Monday July 31, 2017

Your Local Market's RANCHO SANTA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 724,900 +
Asking Price Per Square Foot $ 354
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 44 ==
is $724,900.
Percent of Properties with Price Decrease 45 %
Percent Relisted (reset DOM) 10 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 4%
weakening market. Median House Size (sq ft) 2000
Median Lot Size Less than 4,500
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Seller's 57.8

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 $ 959,450 3110 6,500 sqft 4.0 3.0 20 12 2 0 62 Most expensive 25% of properties

4,501 -
Upper/Second $ 782,450 2330 6,500 sqft 4.0 2.5 22 12 1 3 38 Upper-middle 25% of properties

Less than
Lower/Third $ 699,450 1911 4,500 sqft 3.5 2.5 26 12 3 1 43 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 598,900 1357 4,500 sqft 3.0 2.5 28 13 4 2 32 Least expensive 25% of properties

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, 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 31, 2017

Presented by Your Local Market Reports

.
.
.

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
 City Overview Single Family Homes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 724,900 +
SANTA MARGARITA, CA this week is Average List Price $ 757,775
$724,900. The 49 properties have Asking Price Per Square Foot $ 354

been on the market for an average of Average Days on Market (DoM) 44 ==

44 days. Inventory of Properties Listed 49 ==

Most Expensive Listing $ 1,074,999

The Market Action Index has been Least Expensive Listing $ 549,000

trending down lately, while inventory Average Age of Listing 23

and days-on-market are climbing. The Percent of Properties with Price Decrease 45 %
trends imply a weakening market. Percent Relisted (reset DOM) 10 %
Percent Flip (price increased) 4%
Median House Size (sq ft) 2000
Median Lot Size Less than 4,500 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 57.8

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 $ 959,450 3110 6,500 sqft 4.0 3.0 20 12 2 0 62 Most expensive 25% of properties

4,501 -
Upper/Second $ 782,450 2330 6,500 sqft 4.0 2.5 22 12 1 3 38 Upper-middle 25% of properties

Less than
Lower/Third $ 699,450 1911 4,500 sqft 3.5 2.5 26 12 3 1 43 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 598,900 1357 4,500 sqft 3.0 2.5 28 13 4 2 32 Least expensive 25% of properties

Page 2 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Median Price
Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.

7-day Average 90-day Average

Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 has been trending a bit downward 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 31, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength
in a market, larger homes are coming more available and buyers can see more home 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

Page 4 of 6 Monday July 31, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Market Action Index

The RANCHO SANTA MARGARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day
Market Action Index stands at 57.85; 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 31, 2017

 Single Family Homes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 44 days. Half of the listings have come newly on the market in the
past 42 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 31, 2017