Intero Real Estate Services MARKET UPDATE

SAN RAMON, CA

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 January 27, 2014

Presented by Intero Real Estate Services Intero Real Estate Services www.Facebook.com/InteroEastBay 510.651.6500

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

City Overview
Intero Real Estate Services | EastBay

Single Family Homes in

SAN RAMON, CA

This Week
The median list price in SAN RAMON, CA this week is $974,894. The 16 properties have been on the market for an average of 36 days.
Median List Price Average List Price

Real-Time Market Profile

$ 974,894 $ 1,036,030 $ 360 36 16 $ 1,599,000 $ 640,000 14 31 % 6% 0% 2706 4,501 - 6,500 sqft 4.0 3.0

Trend
== + + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Seller's 68.6 The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 1,357,450 $ 999,950 $ 926,000 $ 867,000

3873 3074 2612 2054

0.25 - 0.50 acre 6,501 8,000 sqft Less than 4,500 sqft Less than 4,500 sqft

5.0 4.0 4.0 3.0

3.8 3.0 3.0 2.5

8 21 8 11

4 4 4 4

1 0 3 0

1 0 3 0

47 37 14 47

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 2 of 6

Monday January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

SAN RAMON, CA

Median Price
The market seems to have paused around its high point. Though this week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

7-day Average

90-day Average

Quartile Prices
Prices in the upper-half of the market (Quartiles 1 and 2) have been declining recently while prices in the lower-half have remained strong. These convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown to see which group will change direction.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

SAN RAMON, CA

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average

90-day Average

Page 4 of 6

Monday January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

SAN RAMON, CA

Market Action Index

The SAN RAMON market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 68.65; indicating very little supply relative to the demand.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for 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 by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6

Monday January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

SAN RAMON, CA

Days on Market
The properties have been on the market for an average of 36 days. Half of the listings have come newly on the market in the past 28 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It 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 6

Monday January 27, 2014