Your Local

MARKET UPDATE
DEL MAR, 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

November 02, 2009

· Presented by Pickford Escrow - San Diego

Pickford Escrow and The Escrow Firm
jcurtis@pickfordescrow.com
(858) 525-5478

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2009 Altos Research LLC
 City Overview
Pickford Escrow and The Escrow Firm
DEL MAR, CA

This Week Real-Time Market Profile Trend

The median list price in DEL MAR, CA Median List Price $ 1,999,900 ±+
this week is $1,999,900. The 131 Average List Price $ 4,374,360
properties have been on the market Asking Price Per Square Foot $ 748 ±+
for an average of 214 days. Average Days on Market (DoM) 214 ±+

Inventory of Properties Listed 131 ==

Most Expensive Listing $ 76,000,000

The Market Action Index has been Least Expensive Listing $ 799,000

trending down lately, while inventory Average Age of Listing 32

is climbing. These trends imply a Percent of Properties with Price Decrease 38 %
weakening market. Percent Relisted (reset DOM) 15 %
Percent Flip (price increased) 0%
Median House Size (sq ft) 2919
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 3.0

Altos Research Value Statistics

Home sales have been exceeding Market Action Index Strong Buyer's 15.2 ≠≠
new inventory for several weeks. 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
However because of excess implies a seller's advantage. Below 30, conditions give the advantage to the
inventory, prices have not yet buyer.
stopped falling. Should the sales
trend continue, expect prices to Trend Key: == Strong upward trend ≠≠ Strong downward trend
level off soon and potentially to ±+ No change = Slight upward trend ≠ Slight downward trend
resume their climb from there.
Watch prices as the market
transitions from a Buyer's market to
a Seller's market.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.25 - 0.50
Top/First $ 6,349,500 4000 acre 4.0 4.5 37 32 1 0 264 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 2,550,000 3000 acre 4.0 3.5 22 33 1 2 210 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 1,749,500 3164 acre 4.0 3.0 30 33 3 0 207 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 1,250,000 2258 8,000 sqft 4.0 2.5 31 33 0 2 177 Least expensive 25% of properties

Page 2 of 6 Monday November 2, 2009

 City Overview
Pickford Escrow and The Escrow Firm
DEL MAR, CA

Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 3 has been
declining 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 November 2, 2009

 City Overview
Pickford Escrow and The Escrow Firm
DEL MAR, CA

Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

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 November 2, 2009

 City Overview
Pickford Escrow and The Escrow Firm
DEL MAR, CA

Market Action Index

The DEL MAR market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands
at 15.20. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

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 Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.

Page 5 of 6 Monday November 2, 2009

 City Overview
Pickford Escrow and The Escrow Firm
DEL MAR, CA

Days on Market
The properties have been on the market for an average of 214 days. Half of the listings have come newly on the market in the
past 175 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 November 2, 2009