MARKET UPDATEVivian's
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofAugust 08, 2011
· Presented by Vivian MorffiKeller Williams Realtywww.VivianMorffi.com/[email protected] x163
MARLBORO, NJ 07746
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Median List Price
Median Lot Size
13.8
Percent Relisted (reset DOM)
2793
2.5
7 %
Median Number of Bathrooms
186
Inventory of Properties Listed
$ 185
Percent Flip (price increased)
0.50 - 1.0 acre
Median House Size (sq ft)
$ 499,000
45 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
19 %
Percent of Properties with Price Decrease
Strong Buyer's
≠≠
±+
±+
==
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
7 15470
1312.5 28
3.0
4
132
4.0 52
231
2
1
1.0 - 2.5acres
25
$ 449,999
4
2
52
4.5
0.50 - 1.0acre
42.8
1846 0.25 - 0.50acre
52
$ 342,450
4.0
250
0.50 - 1.0acre$ 579,900
5.0$ 1,074,900
26
7
3122
Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.
Monday August 8, 2011
Vivian Morffi - Keller Williams Realty - [email protected]
51
2569
2.0
The median list price in MARLBORO,NJ 07746 this week is $499,000. The207 properties have been on themarket for an average of 186 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
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≠=
MARLBORO, NJ07746
Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
207
$ 2,500,000
$ 63,502
$ 645,013
22
Trend Key:
Home sales have been exceedingnew inventory for several weeks.Since this is a Buyer's market pricesare not yet moving higher as excessinventory is consumed. However, asthe supply and demand trendscontinue, the market moves into theSeller's zone, and we are likely tosee upward pressure on pricing.
Page 2 of 6
Single Family Homes in
Vivian Morffi - Keller Williams Realty - [email protected]
Neighborhood DetailMARLBORO, NJ
07746
Monday August 8, 2011
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6
Single Family Homes in
Vivian Morffi - Keller Williams Realty - [email protected]
Neighborhood DetailMARLBORO, NJ
07746
Monday August 8, 2011
Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 4 of 6
Single Family Homes in
Vivian Morffi - Keller Williams Realty - [email protected]
Neighborhood DetailMARLBORO, NJ
07746
Monday August 8, 2011
Market Action IndexThe MARLBORO, 07746 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market ActionIndex stands at 13.77. With several months of inventory available at the current sales rate, buyers should find ample choice.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. 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 characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.
Page 5 of 6
Single Family Homes in
Vivian Morffi - Keller Williams Realty - [email protected]
Neighborhood DetailMARLBORO, NJ
07746
Monday August 8, 2011
Days on MarketThe properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in thepast 119 or so days.
90-day Average7-day Average
Days on Market per QuartileIt 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
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Single Family Homes in