Sie sind auf Seite 1von 22

Adam Brett - Eric Urban

market update
FULLERTON

Current prices for homes on the market


Trends in pricing
Current levels of supply and demand
Value metrics

Report for the week of


Sunday November 21, 2010

Presented by Adam Brett - Eric Urban


714.496.8116 - 714.749.7427
RE/MAX
www.HomeSoldTeam.com

Powered by Altos Research LLC Copyright 2005-2010. All Rights Reserved


www.altosresearch.com
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

City Overview FULLERTON


Real-Time Market Profile Trend THIS WEEK
Median List Price $ 535,000 The median single family home price
Average List Price $ 563,280 in FULLERTON this week is $535,000.
Least Expensive Listing $ 119,900 The 461 homes have been on the
Most Expensive Listing $ 3,590,000 market for an average of 125 days.
Asking Price per Square Foot $ 277
Average Days on Market 125
Total Inventory 461
Absorbed This Week* 28
Percent of Properties with Price Decrease 43 %
Percent Relisted (reset DOM) 4%
Percent Flip (price increased) 5%
Median House Size (sq ft) 1,838 Inventory has been tightening but
Median Lot Size 4,501 - 6500 sq ft
days-on-market and the Market Action
Median Number of Bedrooms 4.0
Index have been basically unchanged,
Median Number of Bathrooms 2.0
Median Age not providing strong indication for
45
Altos Research Value Statistics market conditions.
Market Action Index Cold! Buyer's Market 16
Altos Research calculates the Market Action Index which measures available supply
relative to the current level of demand. Index value above 30 indicates conditions favor
the seller. See the section below for full details.

Trend Key QUARTILES


Last Month's Trend Last Quarter's Trend No Clear Monthly/Quarterly Trend To get a tightly targeted understanding
*Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons. of homes in the market, we break each
Since sales sometimes take months to close, it is impossible to discern in real-time exactly which properties
sold.
locale into quartiles. Each quartile is
25% of the homes listed.
Characteristics per Quartile
Med. Med. Ab- Avg.
Quart Median Price Sqft. Med. Lot Size Bed Bath Age Inven. New sorbed DoM
8,001 - 10,000
1 $ 820,000 2,888 sq ft 4.0 3.0 28 115 4 8 129 Most expensive 25% of homes
8,001 - 10,000
2 $ 609,000 2,212 sq ft 4.0 2.5 39 115 6 5 122 Upper-middle 25% of homes
6,501 - 8,000
3 $ 415,000 1,549 sq ft 3.0 2.0 54 115 5 9 124 Lower-middle 25% of homes
4,501 - 6500
4 $ 306,450 1,200 sq ft 3.0 1.0 56 116 11 6 125 Least expensive 25% of homes

We'll refer to the quartiles in the trend


graphs below.

Adam Brett - Eric Urban Market Update for FULLERTON 2


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE
The market seems to have paused
around this plateau. The Market Action
Index is a good leading indicator for the
durability of this trend.

QUARTILE PRICES
Often, we find insights by watching
pricing trends within the quartile
segments.
Pricing is on a slightly negative trend
lately. Prices in Quartile 4 and 1 have
been mixed recently, while the rest of
the market is trending downward. Look
to a strong, persistent up shift in the
Market Action Index as a leading
indicator of the trough in the market.

Adam Brett - Eric Urban Market Update for FULLERTON 3


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE AND VALUE


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.

INVENTORY
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.

Adam Brett - Eric Urban Market Update for FULLERTON 4


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

Residential house prices are a function of supply and demand, and market conditions can be MARKET ACTION INDEX
characterized by analyzing those factors. Watch this index for sustained changes: if the index
falls into the Buyer’s Market zone for a long period, prices are likely in for a downward The FULLERTON market is currently
correction. quite strongly in the Buyer's Market
zone (below 30). The 90-day Market
Action Index stands at 16. With several
months of inventory available at the
current sales rate, buyers should find
ample choice.

