The Housing Report Powered by Long Realty Research Center

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1 Rancho Vistoso May 2 As of April 2 active inventory was 7, a % decrease from April 2. There were 34 closings in April 2, 8% below April 2. Months of Inventory was 3.4, down from 3.6 in April 2. Median price of sold homes was $231,7 for the month of April 2, up % since April 2. Rancho Vistoso had 45 new properties under contract in April 2, up 36% from April Months of Inventory, Active Listings and Closings Active Listings Closings Months of Inventory 14. Pricing Active Listings/Closings These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/3/2. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property. Median and Average Price (Closed Sales) Average Price Median Price Months of Inventory These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/3/2. Information is believed to be reliable, but not guaranteed N. Oracle Rd #1, Arizona 85737

2 Rancho Vistoso May 2 6 New Properties Under Contract This graph depicts the new properties that have gone under contract in the given month. Percentage Number of New Properties Under Contract 4.% 35.% 3.% 25.% 2.% These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/3/2. Information is believed to be reliable, but not guaranteed. 34.6% Market Share 15.% 1.% 9.9% 9.6% 7.8% 5.% 5.2% 3.6%.% Long Realty Company Coldwell Banker Residential Brokerage Tierra Antigua Realty Russ Lyon Sotheby's Int Realty Keller Williams Southern AZ Stone Canyon Properties Inc Data Obtained 5/3/2 from TARMLS using BrokerMetrics software for all closed residential sales volume between 5/1/2-4/3/2 rounded to the nearest tenth on one percent and deemed to be correct N. Oracle Rd #1, Arizona 85737

3 Rancho Vistoso May 2 Price Banded Market Report Residential Homes Active Listings Homes Sold/Closed Months of Inventory Price Band $1-49,999 $5, - 74,999 $75, - 99,999 $1, - 4,999 $5, - 149,999 $15, - 174,999 $175, - 199,999 $2, - 224,999 $225, - 249,999 $25, - 274,999 $275, - 299,999 $3, - 349,999 $35, - 399,999 $4, - 499,999 $5, - 599,999 $6, - 699,999 $7, - 799,999 $8, - 899,999 $9, - 999,999 $1,, - and over TOTAL n/a n/a n/a 1 n/a 1 1 n/a These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/3/2. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property. Real estate is in fact very localized. Market conditions can vary greatly by not only geographic area but also by price range, as demonstrated in the above Long Realty Research Center chart. Find the price range of interest to you to track relevant market conditions, and contact me for a more in-depth analysis N. Oracle Rd #1, Arizona 85737

4 Rancho Vistoso May 2 Months of Inventory by Zip Code Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months Months These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 5/3/2. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property. Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered balanced when Months of Inventory is around 6. As you can see by this Long Realty Research Center map, market conditions can vary significantly by area. Contact me to get Months of Inventory information for your specific neighborhood N. Oracle Rd #1, Arizona 85737

5 Rancho Vistoso May 2 Months of Inventory Heat Map by Zip Code MONTHS MARKET -2 Seller s Market Normal Market Buyer s Market These statistics are based on information obtained from the TARMLS using Brokermetrics software on 5/3/2. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property N. Oracle Rd #1, Arizona 85737