real estate market update fullerton
TRANSCRIPT
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8/9/2019 Real Estate Market Update Fullerton
1/22
Current prices for homes on the mark
Trends in priciCurrent levels of supply and dema
Value metri
market updat
Adam Brett - Eric Urba
FULLERTO
Sunday June 13, 20
Report for the week
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8/9/2019 Real Estate Market Update Fullerton
2/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
The median single family home price
in FULLERTON this week is $549,394.
The 520 homes have been on the
market for an average of 124 days.
THIS WEEK
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 549,394
$ 606,665
$ 3,750,000
$ 189,950
520
124Average Days on Market
Asking Price per Square Foot $ 286
46Absorbed This Week*
Percent of Properties with Price Decrease 32 %
Percent Relisted (reset DOM) 8 %
Percent Flip (price increased) 7 %
City Overview FULLERTON
6,501 - 8,000 sq ft
Altos Research Value Statistics
Market Action Index
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,841
4.0
2.0
50
19Cold! Buyer's Market
Altos Research calculates the Market Action Index which measures available supplyrelative to the current level of demand. Index value above 30 indicates conditions favorthe seller. See the section below for full details.
With inventory trending up but days-
on-market trending down and theMarket Action Index essentially flat
recently, conditions don't seem to have
strong up or down pull.
To get a tightly targeted understanding
of homes in the market, we break eachlocale into quartiles. Each quartile is
25% of the homes listed.
QUARTILES
Characteristics per Quartile
Last Month's Trend Last Quarter's Trend
Trend Key
No Clear Monthly/Quarterly Trend
Bed BathMed.Sqft.
Med.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
*Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons.Since sales sometimes take months to close, it is impossible to discern in real-time exactly which propertiessold.
Most expensive 25% of homes0.25 - 0.50acre2,991 4.0 3.0 33 130 9 5$ 887,0001 106
Upper-middle 25% of homes2,152 4.0 2.0 39 130 11 138,001 - 10,000
sq ft$ 649,2502 144
Lower-middle 25% of homes1,536 3.0 1.5 54 130 14 176,501 - 8,000
sq ft$ 421,5003 112
Least expensive 25% of homes1,213 3.0 1.2 56 130 19 114,501 - 6500
sq ft$ 318,0004 136
We'll refer to the quartiles in the trend
graphs below.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
3/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE
This week saw relatively little price
change from last week. However, prices
continue demonstrate a nice up trend i
general over the last several weeks.
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 mov
from these current levels.
Often, we find insights by watching
pricing trends within the quartile
segments.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
4/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
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 beforethe market moves from these levels.
PRICE AND VALUE
INVENTORY
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.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
5/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
The FULLERTON market is currently
quite strongly in the Buyer's Market
zone (below 30). The 90-day Market
Action Index stands at 19. With several
months of inventory available at the
current sales rate, buyers should find
ample choice.
The market has shown some evidence o
slowing recently. Both prices and
inventory levels are relatively
unchanged in recent weeks. Watch the
Market Action Index for changes as itcan be a leading indicator for price
changes.
The Market Action Index (MAI) illustrates the balance between supply and demand using a
statistical function of the current rate of sale versus current inventory.
An MAI value greater than 30 typically indicates a Seller's Market (a.k.a. "Hot Market")because demand is high enough to quickly gobble up available supply. A hot market willtypically cause prices to rise. MAI values below 30 indicate a "Buyer's Market" (a.k.a. "ColdMarket") where the inventory of already-listed homes is sufficient to last several months atthe current rate of sales. A cold market will typically cause prices to fall.
MARKET ACTION INDEXResidential house prices are a function of supply and demand, and market conditions can becharacterized by analyzing those factors. Watch this index for sustained changes: if the indexfalls into the Buyers Market zone for a long period, prices are likely in for a downwardcorrection.
Not surprisingly given the overall
Market Action Index, all quartiles are in
the Buyer's Market zone with several
months of inventory given the current
rate of demand for homes in the
quartile. Watch the quartile for change
before the overall market shifts. Often
one end of the market (e.g. the low end)
will improve and signal a strengtheningmarket before the whole group changes
The quartiles can help you answer the question, "How hot is the market for homes in my pricerange?"
