Monday March 1, 2010

David Wright's Executive LA HABRA, CA 90631

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 449,900 ±+
Asking Price Per Square Foot $ 272 ±+
The median list price in LA HABRA, CA 90631 this week is $449,900. Average Days on Market (DOM) 166 ±+
Percent of Properties with Price Decrease 24 %
Percent Relisted (reset DOM) 9%
With inventory trending up but days-on-market and the Market
Action Index essentially flat recently, conditions do not seem to Percent Flip (price increased) 12 %
have strong up or down pull. Median House Size (sq ft) 1765
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 21.2 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move 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
1.0 - 2.5
Top/First $ 899,900 3000 acres 4.0 3.5 37 45 4 1 192 Most expensive 25% of properties

8,001 -
Upper/Second $ 542,000 2046 10,000 sqft 4.0 2.8 47 46 5 4 174 Upper-middle 25% of properties

6,501 -
Lower/Third $ 392,450 1491 8,000 sqft 3.0 2.0 54 46 5 5 164 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 299,975 1158 6,500 sqft 3.0 2.0 54 46 4 6 132 Least expensive 25% of properties

David Wright | Wright Realty | 7144429692

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