Appraiser Adjustment Matrix
Area Hemet - San Jacinto Date 12/15/2010
|
Square Footage |
0-3 Months |
4-6 Months |
Difference |
|
2800-3000 |
$175,000 |
$166,500 |
$8500 |
|
2600-2800 |
$165,000 |
$168,000 |
$-3000 |
|
difference |
$10,000 |
$-1500 |
////////////////// |
|
2400-2600 |
$162,000 |
$165,000 |
$-3000 |
|
difference |
$3000 |
$3000 |
////////////////// |
|
2200-2400 |
$155,000 |
$155,000 |
$0 |
|
difference |
$7000 |
$10,000 |
////////////////// |
|
2000-2200 |
$149,900 |
$150,000 |
$-100 |
|
Difference |
$5100 |
$5000 |
////////////////// |
|
1800-2000 |
$138,950 |
$143,500 |
$-4550 |
|
Difference |
$10,950 |
$6500 |
////////////////// |
|
1600-1800 |
$128,000 |
$130,000 |
$-2000 |
|
Difference |
$10,950 |
$10,950 |
////////////////// |
|
1400-1600 |
$120,000 |
$115,000 |
$5000 |
|
difference |
$8000 |
$15,000 |
////////////////// |
|
1200-1400 |
$101,000 |
$106,000 |
$-5000 |
|
difference |
$19,000 |
$9000 |
////////////////// |
|
Difference TOTAL |
$74,000 |
$60,500 |
$-4150 |
|
Divide by 8 |
$9250 |
$7562 |
////////////////// |
|
Divide by 9 |
////////////////// |
///////////////// |
$-46 |
|
Divide by 200 sq' |
= $ per Sq' $46 |
= $ per Sq' $38 |
////////////////// |
|
Divide by 90 days |
////////////////// |
///////////////// |
= $ per day $-5 |
Data used is median sales prices in the area - for either current to 3-months or 4-6 months; by house square footage ranges. In the gray boxes in the difference between the 2 median prices per the adjacent ranges. The difference in median sale prices per square foot was $46 in the most recent 3-month period ($48 in the prior 3-month period). Prices for the current 3-months vs. the prior 3-months finds prices on average going down $5 per day (or about: $150 per month). The number of single family homes sold in the past month was 200 this year vs. 251 last year. Most of the homes sold this year and last were REOs, The standard sales pull the highest prices, the REOs sell the fastest and the short sales are most of the current listings and take the longest to sell. Listings vs. 1-month of pending sales found we now have a standing inventory of 4.5 months - and this has been increasing over time.
|
|
Total Number |
% Standard |
% REO |
% Short Sales |
||
|
Active Listings |
854 |
15% |
22% |
49% |
||
|
Pending Sales |
187 |
12% |
52% |
23% |
||
|
Closed Sales |
200 |
14% |
55.5% |
21% |
||
|
Sold 1-year ago |
251 |
8% |
67% |
15.5% |
||
|
Median sold prices |
Standard Sq' |
REO per Sq' |
Short per Sq' |
Standard DOM |
REO DOM |
Short sales DOM |
|
2009 |
$71 |
$65 |
$62 |
49 |
34 |
138 |
|
2010 |
$78 |
$65 |
$68 |
57 |
49 |
159 |
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