8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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SWAMPSCOTT, M019

Curren t R eal E state Ma rk et C ondition s for Condos a TownhomesT rends in P ricin g C urrent levels of Supply and D em andValue Me tr ic s

Report for the week ofO c to be r 3 1,2 01 1

Presented by N est F o rw ard, L LCN est F orw ard, L L Cwww.nestforward.com781.572.8725

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8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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NEIGHBORHOOD DETAIL CONDOS &TOWNHOMESSORAYA E. CAGIGI I SORAYA@NESTFORWARD.GOM I 781.572.8725

..The median list price inSWAMPSCOTI, MA 01907 this week is$225,000. The 19 properties havebeen on the market for an average of130 days.The Market Action Index has beentrending down lately, indicatingdemand falling along with supply.Conditions point to mildly negativetrends for the market.

Supply and Dem and-..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.

SWAMPSCOTT,019

Real-Time Market Profile TrendMedian List Price $ 225,000 Average List Price $291,863Asking Price Per Square Foot $ 164 Average Days on Market (DoM) 130 . . . .Inventory of Properties Listed 19 Most Expensive Listing $ 799,000Least Expensive Listing $129,000Average Age of Listing 0Percent of Propert ies with Price Decrease 74%Percent Relisted (reset DOM) 0%Percent Flip (price increased) 0%Median House Size (sq ft ) 1394Median Number of Bedrooms 2.0Median Number of Bathrooms 2.0

Altos Research Value StatisticsMarket Action Index Strong Buyer's 12,9 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,

Trend Key:.... No change

...... Strong upward trend Strong downward trend... Slight upward trend Slight downward trend

Characterist ics perOuartile ,Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOMTop/First S 561,950 2266 3.0 3.5 0 4 0 0 93 Most expensive 25% of propertieser /Second S 265,000 1461 2.0 2.0 0 5 0 90 Upper-middle 25% of properties

Lower/Third S 209,000 1335 2.0 2.0 0 5 0 109 Lower-middle 25% of propertiesS 175,000 1144 2.0 2.0 0 5 0 223 Least expensive 25% of properties

AGE 2 OF 6 -

8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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NEIGHBORHOOD DETAIL CONDOS &TOWNHOMESSORAYA E. CACICI I SORAYA@NESTFORWARD.COM 1781.572.8725 SWAMPSCOTT,

019

00 a downward trend recently and this week, whHe essentially flat, d"",01 break usO"t ofthat cycle.

$290,000$280,000$270,000$260,000$250,000$240,000$230,000$220,000$210,000, , , , ,

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May07 5ep 07 Jan 08 May08 Sep08 Jan 09 May09 Sep09 Jan 10 May 10 Sep 10 Jan 11 May 11 Sep 11- 7-day Average - 90-day Average

Quartile Prices. In 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.

$750,000I I I I I I I I IL ~ ~ ~ ~ ~ L ~ I _I I I I I I I I,

$1,250,000

$1,000,000

$500,000

Jul07- First/Top

Jan 08 Jul08 Jan 09 Jul09 Jan 10 jul 10 Jan 11 jur n- Second/Upper - Third/Lower - Fourth/Bottom

AGE 3 OF 6 MONDAY OCTOBER 31, 2011

8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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NEIGHBORHOOD DETAIL CONDOS &TOWNHOMESSORAYA E. CACICI I SORAYA@NESTFORWARD.COM 1781.572.8725 SWAMPSCOTT,

019

ri.ce per Square Footo! ! The market's downward trends are shared across both price and value. People are recently placing less value on homes (you cansee the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as aprecursor to price and value changes, possibly as inflect ion points for good investment opportuni ties.

$230$220$210$200$190$180$170$160 ~ ~ - - ~ - ~ J ~ - - ~ - ~ - - ~ - ~ - ~ J _ ~ - ~ - ~ - - ~ - ~ - T - ~ - ~ - - ~ - ~ - ~ - - ~ ' - ~ - - ~ - ~ - ~ - - ~ J ~ - - ~ - ~ - ~ - - ~ - ~ J ~ - - ~ - ~ - - ~ - ~ - T ! - ~ - ~ - ~ - - ~ - ~ - - r ' - ~-~--~-~--~!~-~--~-~-~-

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May07 Sep07 Jan08 May08 Sep08 Jan09 May09 Sep09 Jan 10 May 10 Sep10 Jan 11 May 11 Sep11- 7-day Average - 90-day Averagelnventory of Properties listed for Sale. Inventory 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.

15 ,-- --:- --- --- - r - - - - - - - r - - - - - - - , - - - - - - -

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May 07 Sep 07 Jan 08 May 08 Sep 08 Jan 09 May 09 Sep 09 Jan 10 May 10 Sep 10 Jan 11 May 11 Sep 11- 7-day Average - 90-day AverageAGE40F 6 MONDAY OCTOBER 31, 2011

8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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NEIGHBORHOOD DETAIL CONDOS &TOWNHOMESSORAYA E. CACICI I SORAYA@NESTFORWARD.COM 1781.572.8725 SWAMPSCOTT,

019

arketAction lndexo! ! The SWAMPSCOTT,01907 market is currently qui te strongly in the Buyer's Advantage zone (below 30), The 90-day Market ActionIndex stands at 12,87, With several months of inventory available at the current sales rate, buyers should find ample choice,

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30

25

20

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5 - - - - + - - - - - - - - - - - - - - - ~ - - - - - - - ~ - - - - - - - + - - - - - - - ~ - - - - - - - ~ - - - - - - - - ~ - - - - - - - t - - - - - - - t - - - - - - - - - - - - - - - : - - - - - - - - r - - - - - - t - - - - -May 07 Sep 07 jan 08 May 08 Sep08 jan 09 May 09 Sep 09 jan 10 May 10 Sep 10 jan 11 May 11 Sep 11- 90-day Average - Buyers/Sellers Cutoff~ ~ '~!~!Y'~L~"~i~ ~e ~o~~~e~ ~ o o 9 . n ~~~!~ !~ th 'f inventory given the current levels of. demand, Watch the quartiles for changes before the overall market shifts,

4 5 ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~4035302520

5O~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~May 07 Sep 07 jan 08 May 08 Sep08 jan 09 May 09 Sep 09 jan 10 May 10 Sep 10 jan 11 May 11 Sep 11- First/Top -Second/Upper - Third/Lower - Fourth/Bottom

- Buyers/Sellers CutoffResidential house prices are a funct ion 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 (MAl) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory,

AGES OF 6 MONDAY OCTOBER 31, 2011

8/3/2019 Swampscott Condo Market Update - Week of Oct 31

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NEIGHBORHOOD DETAIL CONDOS &TOWNHOMESSORAYA E. CACICI I SORAYA@NESTFORWARD.COM I 781.572.8725 SWAMPSCOTT,

019

~~~pe~;~ h~':~ ~ ~ ~aeket foe an average of 130 days. Half of the listings have come newly 00 the market ;0 thepast 77 or so days.

75

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May07 5ep07 jan 08 May08 Sep08 jan 09 May09 Sep09 jan 10 May10 Sep10 jan 11 May11 Sep11

- 7-day Average - 90-day Average

Da.ys on Market per Q .lIartile . .. It 1S not uncommon for the higher pnced homes In an area to take longer to sell than those In the lower quartiles.

250225200175150125

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May07 Sep07 jan 08 May08 Sep08 jan 09 May09 Sep09 jan 10 May10 Sep10 jan 11 May11 Sep11- First/Top - Second/Upper - Third/Lower - Fourth/Bottom

AGE 6 OF 6 MONDAY OCTOBER 31, 2011