Your Local

MARKET UPDATE
CARLSBAD, CA 92011

· Current Real Estate Market Conditions for Condos & Townhomes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

April 12, 2010

· Presented by Pickford Escrow - San Diego

Pickford Escrow and The Escrow Firm
jcurtis@pickfordescrow.com
(858) 525-5478

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 City Overview Condos & Townhomes in

Pickford Escrow and The Escrow Firm

CARLSBAD, CA

This Week Real-Time Market Profile Trend

The median list price in CARLSBAD, Median List Price $ 389,000 ±+
CA this week is $389,000. The 287 Average List Price $ 562,126
properties have been on the market Asking Price Per Square Foot $ 271 ±+
for an average of 125 days. Average Days on Market (DoM) 125 ≠≠

Inventory of Properties Listed 287 ==

Most Expensive Listing $ 6,500,000

Inventory is up and Market Action is Least Expensive Listing $ 90,000

trending down recently. While days- Average Age of Listing 20

on-market appears to be trending Percent of Properties with Price Decrease 27 %
lower, the overall conditions are Percent Relisted (reset DOM) 8%
weakening a bit. Percent Flip (price increased) 6%
Median House Size (sq ft) 1500
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5

Supply and Demand Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 20.7 ≠≠
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

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

Top/First $ 850,000 2155 3.0 2.5 6 71 4 3 191 Most expensive 25% of properties

Upper/Second $ 449,000 1608 3.0 2.5 23 72 11 7 92 Upper-middle 25% of properties

Lower/Third $ 339,000 1346 2.0 2.0 26 72 6 6 103 Lower-middle 25% of properties

Bottom/Fourth $ 222,500 1032 2.0 2.0 31 72 5 5 116 Least expensive 25% of properties

Page 2 of 11 Monday April 12, 2010

 Condos & Townhomes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.

7-day Average 90-day Average

Quartile Prices
Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.
Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.

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

Page 3 of 11 Monday April 12, 2010

 Condos & Townhomes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

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 11 Monday April 12, 2010

 Condos & Townhomes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Market Action Index

The CARLSBAD market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 20.71. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before 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 Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Page 5 of 11 Monday April 12, 2010
 Condos & Townhomes in
City Overview
Pickford Escrow and The Escrow Firm
CARLSBAD, CA

Days on Market
The properties have been on the market for an average of 125 days. Half of the listings have come newly on the market in the
past 56 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 11 Monday April 12, 2010

 Neighborhood Detail Condos & Townhomes in

Pickford Escrow and The Escrow Firm

CARLSBAD, CA
92011

This Week Real-Time Market Profile Trend

The median list price in CARLSBAD, Median List Price $ 535,000 ±+
CA 92011 this week is $535,000. The Average List Price $ 577,537
43 properties have been on the Asking Price Per Square Foot $ 311 ±+
market for an average of 117 days. Average Days on Market (DoM) 117 ==

Inventory of Properties Listed 43 ≠≠

Most Expensive Listing $ 1,199,950

Inventory has been lightening lately Least Expensive Listing $ 259,880

and the Market Action Index has been Average Age of Listing 18
trending up. Though days-on-market Percent of Properties with Price Decrease 30 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 7%
indications for the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 1720
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 18.1 ==
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

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

Top/First $ 929,450 2426 3.0 2.5 8 10 1 1 60 Most expensive 25% of properties

Upper/Second $ 580,000 1947 3.0 2.5 11 11 3 1 164 Upper-middle 25% of properties

Lower/Third $ 449,000 1431 3.0 2.5 15 11 2 2 131 Lower-middle 25% of properties

Bottom/Fourth $ 339,900 1020 2.0 1.5 36 11 1 0 108 Least expensive 25% of properties

Page 7 of 11 Monday April 12, 2010

 Condos & Townhomes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92011

Median Price
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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code have generally settled at a plateau, although Quartile 1 has been
trending a bit downward 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 8 of 11 Monday April 12, 2010

 Condos & Townhomes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92011

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 9 of 11 Monday April 12, 2010

 Condos & Townhomes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92011

Market Action Index

The CARLSBAD, 92011 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 18.12. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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 Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Page 10 of 11 Monday April 12, 2010
 Condos & Townhomes in
Neighborhood Detail
Pickford Escrow and The Escrow Firm
CARLSBAD, CA
92011

Days on Market
The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the
past 56 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 11 of 11 Monday April 12, 2010