Professional Documents
Culture Documents
market update
KESWICK
22947
1 $ 2,147,500 6,518 2.5 - 5.0 acres 5.0 6.0 8 24 1 0 225 Most expensive 25% of homes
2 $ 973,500 4,658 0.50 - 1.0 acre 4.0 4.5 10 24 10 0 126 Upper-middle 25% of homes
3 $ 619,000 3,654 0.50 - 1.0 acre 4.0 4.0 13 25 22 0 143 Lower-middle 25% of homes
4 $ 399,900 2,224 2.5 - 5.0 acres 3.0 2.0 14 25 23 0 172 Least expensive 25% of homes
PRICE
Despite this week's down tic, the market
seems to have paused around this
plateau. The Market Action Index is a
good leading indicator for the
durability of this shift.
QUARTILE PRICES
Often, we find insights by watching
pricing trends within the quartile
segments.
Pricing across most of the market has
been relatively strong recently. While
Quartile 3 is basically flat, all other
segments are in an up trend period.
Unless the Market Action Index has a
persistent downward shift, expect that
Quartile 3 will assume a similar trend
with the other groups.
INVENTORY
Inventory has been falling in recent
weeks. Note that declining inventory
alone does not signal a strengthening
market. Look to the Market Action
Index and Days on Market trends to
gauge whether buyer interest is
changing with the available supply.
Residential house prices are a function of supply and demand, and market conditions can be MARKET ACTION INDEX
characterized by analyzing those factors. Watch this index for sustained changes: if the index
falls into the Buyer’s Market zone for a long period, prices are likely in for a downward The KESWICK market is currently in the
correction. Buyer's Market zone (below 30), though
not strongly so. The 90-day Market
Action Index stands this week at 23 so
buyers should expect find reasonable
levels of selection.
The quartiles can help you answer the question, "How hot is the market for homes in my price
range?"
KESWICK
Neighborhood Detail 22947
PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before we
see prices significantly move from these
levels.
1 $ 2,147,500 6,518 2.5 - 5.0 acres 5.0 6.0 8 24 1 0 225 Most expensive 25% of homes
2 $ 973,500 4,658 0.50 - 1.0 acre 4.0 4.5 10 24 10 0 126 Upper-middle 25% of homes
3 $ 619,000 3,654 0.50 - 1.0 acre 4.0 4.0 13 25 22 0 143 Lower-middle 25% of homes
4 $ 399,900 2,224 2.5 - 5.0 acres 3.0 2.0 14 25 23 0 172 Least expensive 25% of homes
PRICE AND VALUE
The market plateau is seen across the
price and value. The price per square
foot and median list price have both
been reasonably stagnant. Watch the
Market Action Index for persistent
changes as a leading indicator before
the market moves from these levels.
INVENTORY
Inventory has been climbing lately with
98 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.
DAYS ON MARKET
The properties have been on the market
for an average of 166 days. Half of the
listings have come newly on the market
in the past 143 or so days. Watch the 90-
day DOM trend for signals of a changing
market.
DAYS ON MARKET