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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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