oceanside market update
DESCRIPTION
This is the Oceanside Market Update for the week of March 26, 2012TRANSCRIPT
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]
OCEANSIDE, 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] 586 8552
Median List Price
Median Lot Size
21.3
Percent Relisted (reset DOM)
1657
2.5
8 %
Median Number of Bathrooms
135
Inventory of Properties Listed
$ 175
Percent Flip (price increased)
6,501 - 8,000 sqft
Median House Size (sq ft)
$ 333,450
27 %
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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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
12 72674
1372.0 26
2.0
15
141
3.0 112
114
18
14
0.25 - 0.50acre
33
$ 290,500
16
13
112
3.0
6,501 -8,000 sqft
73.0
1242 6,501 -8,000 sqft
112
$ 151,500
4.0
148
8,001 -10,000 sqft$ 369,444
4.0$ 515,000
20
17
2086
The Market Action Index has beenclimbing lately while days-on-marketare trending down, these point to apositive near-term outlook for themarket.
Monday March 26, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
111
1503
2.0
The median list price in OCEANSIDE,CA this week is $333,450. The 447properties have been on the marketfor an average of 135 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
447
$ 4,995,000
$ 29,900
$ 401,343
25
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
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 26, 2012
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
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 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 26, 2012
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.
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 8552
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewOCEANSIDE, CA
Monday March 26, 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 21.33. 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 26, 2012
Days on MarketThe properties have been on the market for an average of 135 days. Half of the listings have come newly on the market in thepast 98 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