Market Update: Jennifer Pritchett

Jennifer Pritchett
MARKET UPDATE
ORANGE, 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

ORANGE, CA
This Week Real-Time Market Profile Trend

The median list price in ORANGE, CA Median List Price $ 568,950 ≠≠
this week is $568,950. The 366 Average List Price $ 692,555
properties have been on the market Asking Price Per Square Foot $ 284 ==
for an average of 199 days. Average Days on Market (DoM) 199 ≠≠
Inventory of Properties Listed 366 ==
Most Expensive Listing $ 3,750,000

With inventory trending up but days- Least Expensive Listing $ 165,000
on-market trending down and the Average Age of Listing 41

Market Action Index essentially flat Percent of Properties with Price Decrease 27 %
recently, conditions do not seem to Percent Relisted (reset DOM) 6%
have strong up or down pull. Percent Flip (price increased) 6%
Median House Size (sq ft) 2000
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Supply and Demand

Median Number of Bathrooms 2.0
Altos Research Value Statistics

The market has shown some Market Action Index Buyer's Advantage 23.2 ±+
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend
Characteristics per Quartile
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 1,099,000 3500 acre 4.0 3.0 23 91 12 5 216 Most expensive 25% of properties
6,501 -
Upper/Second $ 659,000 2200 8,000 sqft 4.0 2.0 34 91 10 7 206 Upper-middle 25% of properties
6,501 -
Lower/Third $ 475,000 1750 8,000 sqft 4.0 2.0 47 92 13 3 155 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 362,500 1358 6,500 sqft 3.0 1.5 52 92 12 15 221 Least expensive 25% of properties
Page 2 of 31 Monday February 15, 2010

Single Family Homes in
City Overview
ORANGE, 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
Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.
Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.
First/Top Second/Upper Third/Lower Fourth/Bottom

City Overview
ORANGE, CA
Price per Square Foot

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.
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.

City Overview
ORANGE, CA
Market Action Index

The ORANGE market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action
Index stands this week at 23.18 so buyers should expect find reasonable levels of selection.
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
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.

City Overview
ORANGE, CA
Days on Market
The properties have been on the market for an average of 199 days. Half of the listings have come newly on the market in the
past 119 or so days.
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.

Neighborhood Detail Single Family Homes in

ORANGE, CA
92869
The median list price in ORANGE, CA Median List Price $ 698,000 ==
92869 this week is $698,000. The 106 Average List Price $ 965,149

Inventory is up and Market Action is Least Expensive Listing $ 210,000
trending down recently. While days- Average Age of Listing 33

on-market appears to be trending Percent of Properties with Price Decrease 30 %
lower, the overall conditions are Percent Relisted (reset DOM) 4%
weakening a bit. Percent Flip (price increased) 3%
Supply and Demand


The market has shown some Market Action Index Buyer's Advantage 24.3 ≠≠
1.0 - 2.5
Top/First $ 1,795,000 5000 acres 5.0 3.5 31 26 2 2 270 Most expensive 25% of properties
8,001 -
6,501 -
4,501 -

Neighborhood Detail
ORANGE, CA
92869
Median Price
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.
Quartile Prices
In the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit of
an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the
board move from these levels.

Neighborhood Detail
ORANGE, CA
92869

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently
increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action
Index for persistent changes as a leading indicator for these trends to flatten or drop.


Neighborhood Detail
ORANGE, CA
92869
Market Action Index

The ORANGE, 92869 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market
Action Index stands this week at 24.33 so buyers should expect find reasonable levels of selection.

Three of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the current
levels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyers
seem to be placing emphasis on the premium homes.

Neighborhood Detail
ORANGE, CA
92869
Days on Market



ORANGE, CA
92867
The median list price in ORANGE, CA Median List Price $ 624,900 ≠≠


Supply and Demand


Inventory levels have been relatively Market Action Index Buyer's Advantage 23.4 ±+
consistent relative to sales. Despite The Market Action Index answers the question "How's the Market?" By measuring
the fact that there is a relatively implies a seller's advantage. Below 30, conditions give the advantage to the
high amount of available inventory, buyer.
this Buyer's market is still seeing
prices move higher. Given inventory Trend Key: == Strong upward trend ≠≠ Strong downward trend
levels, these price conditions are ±+ No change = Slight upward trend ≠ Slight downward trend
relatively fragile. If the market
cools off further, the price trend is
likely to reverse.
0.25 - 0.50
Top/First $ 1,015,000 3636 acre 4.0 3.0 13 36 3 1 214 Most expensive 25% of properties
6,501 -
6,501 -
6,501 -

Neighborhood Detail
ORANGE, CA
92867
Median Price
This week prices in this zip code 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 trough in the market.
Quartile Prices
In the quartile market segments of this zip code, we see a lack directional indication lately. Quartiles 1 and 4 are up while
Quartiles 2 and 3 have plateaued in recent weeks. Watch for persistent shifts in the Market Action Index for a leading indicator
of stronger price moves in the market as a whole.

Neighborhood Detail
ORANGE, CA
92867

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.


