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Colleyville Market Report 5/10/10
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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 10, 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
14.6
Percent Relisted (reset DOM)
4156
4.0
3 %
Median Number of Bathrooms
255
Inventory of Properties Listed
$ 135
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 575,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
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±+
±+
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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
6 15988
2143.5 18
4.0
8
276
4.0 70
188
1
3
0.50 - 1.0acre
21
$ 482,500
7
5
71
5.5
0.25 - 0.50acre
04.5
3007 0.25 - 0.50acre
70
$ 349,990
4.0
343
0.50 - 1.0acre$ 695,000
5.0$ 1,074,500
10
7
4846
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 10, 2010
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
70
3858
3.0
The median list price in COLLEYVILLE,TX this week is $575,000. The 281properties 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±+
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COLLEYVILLE, TXCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
281
$ 8,950,000
$ 159,900
$ 759,896
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 10, 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 10, 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 4 of 6
Single Family Homes in
Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887
City OverviewCOLLEYVILLE, TX
Monday May 10, 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 14.62. 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 10, 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 189 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
