market action report- april 2011- 92067
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Market Action Report- April 92067TRANSCRIPT
MARKET ACTION REPORT
April 2011
Zip Code: 92067 Coldwell Banker, Rancho Santa Fe
Price Range: ALL | Properties: Single Family Home, Townhome, Condo
Based on information from SANDICOR, Inc. for the period 5/1/2008 through 4/30/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $2,995,000 4% � 2% � � � �Average List Price of all Current Listings $3,907,699 3% � 1% � � � �April Median Sales Price $2,003,000 -10% -1% 10% 3% $2,012,500 -10% 3%April Average Sales Price $2,304,850 -10% -8% 0% -6% $2,494,092 -10% 2%Total Properties Currently for Sale (Inventory) 227 0% � -14% � � � �April Number of Properties Sold 10 -60% � -44% � 60 15% �April Average Days on Market (Solds) 243 47% 41% 87% 61% 173 -9% 15%Asking Price per Square Foot (based on New Listings) $680 29% 17% 27% 17% $580 6% 0%April Sold Price per Square Foot $439 3% 0% 3% 1% $439 -1% 1%April Month's Supply of Inventory 22.7 150% 44% 54% 16% 17.0 -17% -13%April Sale Price vs List Price Ratio 85.4% -6.1% -4% -5% -3.4% 88.5% 0.8% 0.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales April Property sales were 10, down -44.4% from 18 in April of 2010 and -60.0% lower than the 25 sales last month. April 2011 sales were attheir lowest level compared to April of 2010 and 2009. April YTD sales of 60 are running 15.4% ahead of last year's year-to-date sales of 52.
Prices The Median Sales Price in April was $2,003,000, up 9.8% from $1,825,000 in April of 2010 and down -9.6% from $2,215,000 last month. TheAverage Sales Price in April was $2,304,850, down 0.0% from $2,305,778 in April of 2010 and down -10.1% from $2,564,220 last month. April 2011 ASP was at the lowest level compared to April of 2010 and 2009.
MARKET ACTION REPORT
April 2011
Zip Code: 92067 Coldwell Banker, Rancho Santa Fe
Price Range: ALL | Properties: Single Family Home, Townhome, Condo
Based on information from SANDICOR, Inc. for the period 5/1/2008 through 4/30/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Inventory & MSI The Total Inventory of Properties available for sale as of April was 227, equal to 227 last month and down -14.3% from 265 in April of lastyear. April 2011 Inventory was at the lowest level compared to April of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2011 MSI of 22.7 months was atits highest level compared with April of 2010 and 2009.
Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Aprilwas 243, up 47.3% from 165 days last month and up 86.9% from 130 days in April of last year. The April 2011 DOM was at its highest levelcompared with April of 2010 and 2009.
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The April 2011 Selling Price per Square Foot of $439 was up 2.6% from $428 last month and up 2.8% from $427in April of last year.
MARKET ACTION REPORT
April 2011
Zip Code: 92067 Coldwell Banker, Rancho Santa Fe
Price Range: ALL | Properties: Single Family Home, Townhome, Condo
Based on information from SANDICOR, Inc. for the period 5/1/2008 through 4/30/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.
Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April2011 Selling Price vs Original List Price of 85.4% was down from 90.9% last month and down from 89.6% in April of last year.
Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2011 was 50, up 11.1%from 45 last month and up 4.2% from 48 in April of last year.
