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    Market Update: Jennifer Pritchett

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    Market Update: Jennifer Pritchett

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    Jennifer Pritchett
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    LAGUNA WOODS

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    42 views6 pages

    Market Update: Jennifer Pritchett

    Uploaded by

    Jennifer Pritchett

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Jennifer Pritchett

    MARKET UPDATE
    LAGUNA WOODS, CA

    · Current Real Estate Market Conditions for Single Family Homes


    · Trends in Pricing
    · Current Levels of Supply and Demand
    · Value Metrics

    · Report for the week of


    February 15, 2010

    · Presented by Your Orange County Real Estate Connection


    Coldwell Banker Residential Brokerage
    jpritchett@coldwellbanke.com
    949-212-5279

    Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
    City Overview Single Family Homes in

    Jennifer Pritchett Account | Coldwell Banker | 949-212-5279


    LAGUNA
    WOODS, CA
    This Week Real-Time Market Profile Trend
    The median list price in LAGUNA Median List Price $ 224,900 ≠≠
    WOODS, CA this week is $224,900. Average List Price $ 221,433
    The 6 properties have been on the Asking Price Per Square Foot $ 156 ≠≠
    market for an average of 86 days. Average Days on Market (DoM) 86 ≠≠

    Inventory of Properties Listed 6 ==

    Most Expensive Listing $ 349,900


    With inventory trending up but days- Least Expensive Listing $ 114,900

    on-market trending down and the Average Age of Listing 42


    Market Action Index essentially flat Percent of Properties with Price Decrease 33 %
    recently, conditions do not seem to Percent Relisted (reset DOM) 0%
    have strong up or down pull. Percent Flip (price increased) 0%
    Median House Size (sq ft) 1312
    Median Lot Size not available
    Median Number of Bedrooms 2.0

    Supply and Demand


    Median Number of Bathrooms 2.0

    Altos Research Value Statistics


    Home sales have been exceeding Market Action Index Strong Buyer's 9.0 ±+
    new inventory for several weeks. 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
    While still a Buyer's market, prices implies a seller's advantage. Below 30, conditions give the advantage to the
    seem to have responded by moving buyer.
    upward. If the demand trends
    continue, expect prices to keep Trend Key: == Strong upward trend ≠≠ Strong downward trend
    marching upward, especially once ±+ No change = Slight upward trend ≠ Slight downward trend
    we see a Seller's Market.

    Characteristics per Quartile

    Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

    Top/First $ 349,900 1324 not available 2.0 2.0 42 1 0 0 49 Most expensive 25% of properties

    Upper/Second $ 259,000 1300 not available 2.0 2.0 45 1 0 0 98 Upper-middle 25% of properties

    Lower/Third $ 224,900 1431 not available 2.5 2.5 40 2 0 1 122 Lower-middle 25% of properties

    Bottom/Fourth $ 134,950 1065 not available 1.5 2.0 44 2 0 0 63 Least expensive 25% of properties

    Page 2 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
    LAGUNA
    WOODS, CA

    Median Price
    This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in
    the Market Action Index, so watch that chart to try to identify a change in the market.

    7-day Average 90-day Average

    Quartile Prices
    Pricing across most of the market has been relatively strong recently. While Quartile 3 is basically flat, all other segments are in
    an up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 3 will assume a similar
    trend with the other groups.

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

    Page 3 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
    LAGUNA
    WOODS, CA

    Price per Square Foot


    The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
    see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
    precursor to price and value changes, possibly as inflection points for good investment opportunities.

    7-day Average 90-day Average

    Inventory of Properties Listed for Sale


    Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
    Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

    7-day Average 90-day Average

    Page 4 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
    LAGUNA
    WOODS, CA

    Market Action Index


    The LAGUNA WOODS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
    Index stands at 8.98. With several months of inventory available at the current sales rate, buyers should find ample choice.

    90-day Average Buyers/Sellers Cutoff

    Market Action Index per Quartile


    Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
    inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
    shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

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

    Buyers/Sellers Cutoff
    Residential house prices are a function of supply and demand, and market conditions can be characterized by
    analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
    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 function of the
    current rate of sale versus current inventory.

    Page 5 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
    LAGUNA
    WOODS, CA

    Days on Market
    The properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in the
    past 74 or so days.

    7-day Average 90-day Average

    Days on Market per Quartile


    It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

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

    Page 6 of 6 Monday February 15, 2010

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