Monday May 10, 2010

Joseph R. Marciano's SAN DIEGO, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 519,900 ==
Asking Price Per Square Foot $ 286 ±+
The median list price in SAN DIEGO, CA this week is $519,900. Average Days on Market (DOM) 124 ==
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 8%
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 6%
increased demand will temper the negative trends. Median House Size (sq ft) 1770
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Buyer's Advantage 23.2 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index Prices continue their climb again this week. We're a long way
from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.

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
0.25 - 0.50
Top/First $ 1,229,000 3483 acre 4.0 3.5 10 631 50 35 168 Most expensive 25% of properties

6,501 -
Upper/Second $ 649,000 2058 8,000 sqft 4.0 2.5 32 632 81 77 103 Upper-middle 25% of properties

4,501 -
Lower/Third $ 410,000 1498 6,500 sqft 3.0 2.0 46 632 74 85 105 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 239,900 1236 6,500 sqft 3.0 2.0 50 632 82 98 122 Least expensive 25% of properties

Joseph R. Marciano | Prudential California Realty | 951.553.5109

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