Monday August 3, 2015
Loren Pepperd's
Executive Summary
MANHATTAN, KS
Single Family Homes
This Week
The median list price in MANHATTAN, KS this week is $222,450.
The Market Action index has been trending down lately, while
days-on-market is climbing, providing mostly bearish signs for the
market.
Real-Time Market Profile
Trend
Median List Price
$ 222,450
Asking Price Per Square Foot
$ 87
Average Days on Market (DOM)
66
Percent of Properties with Price Decrease
46 %
Percent Relisted (reset DOM)
1%
Percent Flip (price increased)
1%
Median House Size (sq ft)
2486
Median Lot Size
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
±+
≠≠
==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has been cooling over time and prices have recently
flattened. Despite the consistent decrease in Market Action Index
(MAI), we're in a Seller's Market (where significant demand leaves
little inventory available). If the MAI begins to climb, prices will
likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.
±+
No change
3.0
Seller's Advantage
31.9
≠≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
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
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 301,500
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3639
0.25 - 0.50
acre
4.0
3.0
13
22
2
2
88
Most expensive 25% of properties
$ 255,000
2820
0.25 - 0.50
acre
4.0
3.0
8
22
2
3
50
Upper-middle 25% of properties
Lower/Third
$ 189,900
1954
0.25 - 0.50
acre
3.0
3.0
17
23
1
0
58
Lower-middle 25% of properties
Bottom/Fourth
$ 149,900
1700
6,501 8,000 sqft
3.0
2.0
36
23
2
1
68
Least expensive 25% of properties
Loren Pepperd | G&A Real Estate | (785) 537-7466
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC