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MARKET UPDATEIntero Real Estate Services
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofMay 05, 2014
· Presented by Intero Real Estate ServicesIntero Real Estate Serviceswww.Facebook.com/InteroEastBay510.651.6500
UNION CITY, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
Median List Price
Median Lot Size
69.6
Percent Relisted (reset DOM)
1748
2.0
6 %
Median Number of Bathrooms
28
Inventory of Properties Listed
$ 347
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 599,950
10 %
3.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
13 %
Percent of Properties with Price Decrease
Strong Seller's
==
±+
≠≠
±+
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/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
14 12320
342.0 48
3.0
1
31
3.0 8
27
3
1
4,501 -6,500 sqft
70
$ 564,500
2
3
8
3.0
4,501 -6,500 sqft
12.8
1120 4,501 -6,500 sqft
8
$ 385,000
4.5
17
4,501 -6,500 sqft$ 674,000
4.0$ 815,000
42
2
1948
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday May 5, 2014
Intero Real Estate Services | EastBay
7
1557
2.0
The median list price in UNION CITY,CA this week is $599,950. The 31properties have been on the marketfor an average of 28 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±+
== ≠≠
≠=
UNION CITY, CACity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
31
$ 1,170,000
$ 179,000
$ 610,828
45
Trend Key:
The market remains in a relativestasis in terms of sales to inventory.Prices have not been moving higherfor several weeks. However,inventory is sufficiently low to keepus in the Seller's Market zone sowatch changes in the MAI. If themarket heats up persistently, pricesare likely to resume an upwardclimb.
Page 2 of 6
Single Family Homes in
Intero Real Estate Services | EastBay
City OverviewUNION CITY, CA
Monday May 5, 2014
Median PriceThe market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for thedurability of this trend.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Intero Real Estate Services | EastBay
City OverviewUNION CITY, CA
Monday May 5, 2014
Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.
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 6
Single Family Homes in
Intero Real Estate Services | EastBay
City OverviewUNION CITY, CA
Monday May 5, 2014
Market Action IndexThe UNION CITY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 69.65; indicating very little supply relative to the demand.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.
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 Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 6
Single Family Homes in
Intero Real Estate Services | EastBay
City OverviewUNION CITY, CA
Monday May 5, 2014
Days on MarketThe properties have been on the market for an average of 28 days. Half of the listings have come newly on the market in thepast 14 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 6
Single Family Homes in