Monday May 17, 2010

Sean Zanganeh's POWAY, CA 92064

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 769,950 ==
Asking Price Per Square Foot $ 303 ±+
The median list price in POWAY, CA 92064 this week is $769,950. Average Days on Market (DOM) 104 ≠≠
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 5%
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) 2669
Median Lot Size 0.50 - 1.0 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 18.7 ≠≠

In terms of supply and demand, the market is getting cooler - more ±+ No change == Strong upward trend ≠≠ Strong downward trend
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is = Slight upward trend ≠ Slight downward trend
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. Price
Market Action Index In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
in general over the last several weeks.

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 $ 1,695,000 4676 acres 5.0 4.5 10 60 3 1 144 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 998,500 3236 acres 4.0 3.0 23 60 7 2 116 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 635,000 2142 acre 4.0 2.5 32 60 7 3 63 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 402,000 1471 8,000 sqft 4.0 2.0 38 60 3 5 93 Least expensive 25% of properties

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

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