Thursday September 17, 2009
SANTA MARGARITA, CA
Keith Byrd Team's
Condos - Townhomes - TICs
EXECUTIVE SUMMARY
This Week
Real-Time Market Profile
Median List Price
Asking Price Per Square Foot
Average Days on Market (DOM)
Percent of Properties with Price Decrease
Percent Relisted (reset DOM)
Percent Flip (price increased)
Median House Size (sq ft)
Median Number of Bedrooms
Median Number of Bathrooms
The median list price in SANTA MARGARITA, CA this week is
$119,000.
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not
seem to have strong up or down pull.
Market Action
Supply and Demand
±+
The market has settled in at a relative stasis in inventory and
sales conditions. It's a Buyer's market that has seen prices trend
lower. Expect that consistent up trends in demand will be
required before price trends change significantly.
No change
Trend
$ 119,000
$ 74
162
27 %
0%
0%
1113
3.0
2.0
≠≠
±+
≠≠
8.4
±+
Strong Buyer's
== Strong upward
= Slight upward
≠≠ Strong downward
≠ Slight downward trend
Price
Market Action Index
Again this week in this zip code we see a downward notch for
prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a
persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.
Price Trends
7-Day Rolling Average
90-Day Rolling
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
Chacteristics per Quartile
Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 524,950
1620
3.0
2.0
22
2
0
0
116
Most expensive 25% of properties
Upper/Second
$ 219,000
1026
3.0
2.0
6
3
0
0
236
Upper-middle 25% of properties
Lower/Third
$ 100,000
1344
2.0
2.0
29
3
0
0
135
Lower-middle 25% of properties
Bottom/Fourt
$ 39,900
732
2.0
1.0
38
3
1
0
147
Least expensive 25% of properties
The Keith Byrd Team, 805-944-0711, www.SloCountyHomes.com
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