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This Week
Real-Time Market Profile Trend
Median List Price $ 789,500 +
Asking Price Per Square Foot $ 352 =
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 26 +
is $789,500.
Percent of Properties with Price Decrease 29 %
Percent Relisted (reset DOM) 4%
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 2%
Median House Size (sq ft) 2246
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
In the last few weeks the market has achieved a relative stasis point + No change == Strong upward trend Strong downward trend
in terms of sales to inventory. However, inventory is sufficiently low
to keep us in the Seller's Market zone so watch changes in the MAI. = Slight upward trend Slight downward trend
If the market heats up, prices are likely to resume an upward climb.
Price
Market Action Index The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
4,501 -
Upper/Second $ 829,000 2405 6,500 sqft 4.0 2.5 22 13 7 1 18 Upper-middle 25% of properties
4,501 -
Lower/Third $ 750,000 2045 6,500 sqft 4.0 2.5 27 13 5 4 17 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 665,000 1758 4,500 sqft 3.0 2.5 20 13 3 3 38 Least expensive 25% of properties
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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA
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City Overview Single Family Homes in
.
RANCHO SANTA
MARGARITA, CA
achieved a relative stasis point in 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
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone so watch changes in the MAI. If Trend Key: == Strong upward trend Strong downward trend
the market heats up, prices are + No change = Slight upward trend Slight downward trend
likely to resume an upward climb.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 978,000 3200 6,500 sqft 4.0 3.0 20 13 6 1 32 Most expensive 25% of properties
4,501 -
Upper/Second $ 829,000 2405 6,500 sqft 4.0 2.5 22 13 7 1 18 Upper-middle 25% of properties
4,501 -
Lower/Third $ 750,000 2045 6,500 sqft 4.0 2.5 27 13 5 4 17 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 665,000 1758 4,500 sqft 3.0 2.5 20 13 3 3 38 Least expensive 25% of properties
Median Price
The market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for the
durability of this trend.
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.
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 Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 26 days. Half of the listings have come newly on the market in the
past 14 or so days.