hayward full market report (week of october 28, 2013)

7/27/2019 Hayward Full Market Report (Week of October 28, 2013)

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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 of

October 28, 2013

· Presented by Intero Real Estate ServicesIntero Real Estate Services

www.Facebook.com/InteroEastBay510.651.6500

HAYWARD,

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC



Median List Price

Median Lot Size

62.1

Percent Relisted (reset DOM)

1628

2.0

3 %

Median Number of Bathrooms

49

Inventory of Properties Listed

$ 307

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 462,500

25 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

8 %

Percent of Properties with Price Decrease

Strong Seller's

±+

==

±+

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±+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This WeekReal-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

38 62687

492.0 58

3.0

7

54

3.0 27

37

7

8

0.25 - 0.50acre

62

$ 430,000

7

5

27

3.0

4,501 -6,500 sqft

52.5

10644,501 -

6,500 sqft

27

$ 349,999

4.0

57

4,501 -6,500 sqft$ 529,000

4.0$ 741,500

46

10

1814

The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.

Monday October 28, 2013

Intero Real Estate Services | EastBay

26

1277

1.0

The median list price in HAYWARD,CA this week is $462,500. The 107

properties have been on the marketfor an average of 49 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±+

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≠=

HAYWARD,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

107

$ 1,400,000

$ 150,000

$ 526,870

50

Trend Key:

The market has not shown strongdirectional trends in terms of supplyand demand. However, inventory issufficiently low to keep us in theSeller's Market zone and prices havebeen moving upward as evidence.

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Single Family Home




City OverviewHAYWARD,


Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.

90-day Average7-day Average

Quartile PricesPrices have generally settled at a plateau, although Quartile 2 is on a bit of an up trend in recent weeks. We'll need to see apersistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Single Family Hom






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.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Single Family Hom






Market Action IndexThe HAYWARD market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 62.06; 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.


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.

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Single Family Hom






Days on MarketThe properties have been on the market for an average of 49 days. Half of the listings have come newly on the market in thepast 28 or so days.


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.


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Single Family Hom

hayward full market report (week of october 28, 2013)

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