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    Danville Full Market Report (Week of January 27th, 2014)

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    Harry Khara
    Danville Full Market Report (Week of January 27th,2014)

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    Danville Full Market Report (Week of January 27th, 2014)

    Uploaded by

    Harry Khara
    51 views6 pages
    Danville Full Market Report (Week of January 27th,2014)

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    Danville Full Market Report (Week of January 27th,2014)

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    Danville Full Market Report (Week of January 27th,2014)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    51 views6 pages

    Danville Full Market Report (Week of January 27th, 2014)

    Uploaded by

    Harry Khara
    Danville Full Market Report (Week of January 27th,2014)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 6

    Intero Real Estate Services MARKET UPDATE

    DANVILLE, 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 January 27, 2014

    Presented by Intero Real Estate Services Intero Real Estate Services www.Facebook.com/InteroEastBay 510.651.6500

    Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2013 Altos Research LLC

    City Overview
    Intero Real Estate Services | EastBay

    Single Family Homes in

    DANVILLE, CA

    This Week
    The median list price in DANVILLE, CA this week is $1,192,500. The 52 properties have been on the market for an average of 109 days.
    Median List Price Average List Price

    Real-Time Market Profile


    $ 1,192,500 $ 1,837,789 $ 430 109 52 $ 9,600,000 $ 611,100 24 17 % 8% 8% 3201 0.25 - 0.50 acre 4.0 3.2

    Trend
    == + ==

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

    Demand measured by the Market Action Index is increasing and dayson-market is trending downward. Even as more properties come available, these are positive trends for the 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


    The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

    Median Number of Bathrooms

    Altos Research Value Statistics


    Market Action Index Strong Seller's 52.6 == 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

    $ 2,999,999 $ 1,669,000 $ 1,050,000 $ 820,909

    5700 3500 2755 1927

    1.0 - 2.5 acres 0.50 - 1.0 acre 0.25 - 0.50 acre 4,501 6,500 sqft

    5.0 5.0 4.0 3.0

    5.5 4.0 2.5 2.5

    24 27 24 18

    13 13 13 13

    0 3 6 2

    1 1 4 7

    276 92 34 33

    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 January 27, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    DANVILLE, CA

    Median Price
    Prices seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.

    7-day Average

    90-day Average

    Quartile Prices
    Pricing across most of the market has been relatively strong recently. While Quartile 4 is basically flat, all other segments are in an up trend period. Unless the Market Action Index has a persistent downward shift, expect that Quartile 4 will assume a similar trend with the other groups.

    First/Top

    Second/Upper

    Third/Lower

    Fourth/Bottom

    Page 3 of 6

    Monday January 27, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    DANVILLE, CA

    Price per Square Foot


    Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

    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 January 27, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    DANVILLE, CA

    Market Action Index


    The DANVILLE market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 52.64; indicating very little supply relative to the demand.

    90-day Average

    Buyers/Sellers Cutoff

    Market Action Index per Quartile


    Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

    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.

    Page 5 of 6

    Monday January 27, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    DANVILLE, CA

    Days on Market
    The properties have been on the market for an average of 109 days. Half of the listings have come newly on the market in the past 56 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 January 27, 2014

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