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8/9/2019 Carmel Valley Market Report
1/11
MARKET UPDATE
Your Local
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofAugust 23, 2010
Presented by Pickford Escrow - San DiegoPickford Escrow and The Escrow [email protected](858) 525-5478
SAN DIEGO, CA 921
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC
8/9/2019 Carmel Valley Market Report
2/11
Median List Price
Median Lot Size
17.6
Percent Relisted (reset DOM)
1776
2.5
6 %
Median Number of Bathrooms
102
Inventory of Properties Listed
$ 285
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 519,000
41 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
10 %
Percent of Properties with Price Decrease
Strong Buyer's
==
+
==
+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
10 503200
912.0 45
3.0
65
87
3.0 768
104
65
83
8,001 -10,000 sqft
50
$ 419,000
62
41
768
3.5
4,501 -6,500 sqft
542.5
12364,501 -
6,500 sqft
767
$ 240,000
4.0
125
4,501 -6,500 sqft$ 629,000
4.0$ 1,149,995
32
62
1996
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday August 23, 2010
Pickford Escrow and The Escrow Firm
767
1530
2.0
The median list price in SAN DIEGO,CA this week is $519,000. The 3070
properties have been on the marketfor an average of 102 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAN DIEGO,
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
3070
$ 13,478,000
$ 70,000
$ 698,058
39
Trend Key:
The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.
Page 2 of 11
Single Family Home
8/9/2019 Carmel Valley Market Report
3/11
Pickford Escrow and The Escrow Firm
City OverviewSAN DIEGO,
Monday August 23, 2010
Median PriceThe market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
90-day Average7-day Average
Quartile PricesPricing trends have been lacking strong directional indication lately. Only Quartile 2 is trending higher while Quartiles 3 and 1are flat. Look to the Market Action Index for persistent changes (up or down) as a leading indicator for the significant pricechanges.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
4/11
Pickford Escrow and The Escrow Firm
City OverviewSAN DIEGO,
Monday August 23, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 4 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
5/11
Pickford Escrow and The Escrow Firm
City OverviewSAN DIEGO,
Monday August 23, 2010
Market Action IndexThe SAN DIEGO market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 17.61. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
6/11
Pickford Escrow and The Escrow Firm
City OverviewSAN DIEGO,
Monday August 23, 2010
Days on MarketThe properties have been on the market for an average of 102 days. Half of the listings have come newly on the market in thepast 70 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
7/11
Median List Price
Median Lot Size
17.7
Percent Relisted (reset DOM)
3275
3.5
4 %
Median Number of Bathrooms
103
Inventory of Properties Listed
$ 359
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 1,150,000
41 %
5.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
15 %
Percent of Properties with Price Decrease
Strong Buyer's
+
+
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
ottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
6 45744
843.0 10
4.0
5
111
5.0 52
53
0
9
0.50 - 1.0acre
12
$ 925,000
6
2
53
5.5
4,501 -6,500 sqft
34.5
20084,501 -
6,500 sqft
52
$ 739,000
5.0
165
6,501 -8,000 sqft$ 1,299,000
5.0$ 2,637,500
9
6
3666
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday August 23, 2010
Pickford Escrow and The Escrow Firm
52
2841
2.5
The median list price in SAN DIEGO,CA 92130 this week is $1,150,000. The
209 properties have been on themarket for an average of 103 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend+
==
=
SAN DIEGO,
92
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
209
$ 7,695,000
$ 569,900
$ 1,473,637
11
Trend Key:
The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.
Page 7 of 11
Single Family Home
8/9/2019 Carmel Valley Market Report
8/11
Pickford Escrow and The Escrow Firm
Neighborhood DetailSAN DIEGO,
92
Monday August 23, 2010
Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. Quartiles 2, 3, and 4 have beenin price decline in recent weeks, with Quartile 1 remaining basically flat. Look to the Market Action Index as a leading indicatorof the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
9/11
Pickford Escrow and The Escrow Firm
Neighborhood DetailSAN DIEGO,
92
Monday August 23, 2010
Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 9 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
10/11
Pickford Escrow and The Escrow Firm
Neighborhood DetailSAN DIEGO,
92
Monday August 23, 2010
Market Action IndexThe SAN DIEGO, 92130 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 17.70. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
age 10 of 11
Single Family Hom
8/9/2019 Carmel Valley Market Report
11/11
Pickford Escrow and The Escrow Firm
Neighborhood DetailSAN DIEGO,
92
Monday August 23 2010
Days on MarketThe properties have been on the market for an average of 103 days. Half of the listings have come newly on the market in thepast 56 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 11
Single Family Hom