union city full market update.pdf

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MARKET UPDATEIntero Real Estate Services-

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week of

October 21, 2013

· Presented by Intero Real Estate Services-FremontIntero Real Estate Services

www.Facebook.com/InteroEastBay510.651.6500

UNION CITY,

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC



Median List Price

Median Lot Size

61.1

Percent Relisted (reset DOM)

1640

2.5

6 %

Median Number of Bathrooms

38

Inventory of Properties Listed

$ 342

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 575,000

23 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

6 %

Percent of Properties with Price Decrease

Strong Seller's

≠≠

≠≠

==

==

±+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-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

22 22356

362.0 39

4.0

2

47

4.0 9

33

2

1

4,501 -6,500 sqft

28

$ 548,000

0

3

9

3.0

4,501 -6,500 sqft

32.0

14494,501 -

6,500 sqft

9

$ 499,000

4.0

36

4,501 -6,500 sqft$ 615,000

4.0$ 751,944

38

5

1793

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday October 21, 2013

Intero Real Estate Services | EastBay

8

1548

2.0

The median list price in UNION CITY,CA this week is $575,000. The 35

properties have been on the marketfor an average of 38 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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≠=

UNION CITY,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

35

$ 858,888

$ 419,000

$ 599,498

38

Trend Key:

In the last few weeks, the markethas been at a stasis point in terms ofsales to inventory. However, pricesseem to continue to fall a bit.Technically supply levels indicatethis is a Seller's market so it is likelythat the downward pricing pressurewill be light or variable. Watch foran up-shift in the MAI before pricestability is achieved.

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Single Family Home




City OverviewUNION CITY,


Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.

90-day Average7-day Average

Quartile PricesPrice weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market istrending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in themarket.

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

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Single Family Hom






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.


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Single Family Hom






Market Action IndexThe UNION CITY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 61.07; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Single Family Hom






Days on MarketThe properties have been on the market for an average of 38 days. Half of the listings have come newly on the market in thepast 35 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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