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This Week
Real-Time Market Profile Trend
Median List Price $ 1,149,000 ≠≠
Asking Price Per Square Foot $ 508 ±+
The median list price in CARDIFF BY THE SEA, CA this week is Average Days on Market (DOM) 187 ≠≠
$1,149,000.
Percent of Properties with Price Decrease 27 %
Percent Relisted (reset DOM) 14 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 2%
signs for prices. Median House Size (sq ft) 2283
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0
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 prices
as the market transitions from a Buyer's market to a Seller's market.
Price
Market Action Index Again this week we see a downward notch for prices. Prices
continue to pull back from the market's highs. The Market Action
Index is a good leading indicator for the durability of this trend.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
0.25 - 0.50
Upper/Second $ 1,347,500 3210 acre 4.5 3.5 9 12 2 3 169 Upper-middle 25% of properties
4,501 -
Lower/Third $ 919,000 1878 6,500 sqft 3.0 2.5 24 12 3 2 202 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 699,000 1490 10,000 sqft 3.0 2.0 49 13 1 2 226 Least expensive 25% of properties
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