6/28/2010 Keller Market Report

MARKET UPDATETamara Keilberg's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofJune 28, 2010

· Presented by Tamara KeilbergTamara Keilberg Luxury Real Estatewww.LuxuryHomesDFW.com - [email protected]

KELLER, TX

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC

Median List Price

Median Lot Size

16.4

Percent Relisted (reset DOM)

2628

2.5

5 %

Median Number of Bathrooms

109

Inventory of Properties Listed

$ 82

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 206,900

45 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Strong Buyer's

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±+

±+

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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 213808

992.5 5

3.0

20

112

4.0 273

92

21

18

0.25 - 0.50acre

6

$ 173,000

28

22

273

3.5

4,501 -6,500 sqft

132.5

1860 4,501 -6,500 sqft

273

$ 138,000

4.0

132

8,001 -10,000 sqft$ 249,900

4.0$ 395,950

7

30

2893

Inventory and days-on-market areboth trending higher recently.However, the improving MarketAction Index implies some increaseddemand will temper the negativetrends.

Monday June 28, 2010

Tamara Keilberg | Tamara Keilberg Luxury Real Estate | 8179965887

272

2365

2.0

The median list price in KELLER, TXthis week is $206,900. The 1091properties have been on the marketfor an average of 109 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±+

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KELLER, TXCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

1091

$ 2,000,000

$ 69,900

$ 250,090

8

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

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Single Family Homes in


City OverviewKELLER, TX


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 PricesPrice weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.

First/Top Second/Upper Third/Lower Fourth/Bottom

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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.


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.


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Market Action IndexThe KELLER market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index standsat 16.39. 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 given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


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.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

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Days on MarketThe properties have been on the market for an average of 109 days. Half of the listings have come newly on the market in thepast 70 or so days.


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.


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Median List Price

Median Lot Size

16.0


3184

3.0

3 %


140


$ 99


0.25 - 0.50 acre


$ 299,900

49 %

4.0

Market Action Index



8 %


Strong Buyer's

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±+

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


6 104262

1443.0 12

4.0

9

138

4.0 108

138

10

7

0.25 - 0.50acre

14

$ 264,745

11

7

108

4.0

8,001 -10,000 sqft

73.5

2182 6,501 -8,000 sqft

107

$ 169,900

4.0

143

0.25 - 0.50acre$ 349,900

4.0$ 524,000

10

10

3447

Days-on-market has been trending uprecently but the Market Action Indexand inventory levels are basically flatand not providing strong indicationsfor the market.



107

2900

2.0

The median list price in KELLER, TX76248 this week is $299,900. The 430properties have been on the marketfor an average of 140 days.






No change



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KELLER, TX 76248Neighborhood Detail


Average List Price


430

$ 2,000,000

$ 69,900

$ 340,723

12

Trend Key:

In terms of supply and demand, themarket is getting cooler - moresupply is coming on the marketrelative to the sales demand.However, in recent weeks priceshave been moving higher. Since it istechnically a Buyer's market, thisprice trend may be a result ofimproved quality (newer, largerhomes) of the homes being listed.Look at the descriptive statistics

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Neighborhood DetailKELLER, TX 76248


Median PriceWe continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.


Quartile PricesIn the quartile market segments, we see prices in this zip code with a lack of strong directional indication lately. Quartiles 2 and4 are down, while Quartiles 1 and 3 are up in recent weeks. Watch for persistent shifts in the Market Action Index for a leadingindicator of stronger price moves in the market as a whole.


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Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Market Action IndexThe KELLER, 76248 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 15.98. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





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Median List Price

Median Lot Size

16.7


2358

2.5

6 %


87


$ 76


4,501 - 6,500 sqft


$ 169,900

43 %

4.0

Market Action Index



9 %


Strong Buyer's

±+

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±+

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


4 73278

812.0 5

3.0

8

94

3.0 165

81

12

12

8,001 -10,000 sqft

6

$ 159,000

22

12

166

3.0

4,501 -6,500 sqft

122.5

1842 4,501 -6,500 sqft

165

$ 134,450

4.0

92

4,501 -6,500 sqft$ 187,813

4.0$ 267,990

5

17

2549

Even though the days-on-market istrending higher, so is the MarketAction Index at these inventorylevels, providing a neutral outlook forthe market.



165

2162

2.0

The median list price in KELLER, TX76244 this week is $169,900. The 661properties have been on the marketfor an average of 87 days.






No change



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KELLER, TX 76244Neighborhood Detail


Average List Price


661

$ 640,000

$ 77,500

$ 191,131

5

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

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Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 has beentrending a bit downward in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see pricesacross the board move from these levels.


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Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Market Action IndexThe KELLER, 76244 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 16.74. With several months of inventory available at the current sales rate, buyers should find ample choice.


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.





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6/28/2010 Keller Market Report

Documents

market areboth

market istrending

median pricethe market

trend key

percent of properties

improving marketaction

single family homes

percent flip price increased6