market update Current prices for properties on the market Trends in pricing Current levels of supply and demand Report for the week ending Sunday March 7, 2010 VISITACION VALLEY / PORTOLA Full Details for Zip Code 94134 Neighborhood Detail Real-Time Market Profile THIS WEEK Single Family The median single family home price in the neighborhood this week is $530000. There are 37 homes for sale and they've been on the market for an average of 216 days. Median List Price $530,000 Average List Price $544,978 Least Expensive Listing $295,000 Most Expensive Listing $890,000 Price per Square Foot $373 Average Days on Market 216 Total Inventory 37 Sold This Week 2 Median Sq ft 1,267 Bedrooms 3 Bathrooms 2 Median Age 64 Real-Time Market Profile THIS WEEK Condos The median condominium price this week is $449000. There are 21 condos for sale, on the market for an average of 202 days. Median List Price $449,000 Average List Price $436,506 Least Expensive Listing $319,000 Most Expensive Listing $559,900 Price per Square Foot $369 Average Days on Market 202 Total Inventory 21 Sold This Week 1 Median Sq ft 1,063 Bedrooms 2 Bathrooms 2 Median Age 9 QUARTILES To get a tightly targeted understanding of homes in the market, we break each locale into quartiles, where each quartile is 25% of the homes listed. Single Family Homes - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $758,000 2,400 5.0 3.0 84 9 0 0 181 Most expensive 25% of homes 2 $579,000 1,287 3.0 2.0 60 9 0 0 181 Upper-middle 25% of homes 3 $475,000 1,050 2.0 1.0 65 9 1 2 55 Lower-middle 25% of homes 4 $394,500 1,154 2.0 1.0 64 10 0 0 139 Least expensive 25% of homes Condominiums - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $548,000 1,156 2.0 2.0 3 5 0 0 97 Most expensive 25% condos 2 $499,000 1,210 2.0 2.0 3 5 0 1 41 Upper-middle 25% condos 3 $379,000 1,063 2.0 2.0 9 5 0 0 517 Lower-middle 25% condos 4 $350,000 1,013 2.0 2.0 16 6 0 0 79 Least expensive 25% condos PRICE The median single family home price in 94134 this week is $530000. The median price of all condos on the market is $449000. INVENTORY There are 37 single family homes available in the neighborhood this week and 21 condominiums on the market. DAYS ON MARKET The single family homes have been on the market for an average of 216 days. Half of the listings have been on the market less than 12 weeks. The currently available condos have been on the market for an average of 202 days. Half of the condo listings have been on the market less than 15 weeks. CITY OVERVIEW - SAN FRANCISCO Real-Time Market Profile THIS WEEK Single Family Condos The median single family home price in SAN FRANCISCO this week is $799925. There are 538 homes for sale in the city and they've been on the market for an average of 141 days. Median List Price $799,925 $649,000 Average List Price $1,188,277 $833,421 Least Expensive Listing $169,000 $153,000 Most Expensive Listing $14,000,000 $8,500,000 Price per Square Foot $500 $606 Average Days on Market 141 156 The median condominium price this week is $649000. There are 949 condos for sale, on the market for an average of 156 days. Total Inventory 538 949 Sold This Week 60 55 Median Sq ft 1,628 1,114 Bedrooms 3 2 Bathrooms 2 1 Median Age 82 24 QUARTILES To get a tightly targeted understanding of homes in the market, we break each locale into quartiles—where each quartile is 25% of the homes listed. Single Family Homes - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $1,885,000 2,952 4.0 3.5 95 134 8 13 125 Most expensive 25% of homes 2 $975,000 1,918 3.0 2.0 72 134 12 15 51 Upper-middle 25% of homes 3 $699,000 1,397 3.0 2.0 70 135 8 14 48 Lower-middle 25% of homes 4 $449,000 1,107 2.0 1.0 82 135 14 18 90 Least expensive 25% of homes Condominium - Quartiles Quartile Median Price Med. Sqft Beds Baths Med. Age Inven. Newly Listed Sold Days on Mkt-Approx 1 $1,259,000 1,720 2.0 2.0 11 237 16 12 83 Most expensive 25% condos 2 $750,000 1,250 2.0 2.0 27 237 19 16 48 Upper-middle 25% condos 3 $572,000 972 2.0 1.0 28 237 10 11 97 Lower-middle 25% condos 4 $399,000 738 1.0 1.0 28 238 7 16 125 Least expensive 25% condos PRICE The median single family home price in SAN FRANCISCO this week is $799009. The median price of all condos in the city this week is $616230. PRICE AND VALUE Price per square foot is a measure of the value placed on properties. Watch for changes in the long term trends of price per square foot as signals of changes in the market. The median price per square foot for single family homes this week is $486. For condos the median price per square foot is $597. INVENTORY Notice that all markets have seasonal fluctuations in inventory (fewer homes are for sale in winter, for example) so a change in inventory alone does not signal strength or weakness. There are 538 single family homes available this week. And 949 condominiums on the market in SAN FRANCISCO. DAYS ON MARKET The single family homes have been on the market for an average of 141 days. Half of the listings have been on the market less than 9 weeks. The currently available condos have been on the market for an average of 156 days. Half of the condo listings have been on the market less than 14 weeks. DAYS ON MARKET Look for different trends for Days on Market at the different price points of the market Quartiles. About This Report Report contents Copyright 2006-2009 Altos Research Corp. all rights reserved. All information contained herein is based on properties currently listed for sale on the Multiple Listing Service. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estate decision making process, but do not rely on it for accuracy. This report is for information purposes only and is not a recommendation to buy or sell property. We recommend you work with a licensed real estate agent. Report data sourced on: March 05, 2010 For more information visit www.altosresearch.com