Monday November 6, 2017

Your Local Market's RANCHO SANTA MARGARITA, CA

Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 429,700 +
Asking Price Per Square Foot $ 414 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 40 ==
is $429,700.
Percent of Properties with Price Decrease 35 %
Percent Relisted (reset DOM) 8%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 0%
are mildly positive indications for the market. Median House Size (sq ft) 1070
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 60.3 +

Supply and Demand

The market remains in a relative stasis in terms of sales to + No change == Strong upward trend Strong downward trend
inventory. Prices have not been moving higher for several weeks.
However, inventory is sufficiently low to keep us in the Seller's = Slight upward trend Slight downward trend
Market zone so watch changes in the MAI. If the market heats up
persistently, prices are likely to resume an upward climb.

Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 542,200 1338 3.0 2.5 23 10 2 4 38 Most expensive 25% of properties

Upper/Second $ 472,495 1179 2.0 2.2 24 10 3 1 21 Upper-middle 25% of properties

Lower/Third $ 397,000 985 2.0 2.0 26 10 1 3 57 Lower-middle 25% of properties

Bottom/Fourth $ 357,000 768 2.0 1.5 29 10 0 4 44 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 Condos & Townhomes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of

November 06, 2017

Presented by Your Local Market Reports

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 City Overview Condos & Townhomes in

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RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 429,700 +
SANTA MARGARITA, CA this week is Average List Price $ 442,136
$429,700. The 40 properties have Asking Price Per Square Foot $ 414 +

been on the market for an average of Average Days on Market (DoM) 40 ==

40 days. Inventory of Properties Listed 40

Most Expensive Listing $ 725,000

Inventory has been lightening lately Least Expensive Listing $ 274,900

and the Market Action Index has been Average Age of Listing 26
trending up. Though days-on-market Percent of Properties with Price Decrease 35 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 8%
indications for the market. Percent Flip (price increased) 0%
Median House Size (sq ft) 1070
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0

Supply and Demand Altos Research Value Statistics

The market has achieved a relative Market Action Index Strong Seller's 60.3 +

stasis point in terms of sales to
inventory. However, inventory is
sufficiently low to keep us in the
Seller's Market zone and prices have
been moving upward as evidence.
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 a seller's advantage. Below 30, conditions give the advantage to the
buyer.
Trend Key: == Strong upward trend Strong downward trend
+ No change = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM

Top/First $ 542,200 1338 3.0 2.5 23 10 2 4 38 Most expensive 25% of properties

Upper/Second $ 472,495 1179 2.0 2.2 24 10 3 1 21 Upper-middle 25% of properties

Lower/Third $ 397,000 985 2.0 2.0 26 10 1 3 57 Lower-middle 25% of properties

Bottom/Fourth $ 357,000 768 2.0 1.5 29 10 0 4 44 Least expensive 25% of properties

Page 2 of 6 Monday November 6, 2017

 Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Median Price
The market continues its bounce again this week. We're a long way from the market's high point so watch the Market Action
Index as a leading indicator for how long this trend will last.

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 November 6, 2017

 Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Price per Square Foot

In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on
the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 4 of 6 Monday November 6, 2017

 Condos & Townhomes in
City Overview
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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 60.32; 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 November 6, 2017

 Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 40 days. Half of the listings have come newly on the market in the
past 28 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 November 6, 2017