Metro Phoenix Real Estate Market Statistics

Median Price (FS, UC, Sold)Market Dynamics The Melcher Agency

Arizona Regional MLSProperty Types:

Bedrooms: Bathrooms:ARMLS 2 Years (Monthly) AllConstruction Type: All AllPeriod:

All MLS:Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

MLS: AllPrice:

2 Years (Monthly) 10/01/07 - 10/31/09

KEY INFORMATION

For Sale 269,900 173,900 -96,000

Oct-07 Median Price ChangeOct-09

249,600Under Contract 129,000 -120,600240,000Sold 129,900 -110,100

Percent Change

-48.3-45.9

-35.6

Lot Size: AllSq Ft: All

11/08/09BrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

1 of 2

Market DynamicsMedian Price (FS, UC, Sold)

The Melcher Agency

2 Years (Monthly) 10/01/07 - 10/31/09

Median $ # Properties Median $Median $ # Properties # PropertiesMedian $ # PropertiesFOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS

Median $ # PropertiesTime Period

173,900Oct-09 7,434 129,900 8,009 149,900129,00049,427 12,654199,000 4,143172,000Sep-09 7,752 130,000 7,713 145,000129,78848,521 12,211200,000 3,996174,800Aug-09 8,106 128,000 7,789 140,000129,00048,476 12,191199,900 4,060175,000Jul-09 8,309 126,900 8,877 139,925127,00049,533 12,478209,000 4,939179,000Jun-09 9,814 126,000 9,107 139,997129,90052,009 12,315215,000 5,140180,000May-09 9,413 120,000 9,057 145,000127,90054,874 10,712219,900 5,767177,990Apr-09 10,522 115,900 8,358 149,000120,87560,761 10,865199,900 6,077173,900Mar-09 9,236 120,000 7,427 139,900120,00066,105 13,972180,936 6,973174,900Feb-09 6,985 125,000 5,317 149,900122,90065,929 12,381179,000 6,811179,000Jan-09 5,719 130,000 4,598 160,000129,90068,074 13,441199,900 8,807179,900Dec-08 4,884 144,000 5,405 138,900137,50067,280 11,668199,900 7,763189,500Nov-08 4,336 151,900 4,265 155,900147,50067,033 12,140210,000 7,085195,203Oct-08 4,943 165,000 5,262 161,620152,50067,477 14,336219,000 7,641200,000Sep-08 5,271 172,500 5,979 169,900167,00066,308 13,929225,000 7,896212,900Aug-08 5,483 186,000 5,494 175,000175,00065,548 13,261232,000 7,686220,000Jul-08 6,897 192,700 5,798 181,000189,00067,982 13,196238,975 8,798229,900Jun-08 6,106 204,900 5,573 192,000199,90070,057 13,250249,800 9,165239,000May-08 5,690 210,000 5,446 205,000210,00071,198 12,746252,000 8,701244,900Apr-08 5,473 217,000 4,663 219,900219,90072,548 13,457249,900 8,623249,900Mar-08 4,572 218,000 4,130 224,900224,65171,912 13,173260,000 8,249250,000Feb-08 3,871 220,000 3,288 232,000226,35470,480 12,700260,000 7,870255,202Jan-08 3,441 227,350 2,780 239,999229,90070,173 15,540260,000 8,952260,000Dec-07 2,779 235,000 3,254 239,000239,90067,844 8,706269,900 10,432265,000Nov-07 3,103 241,943 3,193 245,000249,90070,968 11,284274,900 8,727269,900Oct-07 3,366 240,000 3,312 250,000249,60073,030 13,834279,900 9,980

2 11/08/092 ofBrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

Market DynamicsSupply & Demand - # Units (FS, UC, Sold)

2 Years (Monthly) 10/01/07 - 10/31/09

The Melcher Agency

Price:

49,427

AllAll All

7,434-23,603

Property Types:ARMLS

Under Contract3,312

For Sale

MLS: All

3,366

Bathrooms:

8,009

73,030

Sold

All

120.94,068

Construction Type:

# Units Change

Sq Ft:

Oct-07

2 Years (Monthly)

All MLS:

All

-32.3

Lot Size:Period:

141.8

Oct-09

Bedrooms:

