5.5

0.25 - 0.50acre

14.5

2887 0.25 - 0.50acre

76

$ 345,000

4.0

272

0.25 - 0.50acre$ 675,000

5.0$ 996,000

12

4

4774

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



76

3687

3.0

The median list price in COLLEYVILLE,TX this week is $559,000. The 305properties have been on the marketfor an average of 184 days.






No change



== ≠≠

≠=

COLLEYVILLE, TXCity Overview


Average List Price


305

$ 8,950,000

$ 159,850

$ 740,648

15

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

Page 2 of 6



City OverviewCOLLEYVILLE, TX


Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.


Quartile PricesPrice weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the MarketAction Index as a leading indicator of the bottom of the market.


Page 3 of 6





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.


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.


Page 4 of 6





Market Action IndexThe COLLEYVILLE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 12.70. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6









Page 6 of 6


5 35697

1272.5 14

3.0

8

178

4.0 86

107

3

4

0.50 - 1.0acre

8

$ 267,450

4

8

87

5.5

0.25 - 0.50acre

53.8

2000 4,501 -6,500 sqft

86

$ 147,900

4.0

271

0.25 - 0.50acre$ 462,400

5.0$ 1,310,000

5

9

4010

This week prices in this zip code bumped up a bit but the trendof recent weeks is generally downward. Keep an eye on theMarket Action Index for a leading indicator of the duration ofthis downtrend.

Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.

Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies someincreased demand will temper the negative trends.

ROANOKE, TX 76262 -Tamara Keilberg'sExecutive Summary

86

2816

2.0


The median list price in ROANOKE, TX 76262 - Westlake this weekis $365,000.










≠=


Single Family Homes

Median Lot Size

15.1


3228

3.5

6 %


171

Median List Price




$ 365,000

38 %

4.0

Market Action Index




Strong Buyer's

≠≠

±+

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









ROANOKE, TX


Median List Price

Median Lot Size

15.1


3228

3.5

6 %


171


$ 110


0.25 - 0.50 acre


$ 365,000

38 %

4.0

Market Action Index



9 %


Strong Buyer's

==

≠≠

±+

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 35697

1272.5 14

3.0

8

178

4.0 86

107

3

4

0.50 - 1.0acre

8

$ 267,450

4

8

87

5.5

0.25 - 0.50acre

53.8

2000 4,501 -6,500 sqft

86

$ 147,900

4.0

271

0.25 - 0.50acre$ 462,400

5.0$ 1,310,000

5

9

4010

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.



86

2816

2.0

The median list price in ROANOKE, TXthis week is $365,000. The 345properties have been on the marketfor an average of 171 days.






No change



== ≠≠

≠=

ROANOKE, TXCity Overview


Average List Price


345

$ 9,000,000

$ 79,900

$ 687,247

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 6



City OverviewROANOKE, TX


Median PriceThis week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a goodleading indicator for the durability of this trend.


Quartile PricesPrices have generally settled at a plateau, although Quartile 2 has been trending a bit downward in recent weeks. We'll need tosee a persistent shift in the Market Action Index before we see prices across the board move from these levels.


Page 3 of 6





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.




Page 4 of 6





Market Action IndexThe ROANOKE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.09. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 6









Page 6 of 6


6 104262

1443.0 12

4.0

9

138

4.0 108

138

10

7

0.25 - 0.50acre

14

$ 264,745

11

7

108

4.0

8,001 -10,000 sqft

73.5

2182 6,501 -8,000 sqft

107

$ 169,900

4.0

143

0.25 - 0.50acre$ 349,900

4.0$ 524,000

10

10

3447

We continue to see prices in this zip code hovering around theirhigh point. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.

The market has shown some evidence of slowing recently. Bothprices and inventory levels are relatively unchanged in recent weeks.Watch the Market Action Index for changes as it can be a leadingindicator for price changes.

