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This Week
Real-Time Market Profile Trend
Median List Price $ 739,900 +
Asking Price Per Square Foot $ 366 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 42 ==
is $739,900.
Percent of Properties with Price Decrease 53 %
Percent Relisted (reset DOM) 11 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 4%
negative implications for the market. Median House Size (sq ft) 2008
Median Lot Size Less than 4,500
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
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
Quartiles
7-Day Rolling Average 90-Day Rolling Average
4,501 -
Upper/Second $ 799,000 2405 6,500 sqft 4.0 2.5 26 11 2 1 38 Upper-middle 25% of properties
Less than
Lower/Third $ 715,000 1913 4,500 sqft 4.0 2.5 27 11 0 1 46 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 614,999 1444 4,500 sqft 3.0 2.5 24 12 3 2 29 Least expensive 25% of properties
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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA
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City Overview Single Family Homes in
.
RANCHO SANTA
MARGARITA, CA
prices have been flat for several 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
weeks. Since we're in the Seller's implies a seller's advantage. Below 30, conditions give the advantage to the
zone, watch for changes in MAI. If buyer.
the MAI resumes its climb, prices
will likely follow suit. If the MAI Trend Key: == Strong upward trend Strong downward trend
drops consistently or falls into the + No change = Slight upward trend Slight downward trend
Buyer's zone, watch for downward
pressure on prices.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 949,000 3119 6,500 sqft 4.0 3.0 21 11 1 1 59 Most expensive 25% of properties
4,501 -
Upper/Second $ 799,000 2405 6,500 sqft 4.0 2.5 26 11 2 1 38 Upper-middle 25% of properties
Less than
Lower/Third $ 715,000 1913 4,500 sqft 4.0 2.5 27 11 0 1 46 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 614,999 1444 4,500 sqft 3.0 2.5 24 12 3 2 29 Least expensive 25% of properties
Median Price
The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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.
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.
Days on Market
The properties have been on the market for an average of 42 days. Half of the listings have come newly on the market in the
past 35 or so days.