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Monday September 18, 2017

Your Local Market's RANCHO SANTA MARGARITA, CA
Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 457,900 ±+
Asking Price Per Square Foot $ 398 ±+
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 39 =
is $457,900.
Percent of Properties with Price Decrease 46 %
Percent Relisted (reset DOM) 11 %
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 2%
providing strong indication for market conditions. Median House Size (sq ft) 1114
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 64.4 =

Supply and Demand
While the Market Action Index shows some strengthening in the last ±+ No change == Strong upward trend ≠≠ Strong downward trend
few weeks, prices have settled in a bit of a plateau. We currently in
a Seller's market so prices will likely resume their climb should this = Slight upward trend ≠ Slight downward trend
trend persist.

Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.

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 $ 549,000 1480 3.0 2.5 21 11 1 2 62 Most expensive 25% of properties

Upper/Second $ 473,000 1205 2.0 2.5 22 11 0 0 39 Upper-middle 25% of properties

Lower/Third $ 439,500 1046 2.0 2.0 26 12 2 3 15 Lower-middle 25% of properties

Bottom/Fourth $ 368,000 847 1.5 1.5 30 12 4 5 41 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
September 18, 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 Condos & Townhomes in

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RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend
The median list price in RANCHO Median List Price $ 457,900 ±+
SANTA MARGARITA, CA this week is Average List Price $ 453,652
$457,900. The 46 properties have Asking Price Per Square Foot $ 398 ±+

been on the market for an average of Average Days on Market (DoM) 39 =
39 days. Inventory of Properties Listed 46 ≠≠

Most Expensive Listing $ 759,900
Inventory has been tightening and Least Expensive Listing $ 264,900

days-on-market increasing recently. Average Age of Listing 24
The Market Action Index has been Percent of Properties with Price Decrease 46 %
basically flat, not providing strong Percent Relisted (reset DOM) 11 %
indication for market conditions. Percent Flip (price increased) 2%
Median House Size (sq ft) 1114
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0

Supply and Demand Altos Research Value Statistics
While the Market Action Index shows Market Action Index Strong Seller's 64.4 =

some strengthening in the last few 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, prices have not seemed to implies a seller's advantage. Below 30, conditions give the advantage to the
move from their plateau. Should the buyer.
upward trend in sales relative to
inventory continue, expect prices to Trend Key: == Strong upward trend ≠≠ Strong downward trend
resume an upward climb in tandem ±+ No change = Slight upward trend ≠ Slight downward trend
with the MAI.

Characteristics per Quartile

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

Top/First $ 549,000 1480 3.0 2.5 21 11 1 2 62 Most expensive 25% of properties

Upper/Second $ 473,000 1205 2.0 2.5 22 11 0 0 39 Upper-middle 25% of properties

Lower/Third $ 439,500 1046 2.0 2.0 26 12 2 3 15 Lower-middle 25% of properties

Bottom/Fourth $ 368,000 847 1.5 1.5 30 12 4 5 41 Least expensive 25% of properties

Page 2 of 6 Monday September 18, 2017
Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Median Price
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.

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 September 18, 2017
Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Price per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

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 September 18, 2017
Condos & Townhomes in
City Overview
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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 64.37; 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 Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6 Monday September 18, 2017
Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 39 days. Half of the listings have come newly on the market in the
past 24 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

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