Days-on-market has been trending up recently but the MarketAction Index and inventory levels are basically flat and notproviding strong indications for the market.

KELLER, TX 76248Tamara Keilberg'sExecutive Summary

107

2900

2.0


The median list price in KELLER, TX 76248 this week is $299,900.










≠=


Single Family Homes

Median Lot Size

16.0


3184

3.0

3 %


140

Median List Price




$ 299,900

49 %

4.0

Market Action Index




Strong Buyer's

±+

==

==

±+

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





4 73278

812.0 5

3.0

8

94

3.0 165

81

12

12

8,001 -10,000 sqft

6

$ 159,000

22

12

166

3.0

4,501 -6,500 sqft

122.5

1842 4,501 -6,500 sqft

165

$ 134,450

4.0

92

4,501 -6,500 sqft$ 187,813

4.0$ 267,990

5

17

2549

Prices in this zip code have been on a downward trend recentlyand this week, while essentially flat, doesn't break us out of thatcycle.

Home sales have been exceeding new inventory for several weeks.However because of excess inventory, prices have not yet stoppedfalling. Should the sales trend continue, expect prices to level offsoon and potentially to resume their climb from there. Watch pricesas the market transitions from a Buyer's market to a Seller's market.

Even though the days-on-market is trending higher, so is the MarketAction Index at these inventory levels, providing a neutral outlookfor the market.

KELLER, TX 76244Tamara Keilberg'sExecutive Summary

165

2162

2.0


The median list price in KELLER, TX 76244 this week is $169,900.










≠=


Single Family Homes

Median Lot Size

16.7


2358

2.5

6 %


87

Median List Price



4,501 - 6,500 sqftMedian House Size (sq ft)

$ 169,900

43 %

4.0

Market Action Index




Strong Buyer's

≠≠

±+

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









KELLER, TX


Median List Price

Median Lot Size

16.4


2628

2.5

5 %


109


$ 82


6,501 - 8,000 sqft


$ 206,900

45 %

4.0

Market Action Index



9 %


Strong Buyer's

==

±+

±+

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 213808

992.5 5

3.0

20

112

4.0 273

92

21

18

0.25 - 0.50acre

6

$ 173,000

28

22

273

3.5

4,501 -6,500 sqft

132.5

1860 4,501 -6,500 sqft

273

$ 138,000

4.0

132

8,001 -10,000 sqft$ 249,900

4.0$ 395,950

7

30

2893

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.



272

2365

2.0

The median list price in KELLER, TXthis week is $206,900. The 1091properties have been on the marketfor an average of 109 days.






No change



== ≠≠

≠=

KELLER, TXCity Overview


Average List Price


1091

$ 2,000,000

$ 69,900

$ 250,090

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



City OverviewKELLER, TX


Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.


Quartile PricesPrice weakness is visible almost across the board. Prices in Quartile 4 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.


Page 3 of 16





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.




Page 4 of 16





Market Action IndexThe KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 16.39. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16









Page 6 of 16


Median List Price

Median Lot Size

16.0


3184

3.0

3 %


140


$ 99


0.25 - 0.50 acre


$ 299,900

49 %

4.0

Market Action Index



8 %


Strong Buyer's

±+

±+

==

==

±+




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 104262

1443.0 12

4.0

9

138

4.0 108

138

10

7

0.25 - 0.50acre

14

$ 264,745

11

7

108

4.0

8,001 -10,000 sqft

73.5

2182 6,501 -8,000 sqft

107

$ 169,900

4.0

143

0.25 - 0.50acre$ 349,900

4.0$ 524,000

10

10

3447

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.



107

2900

2.0

The median list price in KELLER, TX76248 this week is $299,900. The 430properties have been on the marketfor an average of 140 days.






No change



== ≠≠

≠=

KELLER, TX 76248Neighborhood Detail


Average List Price


430

$ 2,000,000

$ 69,900

$ 340,723

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



Neighborhood DetailKELLER, TX 76248


Median PriceWe continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.


Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartiles 2 and4 are down, while Quartiles 1 and 3 are up in recent weeks. Watch for persistent shifts in the Market Action Index for a leadingindicator of stronger price moves in the market as a whole.


Page 8 of 16







Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 9 of 16





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 15.98. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





Page 10 of 16









Page 11 of 16


Median List Price

Median Lot Size

16.7


2358

2.5

6 %


87


$ 76


4,501 - 6,500 sqft


$ 169,900

43 %

4.0

Market Action Index



9 %


Strong Buyer's

±+

≠≠

±+

==

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 73278

812.0 5

3.0

8

94

3.0 165

81

12

12

8,001 -10,000 sqft

6

$ 159,000

22

12

166

3.0

4,501 -6,500 sqft

122.5

1842 4,501 -6,500 sqft

165

$ 134,450

4.0

92

4,501 -6,500 sqft$ 187,813

4.0$ 267,990

5

17

2549

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



165

2162

2.0

The median list price in KELLER, TX76244 this week is $169,900. The 661properties have been on the marketfor an average of 87 days.






No change



== ≠≠

≠=

KELLER, TX 76244Neighborhood Detail


Average List Price


661

$ 640,000

$ 77,500

$ 191,131

5

Trend Key:


Page 12 of 16





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.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 has beentrending a bit downward in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see pricesacross the board move from these levels.


Page 13 of 16





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.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 14 of 16





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 16.74. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16









Page 16 of 16


5 13164

1092.0 42

3.0

2

60

3.0 34

98

0

2

8,001 -10,000 sqft

50

$ 120,425

2

4

34

3.0

8,001 -10,000 sqft

02.5

1432 8,001 -10,000 sqft

33

$ 90,000

4.0

199

8,001 -10,000 sqft$ 215,000

4.0$ 328,500

9

1

2377

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.


NORTH RICHLAND HILLS,Tamara Keilberg'sExecutive Summary

33

1764

2.0


The median list price in NORTH RICHLAND HILLS, TX 76180 thisweek is $149,900.










≠=


Single Family Homes

Median Lot Size

16.9


1964

2.0

3 %


116

Median List Price




$ 149,900

43 %

3.0

Market Action Index




Strong Buyer's

±+

≠≠

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









NORTH RICHLANDHILLS, TX


Median List Price

Median Lot Size

17.2


2217

2.0

4 %


105


$ 86


8,001 - 10,000 sqft


$ 187,900

45 %

3.0

Market Action Index



8 %


Strong Buyer's

==

≠≠

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==

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 13832

902.0 26

3.0

9

101

3.0 80

78

6

3

0.25 - 0.50acre

38

$ 149,900

4

4

81

3.5

8,001 -10,000 sqft

72.5

1438 8,001 -10,000 sqft

80

$ 96,500

4.0

153

8,001 -10,000 sqft$ 239,950

4.0$ 399,700

10

2

2685




80

1838

2.0

The median list price in NORTHRICHLAND HILLS, TX this week is$187,900. The 321 properties havebeen on the market for an average of105 days.






No change



== ≠≠

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NORTH RICHLANDHILLS, TX

City Overview


Average List Price


321

$ 1,750,000

$ 53,000

$ 230,828

22

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 16



City OverviewNORTH RICHLAND

HILLS, TX


Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.


Quartile PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket Action Index as a leading indicator of the bottom of the market.


Page 3 of 16




HILLS, TX


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.




Page 4 of 16




HILLS, TX


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 17.24. With several months of inventory available at the current sales rate, buyers should find amplechoice.







