Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report

8/6/2019 Full 11 Page Rancho Cucamonga 91737 Real Esatate Market Report

1/11

MARKET UPDATEWilliam Lim's

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofMay 16, 2011

Presented by William LimPrudential California Realtywww.WilliamLim.com - [email protected]

RANCHCUCAMONGA, CA 917

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


2/11

Median List Price

Median Lot Size

19.5

Percent Relisted (reset DOM)

1994

3.0

9 %

Median Number of Bathrooms

117

Inventory of Properties Listed

$ 172

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 345,000

38 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Strong Buyer's

==

+

+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

10 73490

1132.5 25

3.0

16

106

4.0 145

122

10

9

0.50 - 1.0acre

34

$ 299,000

16

12

145

4.0

6,501 -8,000 sqft

113.0

12806,501 -

8,000 sqft

145

$ 230,000

4.0

129

6,501 -8,000 sqft$ 399,900

5.0$ 579,475

13

15

2452

The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.

Monday May 16, 2011

William Lim | Prudential California Realty | 909-239-2006

144

1681

2.0

The median list price in RANCHOCUCAMONGA, CA this week is

$345,000. The 579 properties havebeen on the market for an average of117 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

RANCCUCAMONGA,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

579

$ 2,800,000

$ 134,900

$ 412,314

24

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

Page 2 of 11

Single Family Home


3/11


City OverviewRANC

CUCAMONGA,

Monday May 16, 2011

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

90-day Average7-day Average

Quartile PricesPrices 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 11

Single Family Hom


4/11


City OverviewRANC

CUCAMONGA,

Monday May 16, 2011

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.


Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


Page 4 of 11

Single Family Hom


5/11


City OverviewRANC

CUCAMONGA,

Monday May 16, 2011

Market Action IndexThe RANCHO CUCAMONGA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.49. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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 functionof the current rate of sale versus current inventory.

Page 5 of 11

Single Family Hom


6/11


City OverviewRANC

CUCAMONGA,

Monday May 16, 2011

Days on MarketThe properties have been on the market for an average of 117 days. Half of the listings have come newly on the market in thepast 70 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 11

Single Family Hom


7/11

Median List Price

Median Lot Size

19.8

Percent Relisted (reset DOM)

2569

3.5

4 %

Median Number of Bathrooms

131

Inventory of Properties Listed

$ 187

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 447,000

40 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %

Percent of Properties with Price Decrease

Strong Buyer's

+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

8 15281

1013.0 22

4.0

1

121

4.0 23

150

0

1

0.50 - 1.0acre

25

$ 385,000

2

2

23

6.0

6,501 -8,000 sqft

33.5

15564,501 -

6,500 sqft

22

$ 278,000

4.0

154

0.50 - 1.0acre$ 585,000

5.0$ 999,944

27

5

2928

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.

Monday May 16, 2011


22

2203

2.0

The median list price in RANCHOCUCAMONGA, CA 91737 this week is

$447,000. The 90 properties havebeen on the market for an average of131 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

RANCCUCAMONGA,

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

90

$ 2,750,000

$ 239,900

$ 609,057

22

Trend Key:

Home sales have been exceedingnew inventory for several weeks.While still a Buyer's market, pricesseem to have responded by movingupward. If the demand trendscontinue, expect prices to keepmarching upward, especially oncewe see a Seller's Market.

Page 7 of 11

Single Family Home


8/11


Neighborhood DetailRANC

CUCAMONGA,

Monday May 16, 2011

Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.


Quartile PricesIn the quartile market segments, we see the middle of the market in this zip code staying on an up trend lately, while Quartiles1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward pricetrend or whether we're at the beginning of a decline.


Page 8 of 11

Single Family Hom


9/11



CUCAMONGA,

Monday May 16, 2011

Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers are tending to get more home for their money.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 9 of 11

Single Family Hom


10/11



CUCAMONGA,

Monday May 16, 2011

Market Action IndexThe RANCHO CUCAMONGA, 91737 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-dayMarket Action Index stands at 19.82. With several months of inventory available at the current sales rate, buyers should findample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage 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 functionof the current rate of sale versus current inventory.

age 10 of 11

Single Family Hom


11/11



CUCAMONGA,

Monday May 16 2011

Days on MarketThe properties have been on the market for an average of 131 days. Half of the listings have come newly on the market in thepast 77 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 11 of 11

Single Family Hom

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