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Rancho Santa Margarita Condo & Single Family Weekly Update
Rancho Santa Margarita Condo & Single Family Weekly Update
Rancho Santa Margarita Condo & Single Family Weekly Update
This Week
Real-Time Market Profile Trend
Median List Price $ 490,950 +
Asking Price Per Square Foot $ 379 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 16 +
is $490,950.
Percent of Properties with Price Decrease 5%
Percent Relisted (reset DOM) 22 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 8%
Median House Size (sq ft) 1312
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5
Market Action Index Strong Seller's 82.1 ==
Price
Market Action Index The market appears to be hovering around this plateau. Look for
a persistent change in the Market Action Index before we see
prices deviate significantly from here.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Condos & Townhomes in
.
RANCHO SANTA
MARGARITA, CA
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Median Price
Despite this week's down tic, price trends have generally been moving up lately.
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.
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 Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 16 days. Half of the listings have come newly on the market in the
past 7 or so days.
This Week
Real-Time Market Profile Trend
Median List Price $ 739,900 +
Asking Price Per Square Foot $ 358 =
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 34 +
is $739,900.
Percent of Properties with Price Decrease 21 %
Percent Relisted (reset DOM) 23 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 6%
Median House Size (sq ft) 2045
Median Lot Size Less than 4,500
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
The market has started cooling and prices have been flat for several + No change == Strong upward trend Strong downward trend
weeks. Since we're in the Seller's zone, watch for changes in MAI. If
the MAI resumes its climb, prices will likely follow suit. If the MAI = Slight upward trend Slight downward trend
drops consistently or falls into the Buyer's zone, watch for downward
pressure on prices.
Price
Market Action Index The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
4,501 -
Upper/Second $ 799,900 2400 6,500 sqft 4.0 3.0 24 13 0 0 43 Upper-middle 25% of properties
Less than
Lower/Third $ 699,900 1800 4,500 sqft 3.0 2.5 23 13 4 4 13 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 625,000 1689 4,500 sqft 3.0 2.5 20 14 2 4 16 Least expensive 25% of properties
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in
.
RANCHO SANTA
MARGARITA, CA
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,075,000 3312 8,000 sqft 4.0 3.0 20 13 1 0 65 Most expensive 25% of properties
4,501 -
Upper/Second $ 799,900 2400 6,500 sqft 4.0 3.0 24 13 0 0 43 Upper-middle 25% of properties
Less than
Lower/Third $ 699,900 1800 4,500 sqft 3.0 2.5 23 13 4 4 13 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 625,000 1689 4,500 sqft 3.0 2.5 20 14 2 4 16 Least expensive 25% of properties
Median Price
This week prices bumped up a bit but the trend of the last few weeks is generally downward. The Market Action Index is a good
leading indicator for the durability of this shift.
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.
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 Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the
past 21 or so days.