fremont full market report (week of october 28, 2013)

7/27/2019 Fremont Full Market Report (Week of October 28, 2013)

1/6

MARKET UPDATEIntero Real Estate Services

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

October 28, 2013

Presented by Intero Real Estate ServicesIntero Real Estate Services

www.Facebook.com/InteroEastBay510.651.6500

FREMONT,

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2013 Altos Research LLC


2/6

Median List Price

Median Lot Size

61.5

Percent Relisted (reset DOM)

1710

2.0

2 %

Median Number of Bathrooms

51

Inventory of Properties Listed

$ 432

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 686,900

31 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Strong Seller'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

24 63245

502.0 51

3.0

5

42

3.0 31

30

8

8

0.25 - 0.50acre

54

$ 650,000

11

8

31

3.0

4,501 -6,500 sqft

112.5

11984,501 -

6,500 sqft

31

$ 549,950

4.0

80

4,501 -6,500 sqft$ 749,000

5.0$ 1,599,000

35

15

1856

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

Monday October 28, 2013

Intero Real Estate Services | EastBay

31

1523

2.0

The median list price in FREMONT, CAthis week is $686,900. The 124

properties have been on the marketfor an average of 51 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+

==

=

FREMONT,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

124

$ 4,680,000

$ 349,000

$ 956,973

43

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However prices have not yet stoppedfalling. Since the market is alreadyin the Seller's zone, expect prices tolevel off very soon. Should the salestrend continue expect that pricescould climb from there.

Page 2 of 6

Single Family Home


3/6


City OverviewFREMONT,


Median PriceThis week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected inthe Market Action Index, so watch that chart to try to identify a change in the market.

90-day Average7-day Average

Quartile PricesIn the quartile market segments, we see the market lacking strong directional indication lately. Quartiles 4 and 1 are up whileQuartile 3 is down and Quartile 2 is basically flat in recent weeks. Watch for persistent shifts in the Market Action Index for aleading indicator of stronger price moves in the market as a whole.

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

Page 3 of 6

Single Family Hom


4/6




Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.


Inventory of Properties Listed for SaleInventory 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.


Page 4 of 6

Single Family Hom


5/6




Market Action IndexThe FREMONT market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 61.55; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


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 BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6

Single Family Hom


6/6




Days on MarketThe properties have been on the market for an average of 51 days. Half of the listings have come newly on the market in thepast 28 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.


Page 6 of 6

Single Family Hom

fremont full market report (week of october 28, 2013)

Documents