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Monday February 1, 2010

Your Local Executive SAN DIEGO, CA 92131

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 280,000 ==
Asking Price Per Square Foot $ 242 ±+
The median list price in SAN DIEGO, CA 92131 this week is Average Days on Market (DOM) 103 ≠≠
Percent of Properties with Price Decrease 19 %
Percent Relisted (reset DOM) 2%
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 11 %
conditions are weakening a bit. Median House Size (sq ft) 1132
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Buyer's Advantage 24.1 ≠≠

Supply and Demand

In terms of supply and demand, the market is getting cooler - more ±+ No change == Strong upward trend ≠≠ Strong downward trend
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is = Slight upward trend ≠ Slight downward trend
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past. Price
Market Action Index Despite this week's down tic, price trends in this zip code have
generally been moving up lately. We are below the market's high
point, and we'll investigate the Market Action Index later on to
see if we expect this week's blip to become a downward trend.

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.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 422,000 1437 3.0 2.5 11 16 3 1 62 Most expensive 25% of properties

Upper/Second $ 349,950 1276 3.0 2.5 19 16 4 3 100 Upper-middle 25% of properties

Lower/Third $ 259,450 1101 2.0 2.0 18 16 3 1 118 Lower-middle 25% of properties

Bottom/Fourth $ 177,450 911 2.0 2.0 26 16 1 0 132 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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