oceanside market update - week of march 19
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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 19, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
OCEANSIDE, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC
Presented to you by: Crystal Jordan Solutions Real Estate www.CrystalClearSolutionsRE.com ~ [email protected] 586 8552
Median List Price
Median Lot Size
20.8
Percent Relisted (reset DOM)
1656
2.0
6 %
Median Number of Bathrooms
141
Inventory of Properties Listed
$ 176
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 326,500
30 %
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
±+
±+
±+
≠≠
==
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
14 102688
1332.0 26
2.0
8
138
3.0 108
122
10
14
0.25 - 0.50acre
32
$ 285,000
3
7
108
3.0
4,501 -6,500 sqft
103.0
1239 6,501 -8,000 sqft
108
$ 149,000
4.0
171
6,501 -8,000 sqft$ 365,000
4.0$ 520,000
20
5
2046
The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.
Monday March 19, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
108
1450
2.0
The median list price in OCEANSIDE,CA this week is $326,500. The 432properties have been on the marketfor an average of 141 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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≠=
OCEANSIDE, CACity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
432
$ 4,995,000
$ 29,900
$ 401,811
26
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.
Page 2 of 6
Single Family Homes in
Crystal Jordan - Solutions Real Estate - 760 586 8552 CRYSTAL JORDAN - SOLUTIONS REAL ESTATE - 760 586 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 19, 2012
Median PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability ofthis trend.
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
Page 3 of 6
Single Family Homes in
Crystal Jordan - Solutions Real Estate - 760 586 8552CRYSTAL JORDAN - SOLUTIONS REAL ESTATE - 760 586 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 19, 2012
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Crystal Jordan - Solutions Real Estate - 760 586 8552CRYSTAL JORDAN - SOLUTIONS REAL ESTATE - 760 586 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 19, 2012
Market Action IndexThe OCEANSIDE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 20.78. 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.
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 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.
Page 5 of 6
Single Family Homes in
CRYSTAL JORDAN - SOLUTIONS REAL ESTATE - 760 586 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 19, 2012
Days on MarketThe properties have been on the market for an average of 141 days. Half of the listings have come newly on the market in thepast 105 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6
Single Family Homes in
CRYSTAL JORDAN - SOLUTIONS REAL ESTATE - 760 586 8552