8/7/2019 Fullerton California Real Estate Market Update
1/22
Current prices for homes on the mark
Trends in priciCurrent levels of supply and dema
Value metri
market updat
Adam Brett - Eric Urba
FULLERTO
Sunday February 6, 20
Report for the week
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2/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
The median single family home price
in FULLERTON this week is $499,950.
The 418 homes have been on the
market for an average of 162 days.
THIS WEEK
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 499,950
$ 577,315
$ 4,400,000
$ 160,000
418
162Average Days on Market
Asking Price per Square Foot $ 269
28Absorbed This Week*
Percent of Properties with Price Decrease 35 %
Percent Relisted (reset DOM) 10 %
Percent Flip (price increased) 8 %
City Overview FULLERTON
6,501 - 8,000 sq ft
Altos Research Value Statistics
Market Action Index
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,861
3.8
2.0
49
16Cold! Buyer's Market
Altos Research calculates the Market Action Index which measures available supplyrelative to the current level of demand. Index value above 30 indicates conditions favorthe seller. See the section below for full details.
Inventory has been decreasing lately
but the Market Action Index is fallingalso. With days-on-market climbing,
these are relatively negative
implications for the market.
To get a tightly targeted understanding
of homes in the market, we break eachlocale into quartiles. Each quartile is
25% of the homes listed.
QUARTILES
Characteristics per Quartile
Last Month's Trend Last Quarter's Trend
Trend Key
No Clear Monthly/Quarterly Trend
Bed BathMed.Sqft.
Med.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
*Metric "Absorbed this Week" covers properties sold and those taken off the market for other reasons.Since sales sometimes take months to close, it is impossible to discern in real-time exactly which propertiessold.
Most expensive 25% of homes3,000 4.0 3.0 23 104 4 88,001 - 10,000
sq ft$ 838,5001 170
Upper-middle 25% of homes2,123 4.0 3.0 38 104 4 36,501 - 8,000
sq ft$ 579,0002 161
Lower-middle 25% of homes1,516 3.0 2.0 56 105 9 86,501 - 8,000
sq ft$ 399,5003 152
Least expensive 25% of homes1,213 3.0 2.0 57 105 4 94,501 - 6500
sq ft$ 309,9004 166
We'll refer to the quartiles in the trend
graphs below.
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
3/22
8/7/2019 Fullerton California Real Estate Market Update
4/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
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 beforethe market moves from these levels.
PRICE AND VALUE
INVENTORY
Inventory has been falling in recent
weeks. Note that declining inventory
alone does not signal a strengthening
market. Look to the Market Action
Index and Days on Market trends to
gauge whether buyer interest is
changing with the available supply.
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
5/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
The FULLERTON market is currently
quite strongly in the Buyer's Market
zone (below 30). The 90-day Market
Action Index stands at 16. With several
months of inventory available at the
current sales rate, buyers should find
ample choice.
The Market Action Index has been
trending lower for several weeks while
prices have remained relatively stable.
If inventory continues to grow relative
to demand however, it is likely that wewill see downward pressure on pricing.
The Market Action Index (MAI) illustrates the balance between supply and demand using a
statistical function of the current rate of sale versus current inventory.
An MAI value greater than 30 typically indicates a Seller's Market (a.k.a. "Hot Market")because demand is high enough to quickly gobble up available supply. A hot market willtypically cause prices to rise. MAI values below 30 indicate a "Buyer's Market" (a.k.a. "ColdMarket") where the inventory of already-listed homes is sufficient to last several months atthe current rate of sales. A cold market will typically cause prices to fall.
MARKET ACTION INDEXResidential house prices are a function of supply and demand, and market conditions can becharacterized by analyzing those factors. Watch this index for sustained changes: if the indexfalls into the Buyers Market zone for a long period, prices are likely in for a downwardcorrection.
Not surprisingly given the overall
Market Action Index, all quartiles are in
the Buyer's Market zone with several
months of inventory given the current
rate of demand for homes in the
quartile. Watch the quartile for change
before the overall market shifts. Often
one end of the market (e.g. the low end)
will improve and signal a strengtheningmarket before the whole group changes
The quartiles can help you answer the question, "How hot is the market for homes in my pricerange?"
MARKET ACTION QUARTILES
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
6/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKET (DOM)
The properties have been on the
market for an average of 162 days. Half
of the listings have come newly on the
market in the past 126 or so days.
DOM 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.
