residential focus july 2009 residential home sale
DESCRIPTION
Market snapshot of residential home sale activity in the Greater Phoenix areaTRANSCRIPT
Median Price (FS, UC, Sold)Market Dynamics The Melcher Agency
1 ofBrokerMetrics® 2 08/03/09Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
Arizona Regional MLSProperty Types:
Bedrooms: Bathrooms:ARMLS 2 Years (Monthly) AllConstruction Type: All AllPeriod:
All MLS:Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
MLS: AllPrice:
2 Years (Monthly) 07/01/07 - 07/31/09
KEY INFORMATION
For Sale 282,000 179,900 -102,100
Jul-07 Median Price ChangeJul-09
259,900Under Contract 124,900 -135,000260,000Sold 127,000 -133,000
Percent Change
-51.9-51.2
-36.2
Lot Size: AllSq Ft: All
Market DynamicsMedian Price (FS, UC, Sold)
The Melcher Agency
2 Years (Monthly) 07/01/07 - 07/31/09
Median $ # Properties Median $Median $ # Properties # PropertiesMedian $ # PropertiesFOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS
Median $ # PropertiesTime Period
179,900Jul-09 8,408 127,000 8,895 145,000124,90049,490 12,108199,900 5,290179,900Jun-09 9,880 125,830 9,160 142,900129,90052,433 12,321215,000 5,171181,000May-09 9,273 120,000 9,106 147,900127,90055,150 10,716219,900 5,765179,000Apr-09 10,395 116,000 8,368 149,900120,99060,881 10,866199,900 6,052174,900Mar-09 9,167 120,000 7,431 139,900120,00066,141 13,971182,000 6,959175,000Feb-09 6,968 125,000 5,317 149,900122,50065,943 12,381179,500 6,805179,000Jan-09 5,707 130,000 4,605 160,000129,90068,061 13,440199,900 8,792179,900Dec-08 4,887 144,000 5,408 139,000137,50067,265 11,668199,900 7,757189,900Nov-08 4,339 152,000 4,264 157,000147,50067,018 12,141210,000 7,082195,900Oct-08 4,940 165,000 5,263 161,900152,00067,456 14,336219,000 7,639200,000Sep-08 5,278 172,500 5,981 169,900167,26266,290 13,929225,000 7,892213,500Aug-08 5,484 186,000 5,496 175,000175,00065,529 13,261232,000 7,684220,000Jul-08 6,901 192,700 5,798 181,966189,00067,966 13,196238,950 8,797229,900Jun-08 6,107 204,900 5,572 192,000199,90070,039 13,250249,800 9,162239,000May-08 5,690 210,000 5,445 205,000210,00071,178 12,746252,000 8,699244,900Apr-08 5,480 217,000 4,666 219,900219,90072,532 13,457249,900 8,620249,900Mar-08 4,575 217,950 4,132 224,900224,87871,898 13,174260,000 8,248250,000Feb-08 3,873 220,000 3,288 232,272226,67770,464 12,700260,000 7,867255,500Jan-08 3,448 227,350 2,780 239,999229,90070,163 15,540260,000 8,951260,000Dec-07 2,779 235,000 3,254 239,000239,90067,833 8,706269,900 10,431265,000Nov-07 3,103 241,838 3,192 245,250249,90070,956 11,284274,945 8,726269,900Oct-07 3,368 240,000 3,312 250,000249,60073,018 13,834279,900 9,978274,999Sep-07 3,072 243,000 3,261 255,000250,00071,497 12,515284,000 9,241279,000Aug-07 3,603 250,000 4,165 259,900255,00071,920 14,423289,000 9,335282,000Jul-07 4,101 260,000 4,552 264,900259,90070,158 13,467295,000 8,560
2 08/03/092 ofBrokerMetrics®
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
2BrokerMetrics® 1 ofInformation not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/09
Market DynamicsSupply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 07/01/07 - 07/31/09
The Melcher Agency
Price:
49,490
AllAll All
8,408-20,668
Property Types:ARMLS
Under Contract4,552
For Sale
MLS: All
4,101
Bathrooms:
8,895
70,158
Sold
All
105.04,307
Construction Type:
# Units Change
Sq Ft:
Jul-07
2 Years (Monthly)
All MLS:
All
-29.5
Lot Size:Period:
95.4
Jul-09
Bedrooms:
KEY INFORMATION
Percent Change
4,343
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)Arizona Regional MLS
Supply & Demand - # Units (FS, UC, Sold)2 Years (Monthly) 07/01/07 - 07/31/09
Market Dynamics The Melcher Agency
# Properties # PropertiesAverage DOM# PropertiesSOLD
# PropertiesFOR SALE
Average DOM Average DOMUNDER CONTRACT
Average DOMNEW LISTINGS
# PropertiesEXPIRED
Time Period
122 12,108Jul-09 16373 5,29062 8,8958,40849,490125 12,321Jun-09 17185 5,17177 9,1609,88052,433129 10,716May-09 16281 5,76584 9,1069,27355,150125 10,866Apr-09 15783 6,05282 8,36810,39560,881121 13,971Mar-09 15085 6,95983 7,4319,16766,141121 12,381Feb-09 14482 6,80584 5,3176,96865,943124 13,440Jan-09 16773 8,79281 4,6055,70768,061124 11,668Dec-08 15872 7,75773 5,4084,88767,265119 12,141Nov-08 15169 7,08269 4,2644,33967,018116 14,336Oct-08 14873 7,63968 5,2634,94067,456116 13,929Sep-08 15273 7,89273 5,9815,27866,290118 13,261Aug-08 15381 7,68476 5,4965,48465,529118 13,196Jul-08 15091 8,79785 5,7986,90167,966120 13,250Jun-08 15999 9,16294 5,5726,10770,039120 12,746May-08 15297 8,69996 5,4455,69071,178118 13,457Apr-08 151103 8,62097 4,6665,48072,532119 13,174Mar-08 15499 8,248101 4,1324,57571,898117 12,700Feb-08 148103 7,86799 3,2883,87370,464117 15,540Jan-08 144108 8,951106 2,7803,44870,163124 8,706Dec-07 162103 10,431110 3,2542,77967,833115 11,284Nov-07 14095 8,72698 3,1923,10370,956110 13,834Oct-07 14097 9,97897 3,3123,36873,018109 12,515Sep-07 13894 9,24195 3,2613,07271,497105 14,423Aug-07 13392 9,33596 4,1653,60371,920104 13,467Jul-07 13394 8,56096 4,5524,10170,158
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
08/03/092 ofBrokerMetrics® 2
The Melcher AgencyMarket Dynamics
2 Years (Monthly) 07/01/07 - 07/31/09Basic Absorption
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 08/03/09 21 of
MLS:
-1,359Residual Inventory
Jul-07
13,467
All
27,052
AllResidential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)Property Types:
AllBathrooms:Construction Type:
12,1088,408
44,949
AllPrice:
Change
All
105.0-10.1-39.8
Sq Ft:
-17,897
Lot Size:Bedrooms:
4,101
KEY INFORMATION
All
All MLS:
4,307
Jul-09
New
ARMLS
Percent Change
Arizona Regional MLS
2 Years (Monthly)
Under Contract
Period:
Basic AbsorptionMarket Dynamics The Melcher Agency
2 Years (Monthly) 07/01/07 - 07/31/09
Period Properties Listed# Properties
Under Contract# New # Residual
Inventory PropertiesUnder Contract /
New %Under Contract /
Residual Inventory %Time
8,408Jul-09 12,108 69.4427,052 31.089,880Jun-09 12,321 80.1928,322 34.889,273May-09 10,716 86.5331,814 29.15
10,395Apr-09 10,866 95.6735,777 29.059,167Mar-09 13,971 65.6138,561 23.776,968Feb-09 12,381 56.2841,505 16.795,707Jan-09 13,440 42.4641,685 13.694,887Dec-08 11,668 41.8844,313 11.034,339Nov-08 12,141 35.7444,625 9.724,940Oct-08 14,336 34.4642,193 11.715,278Sep-08 13,929 37.8940,763 12.955,484Aug-08 13,261 41.3540,685 13.486,901Jul-08 13,196 52.3040,747 16.946,107Jun-08 13,250 46.0942,878 14.245,690May-08 12,746 44.6445,186 12.595,480Apr-08 13,457 40.7246,093 11.894,575Mar-08 13,174 34.7346,823 9.773,873Feb-08 12,700 30.5046,842 8.273,448Jan-08 15,540 22.1943,269 7.972,779Dec-07 8,706 31.9246,362 5.993,103Nov-07 11,284 27.5048,475 6.403,368Oct-07 13,834 24.3546,642 7.223,072Sep-07 12,515 24.5547,347 6.493,603Aug-07 14,423 24.9845,458 7.934,101Jul-07 13,467 30.4544,949 9.12
Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
22 ofBrokerMetrics® 08/03/09
08/03/09 2Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 1 of
Months Supply of Inventory (MSI)Market Dynamics
2 Years (Monthly) 07/01/07 - 07/31/09
The Melcher Agency
All MLS:
-69.6
Price:
62
ARMLS Bedrooms:
-34
Period:
Jul-09MSI
2 Years (Monthly)
Arizona Regional MLS
4.3
Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)
Percent Change
96
Property Types:
KEY INFORMATION
DOM
AllAll Lot Size:All
-9.8Jul-0714.0
Change
Sq Ft:AllAll Bathrooms:MLS: AllConstruction Type:
-35.5
The Melcher AgencyMarket DynamicsMonths Supply of Inventory (MSI)
2 Years (Monthly) 07/01/07 - 07/31/09
Period NAR MSI # Properties SoldUnder ContractAverage DOM
Months Supplyof Inventory
# Properties For SaleLast Day of Month
# PropertiesUnder Contract
Time
4.0Jul-09 8,408 62 8,89535,7924.3
4.1Jun-09 9,880 77 9,16037,3823.8
4.4May-09 9,273 84 9,10640,1124.3
5.3Apr-09 10,395 82 8,36844,4344.3
6.7Mar-09 9,167 83 7,43150,0155.5
9.8Feb-09 6,968 84 5,31752,1707.5
11.6Jan-09 5,707 81 4,60553,5629.4
10.1Dec-08 4,887 73 5,40854,62111.2
13.0Nov-08 4,339 69 4,26455,59712.8
10.4Oct-08 4,940 68 5,26354,87711.1
8.9Sep-08 5,278 73 5,98153,12010.1
9.5Aug-08 5,484 76 5,49652,3619.5
9.0Jul-08 6,901 85 5,79852,2687.6
9.8Jun-08 6,107 94 5,57254,7709.0
10.4May-08 5,690 96 5,44556,78910.0
12.5Apr-08 5,480 97 4,66658,43210.7
14.3Mar-08 4,575 101 4,13259,07512.9
17.9Feb-08 3,873 99 3,28858,72415.2
20.8Jan-08 3,448 106 2,78057,76416.8
16.8Dec-07 2,779 110 3,25454,62319.7
18.5Nov-07 3,103 98 3,19259,12719.1
18.0Oct-07 3,368 97 3,31259,67217.7
18.1Sep-07 3,072 95 3,26159,18419.3
14.2Aug-07 3,603 96 4,16558,98216.4
12.6Jul-07 4,101 96 4,55257,49714.0
2 of 2 08/03/09
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