Ken Dixon Account's Market Update

8/14/2019 Ken Dixon Account's Market Update

1/26

MARKET UPDATEKen Dixon Account'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 ofFebruary 15, 2010

Presented by Ken Dixon AccountDixon Team [email protected]

HUNTINGTON BEAC

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2009 Altos Research LLC


2/26

Median List Price

Median Lot Size

19.2

Percent Relisted (reset DOM)

2100

2.0

6 %

Median Number of Bathrooms

174

Inventory of Properties Listed

$ 381

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 725,000

32 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %

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

14 33300

1632.0 44

3.0

12

160

3.0 115

136

17

8

4,501 -6,500 sqft

47

$ 643,900

14

16

116

3.5

4,501 -6,500 sqft

72.5

13584,501 -

6,500 sqft

115

$ 519,000

3.0

238

4,501 -6,500 sqft$ 839,000

4.0$ 1,599,000

34

11

2404

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 February 15, 2010

Ken Dixon Account | Dixon Team OC | 949-295-5628

115

1792

1.0

The median list price in HUNTINGTONBEACH, CA this week is $725,000. The

461 properties have been on themarket for an average of 174 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+

==

=

HUNTINGTOBEACH, C

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

461

$ 5,950,000

$ 198,000

$ 953,347

34

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 26

Single Family Home


3/26


City OverviewHUNTINGTO

BEACH, C


Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

90-day Average7-day Average

Quartile PricesPrice weakness is evident almost across the board. Quartiles 2, 3, and 4 have been in price decline in recent weeks, withQuartile 1 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

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

Page 3 of 26

Single Family Hom


4/26



BEACH, C


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.


Page 4 of 26

Single Family Hom


5/26



BEACH, C


Market Action IndexThe HUNTINGTON BEACH market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 19.21. 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


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterized byanalyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantagezone (below 30) for a long period, prices are likely in for a downward correction.

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

Page 5 of 26

Single Family Hom


6/26



BEACH,


Days on MarketThe properties have been on the market for an average of 174 days. Half of the listings have come newly on the market in thepast 105 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 26

Single Family Hom


7/26

Median List Price

Median Lot Size

17.4


2369

2.0

3 %


185


$ 435


4,501 - 6,500 sqft


$ 978,000

30 %

4.0

Market Action Index



2 %


Strong Buyer's

==

+

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


32 03766

1462.0 38

3.0

1

214

4.0 23

108

1

4

4,501 -6,500 sqft

47

$ 800,000

1

2

24

3.5

4,501 -6,500 sqft

12.5

14024,501 -

6,500 sqft

23

$ 549,500

4.0

275

4,501 -6,500 sqft$ 1,285,000

4.0$ 2,495,000

34

3

2784

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.



23

2110

1.5

The median list price in HUNTINGTONBEACH, CA 92649 this week is

$978,000. The 93 properties havebeen on the market for an average of185 days.






No change



==

=

HUNTINGTOBEACH, C

Neighborhood Detail


Average List Price


93

$ 5,950,000

$ 475,000

$ 1,424,008

35

Trend Key:

The market has settled in at arelative stasis in inventory and salesconditions. It's a Buyer's market thathas seen prices trend lower. Expectthat consistent up trends in demandwill be required before price trendschange significantly.

Page 7 of 26

Single Family Home


8/26


Neighborhood DetailHUNTINGTO

BEACH, C


Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.


Quartile PricesIn the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been inprice decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.


Page 8 of 26

Single Family Hom


9/26



BEACH, C


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.




Page 9 of 26

Single Family Hom


10/26



BEACH, C


Market Action IndexThe HUNTINGTON BEACH, 92649 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 17.37. With several months of inventory available at the current sales rate, buyers should find amplechoice.