KEY INFORMATION

Percent Change

4,697

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)Arizona Regional MLS

Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

1 ofBrokerMetrics® 2 11/08/09

Supply & Demand - # Units (FS, UC, Sold)2 Years (Monthly) 10/01/07 - 10/31/09

Market Dynamics The Melcher Agency

# Properties # PropertiesAverage DOM# PropertiesSOLD

# PropertiesFOR SALE

Average DOM Average DOMUNDER CONTRACT

Average DOMNEW LISTINGS

# PropertiesEXPIRED

Time Period

128 12,654Oct-09 17989 4,14375 8,0097,43449,427153 12,211Sep-09 18993 3,99680 7,7137,75248,521171 12,191Aug-09 18899 4,06084 7,7898,10648,476188 12,478Jul-09 204110 4,93993 8,8778,30949,533201 12,315Jun-09 202116 5,140110 9,1079,81452,009213 10,712May-09 199120 5,767121 9,0579,41354,874215 10,865Apr-09 191122 6,077123 8,35810,52260,761216 13,972Mar-09 184127 6,973124 7,4279,23666,105224 12,381Feb-09 179122 6,811126 5,3176,98565,929230 13,441Jan-09 201114 8,807123 4,5985,71968,074233 11,668Dec-08 186108 7,763113 5,4054,88467,280235 12,140Nov-08 181111 7,085107 4,2654,33667,033234 14,336Oct-08 178115 7,641108 5,2624,94367,477236 13,929Sep-08 180101 7,896115 5,9795,27166,308236 13,261Aug-08 185114 7,686106 5,4945,48365,548232 13,196Jul-08 176124 8,798119 5,7986,89767,982231 13,250Jun-08 179132 9,165124 5,5736,10670,057231 12,746May-08 175127 8,701128 5,4465,69071,198230 13,457Apr-08 173135 8,623130 4,6635,47372,548232 13,173Mar-08 175131 8,249133 4,1304,57271,912234 12,700Feb-08 169138 7,870134 3,2883,87170,480233 15,540Jan-08 166138 8,952136 2,7803,44170,173233 8,706Dec-07 169129 10,432138 3,2542,77967,844227 11,284Nov-07 158119 8,727124 3,1933,10370,968220 13,834Oct-07 154121 9,980121 3,3123,36673,030

11/08/09 2Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

2 ofBrokerMetrics®

The Melcher AgencyMarket Dynamics

2 Years (Monthly) 10/01/07 - 10/31/09Basic Absorption

MLS:

-1,180Residual Inventory

Oct-07

13,834

All

28,096

AllResidential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)Property Types:

AllBathrooms:Construction Type:

12,6547,434

46,654

AllPrice:

Change

All

120.9-8.5

-39.8

Sq Ft:

-18,558

Lot Size:Bedrooms:

3,366

KEY INFORMATION

All

All MLS:

4,068

Oct-09

New

ARMLS

Percent Change

Arizona Regional MLS

2 Years (Monthly)

Under Contract

Period:


BrokerMetrics® 1 of 2 11/08/09

Basic AbsorptionMarket Dynamics The Melcher Agency

2 Years (Monthly) 10/01/07 - 10/31/09

Period Properties Listed# Properties

Under Contract# New # Residual

Inventory PropertiesUnder Contract /

New %Under Contract /

Residual Inventory %Time

7,434Oct-09 12,654 58.7528,096 26.467,752Sep-09 12,211 63.4827,470 28.228,106Aug-09 12,191 66.4927,187 29.828,309Jul-09 12,478 66.5926,965 30.819,814Jun-09 12,315 79.6928,049 34.999,413May-09 10,712 87.8731,468 29.91

10,522Apr-09 10,865 96.8435,551 29.609,236Mar-09 13,972 66.1038,466 24.016,985Feb-09 12,381 56.4241,475 16.845,719Jan-09 13,441 42.5541,675 13.724,884Dec-08 11,668 41.8644,327 11.024,336Nov-08 12,140 35.7244,641 9.714,943Oct-08 14,336 34.4842,208 11.715,271Sep-08 13,929 37.8440,782 12.925,483Aug-08 13,261 41.3540,704 13.476,897Jul-08 13,196 52.2740,766 16.926,106Jun-08 13,250 46.0842,894 14.245,690May-08 12,746 44.6445,204 12.595,473Apr-08 13,457 40.6746,113 11.874,572Mar-08 13,173 34.7146,839 9.763,871Feb-08 12,700 30.4846,857 8.263,441Jan-08 15,540 22.1443,285 7.952,779Dec-07 8,706 31.9246,372 5.993,103Nov-07 11,284 27.5048,486 6.403,366Oct-07 13,834 24.3346,654 7.21

2 11/08/09Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

BrokerMetrics® 2 of

Months Supply of Inventory (MSI)Market Dynamics

2 Years (Monthly) 10/01/07 - 10/31/09

The Melcher Agency

All MLS:

-71.3

Price:

75

ARMLS Bedrooms:

-46

Period:

Oct-09MSI

2 Years (Monthly)

Arizona Regional MLS

5

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

Percent Change

121

Property Types:

KEY INFORMATION

DOM

AllAll Lot Size:All

-13Oct-07

18 Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

-38.1


BrokerMetrics® 1 of 2 11/08/09

The Melcher AgencyMarket DynamicsMonths Supply of Inventory (MSI)

