Monday November 30, 2009

Your Local Executive CARDIFF BY THE SEA, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,115,000 ≠≠
Asking Price Per Square Foot $ 476 ±+
The median list price in CARDIFF BY THE SEA, CA this week is Average Days on Market (DOM) 177 ±+
$1,115,000.
Percent of Properties with Price Decrease 23 %
Percent Relisted (reset DOM) 13 %
Demand measured by the Market Action Index is increasing and
days-on-market is holding steady. With more properties coming Percent Flip (price increased) 10 %
available, conditions are mildly positive. Median House Size (sq ft) 2692
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 16.5 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
= Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch

Price
prices as the market transitions from a Buyer's market to a Seller's
market.

Market Action Index Again this week in this zip code we see a downward notch for
prices. We continue to pull back from the market's highs. At this
point, we will be looking for a persistent upward shift in the
Market Action Index as a leading indicator for a trough in prices.

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 $ 2,500,000 4300 10,000 sqft 4.0 4.5 19 13 0 2 181 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 1,350,000 3173 acre 4.0 3.5 17 13 0 0 192 Upper-middle 25% of properties

4,501 -
Lower/Third $ 949,000 2260 6,500 sqft 3.0 3.0 32 13 1 2 170 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 703,000 1551 10,000 sqft 3.0 2.0 48 13 1 1 165 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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