Page 5 of 16




HILLS, TX






Page 6 of 16


Median List Price

Median Lot Size

17.2


2389

2.5

4 %


97


$ 90


8,001 - 10,000 sqft


$ 224,500

45 %

4.0

Market Action Index



10 %


Strong Buyer's

==

≠≠

≠≠

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 03981

912.0 20

3.0

6

108

3.0 47

56

3

1

0.25 - 0.50acre

32

$ 167,900

5

1

47

3.5

8,001 -10,000 sqft

72.5

1448 8,001 -10,000 sqft

47

$ 99,900

4.0

132

0.25 - 0.50acre$ 285,000

4.0$ 449,900

12

1

2865




46

2042

2.0

The median list price in NORTHRICHLAND HILLS, TX 76182 this weekis $224,500. The 187 properties havebeen on the market for an average of97 days.






No change



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NORTH RICHLANDHILLS, TX 76182

Neighborhood Detail


Average List Price


187

$ 1,750,000

$ 67,000

$ 259,807

17

Trend Key:


Page 7 of 16



Neighborhood DetailNORTH RICHLAND

HILLS, TX 76182


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.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.


Page 8 of 16




HILLS, TX 76182






Page 9 of 16




HILLS, TX 76182


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 17.22. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 10 of 16




HILLS, TX 76182






Page 11 of 16


Median List Price

Median Lot Size

16.9


1964

2.0

3 %


116


$ 79


8,001 - 10,000 sqft


$ 149,900

43 %

3.0

Market Action Index



7 %


Strong Buyer's

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±+

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==

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


5 13164

1092.0 42

3.0

2

60

3.0 34

98

0

2

8,001 -10,000 sqft

50

$ 120,425

2

4

34

3.0

8,001 -10,000 sqft

02.5

1432 8,001 -10,000 sqft

33

$ 90,000

4.0

199

8,001 -10,000 sqft$ 215,000

4.0$ 328,500

9

1

2377




33

1764

2.0

The median list price in NORTHRICHLAND HILLS, TX 76180 this weekis $149,900. The 134 properties havebeen on the market for an average of116 days.






No change



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NORTH RICHLANDHILLS, TX 76180

Neighborhood Detail


Average List Price


134

$ 619,900

$ 53,000

$ 190,388

28

Trend Key:


Page 12 of 16




HILLS, TX 76180


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.


Quartile PricesIn the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices inthe upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.


Page 13 of 16




HILLS, TX 76180


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.




Page 14 of 16




HILLS, TX 76180


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 16.87. With several months of inventory available at the current sales rate, buyers should findample choice.







Page 15 of 16




HILLS, TX 76180






Page 16 of 16


6 03577

1032.0 26

3.0

3

79

3.5 18

116

2

0

8,001 -10,000 sqft

38

$ 199,900

1

1

18

3.5

8,001 -10,000 sqft

02.5

1736 8,001 -10,000 sqft

18

$ 139,700

4.0

151

8,001 -10,000 sqft$ 239,910

4.0$ 359,900

12

1

2491

Again this week in this zip code we see a downward notch forprices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for apersistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.

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.


HURST, TX 76054Tamara Keilberg'sExecutive Summary

17

2132

2.0


The median list price in HURST, TX 76054 this week is $215,000.










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Single Family Homes

Median Lot Size

17.6


2319

2.5

3 %


112

Median List Price




$ 215,000

52 %

4.0

Market Action Index




Strong Buyer's

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==

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index









HURST, TX


Median List Price

Median Lot Size

18.2


1958

2.0

4 %


102


$ 84


8,001 - 10,000 sqft


$ 157,000

47 %

3.0

Market Action Index



10 %


Strong Buyer's

==

≠≠

≠≠

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


10 02798

972.0 38

3.0

3

94

3.0 45

100

5

0

8,001 -10,000 sqft

51

$ 135,000

5

3

45

3.0

8,001 -10,000 sqft

12.0

1386 8,001 -10,000 sqft

45

$ 99,900

4.0

116

8,001 -10,000 sqft$ 175,000

4.0$ 269,900

20

1

2125




44

1676

2.0

The median list price in HURST, TXthis week is $157,000. The 179properties have been on the marketfor an average of 102 days.






