Intero Real Estate ServicesMARKET UPDATE

UNION CITY, CA

Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics

Report for the week of September 23, 2013

Presented by Intero Real Estate Services-Fremont Intero Real Estate Services www.InteroFremont.com 510.651.6500

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2013 Altos Research LLC

City Overview
Intero Real Estate Services | 510.651.6500 | www.InteroFremont.com

Single Family Homes in

UNION CITY, CA

This Week
The median list price in UNION CITY, CA this week is $550,000. The 117 properties have been on the market for an average of 28 days.
Median List Price Average List Price

Real-Time Market Profile

$ 550,000 $ 559,948 $ 318 28 117 $ 999,900 $ 149,900 36 12 % n/a 3% 1684 4,501 - 6,500 sqft 4.0 2.0

Trend
== ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Seller's 61.3 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 729,000 $ 589,900 $ 500,000 $ 399,250

2420 1877 1492 1449

4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

4.0 4.0 4.0 3.0

3.0 2.0 2.0 2.0

15 39 42 44

29 29 29 30

18 15 15 20

0 0 0 0

39 31 23 18

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 2 of 6

Monday September 23, 2013

City Overview

Single Family Homes in

Intero Real Estate Services | 510.651.6500 | www.InteroFremont.com

UNION CITY, CA

Median Price
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices
Price weakness is evident across the board. Quartiles 1, 2, and 4 have been in price decline in recent weeks, with Quartile 3 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday September 23, 2013

City Overview

Single Family Homes in

Intero Real Estate Services | 510.651.6500 | www.InteroFremont.com

UNION CITY, CA

Price per Square Foot

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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 September 23, 2013

City Overview

Single Family Homes in

Intero Real Estate Services | 510.651.6500 | www.InteroFremont.com

UNION CITY, CA

Market Action Index

The UNION CITY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 61.32; 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 September 23, 2013

City Overview

Single Family Homes in

Intero Real Estate Services | 510.651.6500 | www.InteroFremont.com

UNION CITY, CA

Days on Market
The properties have been on the market for an average of 28 days. Half of the listings have come newly on the market in the past 21 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 September 23, 2013