san diego real estate market summary 92128 @ tri sean allen

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  • 8/14/2019 San Diego Real Estate Market Summary 92128 @ Tri Sean Allen

    1/1

    26 03263

    1172.0 24

    3.0

    2

    134

    3.0 32

    164

    4

    1

    0.25 - 0.50acre

    40

    $ 525,000

    0

    2

    32

    3.0

    8,001 -10,000 sqft

    32.5

    1515 6,501 -8,000 sqft

    31

    $ 377,000

    4.0

    1486,501 -

    8,000 sqft$ 635,000

    5.0$ 899,999

    21

    1

    2196

    In the last few weeks we've seen prices in this zip code bouncingaround this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from theselevels.

    Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market prices are not yet moving higher as

    excess inventory is consumed. However, the as supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.

    Inventory has been lightening lately and the Market Action Indexhas been trending up. Though days-on-market is increasing, theseare mildly positive indications for the market.

    SAN DIEGO, CA 92128Your Local ExecutiveSummary

    31

    1762

    2.0

    Monday December 14, 2009

    The median list price in SAN DIEGO, CA 92128 this week is$562,500.

    Investigate the market in quartiles where each quartile is 25% of homordered by price.

    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.

    Pickford Escrow and The Escrow Firm

    No change Strong upward trend Strong downward trend

    Slight upward trend Slight downward trend

    + ==

    =

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2009 Altos Research LLC

    Single Family Homes

    Median Lot Size

    19.9

    Percent Relisted (reset DOM)

    1892

    2.5

    4 %

    Median Number of Bathrooms

    141

    Median List Price

    Average Days on Market (DOM)$ 290

    Percent Flip (price increased)

    8,001 - 10,000 sqftMedian House Size (sq ft)

    $ 562,500

    37 %

    3.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    12 %Percent of Properties with Price Decrease

    Strong Buyer's

    +

    +

    ==

    ==

    ttom/Fourth

    Lower/Third

    pper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Trend

    Price

    Price Tr

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" By measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

    7-Day Rolling Average 90-Day Rolling Average