aliso viejo

8/14/2019 ALISO VIEJO

1/6

MARKET UPDATEJennifer Pritchett

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofFebruary 15, 2010

Presented by Your Orange County Real Estate ConnectionColdwell Banker Residential [email protected]

ALISO VIEJO,

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC


2/6

Median List Price

Median Lot Size

23.1

Percent Relisted (reset DOM)

1915

2.5

12 %

Median Number of Bathrooms

193

Inventory of Properties Listed

$ 290

Percent Flip (price increased)

Less than 4,500 sqft

Median House Size (sq ft)

$ 599,000

31 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Buyer's Advantage

==

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" By measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

12 23000

2642.5 18

3.0

1

165

3.0 18

151

2

3

4,501 -6,500 sqft

34

$ 562,000

3

0

18

3.0

Less than4,500 sqft

32.5

1243Less than

4,500 sqft

18

$ 247,450

4.0

192

Less than4,500 sqft$ 637,450

5.0$ 804,938

18

0

1957

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.

Monday February 15, 2010

Jennifer Pritchett Account | Coldwell Banker | 949-212-5279

18

1860

2.0

The median list price in ALISO VIEJO,CA this week is $599,000. The 72

properties have been on the marketfor an average of 193 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

ALISO VIEJC

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

72

$ 1,299,885

$ 174,900

$ 591,225

20

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

Page 2 of 6

Single Family Home


3/6


City OverviewALISO VIEJ

C


Median PriceDespite this week's down tic, price trends have generally been moving up lately. Prices are below the market's high point, and sowatch the Market Action Index as an indicator of how long this trend will last.

90-day Average7-day Average

Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6

Single Family Hom


4/6



C


Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 4 of 6

Single Family Hom


5/6



C


Market Action IndexThe ALISO VIEJO market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 23.10 so buyers should expect find reasonable levels of selection.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (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 thecurrent rate of sale versus current inventory.

Page 5 of 6

Single Family Hom


6/6




Days on MarketThe properties have been on the market for an average of 193 days. Half of the listings have come newly on the market in thepast 102 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 6

Single Family Hom

aliso viejo

Documents