2 Years (Monthly) 10/01/07 - 10/31/09

Period NAR MSI # Properties SoldUnder ContractAverage DOM

Months Supplyof Inventory

# Properties For SaleLast Day of Month

# PropertiesUnder Contract

Time

4.7Oct-09 7,434 75 8,00937,8505.1

4.8Sep-09 7,752 80 7,71336,7734.7

4.7Aug-09 8,106 84 7,78936,3104.5

4.1Jul-09 8,309 93 8,87736,2854.4

4.1Jun-09 9,814 110 9,10737,0553.8

4.4May-09 9,413 121 9,05739,6944.2

5.3Apr-09 10,522 123 8,35844,1624.2

6.7Mar-09 9,236 124 7,42749,8965.4

9.8Feb-09 6,985 126 5,31752,1337.5

11.6Jan-09 5,719 123 4,59853,5489.4

10.1Dec-08 4,884 113 5,40554,63311.2

13.0Nov-08 4,336 107 4,26555,61212.8

10.4Oct-08 4,943 108 5,26254,89311.1

8.9Sep-08 5,271 115 5,97953,14110.1

9.5Aug-08 5,483 106 5,49452,3799.6

9.0Jul-08 6,897 119 5,79852,2877.6

9.8Jun-08 6,106 124 5,57354,7869.0

10.4May-08 5,690 128 5,44656,80710.0

12.5Apr-08 5,473 130 4,66358,45210.7

14.3Mar-08 4,572 133 4,13059,09112.9

17.9Feb-08 3,871 134 3,28858,73915.2

20.8Jan-08 3,441 136 2,78057,78016.8

16.8Dec-07 2,779 138 3,25454,63319.7

18.5Nov-07 3,103 124 3,19359,13819.1

18.0Oct-07 3,366 121 3,31259,68417.7

2 11/08/09Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

BrokerMetrics® 2 of

Market DynamicsAverage $/SQFT (FS, UC, Sold)

2 Years (Monthly) 10/01/07 - 10/31/09

The Melcher Agency

Price:

154

AllAll All

92-37

Property Types:ARMLS

Under Contract167

For Sale $/SQFT

MLS: All

174

Bathrooms:

89

191

Sold $/SQFT

All

-47.0-82

Construction Type:

Change

Sq Ft:

Oct-07

2 Years (Monthly)

All MLS:

All

-19.2

Lot Size:Period:

-46.7

Oct-09

Bedrooms:

KEY INFORMATION

Percent Change

-78

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)Arizona Regional MLS

11/08/09BrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

1 of 2

Average $/SQFT (FS, UC, Sold)2 Years (Monthly) 10/01/07 - 10/31/09

Market Dynamics The Melcher Agency

#

FOR SALE

SQFTPeriod$/Avg

SQFTTime

Avg $

UNDER CONTRACT

# Avg $Avg

SQFT$/

SQFT

SOLD EXPIRED NEW LISTINGS

# # #Avg $ Avg $ Avg $Avg

SQFT$/

SQFTAvg

SQFT$/

SQFTAvg

SQFT$/

SQFT

154Oct-09 49,427 2,182336,414 7,434 177,552 1,927 92 8,009 4,143 12,654171,206 362,206 255,4581,922 89 2,230 163 2,018 127152Sep-09 48,521 2,184333,032 7,752 176,124 1,922 92 7,713 3,996 12,211175,984 349,940 236,5271,977 89 2,187 159 2,004 117153Aug-09 48,476 2,195336,084 8,106 176,944 1,948 91 7,789 4,060 12,191172,232 390,860 224,1281,960 88 2,251 173 2,010 111156Jul-09 49,533 2,205343,251 8,309 175,109 1,952 90 8,877 4,939 12,478177,156 402,429 224,8551,961 90 2,239 179 2,029 111158Jun-09 52,009 2,208348,364 9,814 186,522 1,972 95 9,107 5,140 12,315172,127 406,818 224,2721,950 88 2,254 181 2,028 110160May-09 54,874 2,206352,669 9,413 180,022 1,956 92 9,057 5,767 10,712164,143 399,108 240,0051,921 85 2,224 180 2,038 118156Apr-09 60,761 2,182341,044 10,522 173,873 1,932 90 8,358 6,077 10,865160,055 347,418 241,4471,900 84 2,147 161 2,036 119153Mar-09 66,105 2,159331,816 9,236 167,516 1,908 88 7,427 6,973 13,972160,102 328,219 237,8281,917 84 2,100 156 2,009 118154Feb-09 65,929 2,158332,675 6,985 170,873 1,936 88 5,317 6,811 12,381173,445 312,384 258,5341,935 90 2,069 150 2,060 125156Jan-09 68,074 2,152335,524 5,719 180,284 1,936 93 4,598 8,807 13,441181,379 349,419 289,0611,942 94 2,115 165 2,091 138156Dec-08 67,280 2,143334,904 4,884 187,932 1,957 96 5,405 7,763 11,668191,984 342,565 235,8021,960 98 2,091 163 1,994 118160Nov-08 67,033 2,153344,379 4,336 205,044 1,966 104 4,265 7,085 12,140205,441 340,814 263,4731,992 103 2,099 162 2,045 129162Oct-08 67,477 2,152348,506 4,943 208,358 1,970 106 5,262 7,641 14,336213,249 340,272 271,5211,980 108 2,093 163 2,044 133165Sep-08 66,308 2,160357,216 5,271 223,669 1,993 112 5,979 7,896 13,929220,078 365,208 273,7941,966 112 2,129 173 2,045 134169Aug-08 65,548 2,168367,065 5,483 230,559 1,975 117 5,494 7,686 13,261239,442 380,384 277,8582,016 119 2,149 178 2,043 135172Jul-08 67,982 2,176374,724 6,897 251,479 2,020 124 5,798 8,798 13,196251,124 382,398 282,5272,016 125 2,159 178 2,033 139177Jun-08 70,057 2,187386,524 6,106 269,991 2,030 133 5,573 9,165 13,250267,460 401,954 291,4072,049 131 2,146 189 2,048 143183May-08 71,198 2,197400,684 5,690 282,511 2,050 138 5,446 8,701 12,746275,224 425,565 332,6132,031 136 2,151 199 2,095 159184Apr-08 72,548 2,190401,959 5,473 286,704 2,015 142 4,663 8,623 13,457283,750 383,135 335,3602,020 141 2,104 183 2,098 160187Mar-08 71,912 2,188407,336 4,572 304,132 2,029 150 4,130 8,249 13,173299,636 394,405 340,8882,017 149 2,112 188 2,090 163189Feb-08 70,480 2,188411,624 3,871 315,092 2,014 157 3,288 7,870 12,700299,108 379,888 358,9981,991 151 2,113 181 2,118 170190Jan-08 70,173 2,178412,356 3,441 323,002 1,996 162 2,780 8,952 15,540318,886 376,770 383,5432,019 157 2,087 181 2,157 179191Dec-07 67,844 2,163411,466 2,779 338,497 2,041 166 3,254 10,432 8,706318,609 383,319 365,4682,037 156 2,084 183 2,116 173191Nov-07 70,968 2,156410,987 3,103 339,366 2,003 168 3,193 8,727 11,284325,661 387,321 383,9811,993 164 2,112 184 2,102 183191Oct-07 73,030 2,147408,826 3,366 343,511 1,981 174 3,312 9,980 13,834329,605 387,397 370,5811,980 167 2,092 186 2,088 178

