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Monday February 1, 2010

Your Local Executive SAN DIEGO, CA 92131


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 749,894 ==
Asking Price Per Square Foot $ 274 ±+
The median list price in SAN DIEGO, CA 92131 this week is Average Days on Market (DOM) 141 ==
$749,894.
Percent of Properties with Price Decrease 26 %
Percent Relisted (reset DOM) 10 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 1%
are mildly positive indications for the market. Median House Size (sq ft) 2927
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 21.6 ==

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 In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
in general over the last several weeks.

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 $ 1,177,500 4251 acre 5.0 4.0 6 18 0 1 133 Most expensive 25% of properties

8,001 -
Upper/Second $ 836,000 3146 10,000 sqft 5.0 3.5 8 18 2 4 160 Upper-middle 25% of properties

4,501 -
Lower/Third $ 671,500 2505 6,500 sqft 4.0 2.5 12 18 3 3 124 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 554,500 1604 8,000 sqft 3.0 2.5 16 18 1 1 147 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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