Monday May 24, 2010

Joseph R. Marciano's CARLSBAD, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 793,500 ==
Asking Price Per Square Foot $ 295 ±+
The median list price in CARLSBAD, CA this week is $793,500. Average Days on Market (DOM) 89 ≠≠
Percent of Properties with Price Decrease 35 %
Percent Relisted (reset DOM) 14 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 7%
seem to have strong up or down pull. Median House Size (sq ft) 2848
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 20.4 ±+

Inventory levels have been relatively consistent relative to sales. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Despite the fact that there is a relatively high amount of available
inventory, this Buyer's market is still seeing prices move higher. = Slight upward trend ≠ Slight downward trend
Given inventory levels, these price conditions are relatively fragile.
If the market cools off further, the price trend is likely to reverse.

Price
Market Action Index This week saw relatively little price change from last week.
However, prices continue demonstrate a nice up trend in general
over the last several weeks.

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 $ 1,385,750 4086 acre 4.5 4.5 7 112 5 7 119 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 875,000 3200 acre 4.0 3.5 8 112 8 6 85 Upper-middle 25% of properties

8,001 -
Lower/Third $ 709,500 2482 10,000 sqft 4.0 3.0 12 112 12 9 66 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 547,948 1870 8,000 sqft 3.0 2.5 24 112 16 12 88 Least expensive 25% of properties

Joseph R. Marciano | Prudential California Realty | 951.553.5109

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