The market has shown some evidence of


slowing recently. Both prices and
inventory levels are relatively
The Market Action Index (MAI) illustrates the balance between supply and demand using a unchanged in recent weeks. Watch the
statistical function of the current rate of sale versus current inventory. Market Action Index for changes as it
can be a leading indicator for price
An MAI value greater than 30 typically indicates a “Seller's Market” (a.k.a. "Hot Market")
because demand is high enough to quickly gobble up available supply. A hot market will changes.
typically cause prices to rise. MAI values below 30 indicate a "Buyer's Market" (a.k.a. "Cold
Market") where the inventory of already-listed homes is sufficient to last several months at
the current rate of sales. A cold market will typically cause prices to fall.

MARKET ACTION QUARTILES


Not surprisingly given the overall
Market Action Index, all quartiles are in
the Buyer's Market zone with several
months of inventory given the current
rate of demand for homes in the
quartile. Watch the quartile for changes
before the overall market shifts. Often
one end of the market (e.g. the low end)
will improve and signal a strengthening
market before the whole group changes.

The quartiles can help you answer the question, "How hot is the market for homes in my price
range?"

Adam Brett - Eric Urban Market Update for FULLERTON 5


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

DAYS ON MARKET (DOM)


The properties have been on the
market for an average of 125 days. Half
of the listings have come newly on the
market in the past 91 or so days.

DOM 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.

Adam Brett - Eric Urban Market Update for FULLERTON 6


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

FULLERTON
Neighborhood Detail 92835

Real-Time Market Profile Trend


Median List Price $ 689,000 THIS WEEK
Average List Price $ 770,750 The median single family home price
Least Expensive Listing $ 249,900 in FULLERTON 92835 this week is
Most Expensive Listing $ 3,590,000 $689,000.
Asking Price per Square Foot $ 291
Average Days on Market 163
Total Inventory 105
Absorbed This Week 7
Median House Size (sq ft) 2,375 Inventory has been tightening and
Median Lot Size Less than 4,500 sq ft
days-on-market increasing recently.
Median Number of Bedrooms 4.0
The Market Action Index has been
Median Number of Bathrooms 2.1
Median Age basically flat, not providing strong
41
Altos Research Value Statistics indication for market conditions.
Market Action Index Cold! Buyer's Market 13

PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before we
see prices significantly move from these
levels.

Adam Brett - Eric Urban Market Update for FULLERTON 7


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE PER QUARTILE


In the quartile market segments, we see
prices in this zip code generally settled
at a plateau, although Quartile 3 has
been declining 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.

Characteristics per Quartile QUARTILES


Med. Ab- Avg.
Quart Median Price Med. Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM
0.25 - 0.50
1 $ 1,072,500 3,666 acre 4.5 4.5 15 26 0 2 158 Most expensive 25% of homes
0.25 - 0.50
2 $ 763,450 2,502 acre 4.0 3.0 46 26 1 3 129 Upper-middle 25% of homes
8,001 - 10,000
3 $ 625,000 2,057 sq ft 4.0 3.0 45 26 2 1 122 Lower-middle 25% of homes
6,501 - 8,000
4 $ 497,000 1,797 sq ft 4.0 2.0 44 27 1 1 242 Least expensive 25% of homes
PRICE AND VALUE
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 are tending to get more home
for their money.

Adam Brett - Eric Urban Market Update for FULLERTON 8


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

INVENTORY
Inventory has been falling in recent
weeks with 105 properties available this
week. Note that declining inventory
alone does not signal a strengthening
market. Look to the Market Action
Index to gauge whether buyer interest
is falling with the available supply.

MARKET ACTION INDEX


The FULLERTON 92835 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 13. With
several months of inventory available
at the current sales rate, buyers should
find ample choice.

MARKET ACTION QUARTILES


Not surprisingly, all quartiles are in the
Buyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.

Adam Brett - Eric Urban Market Update for FULLERTON 9


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

DAYS ON MARKET
The properties have been on the market
for an average of 163 days. Half of the
listings have come newly on the market
in the past 119 or so days. Watch the 90-
day DOM trend for signals of a changing
market.

DAYS ON MARKET

It is not uncommon for


the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.