2 11/08/092 ofBrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

Local Report

Maricopa County, AZ

1 2 3 4 5 Seller's Market

Buyer's Market

Employment declined by 19,186 jobs in July and August. The job losses brought about an increase in the average monthly unemployment rate from 7.3% in the second quarter to 8.5% for the second two months of the third quarter. Job losses are ticking upwards, creating a drag on buyer confidence and demand in Maricopa County. However, historically low mortgage rates have created a favorable buying enviroment for those with a job.

Labor Market :

Housing Market :

(Forecast)Q2' 09 Q3' 09 Q4' 09

$174,900Average Price $182,200

42,050# Homes on the Market * 46,941

23,263# Homes Sold ** 21,480

2,041# New Homes Built *** 1,453 ***

77Avg # of Days on Market 67 * Available as of Sep. 30, 2009.

*** During the first two months of 3rd quarter. ** May not add to total of zip codes.

Zip Code Average Price Price Change***

Total #Homes Sold

(Quarter)

% Change in #Homes Sold

***

Average Dayson Market

% of Asking Price(Sold/

List Price)

Data by Zip Codes for Q3 2009

$163,200 N/A 20 N/A 97.5%1985003 $244,900 -22.01% 22 -21.43% 91.8%13885004 $180,600 -52.31% 13 30.00% 96.4%4285005 $33,400 N/A 1 N/A 87.9%4085006 $86,400 -35.86% 86 177.42% 100.5%4785007 $130,600 -51.34% 40 37.93% 93.7%6085008 $81,300 -47.04% 170 102.38% 97.7%6285009 $44,600 -34.02% 112 64.71% 103.1%51

1

*** % Change of current quarter compared to the same quarter to year ago.

Local Report

Maricopa County, AZ


Total #Homes Sold

(Quarter)


***



List Price)


85012 $164,000 -59.24% 49 122.73% 96.6%7085013 $158,700 -43.10% 76 52.00% 96.0%8685014 $142,800 -33.27% 140 122.22% 94.4%8285015 $83,900 -43.46% 138 70.37% 97.8%6185016 $204,000 -44.34% 168 31.25% 94.5%7785017 $50,000 -47.42% 143 113.43% 101.8%6285018 $340,600 -31.16% 126 -1.56% 91.8%9985019 $57,200 -39.21% 134 88.73% 101.5%5385020 $168,800 -30.13% 121 17.48% 95.4%8785021 $181,200 -30.63% 92 41.54% 95.9%7385022 $163,100 -32.24% 192 38.13% 96.1%7385023 $129,400 -33.98% 131 27.18% 98.0%6285024 $188,500 -26.28% 132 40.43% 96.7%6485027 $106,900 -37.27% 175 23.24% 99.9%5585028 $278,400 -18.50% 93 55.00% 95.1%8885029 $90,300 -40.16% 194 53.97% 99.9%5585031 $45,100 -42.84% 132 106.25% 104.0%5285032 $136,700 -33.02% 348 57.47% 98.6%5985033 $49,700 -43.20% 292 88.39% 102.8%4685034 $76,300 -54.12% 12 71.43% 97.4%4885035 $46,900 -39.33% 187 98.94% 106.7%4585037 $78,600 -40.14% 432 78.51% 102.9%5085040 $79,800 -31.38% 130 116.67% 98.1%6785041 $102,700 -39.37% 390 77.27% 101.3%5085042 $113,100 -31.58% 212 92.73% 98.9%6885043 $88,700 -30.76% 360 61.43% 101.8%5485044 $234,000 -6.81% 129 6.61% 95.9%6985045 $364,100 4.93% 33 -38.89% 96.5%11485048 $251,400 -21.12% 187 17.61% 97.6%6185050 $259,600 -21.12% 161 38.79% 95.9%7785051 $69,600 -44.94% 197 66.95% 100.5%5485053 $100,400 -35.81% 140 45.83% 100.9%6185054 $223,000 -17.50% 44 62.96% 97.1%7285083 $267,900 -14.41% 112 72.31% 97.3%6485085 $256,100 -16.17% 152 38.18% 96.6%5785086 $238,600 -17.41% 404 24.31% 99.5%60

