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Intero Real Estate Services MARKET UPDATE

FREMONT, CA

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 April 21, 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

FREMONT, CA

This Week
The median list price in FREMONT, CA this week is $798,000. The 125 properties have been on the market for an average of 30 days.
Median List Price Average List Price

Real-Time Market Profile


$ 798,000 $ 1,107,808 $ 469 30 125 $ 9,000,000 $ 300,000 40 8% 14 % 2% 1743 4,501 - 6,500 sqft 4.0 2.0

Trend
== + + ==

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

With inventory trending up but dayson-market and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

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


The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Median Number of Bathrooms

Altos Research Value Statistics


Market Action Index Strong Seller's 76.0 == 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

$ 1,688,888 $ 860,000 $ 749,000 $ 579,000

3310 1864 1643 1257

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

4.0 4.0 3.0 3.0

3.5 2.5 2.0 2.0

25 42 43 52

31 31 31 32

11 9 12 15

11 8 9 14

60 18 24 20

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

Page 2 of 6

Monday April 21, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices
Prices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday April 21, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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 6

Monday April 21, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Market Action Index


The FREMONT market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 75.99; 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 Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Monday April 21, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Days on Market
The properties have been on the market for an average of 30 days. Half of the listings have come newly on the market in the past 7 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 April 21, 2014