Monday December 6, 2010

Your Local Executive SAN DIEGO, CA 92101

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 387,000 ±+
Asking Price Per Square Foot $ 395 ±+
The median list price in SAN DIEGO, CA 92101 this week is Average Days on Market (DOM) 174 ==
$387,000.
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 13 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 10 %
negative implications for the market. Median House Size (sq ft) 1035
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 15.6 ≠≠

Supply and Demand

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 We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 985,000 1707 2.0 2.0 5 138 10 6 206 Most expensive 25% of properties

Upper/Second $ 499,450 1210 2.0 2.0 5 138 4 5 196 Upper-middle 25% of properties

Lower/Third $ 314,000 899 1.0 1.0 6 138 8 8 142 Lower-middle 25% of properties

Bottom/Fourth $ 205,000 680 1.0 1.0 6 139 6 4 152 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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