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Monday June 12, 2017

Your Local Market's RANCHO SANTA


Executive Summary Single Family Homes

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

Supply and Demand Market Action Index Strong Seller's 62.5 +

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

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
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

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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA

Current Real Estate Market Conditions for Single Family Homes


Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of


June 12, 2017

Presented by Your Local Market Reports


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Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend


The median list price in RANCHO Median List Price $ 789,500 +
SANTA MARGARITA, CA this week is Average List Price $ 805,159
$789,500. The 52 properties have Asking Price Per Square Foot $ 352 =

been on the market for an average of Average Days on Market (DoM) 26 +


26 days. Inventory of Properties Listed 52 ==

Most Expensive Listing $ 1,099,999


The Market Action Index has been Least Expensive Listing $ 474,900

trending down lately, while inventory Average Age of Listing 22


is climbing. These trends imply a Percent of Properties with Price Decrease 29 %
weakening market. Percent Relisted (reset DOM) 4%
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

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


In the last few weeks the market has Market Action Index Strong Seller's 62.5 +

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.

Characteristics per Quartile

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

Page 2 of 6 Monday June 12, 2017


Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

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.

7-day Average 90-day Average

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.

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

Page 3 of 6 Monday June 12, 2017


Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Price per Square Foot


The value placed on homes appears to be on the upswing, despite the fact that prices in general have remained basically flat.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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 6 Monday June 12, 2017


Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Market Action Index


The RANCHO SANTA MARGARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day
Market Action Index stands at 62.52; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile


Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the
whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a
slowdown for 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 Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6 Monday June 12, 2017


Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

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.

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 6 Monday June 12, 2017

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