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Monday August 30, 2010

Windermere Market Trend Report Executive Summary

POWAY, CA Single Family Homes

This Week The median list price in POWAY, CA this week is $699,500.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Real-Time Market Profile

Trend

Median List Price $ 699,500 Asking Price Per Square Foot $ 289 Average Days on Market (DOM) 117 Percent of Properties with Price Decrease 51 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 4% Median House Size (sq ft) 2442 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 4.0

≠≠ ±+ ==

Median Number of Bathrooms

Supply and Demand

Market Action Index

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off 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.

±+

No change

2.5

Strong Buyer's

14.0

==

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Price

Market Action Index

The market has 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

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Top/First

$ 1,525,000

4916

Upper/Second

$ 898,900

Lower/Third Bottom/Fourth

Lot Size

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Beds

Baths

Age Inventory New Absorbed DOM

1.0 - 2.5 acres

5.0

4.5

15

71

3

1

159

Most expensive 25% of properties

3099

0.50 - 1.0 acre

4.0

3.0

23

71

2

3

106

Upper-middle 25% of properties

$ 569,000

1971

0.25 - 0.50 acre

4.0

2.0

32

71

3

4

104

Lower-middle 25% of properties

$ 385,000

1452

6,501 8,000 sqft

4.0

2.0

39

71

5

7

97

Least expensive 25% of properties

Windermere Exclusive Properties | Windermere Exclusive Properties | 1-877-433-9469

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Monday August 30, 2010

Windermere Market Trend Report Executive Summary

POWAY, CA Condos - Townhomes - TICs

This Week

Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms

The median list price in POWAY, CA this week is $270,000.

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.

Market Action Index

Supply and Demand Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off 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.

±+

No change

Trend $ 270,000 $ 211 106 50 % 20 % 5% 1337 2.5 2.0

≠≠ ±+ ==

13.7

==

Strong Buyer's

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Price

Market Action Index

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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

Characteristics per Quartile Quartile

Median Price

Square Feet

Beds

Baths

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Age Inventory New Absorbed DOM

Top/First

$ 330,000

1524

3.0

2.5

17

5

0

1

60

Upper/Second

$ 315,000

1357

3.0

2.0

32

5

0

1

113

Upper-middle 25% of properties

Lower/Third

$ 250,000

1305

3.0

2.0

36

5

0

0

137

Lower-middle 25% of properties

Bottom/Fourth

$ 180,000

871

2.0

2.0

33

5

0

0

115

Least expensive 25% of properties

Most expensive 25% of properties

Windermere Exclusive Properties | Windermere Exclusive Properties | 1-877-433-9469

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC


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