Your Local

MARKET UPDATE
CARLSBAD, CA 92009

· 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

May 03, 2010

· Presented by Pickford Escrow - San Diego

Pickford Escrow and The Escrow Firm
jcurtis@pickfordescrow.com
(858) 525-5478

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 City Overview Single Family Homes in

Pickford Escrow and The Escrow Firm

CARLSBAD, CA

This Week Real-Time Market Profile Trend

The median list price in CARLSBAD, Median List Price $ 789,250 ≠≠
CA this week is $789,250. The 420 Average List Price $ 1,016,006
properties have been on the market Asking Price Per Square Foot $ 288 ±+
for an average of 141 days. Average Days on Market (DoM) 141 ±+

Inventory of Properties Listed 420 ==

Most Expensive Listing $ 14,900,000

The Market Action Index has been Least Expensive Listing $ 189,000

trending down lately, while inventory Average Age of Listing 17

is climbing. These trends imply a Percent of Properties with Price Decrease 37 %
weakening market. Percent Relisted (reset DOM) 13 %
Percent Flip (price increased) 7%
Median House Size (sq ft) 2848
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.0

Altos Research Value Statistics

The Market Action Index has been Market Action Index Strong Buyer's 20.5 ≠≠
trending lower 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 prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

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

0.25 - 0.50
Top/First $ 1,325,000 4008 acre 5.0 4.5 9 105 4 3 181 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 869,000 3227 acre 4.0 3.5 8 105 8 5 136 Upper-middle 25% of properties

8,001 -
Lower/Third $ 699,000 2597 10,000 sqft 4.0 3.0 12 105 10 11 122 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 550,000 1970 10,000 sqft 3.0 2.5 24 105 11 11 126 Least expensive 25% of properties

Page 2 of 11 Monday May 3, 2010

 Single Family Homes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Median Price
The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

7-day Average 90-day Average

Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 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.

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

Page 3 of 11 Monday May 3, 2010

 Single Family Homes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Price per Square Foot

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.

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 11 Monday May 3, 2010

 Single Family Homes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Market Action Index

The CARLSBAD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 20.46. 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 11 Monday May 3, 2010

 Single Family Homes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Days on Market
The properties have been on the market for an average of 141 days. Half of the listings have come newly on the market in the
past 70 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 11 Monday May 3, 2010

 Neighborhood Detail Single Family Homes in

Pickford Escrow and The Escrow Firm

CARLSBAD, CA
92009

This Week Real-Time Market Profile Trend

The median list price in CARLSBAD, Median List Price $ 797,000 ±+
CA 92009 this week is $797,000. The Average List Price $ 880,693
223 properties have been on the Asking Price Per Square Foot $ 276 ±+
market for an average of 135 days. Average Days on Market (DoM) 135 ±+

Inventory of Properties Listed 223 ==

Most Expensive Listing $ 3,399,500

The Market Action Index has been Least Expensive Listing $ 349,000

trending down lately, while inventory Average Age of Listing 15

is climbing. These trends imply a Percent of Properties with Price Decrease 39 %
weakening market. Percent Relisted (reset DOM) 13 %
Percent Flip (price increased) 7%
Median House Size (sq ft) 3020
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.5

Altos Research Value Statistics

Inventory levels have been relatively Market Action Index Strong Buyer's 20.2 ≠≠
consistent relative to sales. Despite 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
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.

Characteristics per Quartile

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

0.25 - 0.50
Top/First $ 1,375,000 4390 acre 5.0 4.5 7 55 4 1 137 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 867,000 3438 acre 4.0 4.0 8 56 4 3 153 Upper-middle 25% of properties

8,001 -
Lower/Third $ 722,450 2756 10,000 sqft 4.0 3.0 16 56 4 5 132 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 550,000 2056 8,000 sqft 4.0 2.5 24 56 6 10 119 Least expensive 25% of properties

Page 7 of 11 Monday May 3, 2010

 Single Family Homes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92009

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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see pricing across most of this zip code 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 8 of 11 Monday May 3, 2010

 Single Family Homes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92009

Price per Square Foot

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.

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 9 of 11 Monday May 3, 2010

 Single Family Homes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92009

Market Action Index

The CARLSBAD, 92009 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 20.18. 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, 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.

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 10 of 11 Monday May 3, 2010

 Single Family Homes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92009

Days on Market
The properties have been on the market for an average of 135 days. Half of the listings have come newly on the market in the
past 63 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 11 of 11 Monday May 3, 2010