You are on page 1of 1

Monday February 22, 2010

Your Local Executive CARDIFF BY THE SEA, CA


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,234,500 ==
Asking Price Per Square Foot $ 492 ±+
The median list price in CARDIFF BY THE SEA, CA this week is Average Days on Market (DOM) 193 ≠≠
$1,234,500.
Percent of Properties with Price Decrease 28 %
Percent Relisted (reset DOM) 20 %
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 4%
come available, these are positive trends for the market. Median House Size (sq ft) 2452
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 17.3 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index Prices are climbing and we're nearing the market's all time high.
A persistent drop of the Market Action Index into the Buyer's
zone will be a leading indicator of the price strength subsiding.

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 $ 2,495,000 4000 acre 4.0 4.0 8 13 1 1 201 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 1,395,000 3295 acre 5.0 3.5 7 13 2 0 154 Upper-middle 25% of properties

4,501 -
Lower/Third $ 1,090,000 1866 6,500 sqft 3.0 2.5 26 14 1 0 204 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 728,500 1565 8,000 sqft 3.0 2.0 50 14 0 3 208 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC