November 2009 State of the market

Ca November 2009

Valley Real Estate Market Report

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) 11/01/07 - 11/30/09

KEY INFORMATION

For Sale 265,000 169,900 -95,100

Nov-07 Median Price ChangeNov-09

249,900Under Contract 128,500 -121,400241,943Sold 131,000 -110,943

Percent Change

-48.6-45.9

-35.9

Lot Size: AllSq Ft: All

12/17/09BrokerMetrics®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) 11/01/07 - 11/30/09

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

Median $ # PropertiesTime Period

169,900Nov-09 5,985 131,000 7,354 147,000128,50048,499 10,544199,000 3,791169,900Oct-09 7,427 130,000 7,895 149,000130,00049,405 12,780199,000 4,023169,990Sep-09 7,849 130,000 7,667 144,900129,90048,440 12,213200,000 3,966171,950Aug-09 8,162 127,500 7,784 139,900129,90048,473 12,189199,900 4,084175,000Jul-09 8,297 126,900 8,860 139,900126,90049,538 12,472208,000 4,957179,000Jun-09 9,789 125,990 9,093 139,900129,90052,012 12,315215,000 5,157179,900May-09 9,401 120,000 9,042 145,000127,90054,886 10,705219,900 5,788177,000Apr-09 10,500 115,500 8,355 149,000120,81560,760 10,864199,900 6,079173,398Mar-09 9,221 120,000 7,424 139,900120,00066,101 13,972180,000 6,984174,900Feb-09 6,985 125,000 5,316 149,900122,90065,926 12,381179,000 6,812179,000Jan-09 5,719 130,000 4,596 160,000129,90068,074 13,441199,900 8,810179,900Dec-08 4,880 144,000 5,406 138,900137,50067,278 11,668199,900 7,765189,500Nov-08 4,338 151,900 4,265 155,900147,50067,034 12,140210,000 7,086195,000Oct-08 4,940 165,000 5,261 161,500152,00067,477 14,335219,000 7,643200,000Sep-08 5,271 172,500 5,979 169,900167,00066,309 13,929225,000 7,896212,500Aug-08 5,484 186,000 5,494 175,000175,00065,551 13,261232,000 7,687220,000Jul-08 6,896 192,900 5,796 181,000189,00067,986 13,196238,925 8,800229,900Jun-08 6,106 204,900 5,573 192,000199,90070,061 13,250249,800 9,165239,000May-08 5,688 210,000 5,446 205,000210,00071,202 12,746252,000 8,703244,900Apr-08 5,473 217,000 4,663 219,900219,90072,552 13,457249,900 8,623249,900Mar-08 4,571 218,000 4,130 224,900224,70771,916 13,173260,000 8,250250,000Feb-08 3,871 220,000 3,288 232,000226,35470,484 12,700260,000 7,870255,182Jan-08 3,441 227,350 2,780 239,999229,90070,177 15,540260,000 8,952260,000Dec-07 2,777 235,000 3,254 239,000239,90067,846 8,706269,900 10,432265,000Nov-07 3,103 241,943 3,193 245,000249,90070,970 11,284274,900 8,727

2 12/17/092 ofBrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

KEY INFORMATION

2 Years (Monthly) 11/01/07 - 11/30/09

Market Dynamics The Melcher AgencySold Average vs. Median Price

Nov-09 Percent Change

-45.9175,834

Nov-07

241,943Median

Price ChangeAverage 325,661 -149,826 -46.0

-110,943131,000

All MLS:All

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

ARMLS AllAll AllAllAll Lot Size:Bedrooms:Property Types:

