Monday July 31, 2017

Your Local Market's LAKE FOREST, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 769,949 +
Asking Price Per Square Foot $ 384 ==
The median list price in LAKE FOREST, CA this week is $769,949. Average Days on Market (DOM) 46
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 10 %
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) 7%
conditions are weakening a bit. Median House Size (sq ft) 2302
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Seller's 49.1

The market has been cooling over time and prices plateaued for a + No change == Strong upward trend Strong downward trend
while. Despite the consistent decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If the MAI resumes it's climb, prices = Slight upward trend Slight downward trend
will likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.

Price
Market Action Index The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.

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
4,501 -
Top/First $ 1,369,000 2970 6,500 sqft 4.5 4.2 1 22 1 1 54 Most expensive 25% of properties

4,501 -
Upper/Second $ 849,994 2514 6,500 sqft 4.0 2.8 39 22 3 2 37 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,000 2041 6,500 sqft 4.0 2.5 40 23 3 4 41 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 639,000 1471 6,500 sqft 3.0 2.0 43 23 7 4 52 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
LAKE FOREST, CA

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of

July 31, 2017

Presented by Your Local Market Reports

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 City Overview Single Family Homes in

.
LAKE FOREST, CA

This Week Real-Time Market Profile Trend

The median list price in LAKE FOREST, Median List Price $ 769,949 +
CA this week is $769,949. The 90 Average List Price $ 913,177
properties have been on the market Asking Price Per Square Foot $ 384 ==

for an average of 46 days. Average Days on Market (DoM) 46

Inventory of Properties Listed 90 ==

Most Expensive Listing $ 2,488,000

Inventory is up and Market Action is Least Expensive Listing $ 275,000

trending down recently. While days- Average Age of Listing 32

on-market appears to be trending Percent of Properties with Price Decrease 36 %
lower, the overall conditions are Percent Relisted (reset DOM) 10 %
weakening a bit. Percent Flip (price increased) 7%
Median House Size (sq ft) 2302
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 49.1

time and prices plateaued for a
while. Despite the consistent
decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If
the MAI resumes it's climb, prices
will likely follow suit. If the MAI
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
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 a seller's advantage. Below 30, conditions give the advantage to the
buyer.
Trend Key: == Strong upward trend Strong downward trend
+ No change = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

4,501 -
Top/First $ 1,369,000 2970 6,500 sqft 4.5 4.2 1 22 1 1 54 Most expensive 25% of properties

4,501 -
Upper/Second $ 849,994 2514 6,500 sqft 4.0 2.8 39 22 3 2 37 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,000 2041 6,500 sqft 4.0 2.5 40 23 3 4 41 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 639,000 1471 6,500 sqft 3.0 2.0 43 23 7 4 52 Least expensive 25% of properties

Page 2 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Median Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices
deviate from these levels.

7-day Average 90-day Average

Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a
persistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Price per Square Foot

The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These
conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Market Action Index

The LAKE FOREST market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action
Index stands at 49.13; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the
whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a
slowdown for the whole group.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Days on Market
The properties have been on the market for an average of 46 days. Half of the listings have come newly on the market in the
past 35 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 6 Monday July 31, 2017