Adam Brett - Eric Urban market update FULLERTON...
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FULLERTON Adam Brett - Eric Urban 92835 Sunday August 14, 2011 market update The median single family home price in FULLERTON 92835 this week is $630,000. THIS WEEK Median List Price Real-Time Market Profile Trend $ 630,000 132 Average Days on Market Asking Price per Square Foot $ 276 Percent of Properties with Price Decrease 50 % Percent Relisted (reset DOM) 10 % Percent Flip (price increased) 2 % Market Action Index* 14 Cold! Buyer's Market Median Number of Bedrooms Median Number of Bathrooms Median House Size (sq ft) Median Lot Size 2,230 4.0 3.0 8,001 - 10,000 Sq. Feet Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market. * see below for details on the Market Action Index PRICE Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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. SUPPLY AND DEMAND The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 14. With several months of inventory available at the current sales rate, buyers should find ample choice. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer. Bed Bath Med. Sqft Med. Age Inven. New Ab- sorbed Med. Lot Size Median Price Quart Investigate the market in quartiles— where each quartile is 25% of the homes listed. QUARTILES Characteristics per Quartile Avg. DoM 0.25 - 0.50 acre 3,400 4.0 4.0 46 33 0 0 $ 1,089,000 1 Most expensive 25% of homes 134 2,602 4.0 3.0 38 34 2 4 8,001 - 10,000 sq ft $ 737,000 2 Upper-middle 25% of homes 111 2,008 4.0 3.0 47 34 1 0 8,001 - 10,000 sq ft $ 549,250 3 Lower-middle 25% of homes 163 1,634 3.0 2.0 45 34 2 0 6,501 - 8,000 sq ft $ 422,500 4 Least expensive 25% of homes 120 Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
Transcript of Adam Brett - Eric Urban market update FULLERTON...
FULLERTONAdam Brett - Eric Urban
92835Sunday August 14, 2011
market update
The median single family home pricein FULLERTON 92835 this week is$630,000.
THIS WEEKMedian List PriceReal-Time Market Profile Trend
$ 630,000
132Average Days on MarketAsking Price per Square Foot $ 276
Percent of Properties with Price Decrease 50 %Percent Relisted (reset DOM) 10 %Percent Flip (price increased) 2 %
Market Action Index* 14Cold! Buyer's Market
Median Number of BedroomsMedian Number of Bathrooms
Median House Size (sq ft)Median Lot Size
2,230
4.03.0
8,001 - 10,000 Sq. Feet Inventory and days-on-market areclimbing, while the Market Action Indexhas been flat recently. The trends pointto a weakening market.
* see below for details on the Market Action Index
PRICEAgain this week in this zip code we see adownward notch for prices. Pricing hasbeen weak in recent weeks and versustheir absolute-high level. At this point,we will be looking for a persistentupward shift in the Market ActionIndex as a leading indicator for atrough in prices.
SUPPLY AND DEMANDThe Market Action Index answers the question "How's the Market?" by measuring thecurrent rate of sale versus the amount of the inventory.
Local conditions are currently quitestrongly in the Buyer's Market zone(below 30). The 90-day Market ActionIndex stands at 14. With several monthsof inventory available at the currentsales rate, buyers should find amplechoice.
Index above 30 implies Seller's Market conditions. Below 30, conditions favor thebuyer.
Bed BathMed.Sqft
Med.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Investigate the market in quartiles—where each quartile is 25% of thehomes listed.
QUARTILESCharacteristics per Quartile
Avg.DoM
0.25 - 0.50acre3,400 4.0 4.0 46 33 0 0$ 1,089,0001 Most expensive 25% of homes134
2,602 4.0 3.0 38 34 2 48,001 - 10,000
sq ft$ 737,0002 Upper-middle 25% of homes111
2,008 4.0 3.0 47 34 1 08,001 - 10,000
sq ft$ 549,2503 Lower-middle 25% of homes163
1,634 3.0 2.0 45 34 2 06,501 - 8,000
sq ft$ 422,5004 Least expensive 25% of homes120
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
Altos Research Corp. reports real-time analysis of the residential real estate market in local markets across the country. Allinformation contained herein is based on properties currently listed for sale and available publicly. When evaluating aparticular property, make sure you use comparable sales data in addition to the market trend information available in thisreport. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Usethis report as one input in the real estate decision making process, but do not rely on it for accuracy. Nothing in this reportor any other Altos Research publication is a recommendation to buy or to sell real estate. We recommend you work with alicensed real estate agent or broker.
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