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
7/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92835Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 627,000
$ 771,877
$ 3,590,000
$ 265,000
92
176Average Days on Market
Asking Price per Square Foot $ 280
4Absorbed This Week
The median single family home price
in FULLERTON 92835 this week is
$627,000.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
2,341
4.0
2.9
44Altos Research Value Statistics
8,001 - 10,000 sq ft
Market Action Index 14Cold! Buyer's Market
Inventory has been tightening and
days-on-market increasing recently.
The Market Action Index has been
basically flat, not providing strongindication for market conditions.
PRICE
Again this week in this zip code we see
a downward notch for prices. Pricing
has been weak in recent weeks and
versus their absolute-high level. At thispoint, we will be looking for a persisten
upward shift in the Market Action
Index as a leading indicator for a
trough in prices.
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
8/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices across the quartiles of this zip
code not tightly correlated recently.
Prices in Quartile 1 and 4 have been
mixed recently, while the rest of the
market is trending downward. Look to astrong, persistent up shift in the Marke
Action Index as a leading indicator of
the trough in the market.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes0.25 - 0.50acre3,632 4.0 5.0 13 23 1 1$ 1,099,0001 201
Upper-middle 25% of homes2,505 4.0 3.0 45 23 0 28,001 - 10,000
sq ft$ 715,9992 142
Lower-middle 25% of homes2,022 4.0 3.0 46 23 2 08,001 - 10,000
sq ft$ 562,0003 196
Least expensive 25% of homes1,807 4.0 2.0 45 23 2 16,501 - 8,000
sq ft$ 469,9004 165
The market's downward trends are
shared across both price and value.
People are recently placing less value
on homes (you can see the recent
declines in price per square foot as
evidence.) Look for significant changes
in the Market Action Index as a
precursor to price and value changes,
possibly as inflection points for good
investment opportunities.
PRICE AND VALUE
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
9/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been climbing lately with
92 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up withavailable supply.
The FULLERTON 92835 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 14. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
10/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 176 days. Half of the
listings have come newly on the market
in the past 140 or so days. Watch the 90
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
11/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92833Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 419,450
$ 495,705
$ 1,150,000
$ 190,000
182
174Average Days on Market
Asking Price per Square Foot $ 260
16Absorbed This Week
The median single family home price
in FULLERTON 92833 this week is
$419,450.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,645
3.4
2.0
47Altos Research Value Statistics
6,501 - 8,000 sq ft
Market Action Index 18Cold! Buyer's Market
Inventory has been tightening and
days-on-market increasing recently.
The Market Action Index has been
basically flat, not providing strongindication for market conditions.
PRICE
This week prices in this zip code
bumped up a bit but the trend of recent
weeks is generally downward. A pickup
in demand will be reflected in theMarket Action Index, so watch that
chart to try to identify a trough in the
market.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
12/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices in this zip code generally settled
at a plateau, although Quartile 2 has
been trending a bit downward in recen
weeks. We'll need to see a persistent
shift in the Market Action Index beforewe see prices across the board move
from these levels.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes2,891 4.0 3.0 9 45 3 46,501 - 8,000
sq ft$ 729,0001 211
Upper-middle 25% of homes2,079 4.0 3.0 33 45 2 36,501 - 8,000
sq ft$ 559,0002 149
Lower-middle 25% of homes1,449 3.0 2.0 57 46 2 36,501 - 8,000
sq ft$ 359,9003 161
Least expensive 25% of homes1,187 3.0 2.0 57 46 2 64,501 - 6500
sq ft$ 302,5004 175
Despite recently falling prices, the price
per square foot has stayed reasonably
flat. This implies that there's a portion
of the market being priced at a
premium. You can investigate this
condition in the quartile details.
PRICE AND VALUE
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
13/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been steady around thes
levels in recent weeks with 182
properties currently available.
The FULLERTON 92833 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 18. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
14/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 173 days. Half of the
listings have come newly on the market
in the past 126 or so days. Watch the 90
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
15/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92832Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 348,900
$ 393,319
$ 875,000
$ 235,000
56
147Average Days on Market
Asking Price per Square Foot $ 262
3Absorbed This Week
The median single family home price
in FULLERTON 92832 this week is
$348,900.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,346
3.0
1.9
57Altos Research Value Statistics
6,501 - 8,000 sq ft
Market Action Index 17Cold! Buyer's Market
Inventory has been tightening and
days-on-market increasing recently.
The Market Action Index has been
basically flat, not providing strongindication for market conditions.
PRICE
We continue to see prices in this zip
code bouncing around this plateau.
