Intero Real Estate Services Executive Summary Intero

FREMONT, CA
Single Family Homes

Real Estate ServicesFremont's Executive Summary

FREMONT, CA
Single Family Homes

Monday October 28, 2013

This Week
The median list price in FREMONT, CA this week is $686,900. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) 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 Median Number of Bathrooms Market Action Index Strong Seller's $ 686,900 $ 432 51 31 % 10 % 2%

Trend ==

1710 4,501 - 6,500 sqft 4.0 2.0 61.5 ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

+ No change

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

Price
The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Market Action Index

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
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
0.25 - 0.50 acre 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

7-Day Rolling Average

90-Day Rolling Average

Beds

Baths

Age Inventory New Absorbed DOM

Characteristics per Quartile Investigate the market in quartiles where each quartile is 25% of homes ordered by price. 31 31 31 31 8 8 5 11 6 11 8 15 80 42 50 30
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

$ 1,599,000 $ 749,000 $ 650,000 $ 549,950

3245 1856 1523 1198

5.0 4.0 3.0 3.0

3.0 2.5 2.0 2.0

24 35 51 54

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Harry Khara
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