8/14/2019 Ken Dixon Account's Market Update
1/26
MARKET UPDATEKen Dixon Account's
Current Real Estate Market Conditions for Single Family Homes
Trends in Pricing Current Levels of Supply and Demand
Value Metrics
Report for the week ofFebruary 15, 2010
Presented by Ken Dixon AccountDixon Team [email protected]
HUNTINGTON BEAC
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8/14/2019 Ken Dixon Account's Market Update
2/26
Median List Price
Median Lot Size
19.2
Percent Relisted (reset DOM)
2100
2.0
6 %
Median Number of Bathrooms
174
Inventory of Properties Listed
$ 381
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 725,000
32 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
7 %
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
14 33300
1632.0 44
3.0
12
160
3.0 115
136
17
8
4,501 -6,500 sqft
47
$ 643,900
14
16
116
3.5
4,501 -6,500 sqft
72.5
13584,501 -
6,500 sqft
115
$ 519,000
3.0
238
4,501 -6,500 sqft$ 839,000
4.0$ 1,599,000
34
11
2404
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday February 15, 2010
Ken Dixon Account | Dixon Team OC | 949-295-5628
115
1792
1.0
The median list price in HUNTINGTONBEACH, CA this week is $725,000. The
461 properties have been on themarket for an average of 174 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+
==
=
HUNTINGTOBEACH, C
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
461
$ 5,950,000
$ 198,000
$ 953,347
34
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 26
Single Family Home
8/14/2019 Ken Dixon Account's Market Update
3/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
City OverviewHUNTINGTO
BEACH, C
Monday February 15, 2010
Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.
90-day Average7-day Average
Quartile PricesPrice weakness is evident almost across the board. Quartiles 2, 3, and 4 have been in price decline in recent weeks, withQuartile 1 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
4/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
City OverviewHUNTINGTO
BEACH, C
Monday February 15, 2010
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
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 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
5/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
City OverviewHUNTINGTO
BEACH, C
Monday February 15, 2010
Market Action IndexThe HUNTINGTON BEACH market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.21. 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
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 characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
Page 5 of 26
Single Family Hom
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6/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
City OverviewHUNTINGTO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 174 days. Half of the listings have come newly on the market in thepast 105 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 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
7/26
Median List Price
Median Lot Size
17.4
Percent Relisted (reset DOM)
2369
2.0
3 %
Median Number of Bathrooms
185
Inventory of Properties Listed
$ 435
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 978,000
30 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
2 %
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
32 03766
1462.0 38
3.0
1
214
4.0 23
108
1
4
4,501 -6,500 sqft
47
$ 800,000
1
2
24
3.5
4,501 -6,500 sqft
12.5
14024,501 -
6,500 sqft
23
$ 549,500
4.0
275
4,501 -6,500 sqft$ 1,285,000
4.0$ 2,495,000
34
3
2784
With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.
Monday February 15, 2010
Ken Dixon Account | Dixon Team OC | 949-295-5628
23
2110
1.5
The median list price in HUNTINGTONBEACH, CA 92649 this week is
$978,000. The 93 properties havebeen on the market for an average of185 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+
==
=
HUNTINGTOBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
93
$ 5,950,000
$ 475,000
$ 1,424,008
35
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 26
Single Family Home
8/14/2019 Ken Dixon Account's Market Update
8/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
9/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
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 9 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
10/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Market Action IndexThe HUNTINGTON BEACH, 92649 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.37. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 10 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
11/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 185 days. Half of the listings have come newly on the market in thepast 112 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 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
12/26
Median List Price
Median Lot Size
21.0
Percent Relisted (reset DOM)
2374
2.0
6 %
Median Number of Bathrooms
202
Inventory of Properties Listed
$ 308
Percent Flip (price increased)
0.25 - 0.50 acre
Median House Size (sq ft)
$ 724,000
38 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
11 %
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
36 34043
1702.0 47
3.0
1
252
4.0 16
123
4
1
0.50 - 1.0acre
36
$ 670,000
2
2
16
3.5
0.25 - 0.50acre
32.2
18304,501 -
6,500 sqft
16
$ 492,000
4.0
264
0.25 - 0.50acre$ 839,500
4.0$ 1,324,500
48
2
2825
Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.
