Monday February 2, 2015
Nate Minkel's Executive
Summary
PORT HUENEME, CA
Single Family Homes
This Week
The median list price in PORT HUENEME, CA 93041 this week is
$394,450.
Demand measured by the Market Action Index is increasing and
days-on-market is holding steady. With more properties coming
available, conditions are mildly positive.
Real-Time Market Profile
Trend
Median List Price
$ 394,450
Asking Price Per Square Foot
$ 260
Average Days on Market (DOM)
28
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
7%
Percent Flip (price increased)
0%
Median House Size (sq ft)
1491
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
±+
±+
±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has started cooling and prices have been flat for several
weeks. Since we're in the Seller's zone, watch for changes in MAI. If
the MAI resumes it's climb, prices will likely follow suit. If the MAI
drops consistently or falls into the Buyer's zone, watch for downward
pressure on prices.
±+
No change
2.0
Strong Seller's
66.3
≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Again this week we see prices in this zip code remain roughly at
the level they've been for several weeks. Since we're
significantly below the top of the market, 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
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 559,900
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
1772
4,501 6,500 sqft
3.0
2.5
44
3
1
1
5
$ 479,500
1647
4,501 6,500 sqft
3.0
2.0
37
3
0
0
54
Upper-middle 25% of properties
Lower/Third
$ 374,450
1314
4,501 6,500 sqft
3.0
2.0
58
4
0
0
26
Lower-middle 25% of properties
Bottom/Fourth
$ 284,500
1353
4,501 6,500 sqft
3.0
1.8
54
4
2
1
28
Least expensive 25% of properties
Most expensive 25% of properties
Nate Minkel | Troop Real Estate, Inc. | (805) 794-9588
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