Monday November 1, 2010

Your Local Executive SAN DIEGO, CA 92101

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 409,000 ±+
Asking Price Per Square Foot $ 398 ±+
The median list price in SAN DIEGO, CA 92101 this week is Average Days on Market (DOM) 163 ±+
$409,000.
Percent of Properties with Price Decrease 38 %
Percent Relisted (reset DOM) 13 %
With inventory and days-on-market basically unchanged and the
Market Action Index decreasing, the market is not sending strong Percent Flip (price increased) 12 %
directional signal for the near-term outlook. Median House Size (sq ft) 1069
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 16.5 ≠≠

Supply and Demand

The Market Action Index has been trending lower for several weeks ±+ No change == Strong upward trend ≠≠ Strong downward trend
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see = Slight upward trend ≠ Slight downward trend
downward pressure on pricing.

Price
Market Action Index We continue to see prices in this zip code hovering around these
current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before
we see prices move significantly from here.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 975,000 1684 2.0 2.0 5 141 10 9 200 Most expensive 25% of properties

Upper/Second $ 524,900 1228 2.0 2.0 5 141 11 6 179 Upper-middle 25% of properties

Lower/Third $ 329,000 930 1.0 1.0 6 141 6 9 125 Lower-middle 25% of properties

Bottom/Fourth $ 207,500 680 1.0 1.0 6 142 7 5 150 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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