Arizona Regional MLS

2 Years (Monthly) Construction Type:Price:Period:MLS:

12/17/09BrokerMetrics®Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

1 of 2

The Melcher Agency

2 Years (Monthly) 11/01/07 - 11/30/09

Market DynamicsSold Average vs. Median Price

Time Period # Properties Sold Sold Average $ Sold Median $ Sold Avg DOMAverage $ - Median $ Median $ as % of Average $7,354Nov-09 175,834 74.5131,000 44,834 907,895Oct-09 171,757 75.7130,000 41,757 897,667Sep-09 176,105 73.8130,000 46,105 937,784Aug-09 172,160 74.1127,500 44,660 998,860Jul-09 177,243 71.6126,900 50,343 1109,093Jun-09 172,123 73.2125,990 46,133 1169,042May-09 164,121 73.1120,000 44,121 1208,355Apr-09 160,046 72.2115,500 44,546 1227,424Mar-09 160,099 75.0120,000 40,099 1275,316Feb-09 173,449 72.1125,000 48,449 1224,596Jan-09 181,407 71.7130,000 51,407 1145,406Dec-08 191,964 75.0144,000 47,964 1084,265Nov-08 205,438 73.9151,900 53,538 1115,261Oct-08 212,938 77.5165,000 47,938 1155,979Sep-08 220,085 78.4172,500 47,585 1015,494Aug-08 239,435 77.7186,000 53,435 1145,796Jul-08 251,167 76.8192,900 58,267 1245,573Jun-08 267,460 76.6204,900 62,560 1325,446May-08 275,224 76.3210,000 65,224 1274,663Apr-08 283,750 76.5217,000 66,750 1354,130Mar-08 299,636 72.8218,000 81,636 1313,288Feb-08 299,108 73.6220,000 79,108 1382,780Jan-08 318,886 71.3227,350 91,536 1383,254Dec-07 318,609 73.8235,000 83,609 1293,193Nov-07 325,661 74.3241,943 83,718 119

2 12/17/092 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) 11/01/07 - 11/30/09Basic Absorption

MLS:

-740Residual Inventory

Nov-07

11,284

All

30,135

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

AllBathrooms:Construction Type:

10,5445,985

48,488

AllPrice:

Change

All

92.9-6.6

-37.9

Sq Ft:

-18,353

Lot Size:Bedrooms:

3,103

KEY INFORMATION

All

All MLS:

2,882

Nov-09

New

ARMLS

Percent Change


2 Years (Monthly)

Under Contract

Period:

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

BrokerMetrics® 1 of 2 12/17/09

Basic AbsorptionMarket Dynamics The Melcher Agency

2 Years (Monthly) 11/01/07 - 11/30/09

Period Properties Listed# Properties

Under Contract# New # Residual

Inventory PropertiesUnder Contract /

New %Under Contract /

Residual Inventory %Time

5,985Nov-09 10,544 56.7630,135 19.867,427Oct-09 12,780 58.1127,971 26.557,849Sep-09 12,213 64.2727,340 28.718,162Aug-09 12,189 66.9627,134 30.088,297Jul-09 12,472 66.5326,983 30.759,789Jun-09 12,315 79.4928,072 34.879,401May-09 10,705 87.8231,490 29.85

10,500Apr-09 10,864 96.6535,569 29.529,221Mar-09 13,972 66.0038,466 23.976,985Feb-09 12,381 56.4241,471 16.845,719Jan-09 13,441 42.5541,674 13.724,880Dec-08 11,668 41.8244,328 11.014,338Nov-08 12,140 35.7344,640 9.724,940Oct-08 14,335 34.4642,210 11.705,271Sep-08 13,929 37.8440,782 12.925,484Aug-08 13,261 41.3540,706 13.476,896Jul-08 13,196 52.2640,769 16.916,106Jun-08 13,250 46.0842,899 14.235,688May-08 12,746 44.6345,208 12.585,473Apr-08 13,457 40.6746,117 11.874,571Mar-08 13,173 34.7046,843 9.763,871Feb-08 12,700 30.4846,861 8.263,441Jan-08 15,540 22.1443,289 7.952,777Dec-07 8,706 31.9046,376 5.993,103Nov-07 11,284 27.5048,488 6.40

2 12/17/09Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

BrokerMetrics® 2 of

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

2 Years (Monthly) 11/01/07 - 11/30/09

The Melcher Agency

Price:

48,499

AllAll All

5,985-22,471

Property Types:ARMLS

Under Contract3,193

For Sale

MLS: All

3,103

Bathrooms:

7,354

70,970

Sold

All

92.92,882

Construction Type:

# Units Change

Sq Ft:

Nov-07

2 Years (Monthly)

All MLS:

All

-31.7

Lot Size:Period:

130.3

Nov-09

Bedrooms:

