Monday February 15, 2010

Your Local Executive SAN DIEGO, CA 92106

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 895,000 ≠≠
Asking Price Per Square Foot $ 459 ±+
The median list price in SAN DIEGO, CA 92106 this week is Average Days on Market (DOM) 178 ==
$895,000.
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 18 %
Inventory and days-on-market are climbing, while the Market
Action Index has been flat recently. The trends point to a Percent Flip (price increased) 5%
weakening market. Median House Size (sq ft) 2231
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 15.7 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

Price
Market Action Index Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.

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 $ 2,099,000 3786 acre 5.0 3.5 54 21 2 0 177 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,145,000 2630 8,000 sqft 4.0 2.5 58 21 1 0 179 Upper-middle 25% of properties

4,501 -
Lower/Third $ 849,000 2150 6,500 sqft 3.0 2.5 59 21 2 0 217 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 627,500 1413 6,500 sqft 3.0 2.0 60 22 2 0 140 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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