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This Week
Real-Time Market Profile Trend
Median List Price $ 727,400 +
Asking Price Per Square Foot $ 362 +
The median list price in RANCHO SANTA MARGARITA, CA this week Average Days on Market (DOM) 43 ==
is $727,400.
Percent of Properties with Price Decrease 50 %
Percent Relisted (reset DOM) 6%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 8%
are mildly positive indications for the 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
While the Market Action Index shows some strengthening in the last + No change == Strong upward trend Strong downward trend
few weeks, prices have settled in a bit of a plateau. We currently in
a Seller's market so prices will likely resume their climb should this = Slight upward trend Slight downward trend
trend persist.
Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
Less than
Upper/Second $ 825,000 2405 4,500 sqft 4.0 2.5 23 9 1 3 41 Upper-middle 25% of properties
Less than
Lower/Third $ 690,000 1861 4,500 sqft 4.0 2.5 23 9 1 2 62 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 630,000 1600 4,500 sqft 3.0 2.5 21 9 2 4 29 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
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in
.
RANCHO SANTA
MARGARITA, CA
and the Market Action Index has been Average Age of Listing 22
trending up. Though days-on-market Percent of Properties with Price Decrease 50 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 6%
indications for the market. Percent Flip (price increased) 8%
Median House Size (sq ft) 2000
Median Lot Size Less than 4,500 sqft
Median Number of Bedrooms 4.0
some strengthening in the last few 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
weeks, prices have settled in a bit of implies a seller's advantage. Below 30, conditions give the advantage to the
a plateau. We currently in a Seller's buyer.
market so prices will likely resume
their climb should this trend persist. Trend Key: == Strong upward trend Strong downward trend
+ No change = Slight upward trend Slight downward trend
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 929,000 2900 6,500 sqft 4.0 3.0 19 9 1 0 40 Most expensive 25% of properties
Less than
Upper/Second $ 825,000 2405 4,500 sqft 4.0 2.5 23 9 1 3 41 Upper-middle 25% of properties
Less than
Lower/Third $ 690,000 1861 4,500 sqft 4.0 2.5 23 9 1 2 62 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 630,000 1600 4,500 sqft 3.0 2.5 21 9 2 4 29 Least expensive 25% of properties
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.
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.
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.
Days on Market
The properties have been on the market for an average of 43 days. Half of the listings have come newly on the market in the
past 35 or so days.