Monday August 21, 2017

Your Local Market's RANCHO SANTA MARGARITA, CA

Executive Summary Condos - Townhomes

This Week
Real-Time Market Profile Trend
Median List Price $ 454,950 +
Asking Price Per Square Foot $ 391 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 36
is $454,950.
Percent of Properties with Price Decrease 37 %
Percent Relisted (reset DOM) 8%
Inventory is tightening and days-on-market is falling. But demand
as measured by the Market Action Index is also trending down. The Percent Flip (price increased) 0%
market is not giving strong up or down signals from these data. Median House Size (sq ft) 1132
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 61.1

Supply and Demand

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 619,900 1650 3.0 2.5 21 13 2 1 45 Most expensive 25% of properties

Upper/Second $ 499,900 1276 2.0 2.5 22 13 1 3 34 Upper-middle 25% of properties

Lower/Third $ 399,900 1010 2.0 2.0 25 13 3 3 35 Lower-middle 25% of properties

Bottom/Fourth $ 299,000 668 2.0 1.0 30 13 2 4 29 Least expensive 25% of properties

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Your Local Market's
MARKET UPDATE
RANCHO SANTA
MARGARITA, CA

Current Real Estate Market Conditions for Condos & Townhomes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of

August 21, 2017

Presented by Your Local Market Reports

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 City Overview Condos & Townhomes in

.
RANCHO SANTA
MARGARITA, CA

This Week Real-Time Market Profile Trend

The median list price in RANCHO Median List Price $ 454,950 +
SANTA MARGARITA, CA this week is Average List Price $ 460,130
$454,950. The 52 properties have Asking Price Per Square Foot $ 391 +

been on the market for an average of Average Days on Market (DoM) 36

36 days. Inventory of Properties Listed 52

Most Expensive Listing $ 759,900

Inventory is tightening and days-on- Least Expensive Listing $ 264,900

market is falling. But demand as Average Age of Listing 24

measured by the Market Action Index Percent of Properties with Price Decrease 37 %
is also trending down. The market is Percent Relisted (reset DOM) 8%
not giving strong up or down signals Percent Flip (price increased) 0%
from these data. Median House Size (sq ft) 1132
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0

Supply and Demand Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 61.1

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. Beds Baths Age Inventory New Absorbed DOM

Top/First $ 619,900 1650 3.0 2.5 21 13 2 1 45 Most expensive 25% of properties

Upper/Second $ 499,900 1276 2.0 2.5 22 13 1 3 34 Upper-middle 25% of properties

Lower/Third $ 399,900 1010 2.0 2.0 25 13 3 3 35 Lower-middle 25% of properties

Bottom/Fourth $ 299,000 668 2.0 1.0 30 13 2 4 29 Least expensive 25% of properties

Page 2 of 6 Monday August 21, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, 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 settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.

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

Page 3 of 6 Monday August 21, 2017

 Condos & Townhomes in
City Overview
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RANCHO SANTA
MARGARITA, 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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 4 of 6 Monday August 21, 2017

 Condos & Townhomes 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 61.05; 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 August 21, 2017

 Condos & Townhomes in
City Overview
.
RANCHO SANTA
MARGARITA, CA

Days on Market
The properties have been on the market for an average of 36 days. Half of the listings have come newly on the market in the
past 14 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 August 21, 2017