fallbrook market update

MARKET UPDATESolutions Real Estate

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofMarch 26, 2012

· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]

FALLBROOK, CA

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC

Presented by Crystal Jordan Solutions Real Estate www.CrystalClearSolutionsRE.com ~ [email protected] (760) 586 8552

Median List Price

Median Lot Size

19.7

Percent Relisted (reset DOM)

2626

3.0

5 %

Median Number of Bathrooms

153

Inventory of Properties Listed

$ 180

Percent Flip (price increased)

1.0 - 2.5 acres

Median House Size (sq ft)

$ 435,448

43 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

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==

±+

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

10 54105

2352.5 28

3.0

2

104

3.0 56

108

11

3

2.5 - 5.0acres

34

$ 373,450

7

5

56

4.0

1.0 - 2.5acres

73.0

1441 0.50 - 1.0acre

55

$ 212,950

3.0

165

1.0 - 2.5acres$ 549,000

4.0$ 898,000

16

3

2937

Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.

Monday March 26, 2012

David Dion | Solutions Real Estate | 480-332-5942 | www.

55

2282

2.0

The median list price in FALLBROOK,CA this week is $435,448. The 222properties have been on the marketfor an average of 153 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

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

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

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FALLBROOK, CACity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

222

$ 5,500,000

$ 25,000

$ 573,404

24

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Homes in

CRYSTAL JORDAN / SOLUTIONS REAL ESTATE / 760 586 8552


City OverviewFALLBROOK, CA


Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.

90-day Average7-day Average

Quartile PricesPrices 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

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Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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


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Market Action IndexThe FALLBROOK market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 19.71. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole groupchanges.


Buyers/Sellers Cutoff

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

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Days on MarketThe properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in thepast 94 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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