century 21 award market update [sf]_ca_temecula (2)

8/2/2019 Century 21 Award Market Update [SF]_CA_TEMECULA (2)

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MARKET UPDATECENTURY 21 Award

· 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 16, 2012

· Presented by CENTURY 21 Award

CENTURY 21 Award

www.century21award.com

800.293.1657

TEMECULA,

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC



Median List Price

Median Lot Size

21.5

Percent Relisted (reset DOM)

2594

3.5

9 %

Median Number of Bathrooms

139

Inventory of Properties Listed

$ 123

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 300,000

32 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

≠≠

±+

±+

==

≠≠

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

9 83680

1223.0 12

3.0

7

123

4.0 143

130

12

11

2.5 - 5.0acres

19

$ 279,000

12

4

143

4.2

6,501 -8,000 sqft

203.5

16216,501 -

8,000 sqft

143

$ 210,000

4.0

180

6,501 -8,000 sqft$ 339,900

4.0$ 599,000

9

22

3000

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.

Monday April 16, 2012

800.293.1657 | www.century21award.com | [email protected]

142

2392

3.0

The median list price in TEMECULA,CA this week is $300,000. The 571

properties have been on the marketfor an average of 139 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

TEMECULA,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

571

$ 7,299,000

$ 129,900

$ 439,380

15

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Home




City OverviewTEMECULA,


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

90-day Average7-day Average

Quartile PricesPrices 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

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Single Family Hom






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


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 tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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Single Family Hom






Market Action IndexThe TEMECULA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 21.50. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Single Family Hom






Days on MarketThe properties have been on the market for an average of 139 days. Half of the listings have come newly on the market in thepast 84 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Single Family Hom

century 21 award market update [sf]_ca_temecula (2)

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