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MARKET UPDATE
FOOTHILL RANCH, CA
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 782,000 2612 6,500 sqft 5.0 2.2 16 8 1 1 201 Most expensive 25% of properties
4,501 -
Upper/Second $ 625,000 2046 6,500 sqft 4.0 2.5 17 9 0 2 241 Upper-middle 25% of properties
Less than
Lower/Third $ 569,900 1900 4,500 sqft 3.0 2.5 16 9 1 0 143 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 475,000 1600 4,500 sqft 4.0 2.5 14 9 0 0 121 Least expensive 25% of properties
Median Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high
levels. The Market Action Index is a good leading indicator for the durability of this trend.
Quartile Prices
Price at the upper end of the market are showing signs of strength. While this strength hasn't percolated through to Quartiles 3
and 4 yet, expect the low end of the market to follow up.
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.
Days on Market
The properties have been on the market for an average of 176 days. Half of the listings have come newly on the market in the
past 119 or so days.