Monday May 17, 2010

Sean Zanganeh's SAN DIEGO, CA 92128

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 576,950 ≠≠
Asking Price Per Square Foot $ 289 ±+
The median list price in SAN DIEGO, CA 92128 this week is Average Days on Market (DOM) 108 ±+
$576,950.
Percent of Properties with Price Decrease 44 %
Percent Relisted (reset DOM) 7%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 5%
market. Median House Size (sq ft) 1955
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 20.5 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.

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
0.50 - 1.0
Top/First $ 839,450 3190 acre 5.0 3.0 24 38 4 4 161 Most expensive 25% of properties

8,001 -
Upper/Second $ 627,000 2213 10,000 sqft 4.0 2.5 30 38 5 4 88 Upper-middle 25% of properties

6,501 -
Lower/Third $ 532,500 1822 8,000 sqft 3.0 2.2 28 38 4 4 82 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 394,500 1480 6,500 sqft 2.0 2.0 40 38 4 5 100 Least expensive 25% of properties

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

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