Monday September 16, 2013
Kurt Wannebo's
Executive Summary
SAN DIEGO, CA 92130
Single Family Homes
This Week
The median list price in SAN DIEGO, CA 92130 this week is
$1,296,750.
The Market Action index has been trending down lately, while
days-on-market is climbing, providing mostly bearish signs for the
market.
Real-Time Market Profile
Trend
Median List Price
$ 1,296,750
Asking Price Per Square Foot
$ 384
Average Days on Market (DOM)
79
Percent of Properties with Price Decrease
42 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
11 %
Median House Size (sq ft)
3452
Median Lot Size
6,501 - 8,000 sqft
Median Number of Bedrooms
5.0
±+
≠≠
==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has been cooling over time and prices have recently
flattened. Despite the consistent decrease in Market Action Index
(MAI), we're in a Seller's Market (where significant demand leaves
little inventory available). If the MAI begins to 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
4.0
Seller's Advantage
35.4
≠≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
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
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 2,787,500
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
6190
0.25 - 0.50
acre
5.0
5.5
9
32
3
1
127
$ 1,450,000
3745
8,001 10,000 sqft
5.0
4.2
14
32
1
5
71
Upper-middle 25% of properties
Lower/Third
$ 1,099,500
2902
6,501 8,000 sqft
4.0
3.5
12
32
0
3
79
Lower-middle 25% of properties
Bottom/Fourth
$ 859,000
2347
4,501 6,500 sqft
4.0
2.5
14
32
5
4
39
Least expensive 25% of properties
Most expensive 25% of properties
Kurt Wannebo | San Diego Real Estate & Investments | 1.888.473.7324
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