San Jacinto, CA - Market Action Index per Quartile September 28, 2009

By
Real Estate Agent with Mason Real Estate CA BRE 01444168

San Jacinto, CA - Market Action Index per Quartile  September 28, 2009

San Jacinto Ca real estate market has definitely shifted from being a buyers market to a sellers market.  On the home page of my website, JohnOcchi.Com I have added a new feature available through AltosResearch that updates weekly.

Viewers have the opportunity to subscribe and receive a detailed report sent directly to their email box, once a week.  The data is amazing.  It allows anyone who is interested the ability to accurately track the local San Jacinto, CA market conditions to include pricing, levels of supply and demand as was a number of different value metrics.

The current report is available right now for the week ending September 28,th 2009.

MARKET OVERVIEW

The "Market Action Index " is the result of an automated review of numerous statistics which currently have the real estate market very close to shifting from a buyers market to a sellers market, in San Jacinto CA


INVENTORY REVIEW BY QUARTILE

The Quartile is a statistic that breaks the whole into four equal segments and looks at each separately.  In other words what is happening at the top of the market is typically not what is happening at the bottom of the market, and visa versa.  The same can be said for the middle of the market.  The theory is that each quarter of the market is a unique market in and of itself. 

Take a look...





SUPPLY AND DEMAND

By looking at the above chart here is proof positive that the demand for new housing has exceeded the inventory of homes entering the local San Jacinto, CA real estate market.  Until the excess inventory is consumed, prices will not dramatically increase.  This principal of ‘supply and demand' will have a direct impact on overall pricing as inventory levels decrease turning the favor of the market from the buyer to the seller.

Of course, there is still an expectation of many new listings entering the market as the banks continue to foreclose and take possession of REO homes.


MARKET ACTION INDEX

As mentioned earlier, this is the index of numerous statistics looking at the overall San Jacinto CA Real Estate market, citywide.  When you subscribe to the free report on my website, you will have access to all of this information and more broken down by zip code.




DAYS ON MARKET

This number may seem very high to some - it does to me, as an REO Listing Agent it is rare for a property to be on the market for a couple of weeks without multiple offers.  The conclusion is that this data looks at all listings - to include the multitude of short sales that have very little opportunity of ever going into escrow...let alone closing escrow.



Interesting to see how things are today in comparison to a year earlier...

If you want to see more details, then please visit JohnOcchi.Com and register for the full multi-page report and have it delivered automatically, once a week straight to your email box.

Until Next Time, Have a Blessed Day,

John Occhi, Hemet CA REALTOR®

 This blog and the contents written here is the intellectual property of John Occhi, Hemet - San Jacinto Valley REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 

This blog is part of the ActiveRain Real Estate Network, which is a social network highlighting the best of Web 2.0.  Information is provided with the intent of educating and assisting home owners, home sellers, home buyers and real estate investors with information the can be used to make better real estate decisions. 

I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

 

 

Posted by

Until Next Time, Have a Blessed Day,

John Occhi, ePRO, REALTOR®
DRE Lic No: 01444168


ePro,John Occhi,www.johnocchi.com,realtor      Certified Probate Real Estate Specialist Logo Awarded to John OcchiFive Star Logo,Certification,REO,Five Star Institute     

Excellence in Real Estate,Team Log,John Occhi,www.johnocchi.com,hemet,san jacinto,CA  

This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 


I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

 Protected by Copyscape plagiarism checker - duplicate content and unique article detection software.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Riverside County San Jacinto
Groups:
CALIFORNIA REAL ESTATE
City and State
Everything California
Free Real Estate Tips and Information
Local Expert
Tags:
market report
san jacinto
ca
dom
inventory
market action index
quartile

Spam prevention
Show All Comments
Ambassador
1,544,185
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi John, Are you doing the free weekly updates or did you do the monthly subscription. I love what they do and they can even customize these graphs allowing them to be tailored to benefit the local consumers as well as those that read and understand the statistical impact of guiding their decision making.

Sep 29, 2009 03:59 PM #1
Rainmaker
312,455
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Hi William - yes I stepped up to the weekly updates.  I feel like a statistic geek these days - but lots of good info to help in the decision making process.  I am working with a lot of investors now, so the more tools I can provide the better for my business.

Sep 29, 2009 06:21 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?