Embed Size (px)
DESCRIPTION
The Metro Phoenix Real Estate Market is showing signs of recovery under $250,000 One of the best indicators to watch is the months supply of housing.
Citation preview
Median Price (FS, UC, Sold)Market Dynamics The Melcher Agency
1 ofBrokerMetrics® 2 09/01/09Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Arizona Regional MLSProperty Types:
Bedrooms: Bathrooms:ARMLS 2 Years (Monthly) AllConstruction Type: All AllPeriod:
All MLS:Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
MLS: AllPrice:
2 Years (Monthly) 08/01/07 - 08/31/09
KEY INFORMATION
For Sale 274,900 173,000 -101,900
Aug-07 Median Price ChangeAug-09
250,000Under Contract 125,000 -125,000249,900Sold 125,000 -124,900
Percent Change
-50.0-50.0
-37.1
Lot Size: AllSq Ft: All
Market DynamicsMedian Price (FS, UC, Sold)
The Melcher Agency
2 Years (Monthly) 08/01/07 - 08/31/09
Median $ # Properties Median $Median $ # Properties # PropertiesMedian $ # PropertiesFOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS
Median $ # PropertiesTime Period
173,000Aug-09 7,864 125,000 7,124 142,900125,00049,874 11,897189,900 4,520174,900Jul-09 8,476 125,000 9,057 140,000125,00051,620 12,800199,900 5,150175,000Jun-09 9,970 125,000 9,269 139,900129,00054,148 12,626204,900 5,358178,075May-09 9,511 119,000 9,212 144,900126,80057,051 10,946210,000 6,018174,900Apr-09 10,629 115,000 8,494 146,000120,00063,036 11,176196,450 6,302169,900Mar-09 9,341 119,500 7,571 139,000119,90068,383 14,320179,900 7,182170,000Feb-09 7,116 124,900 5,427 149,900121,50068,171 12,728175,000 6,992175,000Jan-09 5,834 130,000 4,687 159,600128,64070,357 13,812199,000 9,080175,900Dec-08 4,972 143,000 5,486 137,500135,00069,535 11,954199,000 8,018185,000Nov-08 4,408 150,000 4,330 154,900145,00069,286 12,457207,000 7,297190,000Oct-08 5,009 164,000 5,342 159,900150,00069,757 14,678215,000 7,919199,900Sep-08 5,358 170,637 6,071 169,000165,00068,600 14,295220,000 8,163209,000Aug-08 5,560 185,000 5,571 174,900174,90067,775 13,588229,000 7,910218,500Jul-08 6,988 190,200 5,881 179,900187,90070,229 13,527233,500 9,054225,000Jun-08 6,200 200,000 5,679 189,900199,90072,330 13,559245,000 9,428234,900May-08 5,811 209,000 5,580 200,000209,90073,540 13,062249,900 8,958239,620Apr-08 5,611 214,200 4,798 218,000216,20074,991 13,827249,000 8,902245,000Mar-08 4,712 214,000 4,269 220,000219,90074,336 13,520259,000 8,460249,900Feb-08 3,996 217,000 3,404 229,900224,90072,921 13,069256,419 8,109250,000Jan-08 3,575 225,000 2,866 236,080225,00072,668 16,060259,000 9,241256,905Dec-07 2,853 232,699 3,354 234,900238,99070,227 8,976265,000 10,766259,900Nov-07 3,214 238,000 3,303 240,000244,90073,457 11,670269,900 8,992265,000Oct-07 3,482 236,000 3,423 249,900244,97375,536 14,262275,000 10,267269,900Sep-07 3,174 240,000 3,373 250,000249,90073,942 12,921279,900 9,494274,900Aug-07 3,725 249,900 4,301 255,550250,00074,316 14,844285,000 9,570
2 09/01/092 ofBrokerMetrics®
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
The Melcher AgencyMarket Dynamics
2 Years (Monthly) 08/01/07 - 08/31/09Basic Absorption
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 09/01/09 21 of
MLS:
-2,947Residual Inventory
Aug-07
14,844
All
28,719
AllResidential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...Property Types:
AllBathrooms:Construction Type:
11,8977,864
47,098
AllPrice:
Change
All
111.1-19.9-39.0
Sq Ft:
-18,379
Lot Size:Bedrooms:
3,725
KEY INFORMATION
All
All MLS:
4,139
Aug-09
New
ARMLS
Percent Change
Arizona Regional MLS
2 Years (Monthly)
Under Contract
Period:
Basic AbsorptionMarket Dynamics The Melcher Agency
2 Years (Monthly) 08/01/07 - 08/31/09
Period Properties Listed# Properties
Under Contract# New # Residual
Inventory PropertiesUnder Contract /
New %Under Contract /
Residual Inventory %Time
7,864Aug-09 11,897 66.1028,719 27.388,476Jul-09 12,800 66.2228,387 29.869,970Jun-09 12,626 78.9629,504 33.799,511May-09 10,946 86.8933,054 28.77
10,629Apr-09 11,176 95.1137,182 28.599,341Mar-09 14,320 65.2340,102 23.297,116Feb-09 12,728 55.9143,082 16.525,834Jan-09 13,812 42.2443,227 13.504,972Dec-08 11,954 41.5945,971 10.824,408Nov-08 12,457 35.3946,309 9.525,009Oct-08 14,678 34.1343,816 11.435,358Sep-08 14,295 37.4842,382 12.645,560Aug-08 13,588 40.9242,317 13.146,988Jul-08 13,527 51.6642,356 16.506,200Jun-08 13,559 45.7344,514 13.935,811May-08 13,062 44.4946,867 12.405,611Apr-08 13,827 40.5847,792 11.744,712Mar-08 13,520 34.8548,581 9.703,996Feb-08 13,069 30.5848,586 8.223,575Jan-08 16,060 22.2644,863 7.972,853Dec-07 8,976 31.7848,095 5.933,214Nov-07 11,670 27.5450,231 6.403,482Oct-07 14,262 24.4148,370 7.203,174Sep-07 12,921 24.5649,049 6.473,725Aug-07 14,844 25.0947,098 7.91
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
22 ofBrokerMetrics® 09/01/09
09/01/09 2Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 1 of
Months Supply of Inventory (MSI)Market Dynamics
2 Years (Monthly) 08/01/07 - 08/31/09
The Melcher Agency
All MLS:
-70.9
Price:
58
ARMLS Bedrooms:
-38
Period:
Aug-09MSI
2 Years (Monthly)
Arizona Regional MLS
4.8
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,...
