Monday January 4, 2010

Your Local Executive VALLEY CENTER, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 510,000 ≠≠
Asking Price Per Square Foot $ 184 ±+
The median list price in VALLEY CENTER, CA this week is $510,000. Average Days on Market (DOM) 201 ±+
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 9%
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 7%
market. Median House Size (sq ft) 2963
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 16.0 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index This week prices bumped up a bit but the trend of recent weeks
is generally downward. A pickup in demand will be reflected in
the Market Action Index, so watch that chart to try to identify a
change in the market.

Price Trends

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

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 Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
5.0 - 10
Top/First $ 1,062,500 3238 acres 4.0 3.0 12 30 0 0 271 Most expensive 25% of properties

2.5 - 5.0
Upper/Second $ 625,000 3389 acres 5.0 3.5 11 31 0 0 226 Upper-middle 25% of properties

1.0 - 2.5
Lower/Third $ 459,000 3040 acres 4.0 3.5 7 31 1 1 148 Lower-middle 25% of properties

2.5 - 5.0
Bottom/Fourth $ 339,000 1922 acres 3.0 2.0 23 31 1 4 160 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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