Your Local Market Update

8/14/2019 Your Local Market Update

1/11

MARKET UPDATE

Your Local

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofMarch 01, 2010

Presented by Pickford Escrow - San DiegoPickford Escrow and The Escrow [email protected](858) 525-5478

SAN MARCOS,

920

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC


2/11

Median List Price

Median Lot Size

23.7

Percent Relisted (reset DOM)

2134

2.5

8 %

Median Number of Bathrooms

147

Inventory of Properties Listed

$ 192

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 430,000

22 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %

Percent of Properties with Price Decrease

Buyer's Advantage

==

==

+

+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-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

7 63388

1322.5 13

3.0

8

138

4.0 62

137

6

9

0.25 - 0.50acre

34

$ 374,950

9

15

63

3.5

6,501 -8,000 sqft

52.5

13396,501 -

8,000 sqft

62

$ 275,000

4.0

184

6,501 -8,000 sqft$ 479,450

4.0$ 634,000

9

8

2481

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.

Monday March 1, 2010

Pickford Escrow and The Escrow Firm

62

1972

2.0

The median list price in SAN MARCOS,CA this week is $430,000. The 249

properties have been on the marketfor an average of 147 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+

==

=

SAN MARCO

C

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

249

$ 1,199,950

$ 97,500

$ 450,725

19

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

Page 2 of 11

Single Family Home


3/11


City OverviewSAN MARCO

C


Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.

90-day Average7-day Average

Quartile PricesWhile prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trendinglower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to theMarket Action Index as a leading indicator of the bottom of the market.

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

Page 3 of 11

Single Family Hom


4/11



C


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


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.


Page 4 of 11

Single Family Hom


5/11



C


Market Action IndexThe SAN MARCOS market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 23.67 so buyers should expect find reasonable levels of selection.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. 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 byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.

Page 5 of 11

Single Family Hom


6/11




Days on MarketThe properties have been on the market for an average of 147 days. Half of the listings have come newly on the market in thepast 84 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.


Page 6 of 11

Single Family Hom


7/11

Median List Price

Median Lot Size

26.1

Percent Relisted (reset DOM)

1897

2.5

6 %

Median Number of Bathrooms

137

Inventory of Properties Listed

$ 186

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 359,000

24 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Buyer's Advantage

==

==

+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-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

9 33056

882.0 24

3.0

4

181

3.0 29

141

2

7

0.25 - 0.50acre

35

$ 320,000

5

5

30

3.0

4,501 -6,500 sqft

52.5

13446,501 -

8,000 sqft

29

$ 249,950

4.0

139

8,001 -10,000 sqft$ 399,000

4.0$ 535,000

10

3

2217

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



29

1584

2.0

The median list price in SAN MARCOS,CA 92069 this week is $359,000. The

117 properties have been on themarket for an average of 137 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+

==

=

SAN MARCO

CA 9206

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

117

$ 1,099,000

$ 97,500

$ 379,547

22

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailSAN MARCO

CA 920


Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.


Quartile PricesIn the quartile market segments, we see price for this zip code in general with price stagnation in recent weeks. Quartile 4 isdown, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage fora prolonged price decline.


Page 8 of 11

Single Family Hom


9/11



CA 920


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


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.


Page 9 of 11

Single Family Hom


10/11



CA 920


Market Action IndexThe SAN MARCOS, 92069 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-dayMarket Action Index stands this week at 26.07 so buyers should expect find reasonable levels of selection.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.

age 10 of 11

Single Family Hom


11/11



CA 920

Monday March 1 2010

Days on MarketThe properties have been on the market for an average of 137 days. Half of the listings have come newly on the market in thepast 91 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.


Page 11 of 11

Single Family Hom

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