Neighborhood Detail
ORANGE, CA
92867
Market Action Index

The ORANGE, 92867 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market
Action Index stands this week at 23.37 so buyers should expect find reasonable levels of selection.

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

Neighborhood Detail
ORANGE, CA
92867
Days on Market



ORANGE, CA
92868
The median list price in ORANGE, CA Median List Price $ 350,000 ±+
properties have been on the market Asking Price Per Square Foot $ 255 ±+
Inventory of Properties Listed 31 ≠≠
Most Expensive Listing $ 650,000

Inventory is tightening and days-on- Least Expensive Listing $ 265,000
market is falling. The Market Action Average Age of Listing 58

Index shows demand heating up. Percent of Properties with Price Decrease 35 %
These are relatively bullish signs for Percent Relisted (reset DOM) 13 %
prices. Percent Flip (price increased) 10 %
Supply and Demand


The market has shown some Market Action Index Strong Buyer's 19.8 ==
4,501 -
Top/First $ 435,000 1820 6,500 sqft 4.0 2.0 72 7 1 0 222 Most expensive 25% of properties
4,501 -
4,501 -
4,501 -

Neighborhood Detail
ORANGE, CA
92868
Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
Quartile Prices
In the quartile market segments, we see while the lower-half of the market has seen negative price pressures lately, prices in
the upper-half of the market have been mixed. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1
and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

Neighborhood Detail
ORANGE, CA
92868

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Neighborhood Detail
ORANGE, CA
92868
Market Action Index

The ORANGE, 92868 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 19.80. With several months of inventory available at the current sales rate, buyers should find ample choice.


Neighborhood Detail
ORANGE, CA
92868
Days on Market
past 84 or so days.



ORANGE, CA
92865
for an average of 191 days. Average Days on Market (DoM) 191 ±+
Most Expensive Listing $ 695,000

Demand measured by the Market Least Expensive Listing $ 230,000
Action Index is increasing and days- Average Age of Listing 43

on-market is holding steady. With Percent of Properties with Price Decrease 19 %
more properties coming available, Percent Relisted (reset DOM) 2%
conditions are mildly positive. Percent Flip (price increased) 9%
Supply and Demand


The market has shown some Market Action Index Strong Buyer's 20.8 ==
6,501 -
6,501 -
6,501 -
Less than

Neighborhood Detail
ORANGE, CA
92865
Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all
four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from
these current levels.

Neighborhood Detail
ORANGE, CA
92865

The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.


Neighborhood Detail
ORANGE, CA
92865
Market Action Index



Neighborhood Detail
ORANGE, CA
92865
Days on Market
past 98 or so days.



ORANGE, CA
92866
properties have been on the market Asking Price Per Square Foot $ 364 ±+


Supply and Demand


The market has shown some Market Action Index Strong Buyer's 14.8 ±+
6,501 -
6,501 -
6,501 -
6,501 -

Neighborhood Detail
ORANGE, CA
92866
Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly move from these levels.
Quartile Prices
In the quartile market segments, we see prices in this zip code have not established strong directional correlation across the
quartiles. Quartiles 1 and 4 have been in price decline in recent weeks, with Quartiles 2 and 3 remaining basically flat. Look to
the Market Action Index as a leading indicator of the bottom of the market.

Neighborhood Detail
ORANGE, CA
92866

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.


Neighborhood Detail
ORANGE, CA
92866
Market Action Index



Neighborhood Detail
ORANGE, CA
92866
Days on Market


Market Update: Jennifer Pritchett

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Jennifer Pritchett

· Current Real Estate Market Conditions for Single Family Homes

· Report for the week of

· Presented by Your Orange County Real Estate Connection

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

This Week Real-Time Market Profile Trend

Inventory of Properties Listed 366 ==

Most Expensive Listing $ 3,750,000

on-market trending down and the Average Age of Listing 41

Supply and Demand

Altos Research Value Statistics

Characteristics per Quartile

Page 2 of 31 Monday February 15, 2010

7-day Average 90-day Average

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

Page 3 of 31 Monday February 15, 2010

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Page 4 of 31 Monday February 15, 2010

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

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

Page 5 of 31 Monday February 15, 2010

7-day Average 90-day Average

Days on Market per Quartile

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

Page 6 of 31 Monday February 15, 2010

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

Inventory of Properties Listed 106 ==

Most Expensive Listing $ 3,750,000

trending down recently. While days- Average Age of Listing 33

Supply and Demand

Altos Research Value Statistics

Characteristics per Quartile

Page 7 of 31 Monday February 15, 2010

7-day Average 90-day Average

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

Page 8 of 31 Monday February 15, 2010

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Page 9 of 31 Monday February 15, 2010

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

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

Page 10 of 31 Monday February 15, 2010

7-day Average 90-day Average

Days on Market per Quartile

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

Page 11 of 31 Monday February 15, 2010

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

Inventory of Properties Listed 147 ==

Most Expensive Listing $ 1,750,000

on-market trending down and the Average Age of Listing 36