Monday July 17, 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 $ 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

Supply and Demand Market Action Index Strong Seller's 59.9

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
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

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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

July 17, 2017

Presented by Your Local Market Reports

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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 $ 774,271
$739,900. The 45 properties have Asking Price Per Square Foot $ 366 +

been on the market for an average of Average Days on Market (DoM) 42 ==

42 days. Inventory of Properties Listed 45

Most Expensive Listing $ 1,099,000

Inventory has been decreasing lately Least Expensive Listing $ 565,000

but the Market Action Index is falling Average Age of Listing 24

also. With days-on-market climbing, Percent of Properties with Price Decrease 53 %
these are relatively negative Percent Relisted (reset DOM) 11 %
implications for the market. Percent Flip (price increased) 4%
Median House Size (sq ft) 2008
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 Market Action Index Strong Seller's 59.9

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
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
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.
Trend Key: == 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

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

Page 2 of 6 Monday July 17, 2017

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

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.

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 July 17, 2017

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

Price per Square Foot

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 4 of 6 Monday July 17, 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 59.87; 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 July 17, 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 42 days. Half of the listings have come newly on the market in the
past 35 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 July 17, 2017