KEY INFORMATION

Percent Change

4,161

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


1 ofBrokerMetrics® 2 12/17/09

Supply & Demand - # Units (FS, UC, Sold)2 Years (Monthly) 11/01/07 - 11/30/09

Market Dynamics The Melcher Agency

# Properties # PropertiesAverage DOM# PropertiesSOLD

# PropertiesFOR SALE

Average DOM Average DOMUNDER CONTRACT

Average DOMNEW LISTINGS

# PropertiesEXPIRED

Time Period

139 10,544Nov-09 17690 3,79177 7,3545,98548,499156 12,780Oct-09 18289 4,02380 7,8957,42749,405175 12,213Sep-09 18993 3,96684 7,6677,84948,440188 12,189Aug-09 18899 4,08487 7,7848,16248,473201 12,472Jul-09 203110 4,95795 8,8608,29749,538211 12,315Jun-09 202116 5,157111 9,0939,78952,012220 10,705May-09 198120 5,788122 9,0429,40154,886221 10,864Apr-09 191122 6,079123 8,35510,50060,760220 13,972Mar-09 184127 6,984124 7,4249,22166,101227 12,381Feb-09 179122 6,812126 5,3166,98565,926233 13,441Jan-09 201114 8,810123 4,5965,71968,074235 11,668Dec-08 186108 7,765113 5,4064,88067,278237 12,140Nov-08 181111 7,086107 4,2654,33867,034236 14,335Oct-08 178115 7,643108 5,2614,94067,477237 13,929Sep-08 180101 7,896115 5,9795,27166,309237 13,261Aug-08 185114 7,687106 5,4945,48465,551233 13,196Jul-08 176124 8,800119 5,7966,89667,986232 13,250Jun-08 179132 9,165124 5,5736,10670,061232 12,746May-08 175127 8,703128 5,4465,68871,202231 13,457Apr-08 173135 8,623130 4,6635,47372,552232 13,173Mar-08 175131 8,250133 4,1304,57171,916234 12,700Feb-08 169138 7,870134 3,2883,87170,484234 15,540Jan-08 166138 8,952136 2,7803,44170,177234 8,706Dec-07 169129 10,432139 3,2542,77767,846227 11,284Nov-07 158119 8,727124 3,1933,10370,970

12/17/09 2Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

2 ofBrokerMetrics®

Months Supply of Inventory (MSI)Market Dynamics

2 Years (Monthly) 11/01/07 - 11/30/09

The Melcher Agency

All MLS:

-66.1

Price:

77

ARMLS Bedrooms:

-46

Period:

Nov-09MSI

2 Years (Monthly)


6

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

Percent Change

124

Property Types:

KEY INFORMATION

DOM

AllAll Lot Size:All

-13Nov-07

19 Change

Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:

-37.6


BrokerMetrics® 1 of 2 12/17/09

The Melcher AgencyMarket DynamicsMonths Supply of Inventory (MSI)

2 Years (Monthly) 11/01/07 - 11/30/09

Period NAR MSI # Properties SoldUnder ContractAverage DOM

Months Supplyof Inventory

# Properties For SaleLast Day of Month

# PropertiesUnder Contract

Time

5.3Nov-09 5,985 77 7,35438,7236.5

4.8Oct-09 7,427 80 7,89537,9555.1

4.8Sep-09 7,849 84 7,66736,6254.7

4.7Aug-09 8,162 87 7,78436,2274.4

4.1Jul-09 8,297 95 8,86036,2844.4

4.1Jun-09 9,789 111 9,09337,0663.8

4.4May-09 9,401 122 9,04239,6974.2

5.3Apr-09 10,500 123 8,35544,1814.2

6.7Mar-09 9,221 124 7,42449,8965.4

9.8Feb-09 6,985 126 5,31652,1297.5

11.7Jan-09 5,719 123 4,59653,5459.4

10.1Dec-08 4,880 113 5,40654,63311.2

13.0Nov-08 4,338 107 4,26555,61012.8

10.4Oct-08 4,940 108 5,26154,89411.1

8.9Sep-08 5,271 115 5,97953,14210.1

9.5Aug-08 5,484 106 5,49452,3809.6

9.0Jul-08 6,896 119 5,79652,2907.6

9.8Jun-08 6,106 124 5,57354,7909.0

10.4May-08 5,688 128 5,44656,81110.0

12.5Apr-08 5,473 130 4,66358,45610.7

14.3Mar-08 4,571 133 4,13059,09512.9

17.9Feb-08 3,871 134 3,28858,74315.2

20.8Jan-08 3,441 136 2,78057,78416.8

16.8Dec-07 2,777 139 3,25454,63719.7

18.5Nov-07 3,103 124 3,19359,14019.1

2 12/17/09Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

BrokerMetrics® 2 of

DECEMBER 2009 HISTORICAL INFORMATION PHOENIX AREA DECEMBER 2009

MARKET CONDITION REPORTMARICOPA COUNTY

CLOSING CLOSINGS CLOSINGS CLOSINGS CLOSINGS PERCENT.

MONTHCLOSINGPRICE CHANGE

CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING

Nov‐08 $156,000 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%

$ $


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING

Nov‐08 $156,000 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 $134,621 ‐$379 6,969 3,100 1,333 2,536 71%Nov‐09 $135,000 $379 6,598 2,644 1,377 2,577 72%

AREAON

MARKET(SUPPLY)

CLOSED MONTH

(DEMAND)FAIL

MONTHIN

ESCROWPERCENTSELLING

TIME TO SELL

(DAYS)MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

MEDIAN IN ESCROW

PRICE

MEDIANCLOSEPRICE

A th 227 64 10 98 87% 76 3 5 56 $219 $195 $190

OVERALL MARKETHistorical Information for Nov‐09 is a close estimate only‐subject to future revision


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING


TOTALS ‐$21,000 77,962 43,342 11,140 23,480AVERAGE ‐$1,750 5,997 56% 14% 30% 59%

Anthem 227 64 10 98 87% 76 3.5 56 $219 $195 $190Avondale 524 189 42 259 82% 69 2.8 71 $115 $110 $107Chandler 1,405 330 128 450 72% 85 4.3 46 $225 $199 $195Fountain Hills 392 38 40 40 49% 157 10.4 19 $542 $397 $384Gilbert 1,667 377 134 528 74% 81 4.4 45 $211 $193 $194Glendale 1,194 397 112 519 78% 72 3.0 65 $135 $114 $120Goodyear 706 178 72 259 71% 75 4.0 50 $180 $145 $148Mesa 2,405 591 202 733 75% 86 4.1 48 $170 $133 $137Peoria 1,179 268 85 391 76% 82 4.4 45 $200 $160 $165


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING


TOTALS ‐$21,000 77,962 43,342 11,140 23,480AVERAGE ‐$1,750 5,997 56% 14% 30% 59%

Peoria 1,179 268 85 391 76% 82 4.4 45 $200 $160 $165Phoenix 6,293 1,652 605 2,289 73% 79 3.8 52 $159 $100 $105Queen Creek 1,117 356 106 506 77% 66 3.1 63 $130 $110 $120Scottsdale 3,192 345 313 483 52% 150 9.3 21 $699 $400 $400Sun City 469 64 38 89 63% 116 7.3 27 $149 $135 $135Surprise 1,388 334 97 484 77% 75 4.2 47 $150 $130 $139Tempe 491 90 51 108 64% 77 5.5 36 $219 $175 $183TOTALS 22,649 5,272 2,035 7,236 72% 84 4.3 46 $190 $130 $135

MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING


TOTALS ‐$21,000 77,962 43,342 11,140 23,480AVERAGE ‐$1,750 5,997 56% 14% 30% 59%

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 In Escrow Price column signals possible expected price weakness.)

Market Speed has declined from 61 in July, to 51 in September, to the current 46. Overall, the gradual slowing trend continues. Months Supply is beginning to increase implying that demand is declining faster than supply. These changes are small and difficult to detect, but persistent.

Prices are mixed with Ask and In Escrow Prices declining and Closing Price unchanged at $135K. In general, REO and Short prices are steady, while Standards are displaying price weakness that is likely to persist in the near term.


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING


TOTALS ‐$21,000 77,962 43,342 11,140 23,480AVERAGE ‐$1,750 5,997 56% 14% 30% 59%

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 In Escrow Price column signals possible expected price weakness.)

Market Speed has declined from 61 in July, to 51 in September, to the current 46. Overall, the gradual slowing trend continues. Months Supply is beginning to increase implying that demand is declining faster than supply. These changes are small and difficult to detect, but persistent.

Prices are mixed with Ask and In Escrow Prices declining and Closing Price unchanged at $135K. In general, REO and Short prices are steady, while Standards are displaying price weakness that is likely to persist in the near term.

All other things being equal, look for this trend of diminishing activity, accented by gradually reduced REO influence, to continue through the usual holiday cycle. Significant market events most likely await the onset of the Spring selling cycle.


CLOSINGSEVALUATED

CLOSINGSREO

CLOSINGSSHORT

CLOSINGSSTANDARD

PERCENT SELLING


TOTALS ‐$21,000 77,962 43,342 11,140 23,480AVERAGE ‐$1,750 5,997 56% 14% 30% 59%

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 IN ESCROW

PRICE

MEDIANCLOSEPRICE

Anthem 10 17 1 15 97% 33 .6 330 $207 $140 $170Avondale 95 99 4 107 97% 47 1.0 205 $110 $110 $100Chandler 164 102 10 132 91% 70 1 6 122 $176 $163 $161

MARICOPA COUNTY MARKET CONDITION REPORTREO ONLY DECEMBER 2009DECEMBER 2009

Chandler 164 102 10 132 91% 70 1.6 122 $176 $163 $161Fountain Hills 33 13 2 13 89% 136 2.6 76 $433 $400 $339Gilbert 158 112 6 124 95% 59 1.4 139 $175 $179 $173Glendale 209 184 11 204 95% 56 1.1 174 $110 $103 $100Goodyear 105 72 8 92 90% 54 1.5 134 $155 $131 $135Mesa 349 239 21 231 92% 68 1.5 135 $143 $120 $117Peoria 155 110 7 120 94% 59 1.4 140 $160 $126 $130Phoenix 1,009 780 61 836 93% 63 1.3 152 $99 $85 $79Q C k 128 130 7 126 95% 41 1 0 201 $155 $112 $115

