rancho santa margarita

8/14/2019 RANCHO SANTA MARGARITA

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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]

RANCHO SANMARGARITA,

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


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Median List Price

Median Lot Size

19.9

Percent Relisted (reset DOM)

1900

2.5

5 %

Median Number of Bathrooms

158

Inventory of Properties Listed

$ 268

Percent Flip (price increased)

Less than 4,500 sqft

Median House Size (sq ft)

$ 500,000

28 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %

Percent of Properties with Price Decrease

Strong Buyer's

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+

+

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

13 22900

1522.5 16

3.0

1

118

3.0 33

143

3

0

4,501 -6,500 sqft

20

$ 495,000

4

1

33

3.0

Less than4,500 sqft

22.5

1488Less than

4,500 sqft

32

$ 425,000

4.0

219

4,501 -6,500 sqft$ 549,450

4.0$ 699,450

13

2

2031

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.

Monday February 15, 2010

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

32

1749

2.5

The median list price in RANCHOSANTA MARGARITA, CA this week is

$500,000. The 130 properties havebeen on the market for an average of158 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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RANCHSANT

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

130

$ 3,695,000

$ 324,900

$ 562,776

16

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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City OverviewRANCH

SAN


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.

90-day Average7-day Average

Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.

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

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Single Family Hom


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City OverviewRANCH

SAN


Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


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.


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Single Family Hom


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City OverviewRANCH

SAN


Market Action IndexThe RANCHO SANTA MARGARITA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 19.92. With several months of inventory available at the current sales rate, buyers should find amplechoice.

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.

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Single Family Hom


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City OverviewRANCH

SAN


Days on MarketThe properties have been on the market for an average of 158 days. Half of the listings have come newly on the market in thepast 88 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.


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Single Family Hom

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