Monday May 16, 2016
Randy White's Executive
Summary
COLLEYVILLE, TX 76034
Single Family Homes
This Week
The median list price in COLLEYVILLE, TX 76034 this week is
$679,950.
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a
weakening market.
Real-Time Market Profile
Trend
Median List Price
$ 679,950
Asking Price Per Square Foot
$ 171
Average Days on Market (DOM)
103
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
4%
Median House Size (sq ft)
4150
Median Lot Size
0.50 - 1.0 acre
Median Number of Bedrooms
4.0
±+
±+
=
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market remains in a relative stasis in terms of sales to
inventory. Prices have not been moving higher for several weeks.
However, inventory is sufficiently low to keep us in the Seller's
Market zone so watch changes in the MAI. If the market heats up
persistently, prices are likely to resume an upward climb.
±+
No change
4.0
Seller's Advantage
32.1
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Prices in this zip code seem to have settled around a plateau.
Look for a persistent down-shift in the Market Action Index
before we see prices deviate from these levels.
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
$ 1,290,000
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
6140
0.50 - 1.0
acre
5.0
5.5
12
48
1
1
178
Most expensive 25% of properties
$ 814,000
4720
0.50 - 1.0
acre
4.0
4.5
10
48
5
2
104
Upper-middle 25% of properties
Lower/Third
$ 639,900
3598
0.25 - 0.50
acre
4.0
3.5
14
49
5
5
79
Lower-middle 25% of properties
Bottom/Fourth
$ 445,000
2900
0.25 - 0.50
acre
4.0
3.0
29
49
8
4
53
Least expensive 25% of properties
Randy White | Randy White & Associates | (817) 865-6400
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