Monday May 17, 2010

Sean Zanganeh's SAN DIEGO, CA 92129

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 579,500 ±+
Asking Price Per Square Foot $ 280 ±+
The median list price in SAN DIEGO, CA 92129 this week is Average Days on Market (DOM) 64 ≠≠
$579,500.
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 7%
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) 3%
conditions are weakening a bit. Median House Size (sq ft) 2094
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Buyer's Advantage 24.4 ≠≠

The Market Action Index has been trending lower for several weeks ±+ No change == Strong upward trend ≠≠ Strong downward trend
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see = Slight upward trend ≠ Slight downward trend
downward pressure on pricing.

Price
Market Action Index Recently prices in this zip have settled at a plateau even though
they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly 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
6,501 -
Top/First $ 714,500 2672 8,000 sqft 4.0 3.0 18 26 0 1 78 Most expensive 25% of properties

6,501 -
Upper/Second $ 605,000 2274 8,000 sqft 4.0 2.5 26 26 3 1 48 Upper-middle 25% of properties

6,501 -
Lower/Third $ 548,944 1928 8,000 sqft 4.0 2.5 26 26 5 0 66 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 472,450 1506 8,000 sqft 3.0 2.0 33 26 4 1 63 Least expensive 25% of properties

Sean Zanganeh | Windermere Exclusive Properties | (858) 521-7281

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