Monday June 3, 2013
Luxe Estates
Collection's Executive
Summary
HENDERSON, NV 89052
Single Family Homes
This Week
The median list price in HENDERSON, NV 89052 this week is
$328,440.
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Real-Time Market Profile
Trend
Median List Price
$ 328,440
Asking Price Per Square Foot
$ 138
Average Days on Market (DOM)
132
Percent of Properties with Price Decrease
17 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
9%
Median House Size (sq ft)
2398
Median Lot Size
6,501 - 8,000 sqft
Median Number of Bedrooms
3.0
±+
==
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has shown some evidence of slowing recently. Both
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading
indicator for price changes.
±+
No change
3.5
Buyer's Advantage
27.7
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market for this zip code continues its bounce again this
week. We're a long way from the market's high point so watch
the Market Action Index to predict how long this trend will last.
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
$ 715,000
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
3806
0.25 - 0.50
acre
4.0
4.5
11
117
4
3
152
$ 385,000
2592
6,501 8,000 sqft
3.0
3.0
11
117
7
8
98
Upper-middle 25% of properties
Lower/Third
$ 268,500
2148
6,501 8,000 sqft
3.0
3.0
12
118
5
12
124
Lower-middle 25% of properties
Bottom/Fourth
$ 185,000
1764
4,501 6,500 sqft
3.0
3.0
10
118
2
9
153
Least expensive 25% of properties
Most expensive 25% of properties
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