full 11 page rancho cucamonga 91737 real esatate market report
TRANSCRIPT
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8/6/2019 Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report
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MARKET UPDATEWilliam Lim's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofMay 16, 2011
Presented by William LimPrudential California Realtywww.WilliamLim.com - [email protected]
RANCHCUCAMONGA, CA 917
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
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8/6/2019 Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report
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Median List Price
Median Lot Size
19.5
Percent Relisted (reset DOM)
1994
3.0
9 %
Median Number of Bathrooms
117
Inventory of Properties Listed
$ 172
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 345,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
+
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
10 73490
1132.5 25
3.0
16
106
4.0 145
122
10
9
0.50 - 1.0acre
34
$ 299,000
16
12
145
4.0
6,501 -8,000 sqft
113.0
12806,501 -
8,000 sqft
145
$ 230,000
4.0
129
6,501 -8,000 sqft$ 399,900
5.0$ 579,475
13
15
2452
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday May 16, 2011
William Lim | Prudential California Realty | 909-239-2006
144
1681
2.0
The median list price in RANCHOCUCAMONGA, CA this week is
$345,000. The 579 properties havebeen on the market for an average of117 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+
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RANCCUCAMONGA,
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
579
$ 2,800,000
$ 134,900
$ 412,314
24
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.
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Single Family Home
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William Lim | Prudential California Realty | 909-239-2006
City OverviewRANC
CUCAMONGA,
Monday May 16, 2011
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
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
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Single Family Hom
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William Lim | Prudential California Realty | 909-239-2006
City OverviewRANC
CUCAMONGA,
Monday May 16, 2011
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
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Single Family Hom
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8/6/2019 Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report
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William Lim | Prudential California Realty | 909-239-2006
City OverviewRANC
CUCAMONGA,
Monday May 16, 2011
Market Action IndexThe RANCHO CUCAMONGA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.49. With several months of inventory available at the current sales rate, buyers should find ample choice.
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
changes.
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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
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Single Family Hom
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William Lim | Prudential California Realty | 909-239-2006
City OverviewRANC
CUCAMONGA,
Monday May 16, 2011
Days on MarketThe properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Median List Price
Median Lot Size
19.8
Percent Relisted (reset DOM)
2569
3.5
4 %
Median Number of Bathrooms
131
Inventory of Properties Listed
$ 187
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 447,000
40 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
+
==
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
8 15281
1013.0 22
4.0
1
121
4.0 23
150
0
1
0.50 - 1.0acre
25
$ 385,000
2
2
23
6.0
6,501 -8,000 sqft
33.5
15564,501 -
6,500 sqft
22
$ 278,000
4.0
154
0.50 - 1.0acre$ 585,000
5.0$ 999,944
27
5
2928
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday May 16, 2011
William Lim | Prudential California Realty | 909-239-2006
22
2203
2.0
The median list price in RANCHOCUCAMONGA, CA 91737 this week is
$447,000. The 90 properties havebeen on the market for an average of131 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+
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RANCCUCAMONGA,
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
90
$ 2,750,000
$ 239,900
$ 609,057
22
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
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Single Family Home
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William Lim | Prudential California Realty | 909-239-2006
Neighborhood DetailRANC
CUCAMONGA,
Monday May 16, 2011
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the middle of the market in this zip code staying on an up trend lately, while Quartiles1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward pricetrend or whether we're at the beginning of a decline.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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8/6/2019 Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report
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William Lim | Prudential California Realty | 909-239-2006
Neighborhood DetailRANC
CUCAMONGA,
Monday May 16, 2011
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
90-day Average7-day Average
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.
90-day Average7-day Average
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Single Family Hom
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William Lim | Prudential California Realty | 909-239-2006
Neighborhood DetailRANC
CUCAMONGA,
Monday May 16, 2011
Market Action IndexThe RANCHO CUCAMONGA, 91737 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 19.82. With several months of inventory available at the current sales rate, buyers should findample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
age 10 of 11
Single Family Hom
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William Lim | Prudential California Realty | 909-239-2006
Neighborhood DetailRANC
CUCAMONGA,
Monday May 16 2011
Days on MarketThe properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in thepast 77 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom