Monday March 22, 2010
Joseph R. Marciano's SAN DIEGO, CA
Executive Summary Single Family Homes
This Week
Real-Time Market Profile Trend
Median List Price $ 500,000 ±+
Asking Price Per Square Foot $ 287 ±+
The median list price in SAN DIEGO, CA this week is $500,000. Average Days on Market (DOM) 141 ≠≠
Percent of Properties with Price Decrease 26 %
Percent Relisted (reset DOM) 9%
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 7%
come available, these are positive trends for the market. Median House Size (sq ft) 1749
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0
Supply and Demand Market Action Index Buyer's Advantage 23.6 ==
Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, the as supply and demand = Slight upward trend ≠ Slight downward trend
trends continue, the market moves into the Seller's zone, and we are
likely to see upward pressure on pricing.
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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 1,290,000 3377 acre 4.0 3.5 10 573 38 31 187 Most expensive 25% of properties
6,501 -
Upper/Second $ 639,000 2010 8,000 sqft 4.0 2.5 33 574 55 56 128 Upper-middle 25% of properties
4,501 -
Lower/Third $ 398,750 1459 6,500 sqft 3.0 2.0 43 574 76 64 110 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 235,000 1242 6,500 sqft 3.0 2.0 50 574 50 58 138 Least expensive 25% of properties
Joseph R. Marciano | Prudential California Realty | 951.553.5109
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