MARKET ACTION REPORT
April 2011
Zip Code: 92067 Coldwell Banker, Rancho Santa Fe
Price Range: ALL | Properties: Single Family Home, Townhome, Condo
Based on information from SANDICOR, Inc. for the period 5/1/2008 through 4/30/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A
Homes Sold 15 12 12 8 11 11 4 9 4 3 10 15 10 5 10 10 10 11 10 11 11 14 9 18 16 23 23 10 13 11 10 18 11 14 25 103 Mo. Roll Avg 13 11 10 10 9 8 6 5 6 9 12 10 8 8 10 10 10 11 11 12 11 14 14 19 21 19 15 11 11 13 13 14 17 16
(000's) M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M AMedianSalePrice 2,500 2,885 3,258 2,750 2,350 3,100 2,140 3,000 3,488 2,700 3,013 2,175 2,638 1,875 2,325 2,363 2,230 2,000 1,968 2,250 2,975 1,975 2,700 1,825 1,563 1,675 1,900 1,830 2,415 2,500 2,108 1,835 1,539 2,160 2,215 2,003
3 Mo. Roll Avg 2,881 2,964 2,786 2,733 2,530 2,747 2,876 3,063 3,067 2,629 2,608 2,229 2,279 2,188 2,306 2,197 2,066 2,073 2,398 2,400 2,550 2,167 2,029 1,688 1,713 1,802 2,048 2,248 2,341 2,148 1,827 1,845 1,971 2,126
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A
Inventory 268 274 288 283 281 266 273 248 266 299 305 325 328 334 339 342 306 301 277 245 238 241 255 265 276 279 289 299 281 269 235 207 229 217 227 227MSI 18 23 24 35 26 24 68 28 67 100 31 22 33 67 34 34 31 27 28 22 22 17 28 15 17 12 13 30 22 24 24 12 21 16 9 23
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M ADays On Market 80 89 125 130 108 108 187 129 184 116 119 134 137 114 112 162 133 192 156 184 252 212 193 130 66 116 179 125 158 174 172 109 149 159 165 2433 Mo. Roll Avg 98 115 121 115 134 141 167 143 140 123 130 128 121 129 136 162 160 177 197 216 219 178 130 104 120 140 154 152 168 152 143 139 158 189
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M APrice per Sq Ft 562 566 515 574 576 489 589 578 521 517 499 460 452 472 465 504 475 402 459 357 471 409 491 427 393 431 404 401 413 459 489 428 486 420 428 4393 Mo. Roll Avg 548 552 555 546 551 552 563 539 512 492 470 461 463 480 481 460 445 406 429 412 457 442 437 417 409 412 406 424 454 459 468 445 445 429
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M ASale to List Price 0.925 0.901 0.895 0.904 0.943 0.882 0.938 0.883 0.865 0.955 0.910 0.919 0.901 0.885 0.910 0.960 0.928 0.888 0.886 0.904 0.880 0.910 0.864 0.896 0.936 0.926 0.896 0.923 0.897 0.858 0.908 0.899 0.915 0.915 0.909 0.854
3 Mo. Roll Avg 0.907 0.900 0.914 0.910 0.921 0.901 0.895 0.901 0.910 0.928 0.910 0.902 0.899 0.918 0.933 0.925 0.901 0.893 0.890 0.898 0.885 0.890 0.899 0.919 0.919 0.915 0.905 0.893 0.888 0.888 0.907 0.910 0.913 0.893
M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A
New Listings 60 41 46 38 46 58 45 24 48 68 50 59 37 43 43 46 30 44 25 16 35 49 57 48 54 51 47 58 34 29 20 17 59 30 45 50Inventory 268 274 288 283 281 266 273 248 266 299 305 325 328 334 339 342 306 301 277 245 238 241 255 265 276 279 289 299 281 269 235 207 229 217 227 227Sales 15 12 12 8 11 11 4 9 4 3 10 15 10 5 10 10 10 11 10 11 11 14 9 18 16 23 23 10 13 11 10 18 11 14 25 10
(000's) M 08 J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M AAvg Sale Price 3,381 2,954 3,902 3,083 3,216 4,104 2,351 3,691 3,975 2,767 3,809 3,039 2,776 1,910 2,256 2,773 2,802 2,788 2,419 2,350 3,477 2,473 3,227 2,306 1,936 1,996 2,017 2,017 2,789 3,468 2,583 2,602 2,225 2,715 2,564 2,305
3 Mo. Roll Avg 3,412 3,313 3,400 3,467 3,224 3,382 3,339 3,478 3,517 3,205 3,208 2,575 2,314 2,313 2,610 2,788 2,670 2,519 2,749 2,766 3,059 2,668 2,490 2,079 1,983 2,010 2,274 2,758 2,947 2,884 2,470 2,514 2,502 2,528