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    San Diego Market Update

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    miguelnunez
    The real estate market in San Diego, CA is currently favoring buyers, with a median home price of $525,000 and average days on market of 98 days. Inventory levels have been rising in recent weeks while prices have remained stable. The market action index of 22.5 indicates buyers have a strong advantage. All price quartiles are in the buyer's market range, suggesting homes across price points are staying on the market longer than usual.

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    San Diego Market Update

    Uploaded by

    miguelnunez
    48 views5 pages
    The real estate market in San Diego, CA is currently favoring buyers, with a median home price of $525,000 and average days on market of 98 days. Inventory levels have been rising in recent weeks while prices have remained stable. The market action index of 22.5 indicates buyers have a strong advantage. All price quartiles are in the buyer's market range, suggesting homes across price points are staying on the market longer than usual.

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    The real estate market in San Diego, CA is currently favoring buyers, with a median home price of $525,000 and average days on market of 98 days. Inventory levels have been rising in recent weeks while prices have remained stable. The market action index of 22.5 indicates buyers have a strong advantage. All price quartiles are in the buyer's market range, suggesting homes across price points are staying on the market longer than usual.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    48 views5 pages

    San Diego Market Update

    Uploaded by

    miguelnunez
    The real estate market in San Diego, CA is currently favoring buyers, with a median home price of $525,000 and average days on market of 98 days. Inventory levels have been rising in recent weeks while prices have remained stable. The market action index of 22.5 indicates buyers have a strong advantage. All price quartiles are in the buyer's market range, suggesting homes across price points are staying on the market longer than usual.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    City Overview Single Family Homes in

    Pickford Escrow and The Escrow Firm


    SAN DIEGO, CA

    This Week Real-Time Market Profile Trend


    The median list price in SAN DIEGO, Median List Price $ 525,000 ==
    CA this week is $525,000. The 2625 Average List Price $ 720,540
    properties have been on the market Asking Price Per Square Foot $ 286 ±+
    for an average of 98 days. Average Days on Market (DoM) 98 ±+

    Inventory of Properties Listed 2625 ==

    Most Expensive Listing $ 13,500,000


    The Market Action Index has been Least Expensive Listing $ 39,999

    trending down lately, while inventory Average Age of Listing 39


    is climbing. These trends imply a Percent of Properties with Price Decrease 35 %
    weakening market. Percent Relisted (reset DOM) 8%
    Percent Flip (price increased) 7%
    Median House Size (sq ft) 1798
    Median Lot Size 6,501 - 8,000 sqft
    Median Number of Bedrooms 4.0

    Supply and Demand


    Median Number of Bathrooms 2.5

    Altos Research Value Statistics


    In terms of supply and demand, the Market Action Index Strong Buyer's 22.5 ≠≠
    market is getting cooler - more 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
    supply is coming on the market implies a seller's advantage. Below 30, conditions give the advantage to the
    relative to the sales demand. buyer.
    However, in recent weeks prices
    have been moving higher. Since it is Trend Key: == Strong upward trend ≠≠ Strong downward trend
    technically a Buyer's market, this ±+ No change = Slight upward trend ≠ Slight downward trend
    price trend may be a result of
    improved quality (newer, larger
    homes) of the homes being listed.
    Look at the descriptive statistics

    Characteristics per Quartile

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

    0.25 - 0.50
    Top/First $ 1,199,444 3408 acre 4.0 3.5 10 656 51 33 132 Most expensive 25% of properties

    6,501 -
    Upper/Second $ 649,000 2058 8,000 sqft 4.0 2.5 32 656 61 64 80 Upper-middle 25% of properties

    4,501 -
    Lower/Third $ 409,950 1513 6,500 sqft 3.0 2.0 44 656 68 68 84 Lower-middle 25% of properties

    4,501 -
    Bottom/Fourth $ 240,000 1229 6,500 sqft 3.0 2.0 50 657 64 74 95 Least expensive 25% of properties

    Page 2 of 11 Monday May 31, 2010


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

    Median Price
    This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general
    over the last several weeks.

    7-day Average 90-day Average

    Quartile Prices
    Pricing trends have been lacking strong directional indication lately. Only Quartile 2 is trending higher while Quartiles 3 and 1
    are flat. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant price
    changes.

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

    Page 3 of 11 Monday May 31, 2010


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

    Price per Square Foot


    In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new
    homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

    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 31, 2010


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

    Market Action Index


    The SAN DIEGO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
    stands at 22.50. 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 31, 2010


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

    Days on Market
    The properties have been on the market for an average of 98 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 6 of 11 Monday May 31, 2010

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