Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
4Activity
0 of .
Results for:
No results containing your search query
P. 1
Escondido Real Estate Market Trends - November 2012 (92029)

Escondido Real Estate Market Trends - November 2012 (92029)

Ratings: (0)|Views: 74 |Likes:
Published by Melissa Rose Zavala

Read the latest goings on in the Escondido Real Estate Market with this real estate market report for November 2012, 92029.

Read the latest goings on in the Escondido Real Estate Market with this real estate market report for November 2012, 92029.

More info:

Published by: Melissa Rose Zavala on Dec 21, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

09/17/2013

pdf

text

 
Market Trends
Page 1 of 3
The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can beindependently verified by the recipient of this report with the applicable county or municipality.
Market Conditions
Median Home Value
The median home value is the middle value (when ordered low to high) of all the properties sold in that month in that geographic area.When the median home value increases over time it can indicate a seller's market. In a seller's market there are more buyers than sellers(more demand than supply). If the median home value decreases over time it can indicate a buyer's market.
Median List Price
The median list price is the middle list price (when ordered low to high) of all the properties sold in that month in that geographic area. Listprice is provided by the MLS.When the median list price increases it can indicate a seller's market. This is especially true if the median square foot of sold propertiesremains constant. It is also important to compare the median sales price to the median list price in order to determine the level of demandfor homes.
Median Sale Price
The median sales price is the middle sales price (when ordered low to high) of all the properties sold in that month in that geographic area.Sales Price is based on tax records.
 
Market Trends
Page 2 of 3
The data within this report is compiled by CoreLogic from public and private sources. If desired, the accuracy of the data contained herein can beindependently verified by the recipient of this report with the applicable county or municipality.
If the median sales price is increasing it indicates that the demand for property is also increasing. A sales price significantly below thelisting price indicates that there is less demand for properties than the seller anticipated. When there are fewer buyers interested inpurchasing the market value of that property decreases.
Sales Activity
Sales activity is the number of sales recorded by the county in that month in that geographic area.When the number of homes sold increases it indicates that housing prices are aligned with buyer expectations. An increase in sales activityusually precedes an increase in active listings and/or sales price. The higher the sales activity the stronger the market. A low number of sales indicates a weak market.
Sales Activity Rate Change
Jan-12Feb-12Mar-12Apr-12May-12Jun-12Zip
-40%33.33%-30%42.86%20%12.5%
City
-27.33%17.43%10.16%17.02%21.21%17%
County
-29.78%14.14%20.55%7.39%11.64%13.59%
Jul-12Aug-12Sep-12Oct-12Nov-12Zip
-3.7%-26.92%-15.79%31.25%-33.33%
City
-29.06%10.84%-26.09%16.91%-13.21%
County
-16.9%10.42%-19.29%16.34%-54.6%
The sales rate change is the percentage that sales change from one month to the next.When the sales rate change is greater than 0% the sales activity is increasing month over month. This indicates a strengthening market. If the sales rate change is less than 0% the market is weakening and there are less homes being sold.
Median $/Sq Ft
The median cost per square foot is the middle value (when ordered low to high) of all the properties sold in that month in that geographicarea. It is calculated by dividing the sales price by the size of the home (square feet).An increase in the cost per square foot when the median square feet does not increase indicates buyers are willing to pay more for thesame size house. This is an indication of an increase in housing demand. When the cost per square foot decreases it indicates that propertyvalues are decreasing.

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->