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Monday February 1, 2010

Your Local Executive CARDIFF BY THE SEA, CA


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,149,000 ≠≠
Asking Price Per Square Foot $ 508 ±+
The median list price in CARDIFF BY THE SEA, CA this week is Average Days on Market (DOM) 187 ≠≠
$1,149,000.
Percent of Properties with Price Decrease 27 %
Percent Relisted (reset DOM) 14 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 2%
signs for prices. Median House Size (sq ft) 2283
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 16.9 ==

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 Again this week we see a downward notch for prices. Prices
continue to pull back from the market's highs. The Market Action
Index is a good leading indicator for the durability of this trend.

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
8,001 -
Top/First $ 2,397,500 3907 10,000 sqft 4.0 4.2 9 12 1 2 147 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 1,347,500 3210 acre 4.5 3.5 9 12 2 3 169 Upper-middle 25% of properties

4,501 -
Lower/Third $ 919,000 1878 6,500 sqft 3.0 2.5 24 12 3 2 202 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 699,000 1490 10,000 sqft 3.0 2.0 49 13 1 2 226 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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