oct sa diego single family report

8/3/2019 Oct Sa Diego Single Family Report

http://slidepdf.com/reader/full/oct-sa-diego-single-family-report 1/6

SAN DIEGO,

· C urren t R eal E state Market C on ditions for S ingle F am ily H omes

·T rends in P ricin g· C urrent levels of Supply and D em and

·Value Me tr ic s

· Report for the week of

Oc tobe r 3 1,2 011

·Presented by CEN TU RY 21Award

CENTURY 21Award

www.century21award.com

800.293.1657

P.owered by A ltos R esearch LLG www.altosresearch.com I

http://www.century21award.com/

http://www.altosresearch.com/

http://www.altosresearch.com/

http://www.century21award.com/



CITY OVERVIEW800.293.1657 I [email protected]

SINGLE FAMILY HOMES

This Week. '"The median list price in SANDIEGO,

CA this week is $375,000. The 7115

properties have been on the marketfor an average of 66 days.

Demand measured by the MarketAction Index is increasing and days-

on-market is trending downward.

Even as more properties come

available, these are positive trends

for the market.

Supply and Dem and-'"The market has shown some

evidence of slowing recently. Both

prices and inventory levels are

relatively unchanged in recent

weeks. Watch the Market Action

Index for changes as it can be a

leading indicator for price changes.

SAN DIEGO,

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.

Real-Time Market Profile

Median List Price

Average List Price

Asking Price Per Square Foot

Average Days on Market (DoM)

Inventory of Properties Listed

Most Expensive Listing

Least Expensive Listing

Average Age of Listing

Percent of Propert ies with Price Decrease

Percent Relisted (reset DOM)

Percent Flip (price increased)

Median House Size (sq ft )

Median Lot Size

Median Number of Bedrooms

Median Number of Bathrooms

$ 375,000

$511,768

$ 245

66

7115

$ 79,600,000

$ 11,300

38

27 %

22 %

15 %

1498

6,501 . 8,000 sqft

3.0

2.0

Altos Research Value Statistics

Market Action Index Strong Buyer's

r Trend Key:

.... No change

Trend

••

19.3 ••

...... Strong upward trend Strong downward trend

... Slight upward trend Slight downward trend

Characteristics perQuartile -.

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

Top/First S 7 5 4 , 7 8 0 2 6 2 28,001 .

4 , 0 3 , 0 2 1 1 7 7 8 1 2 7 1 9 1 8 5 Most expensive 25% of properties0,000 sqft

S 4 4 8 , 0 0 0 1 6 3 24,501 .

3 , 0 2 , 0 3 9 1 7 7 9 2 2 3 1 4 8 5 3 Upper- middle 25% of propertiespper /Second 6,500 sqft

Lower /Third S 3 1 2 , 7 5 0 1 3 0 84,501 .

3 , 0 2 , 0 4 0 1 7 7 9 2 4 0 1 3 5 5 9 Lower-middle 25% of properties6,500 sqft

S 1 7 9 , 9 0 0 1 0 4 06,501 .

2 , 0 2 , 0 3 9 1 7 7 9 1 9 7 1 2 1 6 8_j Least expensive 25% of properties8,000 sqft

AGE 2 OF 6

-c__MONDAY OCTOBER 31, 2011

----=>-



CITY OVERVIEWSINGLE FAMILY HOME

800.293.1657 I [email protected] SAN DIEGO,

~g~i~~~W~k ~ ~~ ~ ~wowa'd notch for prices, Pricing has been weak i 0 recent week' and versus thetr absolute-high

levels. The Market Action Index is a good leading indicator for the durability of this trend.

$700,000~-------------------------------------------------------------------~

$650,000

$600,000

$550,000

$500,000 .------,-----

, - - - - - - - - ~ - - - - - - - - - - - - - - - - - - - - -,

450,000

$400,000,

' - - - - - - - - . - - - - - - - - - - -,,,

,- - - - - - - - - - - . - - - - - - - - - - -,

,,

, , ,- - - - - - - - - - - r - - - - - - - - - - i - - - - - - - - - - I - - - - - -, , ,

, , ,, , ,

Jul07 Jan 08 Jul08 Jan 09 Jul09 Jan 10 JulIO Jan 11 jul 11

- 7-day Average - 90-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.

$750,000

$1,500,000

$1,250,000

$1,000,000

$500,000,

- - - - - - - . - - - - - - -

$250,000

,, ,

- --- 1" -- --- --1 ---~

, , ,, , ,- - - - - - - - - - - - 4 - - - - - - - - - - - -

May07 5ep 07 Jan 08 May08 Sep 08 Jan 09 May09 Sep 09 Jan 10 May10 Sep 10 Jan 11 May11 Sep 11

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

AGE 3 OF6

MONDAY OCTOBER 31, 2011





ri.ce per Square Footo! ! The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can

see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a

precursor to price and value changes, possibly as inflect ion points for good investment opportuni ties.