2


Local Report

Maricopa County, AZ


Total #Homes Sold

(Quarter)


***



List Price)


85087 $209,100 -22.78% 66 135.71% 98.9%7485139 $130,000 N/A 1 N/A 92.9%1185140 $110,000 N/A 1 N/A 96.1%685142 $252,800 N/A 9 N/A 99.4%10985201 $85,800 -40.58% 165 83.33% 99.1%5985202 $113,700 -34.77% 123 44.71% 97.6%5685203 $145,300 -15.08% 117 58.11% 98.1%6685204 $95,900 -32.98% 328 77.30% 99.8%5585205 $136,800 -28.34% 163 48.18% 97.5%7585206 $148,000 -18.55% 140 -1.41% 96.6%10085207 $260,000 -8.35% 237 47.20% 97.4%6685208 $110,300 -28.84% 207 17.61% 100.5%6585209 $156,600 -21.70% 173 12.34% 98.8%5685210 $93,900 -26.81% 111 29.07% 100.2%4985211 $285,300 N/A 1 N/A 106.3%9185212 $181,200 -19.11% 147 13.95% 100.5%5585213 $193,000 -23.05% 101 18.82% 96.1%7585215 $244,100 -1.41% 64 18.52% 93.8%11485218 $130,000 N/A 1 N/A 103.2%685219 $137,500 -2.90% 1 -66.67% 105.9%2585220 $85,400 -22.85% 18 38.46% 100.3%9285222 $100,000 -37.26% 2 -77.78% 83.0%4485224 $175,000 -14.80% 187 36.50% 98.5%5885225 $135,300 -30.19% 324 25.10% 97.8%6285226 $199,900 -21.73% 137 19.13% 96.4%5985233 $191,000 -26.14% 173 -8.47% 99.1%5785234 $205,200 -19.97% 251 28.72% 98.8%5685236 $118,000 -43.81% 1 -97.22% 100.2%1685238 $101,500 -36.52% 13 62.50% 102.1%5485239 $99,300 -39.82% 14 -44.00% 102.5%8185240 $109,700 -35.09% 3 200.00% 102.6%6185242 $229,800 -18.07% 239 10.14% 99.0%7385243 $95,500 -27.43% 2 -80.00% 107.1%585248 $241,800 -23.70% 146 -23.56% 95.1%9285249 $302,500 -11.03% 254 16.51% 98.2%7485250 $222,400 -26.01% 85 8.97% 94.5%77

3


Local Report

Maricopa County, AZ


Total #Homes Sold

(Quarter)


***



List Price)


85251 $197,200 -35.02% 196 32.43% 95.3%8885253 $1,711,400 9.69% 85 49.12% 86.5%17185254 $322,400 -21.12% 215 48.28% 95.7%7985255 $572,600 -28.77% 302 54.87% 92.7%10785257 $152,900 -31.89% 105 23.53% 97.3%7285258 $360,700 -20.69% 141 23.68% 93.0%10385259 $557,900 -20.95% 118 59.46% 92.6%9985260 $351,100 -6.92% 187 13.33% 95.1%10485262 $724,000 -29.74% 149 65.56% 89.7%16085263 $350,500 -17.16% 14 133.33% 93.5%11285264 $806,000 N/A 1 N/A 82.7%13985266 $638,200 -29.16% 83 88.64% 91.3%14285268 $372,100 -7.55% 163 8.67% 92.0%13585281 $182,500 -21.44% 117 6.36% 94.3%8585282 $167,700 -19.76% 145 16.94% 96.6%5485283 $198,300 -11.35% 139 59.77% 96.1%6785284 $335,000 -17.30% 75 56.25% 94.7%7085286 $243,500 -15.63% 209 45.14% 98.2%6385295 $220,100 -12.45% 237 56.95% 98.6%5785296 $195,000 -19.52% 254 2.42% 98.7%5985297 $219,400 -21.75% 195 15.38% 98.0%6385298 $282,300 -16.33% 172 49.57% 97.5%6985301 $64,400 -39.87% 180 104.55% 100.9%5585302 $99,500 -33.89% 186 60.34% 100.5%4385303 $92,800 -40.63% 245 50.31% 101.3%4485304 $124,800 -32.17% 120 33.33% 100.1%7685305 $163,100 -23.86% 64 45.45% 100.4%5385306 $107,300 -46.51% 95 48.44% 100.2%6985307 $117,600 -28.38% 60 66.67% 100.1%3785308 $180,900 -22.79% 330 34.69% 98.4%6285310 $226,400 -16.52% 120 42.86% 97.6%6985316 $212,500 N/A 2 N/A 92.4%87985322 $59,800 -49.75% 3 50.00% 94.9%9385323 $102,200 -35.68% 373 16.93% 100.9%5485326 $92,600 -34.14% 553 80.13% 100.6%5585329 $43,700 -65.04% 4 300.00% 97.3%19

