Kelli Grant Realty Group Market Report Executive Summary

Monday December 31, 2012

SCOTTSDALE, AZ
Single Family Homes

This Week
The median list price in SCOTTSDALE, AZ this week is $667,000. With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook.

Real-Time Market Profile Median List Price $ 667,000 Asking Price Per Square Foot $ 220 Average Days on Market (DOM) 169 Percent of Properties with Price Decrease 30 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 5% Median House Size (sq ft) 3053 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Strong Buyer's 3.0 18.9

Trend == + +

Supply and Demand

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Price
Despite this week's down tic, price trends have generally been moving up lately. Prices are below the market's high point, and so watch the Market Action Index as an indicator of how long this trend will last.

Market Action Index

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
1.0 - 2.5 acres 0.50 - 1.0 acre 0.25 - 0.50 acre 6,501 8,000 sqft

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 1,950,000 $ 838,765 $ 529,000 $ 299,000

5216 3518 2678 1825

4.0 4.0 4.0 3.0

5.0 3.0 3.0 2.0

10 15 16 31

454 454 454 454

9 12 20 70

13 16 29 46

259 183 134 102

Kelli Grant Group | www.PhoenixHomeResource.com

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