Look for a persistent up-shift in the
Market Action Index before we seeprices move from these levels.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
16/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices in this zip code generally settled
at a plateau, although Quartile 2 has
been trending a bit downward in recen
weeks. We'll need to see a persistent
shift in the Market Action Index beforewe see prices across the board move
from these levels.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes2,100 3.0 2.5 57 14 0 16,501 - 8,000
sq ft$ 574,4001 104
Upper-middle 25% of homes1,475 3.0 2.0 58 14 2 16,501 - 8,000
sq ft$ 372,0002 164
Lower-middle 25% of homes1,268 3.0 2.0 57 14 0 06,501 - 8,000
sq ft$ 317,0003 166
Least expensive 25% of homes1,138 3.0 1.5 56 14 1 14,501 - 6500
sq ft$ 272,0004 156
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.
PRICE AND VALUE
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
17/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been climbing lately with
56 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up withavailable supply.
The FULLERTON 92832 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 17. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
18/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 147 days. Half of the
listings have come newly on the market
in the past 126 or so days. Watch the 90
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
19/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
92831Neighborhood DetailFULLERTON
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 507,500
$ 659,783
$ 4,400,000
$ 160,000
88
136Average Days on Market
Asking Price per Square Foot $ 282
5Absorbed This Week
The median single family home price
in FULLERTON 92831 this week is
$507,500.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,890
3.0
2.2
51Altos Research Value Statistics
6,501 - 8,000 sq ft
Market Action Index 14Cold! Buyer's Market
Inventory has been decreasing lately
but the Market Action Index is falling
also. With days-on-market climbing,
these are relatively negativeimplications for the market.
PRICE
Again this week in this zip code we see
a downward notch for prices. Pricing
has been weak in recent weeks and
versus their absolute-high level. At thispoint, we will be looking for a persisten
upward shift in the Market Action
Index as a leading indicator for a
trough in prices.
1Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
20/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
PRICE PER QUARTILE
In the quartile market segments, we see
prices across the quartiles of this zip
code not tightly correlated recently.
Prices in Quartile 1 and 4 have been
mixed recently, while the rest of the
market is trending downward. Look to astrong, persistent up shift in the Marke
Action Index as a leading indicator of
the trough in the market.
QUARTILESCharacteristics per Quartile
Bed BathMed. SqftMed.Age Inven. New
Ab-sorbedMed. Lot SizeMedian PriceQuart
Avg.DoM
Most expensive 25% of homes0.25 - 0.50acre3,054 4.0 4.0 34 22 1 0$ 842,4501 113
Upper-middle 25% of homes2,136 4.0 2.8 48 22 0 28,001 - 10,000
sq ft$ 569,5002 154
Lower-middle 25% of homes1,452 3.0 2.0 56 22 4 26,501 - 8,000
sq ft$ 424,9503 175
Least expensive 25% of homes1,292 3.0 2.0 56 22 0 16,501 - 8,000
sq ft$ 329,5004 102
The market's downward trends are
shared across both price and value.
People are recently placing less value
on homes (you can see the recent
declines in price per square foot as
evidence.) Look for significant changes
in the Market Action Index as a
precursor to price and value changes,
possibly as inflection points for good
investment opportunities.
PRICE AND VALUE
2Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
21/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
INVENTORY
Inventory has been climbing lately with
88 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up withavailable supply.
The FULLERTON 92831 is quite strongly
in the Buyer's Market zone. The 90-day
Market Action Index stands at 14. With
several months of inventory availableat the current sales rate, buyers should
find ample choice.
MARKET ACTION INDEX
MARKET ACTION QUARTILES
Not surprisingly, all quartiles are in theBuyer's Market zone with several
months of inventory given the current
levels of demand. Watch the quartiles
for changes before the overall market
shifts.
2Adam Brett - Eric Urban Market Update for FULLERTON
8/7/2019 Fullerton California Real Estate Market Update
22/22
Adam Brett - Eric Urban | www.RealtorAdam.com | 714.496.8116
DAYS ON MARKETThe properties have been on the marke
for an average of 136 days. Half of the
listings have come newly on the market
in the past 105 or so days. Watch the 90
day DOM trend for signals of a changin
market.
DAYS ON MARKET
It is not uncommon for
the higher priced homes in an area
(Quartiles 1 and 2) to take longer to
sell than those in the lower quartiles.
About Altos Research CorporationAltos Research Corp. reports real-time analysis of the residential real estate market in local markets acrossthe country. All information contained herein is based on properties currently listed for sale and available
publicly. When evaluating a particular property, make sure you use comparable sales data in addition tothe market trend information available in this report. The data presented in this report is accurate to thebest of our knowledge, but cannot be guaranteed as such. Use this report as one input in the real estatedecision making process, but do not rely on it for accuracy. Nothing in this report or any other AltosResearch publication is a recommendation to buy or to sell real estate. We recommend you work with alicensed real estate agent or broker.
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