Monday June 5, 2017
Your Local Market's LAKE FOREST, CA
Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 384,500 +
Asking Price Per Square Foot $ 376
The median list price in LAKE FOREST, CA this week is $384,500. Average Days on Market (DOM) 39 ==
Percent of Properties with Price Decrease 25 %
Percent Relisted (reset DOM) 14 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 4%
weakening market. Median House Size (sq ft) 966
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 69.5 +
Supply and Demand
In the last few weeks the market has achieved a relative stasis point + No change == Strong upward trend Strong downward trend
in terms of sales to inventory. However, inventory is sufficiently low
to keep us in the Seller's Market zone so watch changes in the MAI. = Slight upward trend Slight downward trend
If the market heats up, prices are likely to resume an upward climb.
Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
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 Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average 90-Day Rolling Average
Characteristics per Quartile Investigate the market in quartiles -
where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM
Top/First $ 569,000 1672 3.0 2.5 27 7 0 0 35 Most expensive 25% of properties
Upper/Second $ 450,000 1008 2.0 2.0 31 7 0 4 32 Upper-middle 25% of properties
Lower/Third $ 330,000 957 2.0 1.5 36 7 3 3 69 Lower-middle 25% of properties
Bottom/Fourth $ 295,000 829 2.0 1.0 36 7 3 3 21 Least expensive 25% of properties
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Your Local Market's
MARKET UPDATE
LAKE FOREST, CA
Current Real Estate Market Conditions for Condos & Townhomes
Trends in Pricing
Current Levels of Supply and Demand
Value Metrics
Report for the week of
June 05, 2017
Presented by Your Local Market Reports
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Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Condos & Townhomes in
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LAKE FOREST, CA
This Week Real-Time Market Profile Trend
The median list price in LAKE FOREST, Median List Price $ 384,500 +
CA this week is $384,500. The 28 Average List Price $ 416,257
properties have been on the market Asking Price Per Square Foot $ 376
for an average of 39 days. Average Days on Market (DoM) 39 ==
Inventory of Properties Listed 28 ==
Most Expensive Listing $ 735,000
The Market Action Index has been Least Expensive Listing $ 255,000
trending down lately, while inventory Average Age of Listing 32
and days-on-market are climbing. The Percent of Properties with Price Decrease 25 %
trends imply a weakening market. Percent Relisted (reset DOM) 14 %
Percent Flip (price increased) 4%
Median House Size (sq ft) 966
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Supply and Demand Altos Research Value Statistics
In the last few weeks the market has Market Action Index Strong Seller's 69.5 +
achieved a relative stasis point in 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
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone so watch changes in the MAI. If Trend Key: == Strong upward trend Strong downward trend
the market heats up, prices are + No change = Slight upward trend Slight downward trend
likely to resume an upward climb.
Characteristics per Quartile
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Top/First $ 569,000 1672 3.0 2.5 27 7 0 0 35 Most expensive 25% of properties
Upper/Second $ 450,000 1008 2.0 2.0 31 7 0 4 32 Upper-middle 25% of properties
Lower/Third $ 330,000 957 2.0 1.5 36 7 3 3 69 Lower-middle 25% of properties
Bottom/Fourth $ 295,000 829 2.0 1.0 36 7 3 3 21 Least expensive 25% of properties
Page 2 of 6 Monday June 5, 2017
Condos & Townhomes in
City Overview
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LAKE FOREST, CA
Median Price
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good
leading indicator for the durability of this shift.
7-day Average 90-day Average
Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a
persistent shift in the Market Action Index before we see prices across the board move from these levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6 Monday June 5, 2017
Condos & Townhomes in
City Overview
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LAKE FOREST, 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 can see 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 June 5, 2017
Condos & Townhomes in
City Overview
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LAKE FOREST, CA
Market Action Index
The LAKE FOREST market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action
Index stands at 69.54; 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 June 5, 2017
Condos & Townhomes in
City Overview
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LAKE FOREST, CA
Days on Market
The properties have been on the market for an average of 39 days. Half of the listings have come newly on the market in the
past 28 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 June 5, 2017
