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Whether you are looking to buy, sell or rent a home in Queen Creek, Az, it is important to know what is happening in your market. This publication has all the data you will need to keep an eye on the market trends and updates in the Queen Creek, Az real estate market. See exactly what the Queen Creek market has done in the last 12 months and anticipate what is to come. It sumerizes average sales price, mean sales price, price per square foot, current inventory and much much more.
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MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofJanuary 16, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
QUEEN CREEK, AZ
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Median List Price
Median Lot Size
27.8
Percent Relisted (reset DOM)
2113
2.0
8 %
Median Number of Bathrooms
105
Inventory of Properties Listed
$ 58
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 123,700
25 %
4.0
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
7 182936
1032.0 7
3.0
20
91
4.0 173
113
26
22
5.0 - 10acres
7
$ 109,000
23
16
173
2.0
not available
212.0
1664 1.0 - 2.5acres
173
$ 80,000
4.0
115
not available$ 144,750
4.0$ 250,000
7
20
2184
The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
173
2064
2.0
The median list price in QUEENCREEK, AZ this week is $123,700. The692 properties have been on themarket for an average of 105 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
692
$ 2,174,777
$ 15,000
$ 161,925
8
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 2 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewQUEEN CREEK, AZ
Monday January 16, 2012
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent 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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewQUEEN CREEK, AZ
Monday January 16, 2012
Price per Square FootThe value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewQUEEN CREEK, AZ
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.81 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rateof demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than theothers. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on thepremium 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 5 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewQUEEN CREEK, AZ
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 105 days. Half of the listings have come newly on the market in thepast 78 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 31
Single Family Homes in
Median List Price
Median Lot Size
21.6
Percent Relisted (reset DOM)
2019
2.0
0 %
Median Number of Bathrooms
71
Inventory of Properties Listed
$ 49
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 104,500
11 %
4.0
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
10 01564
1342.0 6
4.0
0
42
3.5 2
59
1
0
not available
6
$ 101,750
1
0
3
2.0
not available
03.0
2019 not available
2
$ 82,000
4.5
56
not available$ 130,950
3.0$ 155,000
6
0
3354
Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
2
2404
2.0
The median list price in QUEENCREEK, AZ 85243 this week is$104,500. The 9 properties have beenon the market for an average of 71days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZ85243
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
9
$ 169,000
$ 80,000
$ 114,144
7
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 7 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85243
Monday January 16, 2012
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore 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 8 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85243
Monday January 16, 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 relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 9 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85243
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK, 85243 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 21.61. 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 10 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85243
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 71 days. Half of the listings have come newly on the market in thepast 85 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 31
Single Family Homes in
Median List Price
Median Lot Size
34.8
Percent Relisted (reset DOM)
2122
2.0
18 %
Median Number of Bathrooms
88
Inventory of Properties Listed
$ 62
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 95,000
36 %
4.0
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
6 13092
782.0 8
3.0
0
166
4.0 3
54
0
0
not available
8
$ 75,000
0
1
3
2.5
not available
12.0
1651 2.5 - 5.0acres
3
$ 50,000
4.0
39
not available$ 239,900
4.5$ 294,450
13
0
2311
The Market Action Index has beenbasically flat recently, and days-on-market decreasing, there are notstrong signals for the direction of themarket.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
2
1620
2.0
The median list price in QUEENCREEK, AZ 85242 this week is$95,000. The 11 properties have beenon the market for an average of 88days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZ85242
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
11
$ 324,000
$ 49,990
$ 149,408
9
Trend Key:
In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.
Page 12 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85242
Monday January 16, 2012
Median PriceAgain this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for atrough in prices.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85242
Monday January 16, 2012
Price per Square FootThe market's light downward trends are shared across both price and value. People are recently placing less value on homes(you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index asa precursor to price and value changes, possibly as inflection points for good investment opportunities.
