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    Hayward Full Market Report (Week of February 10, 2014)

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    Harry Khara
    Hayward Full Market Report (Week of February 10, 2014)

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    Hayward Full Market Report (Week of February 10, 2014)

    Uploaded by

    Harry Khara
    20 views6 pages
    Hayward Full Market Report (Week of February 10, 2014)

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    Hayward Full Market Report (Week of February 10, 2014)

    Copyright:

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

    Hayward Full Market Report (Week of February 10, 2014)

    Uploaded by

    Harry Khara
    Hayward Full Market Report (Week of February 10, 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

    HAYWARD, 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 February 10, 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

    HAYWARD, CA

    This Week
    The median list price in HAYWARD, CA this week is $450,000. The 101 properties have been on the market for an average of 45 days.
    Median List Price Average List Price

    Real-Time Market Profile


    $ 450,000 $ 510,242 $ 311 45 101 $ 1,450,000 $ 35,000 57 8% 8% 1% 1477 4,501 - 6,500 sqft 3.0 2.0

    Trend
    ==

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

    Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

    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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

    Median Number of Bathrooms

    Altos Research Value Statistics


    Market Action Index Strong Seller's 59.4 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

    $ 799,000 $ 489,950 $ 428,888 $ 309,500

    2462 1700 1290 1020

    8,001 10,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

    4.0 3.0 3.0 3.0

    3.0 2.0 2.0 1.0

    57 56 60 64

    25 25 25 26

    6 7 7 5

    4 1 6 6

    53 41 42 43

    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 February 10, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    HAYWARD, CA

    Median Price
    The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

    7-day Average

    90-day Average

    Quartile Prices
    Prices have been trending down almost across the board. It is atypical that Quartile 1 is the one showing strength. Unless we see persistent strength in the Market Action Index, Quartile 1 will likely resume the trend of the rest of the market.

    First/Top

    Second/Upper

    Third/Lower

    Fourth/Bottom

    Page 3 of 6

    Monday February 10, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    HAYWARD, CA

    Price per Square Foot


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

    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 February 10, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    HAYWARD, CA

    Market Action Index


    The HAYWARD market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 59.44; 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 February 10, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    HAYWARD, CA

    Days on Market
    The properties have been on the market for an average of 45 days. Half of the listings have come newly on the market in the past 14 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 February 10, 2014

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