Jim Duncan's Market Report market update

KESWICK 22947
Sunday April 11, 2010
Real-Time Market Profile Trend
Median List Price THIS WEEK
$ 722,450 The median single family home price
Asking Price per Square Foot $ 206 in KESWICK 22947 this week is
Average Days on Market 166 $722,450.
Percent of Properties with Price Decrease 27 %
Percent Relisted (reset DOM) 4%
Percent Flip (price increased) 2%
Median House Size (sq ft) 3,813
Median Lot Size 1.0 - 2.5 acres Inventory has been tightening and
Median Number of Bedrooms 4.0
days-on-market increasing recently.
The Market Action Index has been
Median Number of Bathrooms 4.2 basically flat, not providing strong
Market Action Index* Cool. Buyer's Market 23 indication for market conditions.
* see below for details on the Market Action Index

PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before we
see prices significantly move from these
levels.

The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND
current rate of sale versus the amount of the inventory.
Local conditions are currently in the
Buyer's Market zone (below 30), though
not strongly so. The 90-day Market
Action Index stands this week at 23 so
buyers should expect find reasonable
levels of selection.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.
QUARTILES
Characteristics per Quartile Investigate the market in
Med. Med. Ab- Avg.
quartiles—where each quartile is 25%
Quart Median Price Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM of the homes listed.

1 $ 2,147,500 6,518 2.5 - 5.0 acres 5.0 6.0 8 24 1 0 225 Most expensive 25% of homes

2 $ 973,500 4,658 0.50 - 1.0 acre 4.0 4.5 10 24 10 0 126 Upper-middle 25% of homes

3 $ 619,000 3,654 0.50 - 1.0 acre 4.0 4.0 13 25 22 0 143 Lower-middle 25% of homes

4 $ 399,900 2,224 2.5 - 5.0 acres 3.0 2.0 14 25 23 0 172 Least expensive 25% of homes

Jim Duncan | www.RealCentralVA.com | 434.242.7140

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