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Monday January 11, 2010

Your Local Executive SAN MARCOS, CA


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 409,950 ≠≠
Asking Price Per Square Foot $ 198 ±+
The median list price in SAN MARCOS, CA this week is $409,950. Average Days on Market (DOM) 152 ±+
Percent of Properties with Price Decrease 19 %
Percent Relisted (reset DOM) 9%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 9%
market. Median House Size (sq ft) 2016
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Buyer's Advantage 24.6 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index The market has been on a downward trend recently and this
week, while essentially flat, doesn't break us out of that cycle.

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 $ 615,000 3078 acre 4.0 3.5 8 50 3 9 211 Most expensive 25% of properties

6,501 -
Upper/Second $ 455,000 2499 8,000 sqft 4.0 3.0 8 50 2 2 112 Upper-middle 25% of properties

6,501 -
Lower/Third $ 365,000 1884 8,000 sqft 4.0 2.5 15 50 3 6 143 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 275,000 1367 8,000 sqft 3.0 2.0 36 50 3 4 144 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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