MARKET ACTION QUARTILES
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
6/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKET (DOM)
The properties have been on the
market for an average of 124 days. Half
of the listings have come newly on the
market in the past 70 or so days.
DOM 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.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
7/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92835Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 749,000
$ 857,424
$ 3,590,000
$ 304,900
125
118Average Days on Market
Asking Price per Square Foot $ 309
6Absorbed This Week
The median single family home price
in FULLERTON 92835 this week is
$749,000.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
2,394
4.0
2.0
44Altos Research Value Statistics
0.25 - 0.50 acre
Market Action Index 15Cold! Buyer's Market
With inventory trending up but days-
on-market trending down and the
Market Action Index essentially flat
recently, conditions don't seem to havestrong up or down pull.
PRICE
In this zip code this week saw relatively
little price change from last week.
However, we continue to demonstrate a
nice up trend in general over the lastseveral weeks.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
8/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices in this zip code have settled at a
price plateau across the board. Prices in
all four quartiles are basically mixed.
Look for a persistent shift (up or down)
in the Market Action Index before pricemove from these current levels.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes0.25 - 0.50acre4,000 4.0 3.5 10 31 0 0$ 1,200,0001 108
Upper-middle 25% of homes0.25 - 0.50acre2,669 4.0 2.0 46 31 1 1$ 829,0002 87
Lower-middle 25% of homes2,123 4.0 2.0 41 31 3 28,001 - 10,000
sq ft$ 659,0003 144
Least expensive 25% of homes1,676 3.0 2.0 45 32 3 36,501 - 8,000
sq ft$ 499,4004 133
This is a market where watching the
value metrics (like price per square
foot) can provide insight that you don't
get at first glance. Despite the fact that
home prices are rising fairly
consistently, the price per square foot o
homes listed is declining. Often this can
be attributed to new and remodeled
homes on the market. Buyers in the
area are paying more but also getting
more for their money.
PRICE AND VALUE
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
9/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been climbing lately with
125 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up withavailable supply.
The FULLERTON 92835 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 15. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
10/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 118 days. Half of the
listings have come newly on the market
in the past 63 or so days. Watch the 90-
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
11/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92833Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 462,450
$ 529,628
$ 1,500,000
$ 189,950
224
135Average Days on Market
Asking Price per Square Foot $ 276
27Absorbed This Week
The median single family home price
in FULLERTON 92833 this week is
$462,450.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,777
4.0
2.0
49Altos Research Value Statistics
6,501 - 8,000 sq ft
Market Action Index 21Cool. Buyer's Market
Inventory is up and Market Action is
trending down recently. While days-on
market appears to be trending lower,
the overall conditions are weakening abit.
PRICE
In this zip code this week saw relatively
little price change from last week.
However, we continue to demonstrate a
nice up trend in general over the lastseveral weeks.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
12/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
the upper end of the market in this zip
code showing weakness. While there is
enough demand in the low end
(Quartiles 3 and 4) to keep prices flat,
unless there is a persistent up-shift inthe Market Action Index, the entire
market may resume a down trend soon
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes2,839 4.0 2.8 28 56 6 58,001 - 10,000
sq ft$ 799,0001 154
Upper-middle 25% of homes2,074 4.0 2.5 33 56 5 66,501 - 8,000
sq ft$ 617,0002 147
Lower-middle 25% of homes1,391 3.0 1.0 55 56 5 96,501 - 8,000
sq ft$ 375,0003 100
Least expensive 25% of homes1,210 3.0 1.0 56 56 10 76,501 - 8,000
sq ft$ 305,0004 139
In a market where prices are rising
fairly consistently, price per square foo
is essentially flat. This often implies
that new homes coming on the market
are pricier, and also larger than older
homes. As a result the value one can
buy stays the same.
PRICE AND VALUE
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
13/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been steady around thes
levels in recent weeks with 224
properties currently available.
The FULLERTON 92833 market is
currently in the 'Buyer's Market' zone
(below 30), though not strongly so. The
90-day Market Action Index stands thisweek at 21 so buyers should expect find
reasonable levels of selection.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
14/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 134 days. Half of the
listings have come newly on the market
in the past 77 or so days. Watch the 90-
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
15/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92832Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 354,450
$ 414,206
$ 1,300,000
$ 219,000
76
131Average Days on Market
Asking Price per Square Foot $ 274
5Absorbed This Week
The median single family home price
in FULLERTON 92832 this week is
$354,450.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,314
3.0
1.5
57Altos Research Value Statistics
4,501 - 6500 sq ft
Market Action Index 21Cool. Buyer's Market
Inventory is up and Market Action is
trending down recently. While days-on
market appears to be trending lower,
the overall conditions are weakening abit.
PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before wesee prices significantly move from these
levels.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
16/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices in this zip code without strong
directional trend lately. Prices in
Quartiles 2 and 3 have been down in
recent weeks, while Quartile 4 has been
mixed and Quartile 1 is up. Look to theMarket Action Index to determine when
we may see a shift in prices from these
current levels.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes2,138 4.0 2.0 70 19 4 26,501 - 8,000
sq ft$ 640,0001 113
Upper-middle 25% of homes1,268 3.0 1.0 55 19 3 24,501 - 6500
sq ft$ 375,0002 98
Lower-middle 25% of homes1,213 3.0 1.0 56 19 2 14,501 - 6500
sq ft$ 323,0003 184
Least expensive 25% of homes1,178 3.0 1.5 57 19 3 06,501 - 8,000
sq ft$ 280,0004 128
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.
PRICE AND VALUE
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
17/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been climbing lately with
76 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up withavailable supply.
The FULLERTON 92832 market is
currently in the 'Buyer's Market' zone
(below 30), though not strongly so. The
90-day Market Action Index stands thisweek at 21 so buyers should expect find
reasonable levels of selection.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
18/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 130 days. Half of the
listings have come newly on the market
in the past 63 or so days. Watch the 90-
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
19/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92831Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 562,450
$ 614,386
$ 3,750,000
$ 199,000
94
103Average Days on Market
Asking Price per Square Foot $ 288
8Absorbed This Week
The median single family home price
in FULLERTON 92831 this week is
$562,450.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,824
3.4
2.0
51Altos Research Value Statistics
6,501 - 8,000 sq ft
Market Action Index 16Cold! Buyer's Market
With inventory trending up but days-
on-market trending down and the
Market Action Index essentially flat
recently, conditions don't seem to havestrong up or down pull.
PRICE
In this zip code this week saw relatively
little price change from last week.
However, we continue to demonstrate a
nice up trend in general over the lastseveral weeks.
1Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
20/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices in this zip code have settled at a
price plateau across the board. Prices in
all four quartiles are basically mixed.
Look for a persistent shift (up or down)
in the Market Action Index before pricemove from these current levels.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes0.25 - 0.50acre2,830 4.0 2.5 36 23 1 1$ 799,9001 82
Upper-middle 25% of homes2,300 4.0 2.0 45 23 3 38,001 - 10,000
sq ft$ 665,0002 100
Lower-middle 25% of homes1,708 4.0 1.5 54 24 2 28,001 - 10,000
sq ft$ 464,9503 110
Least expensive 25% of homes1,278 3.0 1.2 55 24 2 24,501 - 6500
sq ft$ 344,9504 121
This is a market where watching the
value metrics (like price per square
foot) can provide insight that you don't
get at first glance. Despite the fact that
home prices are rising fairly
consistently, the price per square foot o
homes listed is declining. Often this can
be attributed to new and remodeled
homes on the market. Buyers in the
area are paying more but also getting
more for their money.
PRICE AND VALUE
2Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
21/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been falling in recent
weeks with 94 properties available this
week. Note that declining inventory
alone does not signal a strengthening
market. Look to the Market Action
Index to gauge whether buyer interestis falling with the available supply.
The FULLERTON 92831 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 16. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
2Adam Brett - Eric Urban Market Update for FULLERTON
-
8/9/2019 Real Estate Market Update Fullerton
22/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 103 days. Half of the
listings have come newly on the market
in the past 63 or so days. Watch the 90-
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
About Altos Research CorporationAltos Research Corp. reports real-time analysis of the residential real estate market in local markets acrossthe country. All information contained herein is based on properties currently listed for sale and available
publicly. When evaluating a particular property, make sure you use comparable sales data in addition tothe market trend information available in this report. The data presented in this report is accurate to thebest of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estatedecision making process, but do not rely on it for accuracy. Nothing in this report or any other AltosResearch publication is a recommendation to buy or to sell real estate. We recommend you work with alicensed real estate agent or broker.
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