4


Local Report

Maricopa County, AZ


Total #Homes Sold

(Quarter)


***



List Price)


85331 $336,600 -27.71% 172 24.64% 96.2%7385335 $77,700 -36.78% 317 36.64% 104.2%5085337 $43,000 -53.61% 1 -66.67% 93.7%3285338 $142,900 -25.57% 430 35.65% 100.1%5085339 $138,000 -29.74% 367 54.85% 100.0%5385340 $213,800 -12.81% 207 25.45% 97.4%6285342 $131,500 36.84% 6 20.00% 84.6%19885345 $92,400 -37.53% 319 67.89% 101.0%5785351 $104,000 -20.25% 153 -12.57% 92.5%11685353 $103,300 -34.54% 332 29.69% 101.6%5585354 $68,200 -51.73% 34 209.09% 92.3%8985355 $229,500 -11.12% 70 150.00% 97.1%7385360 $201,500 N/A 2 N/A 88.9%86285361 $132,800 -32.96% 53 130.43% 96.0%6885363 $80,800 -37.94% 43 38.71% 101.6%4185373 $150,200 -19.59% 115 35.29% 97.1%9485374 $136,800 -23.83% 312 43.78% 98.9%7485375 $181,800 -12.30% 179 44.35% 94.2%12485377 $682,500 -30.51% 40 263.64% 86.6%17685379 $139,900 -25.66% 445 13.81% 101.6%4885381 $185,500 -16.85% 93 10.71% 98.4%7385382 $184,200 -19.46% 224 30.99% 98.3%7485383 $259,500 -18.27% 340 39.92% 97.4%7685387 $198,900 -28.19% 80 48.15% 96.4%8085388 $142,700 -22.02% 241 27.51% 100.4%5985390 $221,400 -4.77% 23 91.67% 93.5%14385392 $134,500 -23.05% 287 61.24% 101.3%5585395 $220,300 -18.86% 153 23.39% 99.4%5785396 $172,000 -31.03% 178 140.54% 98.6%74

5


NOVEMBER 2009 HISTORICAL INFORMATION PHOENIX AREA NOVEMBER 2009

MARKET CONDITION REPORTMARICOPA COUNTY

CLOSING CLOSINGS CLOSINGS CLOSINGS CLOSINGS PERCENT.

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING

Oct‐08 $170,000 4,191 1,803 119 2,269 43%Nov‐08 $156,000 ‐$14,000 3,446 1,626 301 1,519 40%Dec‐08 $146,000 ‐$10,000 4,316 2,405 375 1,536 43%Jan‐09 $130,300 ‐$15,700 3,728 2,505 346 877 37%Feb‐09 $127,950 ‐$2,350 4,222 2,858 390 974 46%Mar‐09 $121,000 ‐$6,950 5,944 4,067 595 1,282 55%A 09 $119 900 $1 100 6 623 4 388 667 1 568 62%

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING

Oct‐08 $170,000 4,191 1,803 119 2,269 43%Nov‐08 $156,000 ‐$14,000 3,446 1,626 301 1,519 40%Dec‐08 $146,000 ‐$10,000 4,316 2,405 375 1,536 43%Jan‐09 $130,300 ‐$15,700 3,728 2,505 346 877 37%Feb‐09 $127,950 ‐$2,350 4,222 2,858 390 974 46%Mar‐09 $121,000 ‐$6,950 5,944 4,067 595 1,282 55%Apr‐09 $119,900 ‐$1,100 6,623 4,388 667 1,568 62%May‐09 $124,450 $4,550 7,227 4,612 804 1,811 66%Jun‐09 $134,550 $10,100 7,056 3,956 1,054 2,046 70%Jul‐09 $130,000 ‐$4,550 7,952 4,290 1,240 2,422 69%Aug‐09 $130,000 $0 7,018 3,577 1,371 2,070 72%Sep‐09 $135,000 $5,000 6,863 3,314 1,287 2,262 72%Oct‐09 $133,500 ‐$1,500 6,727 2,975 1,329 2,423 70%

TOTALS $36 500 75 313 42 376 9 878 23 059

AREAON

MARKET(SUPPLY)

CLOSED MONTH

(DEMAND)FAIL

MONTHIN

ESCROWPERCENTSELLING

TIME TO SELL

(DAYS)MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

MEDIAN PRICE

IN ESCROW

MEDIANCLOSEPRICE

Anthem 225 69 15 104 82% 89 3.3 60 $225 $179 $208Avondale 514 205 33 313 86% 69 2 5 78 $114 $109 $107

