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Monday January 11, 2010

Your Local Executive CARDIFF BY THE SEA, CA


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,145,000 ±+
Asking Price Per Square Foot $ 496 ±+
The median list price in CARDIFF BY THE SEA, CA this week is Average Days on Market (DOM) 184 ±+
$1,145,000.
Percent of Properties with Price Decrease 29 %
Percent Relisted (reset DOM) 10 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 2%
Median House Size (sq ft) 2302
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 14.8 ≠≠

The Market Action Index has been trending lower for several weeks ±+ No change == Strong upward trend ≠≠ Strong downward trend
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see = Slight upward trend ≠ Slight downward trend
downward pressure on pricing.

Price
Market Action Index Despite this week's down tic, the market seems to have paused
around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the


Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -


where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 2,295,000 4277 acre 4.0 4.5 9 13 0 1 214 Most expensive 25% of properties

4,501 -
Upper/Second $ 1,325,000 2700 6,500 sqft 4.0 3.0 8 13 0 0 169 Upper-middle 25% of properties

4,501 -
Lower/Third $ 939,000 1883 6,500 sqft 3.0 2.0 46 13 1 1 169 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 598,000 1498 10,000 sqft 3.0 2.0 46 13 2 0 184 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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