Rancho Santa Fe Real Estate Market Report June 2011

MARKET UPDATESolutions Real Estate

· 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 30, 2011

· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]

RANCHO SANTA FE, CA

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

Median List Price

Median Lot Size

12.3

Percent Relisted (reset DOM)

6325

6.0

1 %

Median Number of Bathrooms

232

Inventory of Properties Listed

$ 515

Percent Flip (price increased)

1.0 - 2.5 acres

Median House Size (sq ft)

$ 2,995,000

32 %

5.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Strong Buyer's

==

±+

±+

≠≠

±+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/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

12 09272

2156.0 21

4.0

6

220

5.0 66

206

3

2

2.5 - 5.0acres

24

$ 2,567,500

5

2

67

8.0

1.0 - 2.5acres

16.5

3551 1.0 - 2.5acres

66

$ 1,745,000

5.0

289

1.0 - 2.5acres$ 3,647,500

5.0$ 5,995,000

12

4

7011

With inventory trending up but days-on-market trending down and theMarket Action Index essentially flatrecently, conditions do not seem tohave strong up or down pull.

Monday May 30, 2011

David Dion | Solutions Real Estate | 480-332-5942 | www.

66

5881

4.0

The median list price in RANCHOSANTA FE, CA this week is $2,995,000.The 265 properties have been on themarket for an average of 232 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±+

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RANCHO SANTAFE, CA

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

265

$ 29,950,000

$ 865,000

$ 3,838,526

20

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.

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Single Family Homes in


City OverviewRANCHO SANTA

FE, CA

Monday May 30, 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 generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see apersistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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FE, CA

Monday May 30, 2011

Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


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.


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FE, CA

Monday May 30, 2011

Market Action IndexThe RANCHO SANTA FE market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 12.29. 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 groupchanges.


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 Buyer’sAdvantage 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.

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FE, CA

Monday May 30, 2011

Days on MarketThe properties have been on the market for an average of 232 days. Half of the listings have come newly on the market in thepast 133 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.


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Rancho Santa Fe Real Estate Market Report June 2011

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