OVERALL MARKET

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING


TOTALS ‐$36,500 75,313 42,376 9,878 23,059

AVERAGE ‐$3,042 5,793 56% 13% 31% 57%

Avondale 514 205 33 313 86% 69 2.5 78 $114 $109 $107Chandler 1,353 359 119 511 75% 87 3.8 52 $239 $200 $197Fountain Hills 377 37 36 44 51% 155 10.2 19 $585 $422 $385Gilbert 1,640 374 130 612 74% 83 4.4 45 $220 $190 $190Glendale 1,160 414 118 623 78% 76 2.8 70 $140 $115 $120Goodyear 695 183 65 297 74% 75 3.8 52 $185 $150 $145Mesa 2,289 575 208 880 73% 84 4.0 49 $170 $131 $135Peoria 1,105 272 93 461 74% 81 4.1 49 $200 $168 $165Phoenix 6,195 1,696 654 2,564 72% 80 3.7 54 $163 $105 $101

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING


TOTALS ‐$36,500 75,313 42,376 9,878 23,059

AVERAGE ‐$3,042 5,793 56% 13% 31% 57%

Phoenix 6,195 1,696 654 2,564 72% 80 3.7 54 $163 $105 $101Queen Creek 1,199 389 114 610 77% 72 3.1 64 $135 $115 $120Scottsdale 3,209 348 302 513 54% 153 9.2 21 $699 $399 $394Sun City 435 58 39 84 60% 126 7.5 26 $150 $144 $134Surprise 1,256 343 91 513 79% 71 3.7 54 $153 $132 $138Tempe 478 100 44 122 70% 73 4.8 41 $220 $186 $190TOTALS 22,130 5,421 2,060 8,251 72% 85 4.1 48 $199 $133 $135

MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The area with the highest speed is the "quickest" market area or segment and is the most desirable to buyers. (RED FONT IN MEDIAN PRICE IN ESCROW COLUMN SIGNALS POSSIBLE EXPECTED PRICE WEAKNESS )

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING


TOTALS ‐$36,500 75,313 42,376 9,878 23,059

AVERAGE ‐$3,042 5,793 56% 13% 31% 57%

MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The area with the highest speed is the "quickest" market area or segment and is the most desirable to buyers. (RED FONT IN MEDIAN PRICE IN ESCROW COLUMN SIGNALS POSSIBLE EXPECTED PRICE WEAKNESS.)

Overall, the market is in the process of gradually slowing. Market Speed has declined from 61 in July to 51 in September to the current 48. Accordingly, Months Supply increased to 4.1 from October’s 3.9. Supply (On Market) is off about 700 units while Closings Per Month (Demand) is off 81 units. Percent Selling is holding at 72%. Prices (overall) very stable in the current range. The percentage of closings earned by each type remained generally steady with Short Sales increasing by a meager 1%. REO prices are on the increase in reaction to continued weak supply relative to demand. Short Sale prices signaling continued weakness even though closing price remainedunchanged from October. Surprisingly, Standard price displayed a rally from October with all indicators showing a gain. It is unclear if this movement can be sustained given elevated Months Supply for Standard sales In general the slowing trend in activity rising prices

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING


TOTALS ‐$36,500 75,313 42,376 9,878 23,059

AVERAGE ‐$3,042 5,793 56% 13% 31% 57%

MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The area with the highest speed is the "quickest" market area or segment and is the most desirable to buyers. (RED FONT IN MEDIAN PRICE IN ESCROW COLUMN SIGNALS POSSIBLE EXPECTED PRICE WEAKNESS.)

Overall, the market is in the process of gradually slowing. Market Speed has declined from 61 in July to 51 in September to the current 48. Accordingly, Months Supply increased to 4.1 from October’s 3.9. Supply (On Market) is off about 700 units while Closings Per Month (Demand) is off 81 units. Percent Selling is holding at 72%. Prices (overall) very stable in the current range. The percentage of closings earned by each type remained generally steady with Short Sales increasing by a meager 1%. REO prices are on the increase in reaction to continued weak supply relative to demand. Short Sale prices signaling continued weakness even though closing price remainedunchanged from October. Surprisingly, Standard price displayed a rally from October with all indicators showing a gain. It is unclear if this movement can be sustained given elevated Months Supply for Standard sales. In general, the slowing trend in activity, rising prices for REO, and a stable or slightly negative price schedule for Shorts and Standards is the most likely future outcome in the short to median term.

MONTH

CLOSING

PRICE CHANGE

CLOSINGS

EVALUATED

CLOSINGS

REO

CLOSINGS

SHORT

CLOSINGS

STANDARD

PERCENT

SELLING


TOTALS ‐$36,500 75,313 42,376 9,878 23,059

AVERAGE ‐$3,042 5,793 56% 13% 31% 57%

Information believed accurate but not guaranteed. Estimates based on generally accepted statistical sampling practices.

