Monday April 24, 2017

Your Local Market's RANCHO SANTA MARGARITA, CA

Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 490,950 +
Asking Price Per Square Foot $ 379 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 16 +
is $490,950.
Percent of Properties with Price Decrease 5%
Percent Relisted (reset DOM) 22 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 8%
Median House Size (sq ft) 1312
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5
Market Action Index Strong Seller's 82.1 ==

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index + No change == Strong upward trend Strong downward trend
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend = Slight upward trend Slight downward trend
continues.

Price
Market Action Index The market appears to be hovering around this plateau. Look for
a persistent change in the Market Action Index before we see
prices deviate significantly from here.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 621,450 1760 3.0 2.5 20 10 0 1 18 Most expensive 25% of properties

Upper/Second $ 535,000 1424 3.0 2.5 20 10 1 1 23 Upper-middle 25% of properties

Lower/Third $ 460,950 1246 2.0 2.2 24 10 3 2 7 Lower-middle 25% of properties

Bottom/Fourth $ 260,900 614 1.0 1.0 28 10 2 1 15 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA

Current Real Estate Market Conditions for Condos & Townhomes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of

April 24, 2017

Presented by Your Local Market Reports

.
.
.

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
 City Overview Condos & Townhomes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 490,950 +
SANTA MARGARITA, CA this week is Average List Price $ 468,882
$490,950. The 40 properties have Asking Price Per Square Foot $ 379 +
been on the market for an average of Average Days on Market (DoM) 16 +
16 days. Inventory of Properties Listed 40 ==

Most Expensive Listing $ 690,000

The Market Action Index has been Least Expensive Listing $ 239,990

trending down lately, while inventory Average Age of Listing 23

is climbing. These trends imply a Percent of Properties with Price Decrease 5%
weakening market. Percent Relisted (reset DOM) 22 %
Percent Flip (price increased) 8%
Median House Size (sq ft) 1312
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5

Supply and Demand Altos Research Value Statistics

The market continues to get hotter. Market Action Index Strong Seller's 82.1 ==
More sales demand and fewer homes 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
listed have contributed to a implies a seller's advantage. Below 30, conditions give the advantage to the
relatively long run of increasing buyer.
prices. Current supply and demand
levels show no sign of prices Trend Key: == Strong upward trend Strong downward trend
changing from their current trend. + No change = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM

Top/First $ 621,450 1760 3.0 2.5 20 10 0 1 18 Most expensive 25% of properties

Upper/Second $ 535,000 1424 3.0 2.5 20 10 1 1 23 Upper-middle 25% of properties

Lower/Third $ 460,950 1246 2.0 2.2 24 10 3 2 7 Lower-middle 25% of properties

Bottom/Fourth $ 260,900 614 1.0 1.0 28 10 2 1 15 Least expensive 25% of properties

Page 2 of 6 Monday April 24, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Median Price
Despite this week's down tic, price trends have generally been moving up lately.

7-day Average 90-day Average

Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday April 24, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new
homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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 24, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Market Action Index

The RANCHO SANTA MARGARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day
Market Action Index stands at 82.10; 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.

Page 5 of 6 Monday April 24, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 16 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

Page 6 of 6 Monday April 24, 2017

 Monday April 24, 2017
Your Local Market's RANCHO SANTA
Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 739,900 +
Asking Price Per Square Foot $ 358 =
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 34 +
is $739,900.
Percent of Properties with Price Decrease 21 %
Percent Relisted (reset DOM) 23 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 6%
Median House Size (sq ft) 2045
Median Lot Size Less than 4,500
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Seller's 57.5

The market has started cooling and prices have been flat for several + No change == Strong upward trend Strong downward trend
weeks. Since we're in the Seller's zone, watch for changes in MAI. If
the MAI resumes its climb, prices will likely follow suit. If the MAI = Slight upward trend Slight downward trend
drops consistently or falls into the Buyer's zone, watch for downward
pressure on prices.

Price
Market Action Index The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.

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
6,501 -
Top/First $ 1,075,000 3312 8,000 sqft 4.0 3.0 20 13 1 0 65 Most expensive 25% of properties

4,501 -
Upper/Second $ 799,900 2400 6,500 sqft 4.0 3.0 24 13 0 0 43 Upper-middle 25% of properties

Less than
Lower/Third $ 699,900 1800 4,500 sqft 3.0 2.5 23 13 4 4 13 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 625,000 1689 4,500 sqft 3.0 2.5 20 14 2 4 16 Least expensive 25% of properties

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, 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 24, 2017

Presented by Your Local Market Reports

.
.
.

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
 City Overview Single Family Homes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 739,900 +
SANTA MARGARITA, CA this week is Average List Price $ 813,015
$739,900. The 53 properties have Asking Price Per Square Foot $ 358 =
been on the market for an average of Average Days on Market (DoM) 34 +
34 days. Inventory of Properties Listed 53 ==

Most Expensive Listing $ 1,895,000

The Market Action Index has been Least Expensive Listing $ 540,000

trending down lately, while inventory Average Age of Listing 22

is climbing. These trends imply a Percent of Properties with Price Decrease 21 %
weakening market. Percent Relisted (reset DOM) 23 %
Percent Flip (price increased) 6%
Median House Size (sq ft) 2045
Median Lot Size Less than 4,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has started cooling and
prices have been flat for several
weeks. Since we're in the Seller's
zone, watch for changes in MAI. If
the MAI resumes its climb, prices
will likely follow suit. If the MAI Trend Key:
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
Market Action Index Strong Seller's 57.5
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.
== Strong upward trend Strong downward trend
+ No change = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

6,501 -
Top/First $ 1,075,000 3312 8,000 sqft 4.0 3.0 20 13 1 0 65 Most expensive 25% of properties

4,501 -
Upper/Second $ 799,900 2400 6,500 sqft 4.0 3.0 24 13 0 0 43 Upper-middle 25% of properties

Less than
Lower/Third $ 699,900 1800 4,500 sqft 3.0 2.5 23 13 4 4 13 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 625,000 1689 4,500 sqft 3.0 2.5 20 14 2 4 16 Least expensive 25% of properties

Page 2 of 6 Monday April 24, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Median Price
This week prices bumped up a bit but the trend of the last few weeks is generally downward. The Market Action Index is a good
leading indicator for the durability of this shift.

7-day Average 90-day Average

Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday April 24, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Price per Square Foot

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.

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 24, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Market Action Index

The RANCHO SANTA MARGARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day
Market Action Index stands at 57.46; 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.

Page 5 of 6 Monday April 24, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the
past 21 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

Page 6 of 6 Monday April 24, 2017