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.





age 10 of 26

Single Family Hom


11/26



BEACH,






Page 11 of 26

Single Family Hom


12/26

Median List Price

Median Lot Size

21.0


2374

2.0

6 %


202


$ 308


0.25 - 0.50 acre


$ 724,000

38 %

4.0

Market Action Index



11 %


Strong Buyer's

==

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


36 34043

1702.0 47

3.0

1

252

4.0 16

123

4

1

0.50 - 1.0acre

36

$ 670,000

2

2

16

3.5

0.25 - 0.50acre

32.2

18304,501 -

6,500 sqft

16

$ 492,000

4.0

264

0.25 - 0.50acre$ 839,500

4.0$ 1,324,500

48

2

2825

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



16

2082

2.0








No change



==

=

HUNTINGTOBEACH, C

Neighborhood Detail


Average List Price


64

$ 2,998,880

$ 319,900

$ 884,924

39

Trend Key:

Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However,the as supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.

age 12 of 26

Single Family Home


13/26



BEACH, C


Median PricePrices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of thatcycle.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


age 13 of 26

Single Family Hom


14/26



BEACH, C


Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.


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.


age 14 of 26

Single Family Hom


15/26



BEACH, C









age 15 of 26

Single Family Hom


16/26



BEACH,






age 16 of 26

Single Family Hom


17/26

Median List Price

Median Lot Size

22.0


1592

1.0

12 %


135


$ 368


4,501 - 6,500 sqft


$ 555,900

31 %

4.0

Market Action Index



9 %


Strong Buyer's

==

==

+

==

+




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


42 22327

1531.0 48

3.0

4

152

3.0 21

114

2

2

4,501 -6,500 sqft

48

$ 538,999

2

2

22

2.0

4,501 -6,500 sqft

11.0

12904,501 -

6,500 sqft

21

$ 489,500

4.0

123

4,501 -6,500 sqft$ 590,000

4.0$ 769,000

45

3

1741

Inventory and days-on-market areclimbing, while the Market ActionIndex has been flat recently. Thetrends point to a weakening market.



21

1398

1.0








No change



==

=

HUNTINGTOBEACH, C

Neighborhood Detail


Average List Price


85

$ 1,175,000

$ 399,900

$ 601,115

44

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.

age 17 of 26

Single Family Home


18/26



BEACH, C


Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


age 18 of 26

Single Family Hom


19/26



BEACH, C


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




age 19 of 26

Single Family Hom


20/26



BEACH, C









age 20 of 26

Single Family Hom


21/26



BEACH,






age 21 of 26

Single Family Hom


22/26

Median List Price

Median Lot Size

25.8


1906

2.0

8 %


186


$ 273


6,501 - 8,000 sqft


$ 559,500

26 %

4.0

Market Action Index



14 %


Buyer's Advantage

==

+

==




ottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 12930

1312.0 54

3.0

5

201

3.0 40

216

1

3

6,501 -8,000 sqft

56

$ 399,000

5

4

40

2.5

6,501 -8,000 sqft

42.5

12626,501 -

8,000 sqft

40

$ 299,850

4.0

197

6,501 -8,000 sqft$ 639,000

4.0$ 854,000

30

2

2200

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



40

1518

1.0








No change



==

=

HUNTINGTOBEACH, C

Neighborhood Detail


Average List Price


160

$ 1,500,000

$ 190,000

$ 567,574

39

Trend Key:

Inventory levels have been relativelyconsistent relative to sales. Despitethe fact that there is a relativelyhigh amount of available inventory,this Buyer's market is still seeingprices move higher. Given inventorylevels, these price conditions arerelatively fragile. If the marketcools off further, the price trend islikely to reverse.

age 22 of 26

Single Family Home


23/26



BEACH, C


Median PriceAgain this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus theirabsolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leadingindicator for a trough in prices.


Quartile PricesIn the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit ofan up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across theboard move from these levels.


age 23 of 26

Single Family Hom


24/26



BEACH, C


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




age 24 of 26

Single Family Hom


25/26



BEACH, C


Market Action IndexThe HUNTINGTON BEACH, 92646 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.79 so buyers should expect find reasonable levels of selection.


Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).





age 25 of 26

Single Family Hom


26/26



BEACH,





Single Family Hom

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Ken Dixon Account's Market Update

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