William Lim's

MARKET UPDATE
RANCHO
CUCAMONGA, CA 91737

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

May 16, 2011

· Presented by William Lim

Prudential California Realty
www.WilliamLim.com - Pruwill@gmail.com
909-239-2006

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 City Overview Single Family Homes in

William Lim | Prudential California Realty | 909-239-2006

RANCHO
CUCAMONGA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 345,000 ±+
CUCAMONGA, CA this week is Average List Price $ 412,314
$345,000. The 579 properties have Asking Price Per Square Foot $ 172 ≠≠
been on the market for an average of Average Days on Market (DoM) 117 ±+
117 days. Inventory of Properties Listed 579 ==

Most Expensive Listing $ 2,800,000

The Market Action Index has been Least Expensive Listing $ 134,900

trending down lately, while inventory Average Age of Listing 24

is climbing. These trends imply a Percent of Properties with Price Decrease 38 %
weakening market. Percent Relisted (reset DOM) 10 %
Percent Flip (price increased) 9%
Median House Size (sq ft) 1994
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.0

Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 19.5 ≠≠
evidence of slowing recently. Both 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
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 579,475 3490 acre 5.0 4.0 10 144 12 7 129 Most expensive 25% of properties

6,501 -
Upper/Second $ 399,900 2452 8,000 sqft 4.0 3.0 13 145 10 11 106 Upper-middle 25% of properties

6,501 -
Lower/Third $ 299,000 1681 8,000 sqft 4.0 2.5 25 145 16 9 113 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 230,000 1280 8,000 sqft 3.0 2.0 34 145 16 15 122 Least expensive 25% of properties

Page 2 of 11 Monday May 16, 2011

 Single Family Homes in
City Overview
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.

7-day Average 90-day Average

Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 11 Monday May 16, 2011

 Single Family Homes in
City Overview
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength
in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 11 Monday May 16, 2011

 Single Family Homes in
City Overview
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Market Action Index

The RANCHO CUCAMONGA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action
Index stands at 19.49. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 5 of 11 Monday May 16, 2011

 Single Family Homes in
City Overview
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Days on Market
The properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in the
past 70 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 11 Monday May 16, 2011

 Neighborhood Detail Single Family Homes in

William Lim | Prudential California Realty | 909-239-2006

RANCHO
CUCAMONGA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 447,000 ±+
CUCAMONGA, CA 91737 this week is Average List Price $ 609,057
$447,000. The 90 properties have Asking Price Per Square Foot $ 187 ≠≠
been on the market for an average of Average Days on Market (DoM) 131 ≠≠
131 days. Inventory of Properties Listed 90 ≠≠

Most Expensive Listing $ 2,750,000

Inventory is tightening and days-on- Least Expensive Listing $ 239,900

market is falling. The Market Action Average Age of Listing 22

Index shows demand heating up. Percent of Properties with Price Decrease 40 %
These are relatively bullish signs for Percent Relisted (reset DOM) 10 %
prices. Percent Flip (price increased) 4%
Median House Size (sq ft) 2569
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.5

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 19.8 ==
new inventory for several weeks. 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
While still a Buyer's market, prices implies a seller's advantage. Below 30, conditions give the advantage to the
seem to have responded by moving buyer.
upward. If the demand trends
continue, expect prices to keep Trend Key: == Strong upward trend ≠≠ Strong downward trend
marching upward, especially once ±+ No change = Slight upward trend ≠ Slight downward trend
we see a Seller's Market.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 999,944 5281 acre 5.0 6.0 8 22 2 1 154 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 585,000 2928 acre 4.0 3.5 27 22 0 3 121 Upper-middle 25% of properties

6,501 -
Lower/Third $ 385,000 2203 8,000 sqft 4.0 3.0 22 23 1 1 101 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 278,000 1556 6,500 sqft 4.0 2.0 25 23 2 5 150 Least expensive 25% of properties

Page 7 of 11 Monday May 16, 2011

 Single Family Homes in
Neighborhood Detail
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Median Price
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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the middle of the market in this zip code staying on an up trend lately, while Quartiles
1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward price
trend or whether we're at the beginning of a decline.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 8 of 11 Monday May 16, 2011

 Single Family Homes in
Neighborhood Detail
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength
in a market, larger homes are coming more available and buyers are tending to get more home for their money.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 9 of 11 Monday May 16, 2011

 Single Family Homes in
Neighborhood Detail
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Market Action Index

The RANCHO CUCAMONGA, 91737 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day
Market Action Index stands at 19.82. With several months of inventory available at the current sales rate, buyers should find
ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 10 of 11 Monday May 16, 2011

 Single Family Homes in
Neighborhood Detail
William Lim | Prudential California Realty | 909-239-2006
RANCHO
CUCAMONGA, CA

Days on Market
The properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in the
past 77 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 11 of 11 Monday May 16, 2011