Monday May 1, 2017

Your Local Market's RANCHO SANTA MARGARITA, CA

Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 469,900 +
Asking Price Per Square Foot $ 393 =
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 18 +
is $469,900.
Percent of Properties with Price Decrease 0%
Percent Relisted (reset DOM) 26 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 5%
Median House Size (sq ft) 1250
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5
Market Action Index Strong Seller's 83.8 ==

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index + No change == Strong upward trend Strong downward trend
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend = Slight upward trend Slight downward trend
continues.

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

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

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 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 621,450 1842 3.0 2.5 20 10 3 3 18 Most expensive 25% of properties

Upper/Second $ 524,900 1306 2.0 2.5 24 11 3 5 19 Upper-middle 25% of properties

Lower/Third $ 412,000 1027 2.0 2.0 27 11 9 4 27 Lower-middle 25% of properties

Bottom/Fourth $ 325,000 800 1.0 1.0 28 11 5 5 8 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA

Current Real Estate Market Conditions for Condos & Townhomes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of

May 01, 2017

Presented by Your Local Market Reports

.
.
.

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
 City Overview Condos & Townhomes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 469,900 +
SANTA MARGARITA, CA this week is Average List Price $ 468,413
$469,900. The 43 properties have Asking Price Per Square Foot $ 393 =
been on the market for an average of Average Days on Market (DoM) 18 +
18 days. Inventory of Properties Listed 43 ==

Most Expensive Listing $ 729,900

The Market Action Index has been Least Expensive Listing $ 239,990

trending down lately, while inventory Average Age of Listing 23

is climbing. These trends imply a Percent of Properties with Price Decrease 0%
weakening market. Percent Relisted (reset DOM) 26 %
Percent Flip (price increased) 5%
Median House Size (sq ft) 1250
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.5

Supply and Demand Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Seller's 83.8 ==
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
However prices have not yet stopped implies a seller's advantage. Below 30, conditions give the advantage to the
falling. Since the market is already buyer.
in the Seller's zone, expect prices to
level off very soon. Should the sales Trend Key: == Strong upward trend Strong downward trend
trend continue expect that prices + No change = Slight upward trend Slight downward trend
could climb from there.

Characteristics per Quartile

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

Top/First $ 621,450 1842 3.0 2.5 20 10 3 3 18 Most expensive 25% of properties

Upper/Second $ 524,900 1306 2.0 2.5 24 11 3 5 19 Upper-middle 25% of properties

Lower/Third $ 412,000 1027 2.0 2.0 27 11 9 4 27 Lower-middle 25% of properties

Bottom/Fourth $ 325,000 800 1.0 1.0 28 11 5 5 8 Least expensive 25% of properties

Page 2 of 6 Monday May 1, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Median Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. 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 6 Monday May 1, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Price per Square Foot

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.

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 6 Monday May 1, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Market Action Index

The RANCHO SANTA MARGARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day
Market Action Index stands at 83.76; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the
whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a
slowdown for the whole group.

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 Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6 Monday May 1, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 18 days. Half of the listings have come newly on the market in the
past 7 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 6 Monday May 1, 2017

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