Monday January 31, 2011

Your Local Executive DEL MAR, CA 92014

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,790,000 ±+
Asking Price Per Square Foot $ 653 ±+
The median list price in DEL MAR, CA 92014 this week is Average Days on Market (DOM) 206 ≠≠
$1,790,000.
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 13 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 3%
signs for prices. Median House Size (sq ft) 2796
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 13.6 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demand = Slight upward trend ≠ Slight downward trend
trends continue, the market moves into the Seller's zone, and we are
likely to see upward pressure on pricing.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

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 $ 4,195,000 3293 acre 4.0 5.0 21 33 3 1 266 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 2,295,000 2800 acre 4.0 4.0 25 33 1 1 197 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 1,595,000 3022 acre 4.0 3.0 30 33 0 1 182 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 1,125,000 2496 10,000 sqft 3.0 3.0 34 33 2 4 181 Least expensive 25% of properties

Pickford Escrow and The Escrow Firm

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