Jim Duncan's Market Report market update

EARLYSVILLE
Sunday February 28, 2010
Real-Time Market Profile Trend
Median List Price THIS WEEK
$ 609,900 The median single family home price
Asking Price per Square Foot $ 187 in EARLYSVILLE this week is
Average Days on Market 120 $609,900.
Percent of Properties with Price Decrease 17 %
Percent Relisted (reset DOM) 4%
Percent Flip (price increased) 0%
Median House Size (sq ft) 2,990
Median Lot Size 2.5 - 5.0 acres Inventory has been decreasing lately
Median Number of Bedrooms 4.0
but the Market Action Index is falling
also. With days-on-market climbing,
Median Number of Bathrooms 4.0 these are relatively negative
Market Action Index* Cool. Buyer's Market 22 implications for the market.
* see below for details on the Market Action Index

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

The Market Action Index answers the question "How's the Market?" By measuring the SUPPLY AND DEMAND
current rate of sale versus the amount of the inventory.
Local conditions are currently in the
Buyer's Market zone (below 30), though
not strongly so. The 90-day Market
Action Index stands this week at 22 so
buyers should expect find reasonable
levels of selection.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the
buyer.
QUARTILES
Characteristics per Quartile Investigate the market in
Med. Med. Ab- Avg.
quartiles—where each quartile is 25%
Quart Median Price Sqft Med. Lot Size Bed Bath Age Inven. New sorbed DoM of the homes listed.

1 $ 1,149,000 4,333 2.5 - 5.0 acres 4.0 5.0 4 11 0 0 106 Most expensive 25% of homes

2 $ 649,450 3,314 2.5 - 5.0 acres 4.0 4.0 1 12 0 0 160 Upper-middle 25% of homes

3 $ 544,950 3,127 2.5 - 5.0 acres 4.0 3.0 23 12 1 1 114 Lower-middle 25% of homes

4 $ 256,950 1,980 1.0 - 2.5 acres 4.0 3.0 28 12 0 1 99 Least expensive 25% of homes

Jim Duncan | www.RealCentralVA.com | 434.242.7140

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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
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