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Intero Real Estate Services MARKET UPDATE

FREMONT, 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 April 07, 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

FREMONT, CA

This Week
The median list price in FREMONT, CA this week is $820,000. The 111 properties have been on the market for an average of 32 days.
Median List Price Average List Price

Real-Time Market Profile


$ 820,000 $ 1,177,936 $ 470 32 111 $ 9,000,000 $ 110,000 41 7% 11 % 2% 1839 6,501 - 8,000 sqft 4.0 2.5

Trend
+ == ==

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

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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


While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We currently in a Seller's market so prices will likely resume their climb should this trend persist.

Median Number of Bathrooms

Altos Research Value Statistics


Market Action Index Strong Seller's 74.4 = 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

$ 1,978,888 $ 924,975 $ 734,500 $ 579,944

3774 2004 1763 1204

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

4.0 4.0 4.0 3.0

3.5 2.5 2.0 2.0

18 47 46 52

27 28 28 28

8 11 11 8

9 8 13 9

58 16 33 22

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 April 7, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Median Price
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.

7-day Average

90-day Average

Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday April 7, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Price per Square Foot


The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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 April 7, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Market Action Index


The FREMONT market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 74.38; 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 April 7, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

FREMONT, CA

Days on Market
The properties have been on the market for an average of 32 days. Half of the listings have come newly on the market in the past 7 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 April 7, 2014