Ewing & Associates Sotheby's International Realty Executive Summary
Monday March 12, 2012
AGOURA HILLS, CA 91301 Single Family Homes
This Week The median list price in AGOURA HILLS, CA 91301 this week is $849,950. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
Real-Time Market Profile
Trend
Median List Price $ 849,950 Asking Price Per Square Foot $ 292 Average Days on Market (DOM) 180 Percent of Properties with Price Decrease 17 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 0% Median House Size (sq ft) 2884 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0
== == ==
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
±+
No change
3.0
Strong Buyer's
17.0
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price Market Action Index
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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
Characteristics per Quartile Quartile
Median Price
Top/First
$ 1,775,000
Upper/Second
$ 994,000
Lower/Third Bottom/Fourth
Sq. Ft.
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
5190 10 - 20 acres
5.0
5.2
8
19
2
0
231
Most expensive 25% of properties
3039
1.0 - 2.5 acres
4.0
3.0
28
19
6
1
126
Upper-middle 25% of properties
$ 726,950
2817
0.25 - 0.50 acre
4.0
3.0
30
20
4
3
206
Lower-middle 25% of properties
$ 432,000
1600
4,501 6,500 sqft
3.0
2.0
38
20
2
2
156
Least expensive 25% of properties
Ewing & Associates Sotheby's International Realty
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