Adam Brett - Eric Urban Market Update for FULLERTON 10


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

FULLERTON
Neighborhood Detail 92833

Real-Time Market Profile Trend


Median List Price $ 450,000 THIS WEEK
Average List Price $ 512,222 The median single family home price
Least Expensive Listing $ 119,900 in FULLERTON 92833 this week is
Most Expensive Listing $ 1,199,900 $450,000.
Asking Price per Square Foot $ 269
Average Days on Market 116
Total Inventory 207
Absorbed This Week 16
Median House Size (sq ft) 1,716 Inventory has been tightening but
Median Lot Size 4,501 - 6500 sq ft
days-on-market and the Market Action
Median Number of Bedrooms 3.6
Index have been basically unchanged,
Median Number of Bathrooms 2.0
Median Age not providing strong indication for
43
Altos Research Value Statistics market conditions.
Market Action Index Cold! Buyer's Market 17

PRICE
We continue to see prices in this zip
code hovering around these current
levels, even though they bumped up a
bit this week. Look for a persistent up-
shift in the Market Action Index before
we see prices move significantly from
here.

Adam Brett - Eric Urban Market Update for FULLERTON 11


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE PER QUARTILE


In the quartile market segments, we see
prices in this zip code 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.

Characteristics per Quartile QUARTILES


Med. Ab- Avg.
Quart Median Price Med. Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM
6,501 - 8,000
1 $ 759,000 2,867 sq ft null 2.8 8 51 2 3 127 Most expensive 25% of homes
6,501 - 8,000
2 $ 595,000 2,096 sq ft 5.0 2.0 34 52 3 3 97 Upper-middle 25% of homes
6,501 - 8,000
3 $ 367,000 1,482 sq ft null 1.0 55 52 2 6 122 Lower-middle 25% of homes
4,501 - 6500
4 $ 300,000 1,161 sq ft null 1.0 56 52 5 4 117 Least expensive 25% of homes
PRICE AND VALUE
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.

Adam Brett - Eric Urban Market Update for FULLERTON 12


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

INVENTORY
Inventory has been steady around these
levels in recent weeks with 207
properties currently available.

MARKET ACTION INDEX


The FULLERTON 92833 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 17. With
several months of inventory available
at the current sales rate, buyers should
find ample choice.

MARKET ACTION QUARTILES


Not surprisingly, all quartiles are in the
Buyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.

Adam Brett - Eric Urban Market Update for FULLERTON 13


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

DAYS ON MARKET
The properties have been on the market
for an average of 115 days. Half of the
listings have come newly on the market
in the past 77 or so days. Watch the 90-
day DOM trend for signals of a changing
market.

DAYS ON MARKET

It is not uncommon for


the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.

Adam Brett - Eric Urban Market Update for FULLERTON 14


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

FULLERTON
Neighborhood Detail 92832

Real-Time Market Profile Trend


Median List Price $ 349,500 THIS WEEK
Average List Price $ 400,290 The median single family home price
Least Expensive Listing $ 159,900 in FULLERTON 92832 this week is
Most Expensive Listing $ 875,000 $349,500.
Asking Price per Square Foot $ 267
Average Days on Market 91
Total Inventory 62
Absorbed This Week 3
Median House Size (sq ft) 1,361 Inventory has been tightening but
Median Lot Size 4,501 - 6500 sq ft
days-on-market and the Market Action
Median Number of Bedrooms 3.0
Index have been basically unchanged,
Median Number of Bathrooms 1.5
Median Age not providing strong indication for
53
Altos Research Value Statistics market conditions.
Market Action Index Cold! Buyer's Market 16

PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before we
see prices significantly move from these
levels.

Adam Brett - Eric Urban Market Update for FULLERTON 15


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE PER QUARTILE


In the quartile market segments, we see
prices in this zip code generally settled
at a plateau, although Quartile 2 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.

Characteristics per Quartile QUARTILES


Med. Ab- Avg.
Quart Median Price Med. Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM
6,501 - 8,000
1 $ 599,800 1,897 sq ft 3.0 2.0 85 15 1 1 86 Most expensive 25% of homes
6,501 - 8,000
2 $ 399,000 1,456 sq ft null 1.5 57 15 1 1 92 Upper-middle 25% of homes
6,501 - 8,000
3 $ 329,900 1,243 sq ft null 1.0 55 16 3 0 82 Lower-middle 25% of homes
4,501 - 6500
4 $ 275,000 1,218 sq ft 3.0 1.0 57 16 2 1 104 Least expensive 25% of homes
PRICE AND VALUE
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.

Adam Brett - Eric Urban Market Update for FULLERTON 16


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

INVENTORY
Inventory has been climbing lately with
62 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.

