Monday April 23, 2012
Lucy Kelts Executive
Summary
RANCHO SANTA FE, CA
Single Family Homes
This Week
The median list price in RANCHO SANTA FE, CA 92091 this week is
$1,885,000.
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Real-Time Market Profile
Trend
Median List Price
$ 1,885,000
Asking Price Per Square Foot
$ 479
Average Days on Market (DOM)
263
Percent of Properties with Price Decrease
25 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
5%
Median House Size (sq ft)
3332
Median Lot Size
0.50 - 1.0 acre
Median Number of Bedrooms
4.0
≠≠
==
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks.
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.
±+
No change
4.5
Strong Buyer's
16.7
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ 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 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
$ 3,575,000
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
8198
0.50 - 1.0
acre
5.0
6.2
9
5
0
1
384
Most expensive 25% of properties
$ 2,750,000
3128
0.50 - 1.0
acre
5.0
5.0
8
5
0
0
166
Upper-middle 25% of properties
Lower/Third
$ 1,698,000
3224
8,001 10,000 sqft
4.0
4.0
10
5
1
0
325
Lower-middle 25% of properties
Bottom/Fourth
$ 1,097,000
2218
6,501 8,000 sqft
4.0
2.5
41
5
1
1
175
Least expensive 25% of properties
Lucy Kelts, Prudential California Realty | [email protected] | www.RanchoSantaFeNew Homes.com |
(858) 756-0593 |
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