No change



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HURST, TXCity Overview


Average List Price


179

$ 636,000

$ 48,000

$ 177,172

29

Trend Key:


Page 2 of 16



City OverviewHURST, TX


Median PriceThis week prices remained relatively flat. However the recent trends have us pulling back from the market's high points. TheMarket Action Index is a good leading indicator for the durability of this trend.


Quartile PricesPricing across most of the market has been relatively strong recently. While Quartile 4 is basically flat, all other segments are inan up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 4 will assume a similartrend with the other groups.


Page 3 of 16









Page 4 of 16





Market Action IndexThe HURST market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 18.23. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 5 of 16









Page 6 of 16


Median List Price

Median Lot Size

17.6


2319

2.5

3 %


112


$ 93


8,001 - 10,000 sqft


$ 215,000

52 %

4.0

Market Action Index



8 %


Strong Buyer's

==

≠≠

==

==

≠≠




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 03577

1032.0 26

3.0

3

79

3.5 18

116

2

0

8,001 -10,000 sqft

38

$ 199,900

1

1

18

3.5

8,001 -10,000 sqft

02.5

1736 8,001 -10,000 sqft

18

$ 139,700

4.0

151

8,001 -10,000 sqft$ 239,910

4.0$ 359,900

12

1

2491




17

2132

2.0

The median list price in HURST, TX76054 this week is $215,000. The 71properties have been on the marketfor an average of 112 days.






No change



== ≠≠

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HURST, TX 76054Neighborhood Detail


Average List Price


71

$ 636,000

$ 99,900

$ 240,890

22

Trend Key:


Page 7 of 16



Neighborhood DetailHURST, TX 76054


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.


Quartile PricesIn the quartile market segments, we see prices in this zip code lacking strong directional correlation lately. Quartiles 1 and 3 areup while Quartile 4 is down and Quartile 2 is basically flat in recent weeks. Watch for persistent shifts in the Market ActionIndex for a leading indicator of stronger price moves in the market as a whole.


Page 8 of 16





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.




Page 9 of 16





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 17.64. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 10 of 16









Page 11 of 16


Median List Price

Median Lot Size

18.2


1729

2.0

5 %


95


$ 78


8,001 - 10,000 sqft


$ 129,900

44 %

3.0

Market Action Index



11 %


Strong Buyer's

==

±+

==

±+

±+




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


7 12487

912.0 49

3.0

2

97

3.0 27

96

2

0

8,001 -10,000 sqft

52

$ 115,000

3

2

27

2.0

6,501 -8,000 sqft

02.0

1320 8,001 -10,000 sqft

27

$ 84,900

3.0

97

4,501 -6,500 sqft$ 142,500

4.0$ 184,900

9

0

1826

With inventory trending up but days-on-market and the Market ActionIndex essentially flat recently,conditions do not seem to have strongup or down pull.



27

1529

2.0

The median list price in HURST, TX76053 this week is $129,900. The 108properties have been on the marketfor an average of 95 days.






No change



== ≠≠

≠=

HURST, TX 76053Neighborhood Detail


Average List Price


108

$ 270,000

$ 48,000

$ 135,283

33

Trend Key:


Page 12 of 16





Median PriceWe continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enoughto change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see pricessignificantly deviate from these levels.


Quartile PricesIn the quartile market segments, we see prices at the high-end of the market (Quartiles 1 and 2) showing strength. Quartiles 3and 4 are in a price decline in recent weeks. Typically this condition is temporary because price increases at the upper end ofthe market force buyers to consider the segments still in their price range. Watch the Market Action Index to determine whetherdemand in the lower-half of the market will begin to reverse the trend and push prices higher here too.


Page 13 of 16









Page 14 of 16





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 18.16. With several months of inventory available at the current sales rate, buyers should find ample choice.







Page 15 of 16









Page 16 of 16


Documents

6/28/2010 Combined Market Report