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    Fremont Full Market Report

    Uploaded by

    Harry Khara
    Fremont Full Market Report

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    © All Rights Reserved
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    Fremont Full Market Report

    Uploaded by

    Harry Khara
    37 views6 pages
    Fremont Full Market Report

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Fremont Full Market Report

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views6 pages

    Fremont Full Market Report

    Uploaded by

    Harry Khara
    Fremont Full Market Report

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Intero Real Estate Services MARKET UPDATE

    FREMONT, 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 March 31, 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

    FREMONT, CA

    This Week
    The median list price in FREMONT, CA this week is $793,888. The 113 properties have been on the market for an average of 36 days.
    Median List Price Average List Price

    Real-Time Market Profile


    $ 793,888 $ 1,189,737 $ 478 36 113 $ 9,000,000 $ 300,000 40 6% 14 % 3% 1790 4,501 - 6,500 sqft 4.0 2.5

    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


    While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We currently in a Seller's market so prices will likely resume their climb should this trend persist.

    Median Number of Bathrooms

    Altos Research Value Statistics


    Market Action Index Strong Seller's 70.8 = 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

    $ 1,899,475 $ 895,000 $ 734,344 $ 585,000

    3579 2008 1727 1258

    0.25 - 0.50 acre 6,501 8,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft

    5.0 4.0 4.0 3.0

    3.5 2.5 2.2 2.0

    18 47 46 53

    28 28 28 29

    7 12 6 6

    4 11 5 10

    70 18 28 28

    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 March 31, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    FREMONT, CA

    Median Price
    The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

    7-day Average

    90-day Average

    Quartile Prices
    Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

    First/Top

    Second/Upper

    Third/Lower

    Fourth/Bottom

    Page 3 of 6

    Monday March 31, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    FREMONT, CA

    Price per Square Foot


    The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

    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 March 31, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    FREMONT, CA

    Market Action Index


    The FREMONT market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 70.75; 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 March 31, 2014

    City Overview

    Single Family Homes in

    Intero Real Estate Services | EastBay

    FREMONT, CA

    Days on Market
    The properties have been on the market for an average of 36 days. Half of the listings have come newly on the market in the past 7 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 March 31, 2014

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