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Real estate market analytics on all condominiums and townhomes in Scottsdale ,AZ
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MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Condos & Townhomes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofFebruary 13, 2012
SCOTTSDALE, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Solutions Real EstatePresented by Bruce Parham
Median List Price
29.5
Percent Relisted (reset DOM)
1384
2.0
3 %
Median Number of Bathrooms
188
Inventory of Properties Listed
$ 156
Percent Flip (price increased)
Median House Size (sq ft)
$ 225,000
29 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
==
==
==
==
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
5 122047
1772.0 27
2.0
15
194
2.0 153
137
10
23
32
$ 165,900
19
11
153
2.0
182.0
962
153
$ 79,000
2.0
245
$ 324,900
2.0$ 595,000
15
25
1695
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday February 13, 2012
152
1256
2.0
The median list price in SCOTTSDALE,AZ this week is $225,000. The 611properties have been on the marketfor an average of 188 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
611
$ 2,995,000
$ 11,000
$ 324,474
22
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 2 of 56
Condos & Townhomes in
City OverviewSCOTTSDALE, AZ
Monday February 13, 2012
Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.
90-day Average7-day Average
Quartile Prices shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 56
Condos & Townhomes in
City OverviewSCOTTSDALE, AZ
Monday February 13, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 56
Condos & Townhomes in
City OverviewSCOTTSDALE, AZ
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 29.48 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of the market (Quartiles 3 and 4) are in the Buyer's Market zone with several months of inventory given thecurrent rate of demand for homes in the quartile. The high-end of the market is showing demand strength in the Seller's Marketzone. Expect pricing conditions to be more favorable to buyers at the low end.
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.
Page 5 of 56
Condos & Townhomes in
City OverviewSCOTTSDALE, AZ
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 188 days. Half of the listings have come newly on the market in thepast 99 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 56
Condos & Townhomes in
Median List Price
25.8
Percent Relisted (reset DOM)
1606
2.0
6 %
Median Number of Bathrooms
252
Inventory of Properties Listed
$ 208
Percent Flip (price increased)
Median House Size (sq ft)
$ 364,475
25 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
==
==
≠≠
==
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 02126
3482.0 19
2.0
0
330
2.0 12
107
1
1
25
$ 150,500
0
1
12
2.5
02.0
921
12
$ 87,500
3.0
221
$ 477,000
2.0$ 1,102,500
8
3
2020
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday February 13, 2012
12
1092
1.0
The median list price in SCOTTSDALE,AZ 85254 this week is $364,475. The48 properties have been on themarket for an average of 252 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85254
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
48
$ 2,995,000
$ 69,900
$ 519,117
14
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 7 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday February 13, 2012
Median PricePrices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for ang.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday February 13, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 9 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85254 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 25.84 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
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.
Page 10 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85254
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 252 days. Half of the listings have come newly on the market in thepast 110 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 11 of 56
Condos & Townhomes in
Median List Price
21.3
Percent Relisted (reset DOM)
2041
2.0
0 %
Median Number of Bathrooms
113
Inventory of Properties Listed
$ 201
Percent Flip (price increased)
Median House Size (sq ft)
$ 429,900
43 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
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
12 02182
242.0 10
2.5
2
302
3.0 2
56
0
0
12
$ 414,950
1
0
2
2.0
02.0
1946
2
$ 354,000
2.5
28
$ 441,500
3.0$ 460,000
8
1
1832
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday February 13, 2012
1
2403
2.0
The median list price in SCOTTSDALE,AZ 85266 this week is $429,900. The 7properties have been on the marketfor an average of 113 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85266
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
7
$ 460,000
$ 349,000
$ 411,557
11
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 12 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday February 13, 2012
Median Pricepoint, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday February 13, 2012
Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.
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 14 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85266 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.27. 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, 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.
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.
Page 15 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85266
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 113 days. Half of the listings have come newly on the market in thepast 49 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 16 of 56
Condos & Townhomes in
Median List Price
30.0
Percent Relisted (reset DOM)
1843
2.0
2 %
Median Number of Bathrooms
170
Inventory of Properties Listed
$ 193
Percent Flip (price increased)
Median House Size (sq ft)
$ 369,750
29 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
≠≠
==
±+
==
==
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
10 02936
1792.0 8
2.0
0
140
2.0 13
166
2
4
11
$ 342,000
1
3
13
3.0
12.0
1322
13
$ 225,000
3.0
196
$ 409,900
3.0$ 639,000
8
7
2012
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday February 13, 2012
13
1837
2.0
The median list price in SCOTTSDALE,AZ 85255 this week is $369,750. The52 properties have been on themarket for an average of 170 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85255
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
52
$ 1,595,000
$ 11,000
$ 454,997
9
Trend Key:
The market has not shown strongdirectional trends in terms of supplyand demand. However, inventory issufficiently low to keep us in theSeller's Market zone and prices havebeen moving upward as evidence.
