Jennifer Pritchett

MARKET UPDATE
RANCHO SANTA
MARGARITA, 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

February 15, 2010

· Presented by Your Orange County Real Estate Connection

Coldwell Banker Residential Brokerage
jpritchett@coldwellbanke.com
949-212-5279

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 City Overview Single Family Homes in

Jennifer Pritchett Account | Coldwell Banker | 949-212-5279

RANCHO
SANTA
This Week Real-Time Market Profile Trend
The median list price in RANCHO Median List Price $ 500,000 ≠≠
SANTA MARGARITA, CA this week is Average List Price $ 562,776
$500,000. The 130 properties have Asking Price Per Square Foot $ 268 ±+
been on the market for an average of Average Days on Market (DoM) 158 ≠≠
158 days. Inventory of Properties Listed 130 ==

Most Expensive Listing $ 3,695,000

With inventory trending up but days- Least Expensive Listing $ 324,900

on-market trending down and the Average Age of Listing 16

Market Action Index essentially flat Percent of Properties with Price Decrease 28 %
recently, conditions do not seem to Percent Relisted (reset DOM) 5%
have strong up or down pull. Percent Flip (price increased) 5%
Median House Size (sq ft) 1900
Median Lot Size Less than 4,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 19.9 ±+
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

4,501 -
Top/First $ 699,450 2900 6,500 sqft 4.0 3.0 13 32 1 2 219 Most expensive 25% of properties

4,501 -
Upper/Second $ 549,450 2031 6,500 sqft 4.0 2.5 13 32 3 2 118 Upper-middle 25% of properties

Less than
Lower/Third $ 495,000 1749 4,500 sqft 3.0 2.5 16 33 1 0 152 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 425,000 1488 4,500 sqft 3.0 2.5 20 33 4 2 143 Least expensive 25% of properties

Page 2 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
RANCHO
SANTA

Median Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high
levels. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average 90-day Average

Quartile Prices
Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.
Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.

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

Page 3 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
RANCHO
SANTA

Price per Square Foot

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.

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 February 15, 2010

 Single Family Homes in
City Overview
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
RANCHO
SANTA

Market Action Index

The RANCHO SANTA MARGARITA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 19.92. With several months of inventory available at the current sales rate, buyers should find ample
choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. 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 by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (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 the
current rate of sale versus current inventory.

Page 5 of 6 Monday February 15, 2010

 Single Family Homes in
City Overview
Jennifer Pritchett Account | Coldwell Banker | 949-212-5279
RANCHO
SANTA

Days on Market
The properties have been on the market for an average of 158 days. Half of the listings have come newly on the market in the
past 88 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 February 15, 2010