$425 j$400 -

$375

$350

$325

$300

$275

$250

",, ,

- - ~ - - - - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - - - - t - - - - - - - ~ - - - - -I I I I I

, ~ ~ - - ~ , ~ - - ~I I I I I I I I I I I I

- - - - - - - ~ - - - - - - - : - - - - - - - ~ - - - - - - - ~ - - - - - - - t - - - - - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - - - - t - - - - - - - ~ - - - -I I I I I I I I I I I I I

, .-- ~ - ~ - - - - - - - ~ - - - - - - - - - - - - - ~ - - - - - - - ~ - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - -

May07 5ep 07 Jan08 May08 Sep08 Jan09 May09 Sep09 Jan 10 May 10 Sep 10 Jan 11 May 11 Sep11


lnventory of Properties listed for Sale.' Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market

Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

, ,, , ,

_______ ~ L L _

5000

",,

6000

4000

1000 ------~-------~-------~-------~-------~-------~------~-------~-------~-------~-------

May07 Sep07 Jan08 May08 Sep08 Jan09 May09 Sep09 Jan 10 May 10 Sep 10 Jan 11 May 11 Sep11


MONDAY OCTOBER 31, 2011





arketAction lndexo! ! The SAN DIEGOmarket is currently quite strongly in the Buyer's Advantage zone (below 30), The 90-day Market Action Index

stands at 19,33, With several months of inventory available at the current sales rate, buyers should find ample choice,

35

45

40

30

25 - - - - - - ~ - - - - - - - ~ - - - - - - - - I - - - - - - - - ~ - - - - - - - ~ - - - - - - - - - - - - - - ~ - - - - - - - ~ - - - - - - - + - - - - -,

20, , ,

- - - - - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - -, ,

15 '-----~-------~-------~-------~--

I I I I

,- - ~ - - - - - - - ~ - - - - - - - ~ - - - - - - - - I - - - - - - - - ~ - - - - - - - ~ - - - - - - - ~ - - - - - - - r - - - - - - - ~ - - - - - - - r - - - - -I I I I I I I I I I

I I I I I I I I I I

May07 Sep07 jan 08 May08 Sep08 jan 09 May09 Sep09 jan 10 May 10 Sep 10 jan 11 May 11 Sep11

- 90-day Average - Buyers/Sellers Cutoff

~ ~ ,~ !~!y~ ~v!!LL!~~ ~t~o , e ~LL9.~L~ ~ ! ; ! ~uyer's Mocket zone with several months of.' inventory given the current rate of demand for homes in the quartile, Watch the quartile for changes before the overall market

shifts, Often one end of the market (e.g, the low end) will improve and signal a strengthening market before the whole group

changes,

55

50

45

40

35

30

25

20,

1 5 - - - - - - r - - - - - - - i - - - - - - - l - - - - - - - , - -I I I I

I I I I

May07 Sep07 jan 08 May08 Sep08 jan 09 May09 Sep09 jan 10 May 10 Sep 10 jan 11 May 11 Sep11

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

- Buyers/Sellers Cutoff

Residential house prices are a funct ion 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,

The Market Action Index (MAl) illustrates a balance between supply and demand using a statistical function

of the current rate of sale versus current inventory,

GES OF6MONDAY OCTOBER 31, 2011





~~~pe~;~ h~':~ ~ ~~a'ketfo,"o average of 66 days, Half ofthe listings have come newly 00 the market ;0 the

past 7 or so days.

110~---------------------------------------------------------------------------~

10090

80

70

60

50

40

30 .-

20

I I I I

- - - - - f - - - - - - - t - - - - - - - t - - - - - - - f - - - - - - - t - - - - - - - t - - - - - - - f - - - - - - -

10 ------r-------,

o '

I I I I I I I

- - - - - - - T - - - - - - - . - - - - - - - T - - - - - - - T - - - - - - - . - - - - - - - T - - - - - - - T - - - - - - -I I I I I I I

I I I I I I I

May07 Sep07 jan 08 May08 5ep08 jan 09 May09 5ep09 jan 10 May10 5ep10 jan 11 May11 5ep11


Da.ys on Market per Q .lIartile . .It IS not uncommon for the higher pnced homes In an area to take longer to sell than those In the lower quartiles.

1501---------------------------------------------------------------------------~

75

125

100

50

,I I I I I I I I I I I I

_______ L L L L L L L L L L L L _

I I I I I I I I I I I I

May07 Sep07 jan 08 May08 Sep08 jan 09 May09 Sep09 jan 10 May10 Sep10 jan 11 May11 Sep11

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

GE60F6 MONDAY OCTOBER 31, 2011

oct sa diego single family report

Documents