laguna woods
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MARKET UPDATEJennifer Pritchett
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 Your Orange County Real Estate ConnectionColdwell Banker Residential [email protected]
LAGUNA WOODS,
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC
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Median List Price
Median Lot Size
9.0
Percent Relisted (reset DOM)
1312
2.0
0 %
Median Number of Bathrooms
86
Inventory of Properties Listed
$ 156
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 224,900
33 %
2.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
0 %
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 01324
1222.5 40
1.5
0
98
2.5 2
63
0
1
not available
44
$ 224,900
0
0
2
2.0
not available
02.0
1065 not available
1
$ 134,950
2.0
49
not available$ 259,000
2.0$ 349,900
45
0
1300
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
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
1
1431
2.0
The median list price in LAGUNAWOODS, CA this week is $224,900.
The 6 properties have been on themarket for an average of 86 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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LAGUNWOODS, C
City Overview
Least Expensive Listing
Average List Price
Average Age of Listing
6
$ 349,900
$ 114,900
$ 221,433
42
Trend Key:
Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.
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Single Family Home
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Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewLAGU
WOODS, C
Monday February 15, 2010
Median PriceThis week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected inthe Market Action Index, so watch that chart to try to identify a change in the market.
90-day Average7-day Average
Quartile PricesPricing across most of the market has been relatively strong recently. While Quartile 3 is basically flat, all other segments are inan up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 3 will assume a similartrend with the other groups.
First/Top Second/Upper Third/Lower Fourth/Bottom
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Single Family Hom
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Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewLAGU
WOODS, C
Monday February 15, 2010
Price per Square FootThe market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflection points for good investment opportunities.
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
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Single Family Hom
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Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewLAGU
WOODS, C
Monday February 15, 2010
Market Action IndexThe LAGUNA WOODS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 8.98. 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.
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Single Family Hom
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Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
City OverviewLAGU
WOODS,
Monday February 15, 2010
Days on MarketThe properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in thepast 74 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
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Single Family Hom