Monday March 1, 2010

David Wright's Executive BREA, CA 92821

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 499,000 ±+
Asking Price Per Square Foot $ 269 ==
The median list price in BREA, CA 92821 this week is $499,000. Average Days on Market (DOM) 155 ==
Percent of Properties with Price Decrease 34 %
Percent Relisted (reset DOM) 9%
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not Percent Flip (price increased) 3%
providing strong indication for market conditions. Median House Size (sq ft) 1832
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 Strong Buyer's 22.9 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index We continue to see prices in this zip code hovering around these
current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before
we see prices move significantly from here.

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
6,501 -
Top/First $ 659,000 2404 8,000 sqft 4.0 2.5 30 23 6 5 185 Most expensive 25% of properties

4,501 -
Upper/Second $ 530,000 1970 6,500 sqft 4.0 2.0 34 23 4 2 131 Upper-middle 25% of properties

6,501 -
Lower/Third $ 475,000 1700 8,000 sqft 3.0 2.0 45 23 2 3 81 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 377,450 1394 6,500 sqft 3.0 2.0 40 24 2 5 221 Least expensive 25% of properties

David Wright | Wright Realty | 7144429692

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