AREAON

MARKET(SUPPLY)

CLOSED MONTH

(DEMAND)FAIL

MONTHIN


TIME TO SELL

(DAYS)MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

MEDIAN PRICE

IN ESCROW

MEDIANCLOSEPRICE

Anthem 8 19 1 18 97% 45 .4 475 $199 $147 $181Avondale 85 116 3 144 98% 53 .7 268 $109 $105 $99Chandler 143 119 7 146 95% 68 1 2 164 $185 $170 $166

MARKET CONDITION REPORTREO ONLY NOVEMBER 2009NOVEMBER 2009

Chandler 143 119 7 146 95% 68 1.2 164 $185 $170 $166Fountain Hills 28 11 1 11 92% 89 2.5 79 $442 $376 $301Gilbert 140 121 5 139 96% 65 1.2 171 $178 $180 $176Glendale 186 216 13 248 94% 60 .9 228 $113 $100 $100Goodyear 106 89 5 97 95% 52 1.2 165 $160 $145 $132Mesa 306 254 18 322 93% 62 1.2 163 $145 $120 $115Peoria 146 134 6 146 96% 52 1.1 180 $157 $140 $139Phoenix 921 905 69 964 93% 63 1.0 193 $95 $85 $75Queen Creek 114 157 7 186 96% 42 .7 271 $170 $111 $115

NOVEMBER 2009NOVEMBER 2009

Q $ $ $Scottsdale 207 101 7 123 93% 127 2.0 96 $410 $321 $337Sun City 34 14 2 26 90% 87 2.4 82 $112 $139 $125Surprise 141 146 5 169 97% 47 1.0 204 $145 $125 $130Tempe 56 29 3 29 92% 65 1.9 104 $170 $150 $155TOTALS 2,621 2,430 149 2,768 94% 62 1.08 183 $154 $123 $118

AREAON

MARKETCLOSED MONTH FAIL IN PERCENT

TIME TO SELL MONTHS MARKET MEDIAN

MEDIAN PRICE

MEDIANCLOSE

SHORT SALE ONLY


AREA (SUPPLY) (DEMAND) MONTH ESCROW SELLING (DAYS) SUPPLY SPEED ASK PRICE IN ESCROW PRICE

Anthem 130 24 8 59 76% 147 5.3 37 $179 $179 $177Avondale 309 40 21 84 65% 121 7.8 25 $105 $109 $100Chandler 617 166 42 172 80% 152 3.7 53 $190 $200 $212Fountain Hills 70 9 9 11 50% 261 7.8 25 $350 $458 $437Gilbert 867 198 59 243 77% 137 4.4 45 $185 $175 $175Glendale 560 141 52 179 73% 140 4.0 50 $120 $120 $130Goodyear 322 75 27 95 73% 127 4.3 46 $140 $146 $146Mesa 930 230 74 250 76% 136 4 0 49 $140 $135 $135


Mesa 930 230 74 250 76% 136 4.0 49 $140 $135 $135Peoria 491 100 43 191 70% 143 4.9 40 $173 $173 $169Phoenix 2,516 541 231 790 70% 137 4.7 42 $125 $115 $125Queen Creek 746 188 57 209 77% 134 4.0 50 $110 $105 $105Scottsdale 670 146 56 162 72% 215 4.6 43 $400 $371 $380Sun City 65 9 7 15 58% 100 7.2 27 $139 $150 $130Surprise 660 85 44 198 66% 124 7.8 25 $125 $128 $128Tempe 139 28 12 32 71% 124 5.0 40 $170 $167 $159TOTALS 9,092 1,980 742 2,690 73% 143 4.6 43 $161 $152 $161


TOTALS 9,092 1,980 742 2,690 73% 143 4.6 43 $161 $152 $161

AREAON

MARKET(SUPPLY)

CLOSED MONTH

(DEMAND)FAIL

MONTHIN


TIME TO SELL

(DAYS)MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

MEDIAN PRICE

IN ESCROW

MEDIANCLOSEPRICE

Anthem 87 25 7 27 79% 67 3.5 56 $299 $200 $264Avondale 120 49 9 86 84% 64 2.4 81 $150 $122 $128Chandler 595 156 71 194 69% 66 3.8 52 $285 $235 $224Fountain Hills 280 21 25 22 46% 167 13 1 15 $675 $447 $389

STANDARD ONLY


Fountain Hills 280 21 25 22 46% 167 13.1 15 $675 $447 $389Gilbert 635 152 66 230 70% 62 4.2 47 $299 $215 $219Glendale 415 127 53 197 71% 65 3.3 60 $200 $130 $142Goodyear 270 56 33 105 63% 76 4.8 41 $265 $169 $166Mesa 1,053 205 116 310 64% 83 5.1 38 $220 $146 $165Peoria 468 88 45 124 66% 90 5.3 37 $287 $186 $193Phoenix 2,763 519 354 812 59% 81 5.3 37 $259 $127 $150Queen Creek 339 138 50 215 73% 62 2.5 80 $195 $120 $127Scottsdale 2,333 174 238 228 42% 142 13.4 15 $869 $500 $450


Scottsdale 2,333 174 238 228 42% 142 13.4 15 $869 $500 $450Sun City 336 40 31 43 56% 144 8.5 23 $155 $148 $140Surprise 457 114 42 146 73% 65 4.0 49 $235 $172 $160Tempe 283 56 29 61 66% 65 5.0 39 $275 $239 $230TOTALS 10,434 1,921 1,170 2,800 62% 82 5.4 36 $399 $186 $197


Information believed accurate but not guaranteed. Estimates based on generally accepted statistical sampling practices.

Documents

Metro Phoenix Real Estate Market Statistics