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 14 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85242
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK, 85242 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 34.80 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 QuartileTwo of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current rateof demand. Notice that Quartiles 2 and 3 (the middle of the market) are showing stronger demand than either end, a Seller'smarket.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85242
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 88 days. Half of the listings have come newly on the market in thepast 56 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 31
Single Family Homes in
Median List Price
Median Lot Size
29.0
Percent Relisted (reset DOM)
2036
2.0
11 %
Median Number of Bathrooms
108
Inventory of Properties Listed
$ 53
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 114,900
22 %
4.0
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 32292
1042.0 7
3.0
3
120
4.0 42
103
5
6
not available
7
$ 95,950
8
2
43
2.0
not available
52.0
1622 0.25 - 0.50acre
42
$ 75,000
4.0
104
not available$ 132,440
3.0$ 233,698
7
6
2288
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
42
2065
2.0
The median list price in QUEENCREEK, AZ 85140 this week is$114,900. The 169 properties havebeen on the market for an average of108 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZ85140
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
169
$ 1,575,000
$ 15,000
$ 142,912
7
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 17 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85140
Monday January 16, 2012
Median PriceThough in this zip code this week saw relatively little price change from last week, the market seems to be show some signs ofstrength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85140
Monday January 16, 2012
Price per Square FootThe price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This canimply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investmentopportunity in the area.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85140
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK, 85140 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 28.96 so buyers should expect to find reasonable levels of selection.
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 20 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85140
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 108 days. Half of the listings have come newly on the market in thepast 92 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 31
Single Family Homes in
Median List Price
Median Lot Size
26.8
Percent Relisted (reset DOM)
2320
2.0
6 %
Median Number of Bathrooms
114
Inventory of Properties Listed
$ 69
Percent Flip (price increased)
2.5 - 5.0 acres
Median House Size (sq ft)
$ 151,250
28 %
4.0
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
7 43476
1122.0 8
3.0
8
93
4.0 62
112
13
14
not available
7
$ 135,250
7
4
62
3.0
not available
122.0
1750 1.0 - 2.5acres
61
$ 90,000
4.0
138
5.0 - 10acres$ 210,000
4.0$ 349,213
7
11
2716
Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
61
2138
2.0
The median list price in QUEENCREEK, AZ 85142 this week is$151,250. The 246 properties havebeen on the market for an average of114 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZ85142
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
246
$ 2,174,777
$ 19,000
$ 221,277
8
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85142
Monday January 16, 2012
Median PriceThough in this zip code this week saw relatively little price change from last week, the market seems to be show some signs ofstrength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85142
Monday January 16, 2012
Price per Square FootThe price per square foot is increasing a bit recently and overall price trends haven't shown a consistent upwardly push. This canimply that investment conditions are opportunistic. Watch the Remodel Index for a more detailed analysis of the investmentopportunity in the area.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85142
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK, 85142 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 26.80 so buyers should expect to find reasonable levels of selection.
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 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller'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 25 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85142
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 114 days. Half of the listings have come newly on the market in thepast 85 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 31
Single Family Homes in
Median List Price
Median Lot Size
26.5
Percent Relisted (reset DOM)
1908
2.0
7 %
Median Number of Bathrooms
97
Inventory of Properties Listed
$ 54
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 114,900
25 %
3.0
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
7 31896
732.0 7
3.0
13
99
4.0 64
130
10
5
not available
7
$ 104,000
5
6
64
2.0
not available
72.0
1630 not available
64
$ 77,750
4.0
88
not available$ 124,900
3.0$ 165,000
7
5
2167
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday January 16, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
63
1932
2.0
The median list price in QUEENCREEK, AZ 85143 this week is$114,900. The 255 properties havebeen on the market for an average of97 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
QUEEN CREEK, AZ85143
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
255
$ 265,000
$ 30,000
$ 119,264
7
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 27 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85143
Monday January 16, 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 forpersistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85143
Monday January 16, 2012
Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe 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 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 29 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85143
Monday January 16, 2012
Market Action IndexThe QUEEN CREEK, 85143 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 26.47 so buyers should expect to find reasonable levels of selection.
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 30 of 31
Single Family Homes in
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailQUEEN CREEK, AZ
85143
Monday January 16, 2012
Days on MarketThe properties have been on the market for an average of 97 days. Half of the listings have come newly on the market in thepast 71 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
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Single Family Homes in
