Hayward Hills Full Market Report (Week of February 3, 2014)

8/13/2019 Hayward Hills Full Market Report (Week of February 3, 2014)

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MARKET UPDATEIntero Real Estate Services

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 03, 2014

Presented by Intero Real Estate ServicesIntero Real Estate Services

www.Facebook.com/InteroEastBay510.651.6500

HAYWARD, CA 945

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2013 Altos Research LLC


2/11

Median List Price

Median Lot Size

59.8

Percent Relisted (reset DOM)

1440

2.0

1 %

Median Number of Bathrooms

42

Inventory of Properties Listed

$ 306

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 448,500

10 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

8 %

Percent of Properties with Price Decrease

Strong Seller's

==

==

+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

57 52498

422.0 60

3.0

8

34

3.0 23

33

10

10

6,501 -8,000 sqft

61

$ 399,000

10

5

23

3.0

4,501 -6,500 sqft

52.0

10374,501 -

6,500 sqft

23

$ 320,000

3.0

58

4,501 -6,500 sqft$ 474,950

4.0$ 748,888

59

15

1641

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.

Monday February 3, 2014

Intero Real Estate Services | EastBay

23

1230

1.0

The median list price in HAYWARD,CA this week is $448,500. The 92

properties have been on the marketfor an average of 42 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

HAYWARD,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

92

$ 1,450,000

$ 49,950

$ 504,605

57

Trend Key:

In the last few weeks, the markethas been at a stasis point in terms ofsales to inventory. However, pricesseem to continue to fall a bit.Technically supply levels indicatethis is a Seller's market so it is likelythat the downward pricing pressurewill be light or variable. Watch foran up-shift in the MAI before pricestability is achieved.

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Single Family Home


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City OverviewHAYWARD,


Median PriceThe market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before wesee prices deviate from these levels.

90-day Average7-day Average

Quartile PricesPrices have been trending down almost across the board. It is atypical that Quartile 1 is the one showing strength. Unless we seepersistent strength in the Market Action Index, Quartile 1 will likely resume the trend of the rest of the market.

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

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Price per Square FootThe 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.


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


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Single Family Hom


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Market Action IndexThe HAYWARD market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 59.77; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Days on MarketThe properties have been on the market for an average of 42 days. Half of the listings have come newly on the market in thepast 14 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom


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Median List Price

Median Lot Size

51.2

Percent Relisted (reset DOM)

1483

2.0

0 %

Median Number of Bathrooms

52

Inventory of Properties Listed

$ 320

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 449,894

12 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

6 %

Percent of Properties with Price Decrease

Strong Seller's

==

==

+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

83 02182

512.0 71

3.0

3

48

3.0 9

46

3

3

0.25 - 0.50acre

92

$ 439,950

3

0

9

2.2

6,501 -8,000 sqft

41.5

8414,501 -

6,500 sqft

8

$ 339,000

3.0

63

6,501 -8,000 sqft$ 482,450

4.0$ 749,500

64

3

1379

Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.



8

1476

1.0

The median list price in HAYWARD,CA 94541 this week is $449,894. The

34 properties have been on themarket for an average of 52 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

HAYWARD,94

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

34

$ 1,285,000

$ 120,000

$ 501,274

70

Trend Key:

In the last few weeks, the markethas been at a stasis point in terms ofsales to inventory. However, pricesseem to continue to fall a bit.Technically supply levels indicatethis is a Seller's market so it is likelythat the downward pricing pressurewill be light or variable. Watch foran up-shift in the MAI before pricestability is achieved.

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Single Family Home


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Neighborhood DetailHAYWARD,

94


Median PricePrices in this zip code seem to have plateaued here at the all time high. When we see these conditions, we pay close attentionto the Market Action Index to gauge the leading indicators and whether prices will fall from here.


Quartile PricesIn the quartile market segments, we see the market's recent price weakness almost across the board. It is unusual that Quartile1 is the one showing strength. Unless we see a persistent up-shift in the Market Action Index, Quartile 1 will likely resume thetrend of the rest of the market.


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94


Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (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 SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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Single Family Hom


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94


Market Action IndexThe HAYWARD, 94541 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 51.24; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Single Family Hom


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Hayward Hills Full Market Report (Week of February 3, 2014)

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