Monday February 3, 2014
Kurt Wannebo's Market Update Executive Summary
SAN DIEGO, CA 92130 Single Family Homes
This Week The median list price in SAN DIEGO, CA 92130 this week is $1,349,500. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price $ 1,349,500 Asking Price Per Square Foot $ 399 Average Days on Market (DOM) 115 Percent of Properties with Price Decrease 23 % Percent Relisted (reset DOM) 23 % Percent Flip (price increased) 10 % Median House Size (sq ft) 3572 Median Lot Size 6,501 - 8,000 sqft Median Number of Bedrooms 5.0
== ±+ ≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.
±+
No change
4.0
Seller's Advantage
35.5
≠≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Market Action Index
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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
$ 4,650,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
9350
0.25 - 0.50 acre
5.0
6.5
10
19
1
0
207
Most expensive 25% of properties
$ 1,549,000
3994
8,001 10,000 sqft
5.0
4.5
13
19
1
1
129
Upper-middle 25% of properties
Lower/Third
$ 1,210,000
3292
6,501 8,000 sqft
4.5
3.8
16
20
1
1
86
Lower-middle 25% of properties
Bottom/Fourth
$ 864,500
2411
4,501 6,500 sqft
4.0
2.5
14
20
7
2
43
Least expensive 25% of properties
Kurt Wannebo | San Diego Real Estate & Investments | 1.888.473.7324
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