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Intero Real Estate Services MARKET UPDATE

HAYWARD, CA 94541

· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of February 03, 2014

· Presented by Intero Real Estate Services Intero Real Estate Services www.Facebook.com/InteroEastBay 510.651.6500

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC

City Overview
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA

This Week
The median list price in HAYWARD, CA this week is $448,500. The 92 properties have been on the market for an average of 42 days.
Median List Price Average List Price

Real-Time Market Profile
$ 448,500 $ 504,605 $ 306 42 92 $ 1,450,000 $ 49,950 57 10 % 8% 1% 1440 4,501 - 6,500 sqft 3.0 2.0

Trend
≠≠ == ≠≠ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Seller's 59.8 ±+ 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 748,888 $ 474,950 $ 399,000 $ 320,000

2498 1641 1230 1037

6,501 8,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

4.0 3.0 3.0 3.0

3.0 2.0 2.0 1.0

57 59 60 61

23 23 23 23

5 10 8 10

5 5 10 15

58 34 42 33

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday February 3, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

HAYWARD, CA

Median Price
The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

7-day Average

90-day Average

Quartile Prices
Prices have been trending down almost across the board. It is atypical that Quartile 1 is the one showing strength. Unless we see persistent strength in the Market Action Index, Quartile 1 will likely resume the trend of the rest of the market.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday February 3, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

HAYWARD, CA

Price per Square Foot
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average

90-day Average

Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 4 of 11

Monday February 3, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

HAYWARD, CA

Market Action Index
The HAYWARD market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 59.77; indicating very little supply relative to the demand.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile
Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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.

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Monday February 3, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

HAYWARD, CA

Days on Market
The properties have been on the market for an average of 42 days. Half of the listings have come newly on the market in the past 14 or so days.

7-day Average

90-day Average

Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday February 3, 2014

Neighborhood Detail
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA 94541
Real-Time Market Profile
Median List Price Average List Price Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing $ 449,894 $ 501,274 $ 320 52 34 $ 1,285,000 $ 120,000 70 12 % 6% 0% 1483 6,501 - 8,000 sqft 3.0 2.0 == ≠≠ ==

This Week
The median list price in HAYWARD, CA 94541 this week is $449,894. The 34 properties have been on the market for an average of 52 days.

Trend
≠≠

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Seller's 51.2 ±+ 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 749,500 $ 482,450 $ 439,950 $ 339,000

2182 1379 1476 841

0.25 - 0.50 acre 6,501 8,000 sqft 6,501 8,000 sqft 4,501 6,500 sqft

4.0 3.0 3.0 3.0

2.2 1.5 2.0 1.0

83 64 71 92

8 8 9 9

0 3 3 3

0 4 3 3

63 48 51 46

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday February 3, 2014

Neighborhood Detail
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA 94541

Median Price
Prices in this zip code seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see the market's recent price weakness almost across the board. It is unusual that Quartile 1 is the one showing strength. Unless we see a persistent up-shift in the Market Action Index, Quartile 1 will likely resume the trend of the rest of the market.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday February 3, 2014

Neighborhood Detail
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA 94541

Price per Square Foot
We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to microlocation variables.

7-day Average

90-day Average

Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

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Monday February 3, 2014

Neighborhood Detail
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA 94541

Market Action Index
The HAYWARD, 94541 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 51.24; indicating very little supply relative to the demand.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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.

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Monday February 3, 2014

Neighborhood Detail
Intero Real Estate Services | EastBay

Single Family Homes in

HAYWARD, CA 94541

Days on Market
The properties have been on the market for an average of 52 days. Half of the listings have come newly on the market in the past 21 or so days.

7-day Average

90-day Average

Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday February 3, 2014