remax north orange county MARKET UPDATE

DIAMOND BAR, 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

June 24, 2011

Presented by remax north orange county remax north orange county www.carlosjamador.com 5628334292

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC

City Overview
remax north orange county - www.carlosjamador.com

Single Family Homes in

DIAMOND BAR, CA

This Week
The median list price in DIAMOND BAR, CA this week is $584,000. The 174 properties have been on the market for an average of 129 days.
Median List Price Average List Price

Real-Time Market Profile

$ 584,000 $ 898,570 $ 270 129 174 $ 6,990,000 $ 129,900 33 39 % 14 % 6% 2160 0.25 - 0.50 acre 4.0 3.0

Trend
== + + ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Buyer's 18.6 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:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 1,435,000 $ 659,000 $ 508,500 $ 378,000

4610 2447 1874 1506

1.0 - 2.5 acres 8,001 10,000 sqft 8,001 10,000 sqft 8,001 10,000 sqft

5.0 4.0 4.0 4.0

4.0 3.0 2.0 2.0

24 32 34 46

43 43 44 44

1 1 4 5

2 4 3 3

163 113 148 92

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Page 2 of 6

Monday June 27, 2011

City Overview

Single Family Homes in

remax north orange county - www.carlosjamador.com

DIAMOND BAR, CA

Median Price
Despite this week's down tic, price trends have generally been moving up lately. Prices are below the market's high point, and so watch the Market Action Index as an indicator of how long this trend will last.

7-day Average

90-day Average

Quartile Prices
Prices in most of the market trending have been higher in recent weeks except for the high-end of the market, which has been essentially flat.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 6

Monday June 27, 2011

City Overview

Single Family Homes in

remax north orange county - www.carlosjamador.com

DIAMOND BAR, CA

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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 June 27, 2011

City Overview

Single Family Homes in

remax north orange county - www.carlosjamador.com

DIAMOND BAR, CA

Market Action Index

The DIAMOND BAR market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.61. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

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.

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. The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function of the current rate of sale versus current inventory.

Page 5 of 6

Monday June 27, 2011

City Overview

Single Family Homes in

remax north orange county - www.carlosjamador.com

DIAMOND BAR, CA

Days on Market
The properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in the past 77 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 June 27, 2011