Monday February 22, 2010

Your Local Executive BONSALL, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,245,000 ==
Asking Price Per Square Foot $ 325 ±+
The median list price in BONSALL, CA this week is $1,245,000. Average Days on Market (DOM) 243 ≠≠
Percent of Properties with Price Decrease 29 %
Percent Relisted (reset DOM) 33 %
The Market Action Index has been trending down recently, but as
days-on-market decreases also, there are not strong signals for the Percent Flip (price increased) 4%
direction of the market. Median House Size (sq ft) 4159
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.5

Supply and Demand Market Action Index Strong Buyer's 21.4 ≠≠

In terms of supply and demand, the market is getting cooler - more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.
Market Action Index
±+ No change == Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
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
2.5 - 5.0
Top/First $ 2,324,500 5750 acres 5.0 5.0 7 6 0 0 247 Most expensive 25% of properties

2.5 - 5.0
Upper/Second $ 1,448,850 4298 acres 3.5 3.8 6 6 1 0 304 Upper-middle 25% of properties

2.5 - 5.0
Lower/Third $ 919,500 3392 acres 4.0 3.2 16 6 0 1 233 Lower-middle 25% of properties

0.50 - 1.0
Bottom/Fourth $ 423,995 2046 acre 3.0 2.2 32 6 1 1 187 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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