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Real Estate Market Update for Fullerton California

Real Estate Market Update for Fullerton California

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Published by Adam Brett

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Published by: Adam Brett on Aug 30, 2010
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08/30/2010

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Current prices for homes on the marketTrends in pricingCurrent levels of supply and demandValue metrics
market update
Adam Brett - Eric Urban
PLACENTIA
Sunday August 29, 2010Report for the week of 
Powered by Altos Research LLC Copyright 2005-2010. All Rights Reserved
RE/MAXwww.HomeSoldTeam.com
Presented by Adam Brett - Eric Urban
714.496.8116 - 714.749.7427
 
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
The median single family home pricein PLACENTIA this week is $512,500.The 186 homes have been on themarket for an average of 109 days.
THIS WEEK 
Most Expensive ListingLeast Expensive ListingMedian List PriceAverage List PriceReal-Time Market ProfileTrendTotal Inventory$ 512,500$ 508,343$ 1,095,000$ 139,000186109Average Days on MarketAsking Price per Square Foot$ 2568Absorbed This Week*Percent of Properties with Price Decrease44 %Percent Relisted (reset DOM)6 %Percent Flip (price increased)7 %
City Overview
PLACENTIA
Less than 4,500 sq ftAltos Research Value StatisticsMarket Action IndexMedian Number of BedroomsMedian Number of BathroomsMedian House Size (sq ft)Median Lot SizeMedian Age1,9704.02.03815Cold! Buyer's Market
Altos Research calculates the Market Action Index which measures available supplyrelative to the current level of demand. Index value above 30 indicates conditions favor the seller. See the section below for full details.
With inventory trending up but days-on-market and the Market Action Indexessentially flat recently, conditionsdon't seem to have strong up or down pull.To get a tightly targeted understandingof homes in the market, we break eachlocale into quartiles. Each quartile is25% of the homes listed.
QUARTILES
Characteristics per Quartile
Last Month's TrendLast Quarter's TrendTrend KeyNo Clear Monthly/Quarterly TrendBedBathMed.Sqft.Med.AgeInven.NewAb-sorbedMed. Lot SizeMedian Price
Quart
Avg.DoM
*Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons.Since sales sometimes take months to close, it is impossible to discern in real-time exactly which propertiessold.
Most expensive 25% of homes
2,8974.02.5144601
Less than4,500 sq ft
$ 695,449
1
92
Upper-middle 25% of homes
2,0184.02.0384653
Less than4,500 sq ft
$ 549,000
2
117
Lower-middle 25% of homes
1,8864.02.0424731
Less than4,500 sq ft
$ 469,900
3
100
Least expensive 25% of homes
1,2693.02.0384723
Less than4,500 sq ft
$ 325,000
4
126
We'll refer to the quartiles in the trend graphs below.
2Adam Brett - Eric Urban Market Update for PLACENTIA
 
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE
The market has been on a downwardtrend recently and this week, whileessentially flat, doesn't break us out of that cycle.
QUARTILE PRICES
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'llneed to see a persistent shift in theMarket Action Index before we see prices across the board move from theselevels.Often, we find insights by watching pricing trends within the quartile segments.
3Adam Brett - Eric Urban Market Update for PLACENTIA

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