Monday February 22, 2010

Your Local Executive VALLEY CENTER, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 522,500 ==
Asking Price Per Square Foot $ 180 ±+
The median list price in VALLEY CENTER, CA this week is $522,500. Average Days on Market (DOM) 207 ==
Percent of Properties with Price Decrease 34 %
Percent Relisted (reset DOM) 16 %
The Market Action index has been trending down lately, while
days-on-market is climbing, providing mostly bearish signs for the Percent Flip (price increased) 6%
market. Median House Size (sq ft) 3040
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 18.3 ≠≠

In terms of supply and demand, the market is getting cooler - more ±+ No change == Strong upward trend ≠≠ Strong downward trend
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is = Slight upward trend ≠ Slight downward trend
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. 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
5.0 - 10
Top/First $ 895,000 3487 acres 4.0 3.5 8 29 0 1 276 Most expensive 25% of properties

1.0 - 2.5
Upper/Second $ 599,000 3459 acres 4.0 3.5 8 30 1 3 220 Upper-middle 25% of properties

1.0 - 2.5
Lower/Third $ 459,500 3018 acres 4.0 3.2 8 30 0 1 172 Lower-middle 25% of properties

2.5 - 5.0
Bottom/Fourth $ 347,000 1925 acres 3.0 2.0 21 30 2 1 163 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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