Monday November 16, 2009

Your Local Executive ESCONDIDO, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 420,000 ==
Asking Price Per Square Foot $ 189 ±+
The median list price in ESCONDIDO, CA this week is $420,000. Average Days on Market (DOM) 138 ≠≠
Percent of Properties with Price Decrease 20 %
Percent Relisted (reset DOM) 8%
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 4%
conditions are weakening a bit. Median House Size (sq ft) 2166
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Buyer's Advantage 23.5 ≠≠

In terms of supply and demand, the market is getting cooler - ±+ No change == Strong upward trend ≠≠ Strong downward trend
more supply is coming on the market relative to the sales
demand. However, in recent weeks prices have been moving
= Slight upward trend ≠ Slight downward trend
higher. Since it is technically a Buyer's market, this price trend

Price
may be a result of improved quality (newer, larger homes) of the
homes being listed. Look at the descriptive statistics where you

Market Action Index 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 last several weeks.

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
1.0 - 2.5
Top/First $ 890,000 3542 acres 4.0 3.5 20 123 34 1 170 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 525,000 2622 acre 4.0 2.5 24 124 29 5 123 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 339,000 1802 acre 3.0 2.5 26 124 34 13 138 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 209,900 1290 8,000 sqft 3.0 2.0 41 124 37 7 122 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC