Monday February 21, 2011

Your Local Executive SAN DIEGO, CA 92130

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 407,010 ==
Asking Price Per Square Foot $ 336 ±+
The median list price in SAN DIEGO, CA 92130 this week is Average Days on Market (DOM) 122 ==
$407,010.
Percent of Properties with Price Decrease 51 %
Percent Relisted (reset DOM) 19 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 2%
weakening market. Median House Size (sq ft) 958
Median Number of Bedrooms 2.0
Median Number of Bathrooms 3.0
Market Action Index Strong Buyer's 17.1 ≠≠

Supply and Demand

In terms of supply and demand, the market is getting cooler - more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.
Market Action Index
±+ No change == Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Despite this week's down tic, price trends in this zip code have
generally been moving up lately. We are below the market's high
point, and we'll investigate the Market Action Index later on to
see if we expect this week's blip to become a downward 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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 559,000 1428 3.0 3.0 14 21 5 4 80 Most expensive 25% of properties

Upper/Second $ 449,000 1080 2.0 3.0 22 21 2 1 143 Upper-middle 25% of properties

Lower/Third $ 349,900 1028 2.0 2.0 16 22 0 0 147 Lower-middle 25% of properties

Bottom/Fourth $ 255,450 828 1.0 1.0 21 22 4 2 117 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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