Monday February 22, 2010

Your Local Executive SAN MARCOS, CA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 425,000 ==
Asking Price Per Square Foot $ 194 ±+
The median list price in SAN MARCOS, CA this week is $425,000. Average Days on Market (DOM) 151 ==
Percent of Properties with Price Decrease 22 %
Percent Relisted (reset DOM) 5%
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 8%
increased demand will temper the negative trends. Median House Size (sq ft) 2059
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Buyer's Advantage 23.6 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index This week saw relatively little price change from last week.
However, prices continue demonstrate a nice up trend in general
over the last several weeks.

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
0.25 - 0.50
Top/First $ 625,000 3152 acre 4.0 3.5 7 59 4 6 206 Most expensive 25% of properties

6,501 -
Upper/Second $ 472,500 2481 8,000 sqft 4.0 2.5 9 60 6 3 130 Upper-middle 25% of properties

4,501 -
Lower/Third $ 372,000 1929 6,500 sqft 4.0 2.5 12 60 7 5 138 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 275,000 1336 8,000 sqft 3.0 2.0 35 60 6 3 132 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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