Percent Change
96
Property Types:
KEY INFORMATION
DOM
AllAll Lot Size:All
-11.6Aug-07
16.4 Change
Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:
-39.8
The Melcher AgencyMarket DynamicsMonths Supply of Inventory (MSI)
2 Years (Monthly) 08/01/07 - 08/31/09
Period NAR MSI # Properties SoldUnder ContractAverage DOM
Months Supplyof Inventory
# Properties For SaleLast Day of Month
# PropertiesUnder Contract
Time
5.3Aug-09 7,864 58 7,12437,4914.8
4.2Jul-09 8,476 64 9,05737,9944.5
4.2Jun-09 9,970 76 9,26938,8203.9
4.5May-09 9,511 84 9,21241,5224.4
5.4Apr-09 10,629 82 8,49446,1054.3
6.8Mar-09 9,341 84 7,57151,8605.6
10.0Feb-09 7,116 85 5,42754,0637.6
11.8Jan-09 5,834 82 4,68755,4439.5
10.3Dec-08 4,972 73 5,48656,54511.4
13.3Nov-08 4,408 70 4,33057,58113.1
10.6Oct-08 5,009 68 5,34256,82911.3
9.1Sep-08 5,358 73 6,07155,07910.3
9.7Aug-08 5,560 77 5,57154,3059.8
9.2Jul-08 6,988 86 5,88154,1877.8
10.0Jun-08 6,200 94 5,67956,7029.1
10.5May-08 5,811 96 5,58058,77110.1
12.6Apr-08 5,611 98 4,79860,47810.8
14.3Mar-08 4,712 102 4,26961,16413.0
17.9Feb-08 3,996 100 3,40460,81615.2
20.9Jan-08 3,575 106 2,86659,85216.7
16.9Dec-07 2,853 110 3,35456,60819.8
18.5Nov-07 3,214 98 3,30361,25119.1
18.1Oct-07 3,482 97 3,42361,78717.7
18.2Sep-07 3,174 95 3,37361,27419.3
14.2Aug-07 3,725 96 4,30161,02116.4
2 of 2 09/01/09
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics®
The Melcher AgencyMarket Dynamics
2 Years (Monthly) 08/01/07 - 08/31/09Average Days on Market for Under Contract Properties
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 09/01/09 21 of
Aug-09
-39.816.4
Arizona Regional MLS
DOM
Percent Change
Sq Ft:Bathrooms:
96
All
-38
All
MSI
Construction Type:
All MLS:
Period:Property Types:
-11.6 -70.958
Aug-074.8
Lot Size:All
KEY INFORMATION
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Twin/Semi-Detached, Manufactured/Mobile Housing, Modular / Manufactured, Loft,... AllARMLS AllBedrooms:
Change
AllMLS: Price:2 Years (Monthly)
Average Days on Market for Under Contract PropertiesMarket Dynamics The Melcher Agency
2 Years (Monthly) 08/01/07 - 08/31/09
Period of Inventory Last Day of MonthAverage DOM Under ContractUnder Contract Months Supply # Properties For Sale # PropertiesTime
4.8Aug-09 37,49158 7,8644.5Jul-09 37,99464 8,4763.9Jun-09 38,82076 9,9704.4May-09 41,52284 9,5114.3Apr-09 46,10582 10,6295.6Mar-09 51,86084 9,3417.6Feb-09 54,06385 7,1169.5Jan-09 55,44382 5,834
11.4Dec-08 56,54573 4,97213.1Nov-08 57,58170 4,40811.3Oct-08 56,82968 5,00910.3Sep-08 55,07973 5,358
9.8Aug-08 54,30577 5,5607.8Jul-08 54,18786 6,9889.1Jun-08 56,70294 6,200
10.1May-08 58,77196 5,81110.8Apr-08 60,47898 5,61113.0Mar-08 61,164102 4,71215.2Feb-08 60,816100 3,99616.7Jan-08 59,852106 3,57519.8Dec-07 56,608110 2,85319.1Nov-07 61,25198 3,21417.7Oct-07 61,78797 3,48219.3Sep-07 61,27495 3,17416.4Aug-07 61,02196 3,725
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
22 ofBrokerMetrics® 09/01/09
