Monday July 17, 2017

Your Local Market's LAKE FOREST, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 779,499 +
Asking Price Per Square Foot $ 381 +
The median list price in LAKE FOREST, CA this week is $779,499. Average Days on Market (DOM) 46
Percent of Properties with Price Decrease 34 %
Percent Relisted (reset DOM) 13 %
The Market Action Index has been trending down recently, but as
days-on-market decreases also, there are not strong signals for the Percent Flip (price increased) 6%
direction of the market. Median House Size (sq ft) 2302
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Seller's 48.4

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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 1,284,000 2970 6,500 sqft 5.0 4.5 1 21 3 0 47 Most expensive 25% of properties

4,501 -
Upper/Second $ 874,995 2444 6,500 sqft 4.0 3.0 40 21 5 3 38 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,900 2070 6,500 sqft 4.0 2.5 40 22 2 2 59 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 649,900 1497 6,500 sqft 3.0 2.2 43 22 5 6 41 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
LAKE FOREST, 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

July 17, 2017

Presented by Your Local Market Reports

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 City Overview Single Family Homes in

.
LAKE FOREST, CA

This Week Real-Time Market Profile Trend

The median list price in LAKE FOREST, Median List Price $ 779,499 +
CA this week is $779,499. The 86 Average List Price $ 884,729
properties have been on the market Asking Price Per Square Foot $ 381 +

for an average of 46 days. Average Days on Market (DoM) 46

Inventory of Properties Listed 86 +

Most Expensive Listing $ 2,488,000

The Market Action Index has been Least Expensive Listing $ 335,000

trending down recently, but as days- Average Age of Listing 33

on-market decreases also, there are Percent of Properties with Price Decrease 34 %
not strong signals for the direction of Percent Relisted (reset DOM) 13 %
the market. Percent Flip (price increased) 6%
Median House Size (sq ft) 2302
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 48.4

time and prices plateaued for a
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
will likely follow suit. If the MAI
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
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: == Strong upward trend Strong downward trend
+ No change = Slight upward trend Slight downward trend

Characteristics per Quartile

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

4,501 -
Top/First $ 1,284,000 2970 6,500 sqft 5.0 4.5 1 21 3 0 47 Most expensive 25% of properties

4,501 -
Upper/Second $ 874,995 2444 6,500 sqft 4.0 3.0 40 21 5 3 38 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,900 2070 6,500 sqft 4.0 2.5 40 22 2 2 59 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 649,900 1497 6,500 sqft 3.0 2.2 43 22 5 6 41 Least expensive 25% of properties

Page 2 of 6 Monday July 17, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Median Price
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see
prices deviate significantly from here.

7-day Average 90-day Average

Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a
persistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday July 17, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

7-day Average 90-day Average

Page 4 of 6 Monday July 17, 2017

 Single Family Homes 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 48.41; 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 July 17, 2017

 Single Family Homes in
City Overview
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LAKE FOREST, CA

Days on Market
The properties have been on the market for an average of 46 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 July 17, 2017