Issuu on Google+

Monday June 14, 2010

Coastalhomefinder.com Executive Summary

RANCHO SANTA FE, CA Single Family Homes

This Week The median list price in RANCHO SANTA FE, CA this week is $2,995,000. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.

Real-Time Market Profile

Trend

Median List Price $ 2,995,000 Asking Price Per Square Foot $ 519 Average Days on Market (DOM) 224 Percent of Properties with Price Decrease 29 % Percent Relisted (reset DOM) 12 % Percent Flip (price increased) 2% Median House Size (sq ft) 6090 Median Lot Size 1.0 - 2.5 acres Median Number of Bedrooms 5.0

≠≠ ±+ ≠≠

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

5.5

Strong Buyer's

11.1

==

== 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

$ 6,495,000

9268

Upper/Second

$ 3,600,000

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

2.5 - 5.0 acres

6.0

7.0

10

73

2

2

309

Most expensive 25% of properties

6926

1.0 - 2.5 acres

5.0

5.5

12

73

5

3

242

Upper-middle 25% of properties

$ 2,595,000

5700

1.0 - 2.5 acres

5.0

4.5

21

73

6

8

186

Lower-middle 25% of properties

$ 1,675,000

3363

1.0 - 2.5 acres

4.0

3.5

25

73

4

2

158

Least expensive 25% of properties

Loren D. Sanders | Windermere | 760-602-1000

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


Rancho Sante Fe Real Estate Update