Monday February 22, 2010

Your Local Executive OCEANSIDE, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 350,000 ==
Asking Price Per Square Foot $ 195 ±+
The median list price in OCEANSIDE, CA this week is $350,000. Average Days on Market (DOM) 134 ≠≠
Percent of Properties with Price Decrease 16 %
Percent Relisted (reset DOM) 11 %
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 9%
come available, these are positive trends for the market. Median House Size (sq ft) 1716
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Buyer's Advantage 26.9 ==

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 This week saw relatively little price change from last week.
However, prices continue demonstrate a nice up trend in general
over the last several weeks.

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 $ 575,000 2642 10,000 sqft 4.0 2.8 17 116 10 14 158 Most expensive 25% of properties

6,501 -
Upper/Second $ 398,500 2176 8,000 sqft 4.0 2.5 17 116 9 10 118 Upper-middle 25% of properties

6,501 -
Lower/Third $ 319,350 1602 8,000 sqft 3.0 2.0 27 116 13 13 125 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 222,498 1156 8,000 sqft 3.0 2.0 33 116 17 14 137 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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