Page 17 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday February 13, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday February 13, 2012
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 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.
90-day Average7-day Average
Page 19 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85255 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 30.03 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
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.
Page 20 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85255
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 170 days. Half of the listings have come newly on the market in thepast 116 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 21 of 56
Condos & Townhomes in
Median List Price
16.3
Percent Relisted (reset DOM)
2468
3.0
0 %
Median Number of Bathrooms
261
Inventory of Properties Listed
$ 182
Percent Flip (price increased)
Median House Size (sq ft)
$ 367,450
50 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
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
9 03014
1932.0 10
3.0
0
108
2.0 6
342
0
1
6
$ 362,450
0
0
6
3.0
02.5
2190
5
$ 294,500
2.0
398
$ 449,000
3.0$ 750,000
12
0
2298
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday February 13, 2012
5
2502
2.5
The median list price in SCOTTSDALE,AZ 85262 this week is $367,450. The22 properties have been on themarket for an average of 261 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85262
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
22
$ 895,000
$ 150,000
$ 436,145
10
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 22 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday February 13, 2012
Median Priceexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 23 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday February 13, 2012
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 24 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85262 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 16.34. 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, 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.
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.
Page 25 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85262
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 261 days. Half of the listings have come newly on the market in thepast 162 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 26 of 56
Condos & Townhomes in
Median List Price
30.6
Percent Relisted (reset DOM)
1422
2.0
3 %
Median Number of Bathrooms
184
Inventory of Properties Listed
$ 240
Percent Flip (price increased)
Median House Size (sq ft)
$ 322,450
26 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
±+
==
==
==
==
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 52041
1602.0 33
2.0
4
169
2.0 41
99
3
3
39
$ 190,000
4
0
41
2.0
12.0
986
41
$ 65,000
2.0
306
$ 449,900
2.0$ 875,000
4
7
1527
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday February 13, 2012
41
1344
2.0
The median list price in SCOTTSDALE,AZ 85251 this week is $322,450. The164 properties have been on themarket for an average of 184 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85251
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
164
$ 2,499,000
$ 19,000
$ 417,080
20
Trend Key:
The market has not shown strongdirectional trends in terms of supplyand demand. However, inventory issufficiently low to keep us in theSeller's Market zone and prices havebeen moving upward as evidence.
Page 27 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday February 13, 2012
Median PriceWhile this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch forg.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 28 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday February 13, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 29 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85251 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 30.63 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).
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.
Page 30 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85251
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in thepast 99 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 31 of 56
Condos & Townhomes in
Median List Price
28.8
Percent Relisted (reset DOM)
1301
2.0
6 %
Median Number of Bathrooms
184
Inventory of Properties Listed
$ 133
Percent Flip (price increased)
Median House Size (sq ft)
$ 175,000
27 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
==
==
==
==
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
9 01571
1022.0 16
2.0
2
154
2.0 18
157
1
4
19
$ 149,700
0
1
18
2.0
02.0
1029
17
$ 114,500
2.0
328
$ 215,000
3.0$ 299,000
14
0
1430
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday February 13, 2012
17
1206
2.0
The median list price in SCOTTSDALE,AZ 85260 this week is $175,000. The70 properties have been on themarket for an average of 184 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85260
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
70
$ 350,000
$ 59,900
$ 191,450
16
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
Page 32 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday February 13, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 33 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday February 13, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 34 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85260 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 28.81 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
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.
Page 35 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85260
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 184 days. Half of the listings have come newly on the market in thepast 95 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 36 of 56
Condos & Townhomes in
Median List Price
23.7
Percent Relisted (reset DOM)
1348
2.0
0 %
Median Number of Bathrooms
206
Inventory of Properties Listed
$ 176
Percent Flip (price increased)
Median House Size (sq ft)
$ 245,000
34 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
±+
±+
±+
==
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
21 61970
2072.0 27
2.0
2
150
2.0 33
204
2
9
28
$ 180,000
4
1
34
2.5
42.0
1064
33
$ 129,200
2.0
265
$ 300,000
2.0$ 465,000
26
8
1596
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday February 13, 2012
33
1230
2.0
The median list price in SCOTTSDALE,AZ 85258 this week is $245,000. The133 properties have been on themarket for an average of 206 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85258
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
133
$ 1,075,000
$ 84,000
$ 290,875
26
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 37 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday February 13, 2012
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 38 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday February 13, 2012
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.
