Intero Real Estate Services MARKET UPDATE

PLEASANTON, 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 January 27, 2014

Presented by Intero Real Estate Services Intero Real Estate Services www.Facebook.com/InteroEastBay 510.651.6500

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

City Overview
Intero Real Estate Services | EastBay

Single Family Homes in

PLEASANTON, CA

This Week
The median list price in PLEASANTON, CA this week is $1,325,000. The 39 properties have been on the market for an average of 88 days.
Median List Price Average List Price

Real-Time Market Profile

$ 1,325,000 $ 1,744,364 $ 432 88 39 $ 6,900,000 $ 139,950 28 15 % 23 % 5% 3085 0.25 - 0.50 acre 4.0 3.0

Trend
== == ==

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

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Seller's 62.5 == 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

$ 2,999,000 $ 1,872,500 $ 870,000 $ 601,500

6800 3972 2056 1390

1.0 - 2.5 acres 0.25 - 0.50 acre 6,501 8,000 sqft 4,501 6,500 sqft

5.0 4.0 4.0 3.0

5.5 3.5 2.8 2.0

14 12 39 39

9 10 10 10

2 1 4 6

0 2 3 5

223 83 45 14

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 January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

PLEASANTON, CA

Median Price
Prices seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.

7-day Average

90-day Average

Quartile Prices
Prices at the high-end (Quartiles 1 and 2) of the market are showing some price strength in recent weeks, while Quartile 4 is down and Quartile 3 is at a bit of a plateau. Without strong directional indication in pricing, we look at the Market Action Index for a leading indicator of where prices in general are heading.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

PLEASANTON, 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 microlocation 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 January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

PLEASANTON, CA

Market Action Index

The PLEASANTON market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 62.54; 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 January 27, 2014

City Overview

Single Family Homes in

Intero Real Estate Services | EastBay

PLEASANTON, CA

Days on Market
The properties have been on the market for an average of 88 days. Half of the listings have come newly on the market in the past 28 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 January 27, 2014