Monday July 31, 2017

Your Local Market's LAKE FOREST, CA

Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 399,000 +
Asking Price Per Square Foot $ 364
The median list price in LAKE FOREST, CA this week is $399,000. Average Days on Market (DOM) 36
Percent of Properties with Price Decrease 29 %
Percent Relisted (reset DOM) 2%
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 2%
conditions are weakening a bit. Median House Size (sq ft) 1162
Median Number of Bedrooms 2.0
Median Number of Bathrooms 1.5
Market Action Index Strong Seller's 60.8

Supply and Demand

The market has been cooling over time and prices plateaued for a + No change == Strong upward trend Strong downward trend
while. Despite the consistent decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If the MAI resumes it's climb, prices = Slight upward trend Slight downward trend
will likely follow suit. If the MAI 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

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 $ 548,500 1583 3.0 2.5 30 12 2 0 50 Most expensive 25% of properties

Upper/Second $ 430,450 1190 2.0 1.8 38 12 4 2 15 Upper-middle 25% of properties

Lower/Third $ 352,000 957 2.0 1.0 35 12 3 2 48 Lower-middle 25% of properties

Bottom/Fourth $ 295,000 700 1.0 1.0 37 13 4 1 30 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
LAKE FOREST, 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

July 31, 2017

Presented by Your Local Market Reports

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 City Overview Condos & Townhomes in

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LAKE FOREST, CA

This Week Real-Time Market Profile Trend

The median list price in LAKE FOREST, Median List Price $ 399,000 +
CA this week is $399,000. The 49 Average List Price $ 407,225
properties have been on the market Asking Price Per Square Foot $ 364

for an average of 36 days. Average Days on Market (DoM) 36

Inventory of Properties Listed 49 ==

Most Expensive Listing $ 720,000

Inventory is up and Market Action is Least Expensive Listing $ 180,000

trending down recently. While days- Average Age of Listing 33

on-market appears to be trending Percent of Properties with Price Decrease 29 %
lower, the overall conditions are Percent Relisted (reset DOM) 2%
weakening a bit. Percent Flip (price increased) 2%
Median House Size (sq ft) 1162
Median Number of Bedrooms 2.0
Median Number of Bathrooms 1.5

Supply and Demand Altos Research Value Statistics

The market has been cooling off a Market Action Index Strong Seller's 60.8

bit in recent weeks, as more homes 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
are available and demand is less. implies a seller's advantage. Below 30, conditions give the advantage to the
However, the market is still notably buyer.
in the Seller's zone so we haven't yet
seen prices move lower as a result. Trend Key: == Strong upward trend Strong downward trend
It may take a few more weeks of + No change = Slight upward trend Slight downward trend
slack demand for prices to reflect
and begin to fall. Expect this
condition if the index falls to the
Buyer's zone.

Characteristics per Quartile

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

Top/First $ 548,500 1583 3.0 2.5 30 12 2 0 50 Most expensive 25% of properties

Upper/Second $ 430,450 1190 2.0 1.8 38 12 4 2 15 Upper-middle 25% of properties

Lower/Third $ 352,000 957 2.0 1.0 35 12 3 2 48 Lower-middle 25% of properties

Bottom/Fourth $ 295,000 700 1.0 1.0 37 13 4 1 30 Least expensive 25% of properties

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 Condos & Townhomes in
City Overview
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LAKE FOREST, CA

Median Price
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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

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 Condos & Townhomes in
City Overview
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LAKE FOREST, CA

Price per Square Foot

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first
glance. We can see that home prices are rising somewhat, the price per square foot of homes listed has been declining. Often
this can be attributed to new and remodeled homes on the market. Prices in the area are trending higher but buyers are getting
more for their money.

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

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 Condos & Townhomes in
City Overview
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LAKE FOREST, CA

Market Action Index

The LAKE FOREST market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action
Index stands at 60.80; 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.

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 Condos & Townhomes in
City Overview
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LAKE FOREST, CA

Days on Market
The properties have been on the market for an average of 36 days. Half of the listings have come newly on the market in the
past 14 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

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