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This Week
Real-Time Market Profile Trend
Median List Price $ 799,000 +
Asking Price Per Square Foot $ 377 +
The median list price in LAKE FOREST, CA this week is $799,000. Average Days on Market (DOM) 41 ==
Percent of Properties with Price Decrease 38 %
Percent Relisted (reset DOM) 18 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 11 %
negative implications for the market. Median House Size (sq ft) 2290
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 3.0
The market has started cooling and prices have been flat for several + No change == Strong upward trend Strong downward trend
weeks. Since we're in the Seller's zone, watch for changes in MAI. If
the MAI resumes its climb, prices will likely follow suit. If the MAI = Slight upward trend Slight downward trend
drops consistently or falls into the Buyer's zone, watch for downward
pressure on prices.
Price
Market Action Index The market appears to be hovering around this plateau. Look for
a persistent change in the Market Action Index before we see
prices deviate from these levels.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
Less than
Upper/Second $ 888,295 2545 4,500 sqft 4.0 3.0 30 21 3 3 54 Upper-middle 25% of properties
4,501 -
Lower/Third $ 758,800 2167 6,500 sqft 4.0 2.5 40 21 3 4 39 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 649,999 1601 6,500 sqft 3.0 2.0 46 22 4 4 29 Least expensive 25% of properties
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Your Local Market's
MARKET UPDATE
LAKE FOREST, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in
.
LAKE FOREST, CA
prices have been flat for several 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
weeks. Since we're in the Seller's implies a seller's advantage. Below 30, conditions give the advantage to the
zone, watch for changes in MAI. If buyer.
the MAI resumes its climb, prices
will likely follow suit. If the MAI Trend Key: == Strong upward trend Strong downward trend
drops consistently or falls into the + No change = Slight upward trend Slight downward trend
Buyer's zone, watch for downward
pressure on prices.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
Less than
Top/First $ 1,110,485 2970 4,500 sqft 5.0 4.5 1 21 2 1 42 Most expensive 25% of properties
Less than
Upper/Second $ 888,295 2545 4,500 sqft 4.0 3.0 30 21 3 3 54 Upper-middle 25% of properties
4,501 -
Lower/Third $ 758,800 2167 6,500 sqft 4.0 2.5 40 21 3 4 39 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 649,999 1601 6,500 sqft 3.0 2.0 46 22 4 4 29 Least expensive 25% of properties
Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.
Quartile Prices
Prices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often this
condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still
relatively short. Buyers are focusing on the lowest price homes in the area.
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.
Days on Market
The properties have been on the market for an average of 41 days. Half of the listings have come newly on the market in the
past 35 or so days.