Monday February 1, 2010

Your Local Executive OCEANSIDE, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 360,000 ==
Asking Price Per Square Foot $ 192 ±+
The median list price in OCEANSIDE, CA this week is $360,000. Average Days on Market (DOM) 127 ≠≠
Percent of Properties with Price Decrease 13 %
Percent Relisted (reset DOM) 12 %
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 7%
come available, these are positive trends for the market. Median House Size (sq ft) 1753
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Buyer's Advantage 26.2 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index Prices continue their climb again this week. We're a long way
from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.

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 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
8,001 -
Top/First $ 565,000 2618 10,000 sqft 4.0 3.0 18 105 55 8 144 Most expensive 25% of properties

6,501 -
Upper/Second $ 400,000 2198 8,000 sqft 4.0 2.5 16 105 28 12 108 Upper-middle 25% of properties

6,501 -
Lower/Third $ 319,000 1643 8,000 sqft 3.0 2.0 23 105 23 12 121 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 220,000 1226 8,000 sqft 3.0 2.0 35 105 15 7 136 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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