DECEMBER 2009DECEMBER 2009

Queen Creek 128 130 7 126 95% 41 1.0 201 $155 $112 $115Scottsdale 209 92 11 102 90% 133 2.3 87 $387 $332 $340Sun City 34 18 2 20 90% 84 1.9 103 $122 $127 $125Surprise 156 134 6 157 96% 48 1.2 169 $138 $125 $130Tempe 72 29 3 28 92% 56 2.5 79 $162 $155 $151TOTALS 2,886 2,130 156 2,307 93% 63 1.35 145 $151 $123 $120

ON CLOSED TIME TO MEDIAN IN MEDIANSHORT SALE ONLY


AREAMARKET(SUPPLY)

MONTH(DEMAND)

FAIL MONTH

INESCROW

PERCENTSELLING

SELL (DAYS)

MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

ESCROW PRICE

CLOSEPRICE

Anthem 127 19 4 57 83% 145 6.6 30 $175 $180 $178Avondale 300 40 26 85 61% 146 7.5 26 $105 $100 $106Chandler 641 150 49 169 75% 154 4.3 46 $190 $199 $188Fountain Hills 77 10 9 9 54% 210 7.7 26 $350 $235 $400Gilbert 886 198 66 237 75% 138 4.5 44 $180 $185 $175Glendale 573 153 53 173 74% 126 3.7 53 $120 $125 $119Goodyear 321 75 28 98 73% 121 4 3 46 $140 $137 $145


Goodyear 321 75 28 98 73% 121 4.3 46 $140 $137 $145Mesa 946 244 72 261 77% 123 3.9 51 $140 $133 $140Peoria 539 122 38 173 76% 136 4.4 45 $174 $165 $165Phoenix 2,542 583 220 783 73% 125 4.4 45 $125 $110 $117Queen Creek 672 161 54 224 75% 141 4.2 47 $115 $110 $105Scottsdale 661 139 65 173 68% 202 4.8 41 $400 $350 $385Sun City 68 13 6 16 68% 219 5.2 38 $141 $136 $135Surprise 721 77 47 201 62% 129 9.4 21 $125 $125 $128T 139 33 17 33 66% 137 4 2 47 $165 $159 $160


Tempe 139 33 17 33 66% 137 4.2 47 $165 $159 $160TOTALS 9,213 2,017 754 2,692 73% 137 4.6 43 $161 $149 $155

AREAON

MARKET(SUPPLY)

CLOSED MONTH

(DEMAND)FAIL

MONTHIN


TIME TO SELL

(DAYS)MONTHSSUPPLY

MARKETSPEED

MEDIANASK PRICE

MEDIAN IN ESCROW

PRICE

MEDIANCLOSEPRICE

Anthem 90 28 5 26 85% 54 3.2 61 $305 $250 $225Avondale 129 50 13 67 80% 48 2.6 77 $143 $119 $125Chandler 602 153 70 150 69% 61 3 9 50 $274 $227 $237

STANDARD ONLY


Chandler 602 153 70 150 69% 61 3.9 50 $274 $227 $237Fountain Hills 282 20 29 18 40% 157 14.2 14 $610 $495 $395Gilbert 624 164 62 168 73% 61 3.8 52 $280 $220 $215Glendale 414 136 49 144 74% 63 3.1 64 $199 $123 $133Goodyear 281 68 36 71 65% 70 4.1 48 $245 $200 $163Mesa 1,112 229 109 243 68% 84 4.9 41 $210 $159 $156Peoria 486 96 41 98 70% 74 5.0 39 $276 $200 $185Phoenix 2,745 578 324 673 64% 76 4.7 41 $243 $110 $145Q C k 317 144 44 157 76% 47 2 2 89 $180 $113 $125


Queen Creek 317 144 44 157 76% 47 2.2 89 $180 $113 $125Scottsdale 2,325 182 237 208 43% 138 12.8 15 $859 $535 $435Sun City 367 40 29 53 58% 114 9.2 22 $155 $135 $139Surprise 511 124 45 126 73% 72 4.1 48 $230 $166 $165Tempe 283 44 31 47 58% 68 6.4 31 $265 $240 $229TOTALS 10,568 2,056 1,126 2,249 65% 77 5.1 38 $383 $190 $191


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

Documents

November 2009 State of the market