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    Market Update: David Wright's

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    The median list price in LA HABRA, CA this week is $449,000. The 181 properties have been on the market for an average of 161 days.

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    Market Update: David Wright's

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    The median list price in LA HABRA, CA this week is $449,000. The 181 properties have been on the market for an average of 161 days.

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    The median list price in LA HABRA, CA this week is $449,000. The 181 properties have been on the market for an average of 161 days.

    Copyright:

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

    Market Update: David Wright's

    Uploaded by

    api-20697951
    The median list price in LA HABRA, CA this week is $449,000. The 181 properties have been on the market for an average of 161 days.

    Copyright:

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

    David Wright's

    MARKET UPDATE
    LA HABRA, 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 David Wright


    Wright Realty
    www.wrightrealtyservice.com - david@wrightrealtyservice.com
    7144429692

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

    David Wright | Wright Realty | 7144429692


    LA HABRA, CA

    This Week Real-Time Market Profile Trend


    The median list price in LA HABRA, CA Median List Price $ 449,000 ±+
    this week is $449,000. The 181 Average List Price $ 589,106
    properties have been on the market Asking Price Per Square Foot $ 269 ±+
    for an average of 161 days. Average Days on Market (DoM) 161 ≠≠

    Inventory of Properties Listed 181 ==

    Most Expensive Listing $ 3,288,000


    With inventory trending up but days- Least Expensive Listing $ 180,000

    on-market trending down and the Average Age of Listing 48


    Market Action Index essentially flat Percent of Properties with Price Decrease 30 %
    recently, conditions do not seem to Percent Relisted (reset DOM) 7%
    have strong up or down pull. Percent Flip (price increased) 9%
    Median House Size (sq ft) 1766
    Median Lot Size 6,501 - 8,000 sqft
    Median Number of Bedrooms 3.0

    Supply and Demand


    Median Number of Bathrooms 2.0

    Altos Research Value Statistics


    The market has shown some Market Action Index Strong Buyer's 21.4 ±+
    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

    1.0 - 2.5
    Top/First $ 930,000 3033 acres 4.0 3.5 37 45 5 2 219 Most expensive 25% of properties

    0.25 - 0.50
    Upper/Second $ 530,000 2078 acre 4.0 2.5 47 45 6 2 152 Upper-middle 25% of properties

    6,501 -
    Lower/Third $ 399,000 1495 8,000 sqft 3.0 2.0 53 45 5 1 147 Lower-middle 25% of properties

    4,501 -
    Bottom/Fourth $ 299,000 1152 6,500 sqft 3.0 2.0 55 46 16 7 127 Least expensive 25% of properties

    Page 2 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    David Wright | Wright Realty | 7144429692
    LA HABRA, CA

    Median Price
    The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
    this trend.

    7-day Average 90-day Average

    Quartile Prices
    While prices at the lower end of the market has been in a down-trend lately, the upper half of the market has not. Quartile 1
    has been trending up recently, but unless we see a persistent up-shift in the Market Action Index, it will likely resume the trend
    of the rest of the market.

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

    Page 3 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    David Wright | Wright Realty | 7144429692
    LA HABRA, CA

    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 4 of 6 Monday February 15, 2010


    Single Family Homes in
    City Overview
    David Wright | Wright Realty | 7144429692
    LA HABRA, CA

    Market Action Index


    The LA HABRA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
    stands at 21.44. 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


    Three of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rate
    of demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than the
    others. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on the

    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
    David Wright | Wright Realty | 7144429692
    LA HABRA, CA

    Days on Market
    The properties have been on the market for an average of 161 days. Half of the listings have come newly on the market in the
    past 91 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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