Monday January 3, 2011

Kristin Evans's Executive JACKSONVILLE, FL

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 139,000 ±+
Asking Price Per Square Foot $ 81 ±+
The median list price in JACKSONVILLE, FL this week is $139,000. Average Days on Market (DOM) 192 ±+
Percent of Properties with Price Decrease 44 %
Percent Relisted (reset DOM) 6%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 3%
market. Median House Size (sq ft) 1719
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 12.7 ==

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, as the 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 $ 349,900 2800 acre 4.0 3.0 16 1388 27 29 230 Most expensive 25% of properties

8,001 -
Upper/Second $ 169,900 1898 10,000 sqft 3.0 2.0 16 1388 37 52 174 Upper-middle 25% of properties

8,001 -
Lower/Third $ 114,400 1508 10,000 sqft 3.0 2.0 25 1388 34 65 188 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 57,842 1200 8,000 sqft 3.0 1.5 54 1388 60 73 175 Least expensive 25% of properties

Kristin Evans | Altos Research | 1.888.819.7775

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