Monday February 15, 2010
Ken Dixon Account | Dixon Team OC | 949-295-5628
16
2082
2.0
The median list price in HUNTINGTONBEACH, CA 92648 this week is
$724,000. The 64 properties havebeen on the market for an average of202 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+
==
=
HUNTINGTOBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
64
$ 2,998,880
$ 319,900
$ 884,924
39
Trend Key:
Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.
age 12 of 26
Single Family Home
8/14/2019 Ken Dixon Account's Market Update
13/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 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 prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 13 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
14/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
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
age 14 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
15/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Market Action IndexThe HUNTINGTON BEACH, 92648 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 21.00. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 15 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
16/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 202 days. Half of the listings have come newly on the market in thepast 126 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
age 16 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
17/26
Median List Price
Median Lot Size
22.0
Percent Relisted (reset DOM)
1592
1.0
12 %
Median Number of Bathrooms
135
Inventory of Properties Listed
$ 368
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 555,900
31 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
9 %
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
42 22327
1531.0 48
3.0
4
152
3.0 21
114
2
2
4,501 -6,500 sqft
48
$ 538,999
2
2
22
2.0
4,501 -6,500 sqft
11.0
12904,501 -
6,500 sqft
21
$ 489,500
4.0
123
4,501 -6,500 sqft$ 590,000
4.0$ 769,000
45
3
1741
Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.
Monday February 15, 2010
Ken Dixon Account | Dixon Team OC | 949-295-5628
21
1398
1.0
The median list price in HUNTINGTONBEACH, CA 92647 this week is
$555,900. The 85 properties havebeen on the market for an average of135 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+
==
=
HUNTINGTOBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
85
$ 1,175,000
$ 399,900
$ 601,115
44
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
age 17 of 26
Single Family Home
8/14/2019 Ken Dixon Account's Market Update
18/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 18 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
19/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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
age 19 of 26
Single Family Hom
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20/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Market Action IndexThe HUNTINGTON BEACH, 92647 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 21.98. With several months of inventory available at the current sales rate, buyers should find amplechoice.
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 characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
age 20 of 26
Single Family Hom
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21/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 135 days. Half of the listings have come newly on the market in thepast 84 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
age 21 of 26
Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
22/26
Median List Price
Median Lot Size
25.8
Percent Relisted (reset DOM)
1906
2.0
8 %
Median Number of Bathrooms
186
Inventory of Properties Listed
$ 273
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 559,500
26 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
14 %
Percent of Properties with Price Decrease
Buyer's Advantage
==
+
==
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
8 12930
1312.0 54
3.0
5
201
3.0 40
216
1
3
6,501 -8,000 sqft
56
$ 399,000
5
4
40
2.5
6,501 -8,000 sqft
42.5
12626,501 -
8,000 sqft
40
$ 299,850
4.0
197
6,501 -8,000 sqft$ 639,000
4.0$ 854,000
30
2
2200
The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.
Monday February 15, 2010
Ken Dixon Account | Dixon Team OC | 949-295-5628
40
1518
1.0
The median list price in HUNTINGTONBEACH, CA 92646 this week is
$559,500. The 160 properties havebeen on the market for an average of186 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+
==
=
HUNTINGTOBEACH, C
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
160
$ 1,500,000
$ 190,000
$ 567,574
39
Trend Key:
Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.
age 22 of 26
Single Family Home
8/14/2019 Ken Dixon Account's Market Update
23/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
age 23 of 26
Single Family Hom
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24/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 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
age 24 of 26
Single Family Hom
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25/26
Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH, C
Monday February 15, 2010
Market Action IndexThe HUNTINGTON BEACH, 92646 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.79 so buyers should expect find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).
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 characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of thecurrent rate of sale versus current inventory.
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Single Family Hom
8/14/2019 Ken Dixon Account's Market Update
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Ken Dixon Account | Dixon Team OC | 949-295-5628
Neighborhood DetailHUNTINGTO
BEACH,
Days on MarketThe properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in thepast 112 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
Single Family Hom