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HotOnSanDiego's MARKET UPDATE ESCONDIDO, CA 92029

· 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 April 19, 2010

· Presented by Sue Johnson, The Hot On San Diego Team Windermere Exclusive Properties www.HotOnSanDiego.com 877-571-2289

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC


City Overview

Single Family Homes in

ESCONDIDO, CA

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

This Week

Real-Time Market Profile

The median list price in ESCONDIDO, CA this week is $407,225. The 624 properties have been on the market for an average of 133 days.

Trend

Median List Price

$ 407,225

Average List Price

$ 516,414 $ 194

±+

Average Days on Market (DoM)

133

≠≠

Inventory of Properties Listed

624

==

Asking Price Per Square Foot

Most Expensive Listing

Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the market.

$ 6,500,000

Least Expensive Listing

$ 76,500

Average Age of Listing

28

Percent of Properties with Price Decrease

30 %

Percent Relisted (reset DOM)

6%

Percent Flip (price increased)

6%

Median House Size (sq ft)

2070

Median Lot Size

Supply and Demand

±+

0.50 - 1.0 acre

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Market Action Index

Strong Buyer's

21.8

==

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:

±+

No change

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

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 777,000

3278

1.0 - 2.5 acres

4.0

3.0

18

156

13

12

156

Most expensive 25% of properties

Upper/Second

$ 489,900

2578

0.50 - 1.0 acre

4.0

2.5

18

156

18

11

126

Upper-middle 25% of properties

Lower/Third

$ 329,900

1768

0.25 - 0.50 acre

3.0

2.0

32

156

16

16

128

Lower-middle 25% of properties

Bottom/Fourth

$ 225,000

1296

6,501 8,000 sqft

3.0

2.0

42

156

13

13

122

Least expensive 25% of properties

Page 2 of 11

Monday April 19, 2010


Single Family Homes in

City Overview

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA

Median Price Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

7-day Average

90-day Average

Quartile Prices While prices in the upper half of the market has shown essentially mixed pricing lately, the lower half of the market is trending lower. Quartiles 3 and 4 have been in price decline in recent weeks, with Quartiles 1 and 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

First/Top

Page 3 of 11

Second/Upper

Third/Lower

Monday April 19, 2010

Fourth/Bottom


Single Family Homes in

City Overview

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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

Page 4 of 11

90-day Average

Monday April 19, 2010


Single Family Homes in

City Overview

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA

Market Action Index The ESCONDIDO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 21.82. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before 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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Page 5 of 11

Monday April 19, 2010


Single Family Homes in

City Overview

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA

Days on Market The properties have been on the market for an average of 133 days. Half of the listings have come newly on the market in the past 70 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

Page 6 of 11

Second/Upper

Third/Lower

Monday April 19, 2010

Fourth/Bottom


Neighborhood Detail

Single Family Homes in

ESCONDIDO, CA 92029

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

This Week

Real-Time Market Profile

The median list price in ESCONDIDO, CA 92029 this week is $637,000. The 94 properties have been on the market for an average of 118 days.

Trend

Median List Price

$ 637,000

Average List Price

$ 800,365 $ 240

±+

Average Days on Market (DoM)

118

≠≠

Inventory of Properties Listed

94

==

Asking Price Per Square Foot

Most Expensive Listing

With inventory trending up but dayson-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.

$ 6,500,000

Least Expensive Listing

$ 217,000

Average Age of Listing

26

Percent of Properties with Price Decrease

37 %

Percent Relisted (reset DOM)

10 %

Percent Flip (price increased)

7%

Median House Size (sq ft)

2577

Median Lot Size

Supply and Demand

==

0.50 - 1.0 acre

Median Number of Bedrooms

4.0

Median Number of Bathrooms

2.5

Altos Research Value Statistics

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics

Market Action Index

Strong Buyer's

18.1

±+

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 = Slight upward trend ≠ Slight downward trend

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 995,000

3300

2.5 - 5.0 acres

4.0

3.5

20

23

0

2

149

Most expensive 25% of properties

Upper/Second

$ 729,000

2871

0.50 - 1.0 acre

4.0

2.5

25

23

3

1

111

Upper-middle 25% of properties

Lower/Third

$ 535,000

2468

0.50 - 1.0 acre

3.5

2.5

20

24

4

3

74

Lower-middle 25% of properties

Bottom/Fourth

$ 365,500

1744

0.50 - 1.0 acre

3.5

2.0

32

24

4

1

139

Page 7 of 11

Monday April 19, 2010

Least expensive 25% of properties


Single Family Homes in

Neighborhood Detail

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA 92029

Median Price Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

7-day Average

90-day Average

Quartile Prices In the quartile market segments, we see prices in this zip code not showing any strong directional trend. Quartile 4 is down, Quartile 2 is at a plateau, while Quartiles 1 and 3 are up in the last few weeks. We'll need to see strong, persistent shifts (up or down) in the Market Action Index before being able to determine where this market is heading.

First/Top

Page 8 of 11

Second/Upper

Third/Lower

Monday April 19, 2010

Fourth/Bottom


Single Family Homes in

Neighborhood Detail

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA 92029

Price per Square Foot In a market where prices are rising fairly consistently, 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 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

Page 9 of 11

90-day Average

Monday April 19, 2010


Single Family Homes in

Neighborhood Detail

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA 92029

Market Action Index The ESCONDIDO, 92029 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.10. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of demand. Watch the quartiles for changes before the overall market shifts.

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 Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Page 10 of 11

Monday April 19, 2010


Single Family Homes in

Neighborhood Detail

Sue Johnson & The Hot On San Diego Real Estate Team 877-571-2289 www.

ESCONDIDO, CA 92029

Days on Market The properties have been on the market for an average of 118 days. Half of the listings have come newly on the market in the past 74 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

Page 11 of 11

Second/Upper

Third/Lower

Monday April 19, 2010

Fourth/Bottom

Sue Johnson's Market Update For April 26th 2010 For Zip Code 92029  

Market trend report for 92029

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