MARKET ACTION INDEX


The FULLERTON 92832 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 16. With
several months of inventory available
at the current sales rate, buyers should
find ample choice.

MARKET ACTION QUARTILES


Not surprisingly, all quartiles are in the
Buyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.

Adam Brett - Eric Urban Market Update for FULLERTON 17


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

DAYS ON MARKET
The properties have been on the market
for an average of 91 days. Half of the
listings have come newly on the market
in the past 77 or so days. Watch the 90-
day DOM trend for signals of a changing
market.

DAYS ON MARKET

It is not uncommon for


the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.

Adam Brett - Eric Urban Market Update for FULLERTON 18


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

FULLERTON
Neighborhood Detail 92831

Real-Time Market Profile Trend


Median List Price $ 500,000 THIS WEEK
Average List Price $ 550,523 The median single family home price
Least Expensive Listing $ 229,000 in FULLERTON 92831 this week is
Most Expensive Listing $ 1,695,000 $500,000.
Asking Price per Square Foot $ 283
Average Days on Market 127
Total Inventory 87
Absorbed This Week 2
Median House Size (sq ft) 1,825 With inventory and days-on-market
Median Lot Size 4,501 - 6500 sq ft
basically unchanged and the Market
Median Number of Bedrooms 3.0
Action Index decreasing, the market
Median Number of Bathrooms 2.0
Median Age isn't sending strong directional signal
46
Altos Research Value Statistics for the near-term outlook.
Market Action Index Cold! Buyer's Market 15

PRICE
Recently prices in this zip have settled
at a plateau even though they dipped
this week. Look for a persistent up-shift
in the Market Action Index before we
see prices significantly move from these
levels.

Adam Brett - Eric Urban Market Update for FULLERTON 19


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

PRICE PER QUARTILE


In the quartile market segments, we see
while the lower-half of the market has
seen negative price pressures lately,
prices in the upper-half of the market
have been mixed. Quartiles 3 and 4 have
been in price decline in recent weeks,
with Quartiles 1 and 2 remaining
basically flat. Look to the Market Action
Index as a leading indicator of the
bottom of the market.

Characteristics per Quartile QUARTILES


Med. Ab- Avg.
Quart Median Price Med. Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM
0.25 - 0.50
1 $ 745,000 2,400 acre 4.0 2.5 44 21 0 0 109 Most expensive 25% of homes
8,001 - 10,000
2 $ 589,950 2,296 sq ft 4.0 2.0 49 22 1 1 134 Upper-middle 25% of homes
6,501 - 8,000
3 $ 447,000 1,561 sq ft 3.0 1.5 55 22 2 0 148 Lower-middle 25% of homes
4,501 - 6500
4 $ 317,450 1,281 sq ft 3.0 1.0 56 22 0 1 117 Least expensive 25% of homes
PRICE AND VALUE
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.

Adam Brett - Eric Urban Market Update for FULLERTON 20


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

INVENTORY
Inventory has been steady around these
levels in recent weeks with 87 properties
currently available.

MARKET ACTION INDEX


The FULLERTON 92831 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 15. With
several months of inventory available
at the current sales rate, buyers should
find ample choice.

MARKET ACTION QUARTILES


Not surprisingly, all quartiles are in the
Buyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.

Adam Brett - Eric Urban Market Update for FULLERTON 21


Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116

DAYS ON MARKET
The properties have been on the market
for an average of 127 days. Half of the
listings have come newly on the market
in the past 91 or so days. Watch the 90-
day DOM trend for signals of a changing
market.

DAYS ON MARKET

It is not uncommon for


the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.

About Altos Research Corporation


Altos Research Corp. reports real-time analysis of the residential real estate market in local markets across
the country. All information contained herein is based on properties currently listed for sale and available
publicly. When evaluating a particular property, make sure you use comparable sales data in addition to
the market trend information available in this report. The data presented in this report is accurate to the
best of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estate
decision making process, but do not rely on it for accuracy. Nothing in this report or any other Altos
Research publication is a recommendation to buy or to sell real estate. We recommend you work with a
licensed real estate agent or broker.

Altos Research LLC Copyright 2005-2010. All Rights Reserved www.altosresearch.com

Adam Brett - Eric Urban Market Update for FULLERTON 22

Das könnte Ihnen auch gefallen