90-day Average7-day Average
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.
90-day Average7-day Average
Page 39 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85258 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 23.72 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
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.
Page 40 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85258
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 206 days. Half of the listings have come newly on the market in thepast 120 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 41 of 56
Condos & Townhomes in
Median List Price
30.8
Percent Relisted (reset DOM)
1248
2.0
0 %
Median Number of Bathrooms
202
Inventory of Properties Listed
$ 132
Percent Flip (price increased)
Median House Size (sq ft)
$ 155,000
0 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
±+
≠≠
==
≠≠
±+
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
11 11520
742.0 10
1.0
0
0
2.5 2
228
2
0
16
$ 144,950
0
0
2
2.0
02.0
731
2
$ 64,450
2.5
504
$ 179,500
2.5$ 257,096
15
0
1283
The Market Action Index has beenbasically flat recently, and days-on-market decreasing, there are notstrong signals for the direction of themarket.
Monday February 13, 2012
2
1256
1.0
The median list price in SCOTTSDALE,AZ 85259 this week is $155,000. The 8properties have been on the marketfor an average of 202 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85259
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
8
$ 314,900
$ 63,900
$ 161,499
13
Trend Key:
In the last few weeks, the markethas been at a stasis point in terms ofsales to inventory. However, pricesseem to continue to fall a bit.Technically supply levels indicatethis is a Seller's market so it is likelythat the downward pricing pressurewill be light or variable. Watch foran up-shift in the MAI before pricestability is achieved.
Page 42 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday February 13, 2012
Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 43 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday February 13, 2012
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.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 44 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85259 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 30.85 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
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.
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.
Page 45 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85259
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 202 days. Half of the listings have come newly on the market in thepast 112 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 46 of 56
Condos & Townhomes in
Median List Price
31.8
Percent Relisted (reset DOM)
1426
2.0
3 %
Median Number of Bathrooms
117
Inventory of Properties Listed
$ 128
Percent Flip (price increased)
Median House Size (sq ft)
$ 176,950
30 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
±+
==
==
==
==
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
32 22080
1012.0 39
2.0
0
132
3.0 15
102
4
3
32
$ 160,000
4
3
15
2.2
22.0
940
15
$ 112,000
3.0
132
$ 199,900
3.0$ 339,900
39
2
1440
Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.
Monday February 13, 2012
15
1358
2.0
The median list price in SCOTTSDALE,AZ 85250 this week is $176,950. The60 properties have been on themarket for an average of 117 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85250
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
60
$ 690,000
$ 57,500
$ 206,428
33
Trend Key:
The market has not shown strongdirectional trends in terms of supplyand demand. However, inventory issufficiently low to keep us in theSeller's Market zone and prices havebeen moving upward as evidence.
Page 47 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday February 13, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 48 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday February 13, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 49 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85250 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 31.80 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
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.
Page 50 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85250
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in thepast 80 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 51 of 56
Condos & Townhomes in
Median List Price
28.0
Percent Relisted (reset DOM)
921
1.0
2 %
Median Number of Bathrooms
182
Inventory of Properties Listed
$ 48
Percent Flip (price increased)
Median House Size (sq ft)
$ 47,900
21 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
==
±+
±+
±+
≠≠
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
28 01434
2031.0 46
1.0
4
150
2.0 12
185
1
1
50
$ 42,900
1
1
12
2.0
21.0
720
12
$ 28,500
2.0
189
$ 57,200
3.0$ 119,500
34
0
943
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday February 13, 2012
11
912
1.0
The median list price in SCOTTSDALE,AZ 85257 this week is $47,900. The 47properties have been on the marketfor an average of 182 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
SCOTTSDALE, AZ85257
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
47
$ 220,000
$ 26,500
$ 64,540
40
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 52 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday February 13, 2012
Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 53 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday February 13, 2012
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.
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 54 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday February 13, 2012
Market Action IndexThe SCOTTSDALE, 85257 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 28.03 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
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.
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.
Page 55 of 56
Condos & Townhomes in
Neighborhood DetailSCOTTSDALE, AZ
85257
Monday February 13, 2012
Days on MarketThe properties have been on the market for an average of 182 days. Half of the listings have come newly on the market in thepast 113 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 56 of 56
Condos & Townhomes in
Bruce [email protected]