As of November 9, 2009 luxury real estate markets in Del Mar, Coronado, La Jolla, and Rancho Santa Fe continue to show upward active market index trends. The Rancho Santa Fe market has shown the most improvement while Coronado has dipped slightly.
Altos Research has also developed a proprietary index, The Market Action IndexTM that gives you an at-a-glance answer to the question, “How’s the market?” The higher the Index goes, the hotter the market. Like a thermometer, the measurable scales goes from zero to over 100. They set a threshold at an index value at 30 above which demand is high enough to call a “Seller’s Market” and below which is a “Buyer’s Market.” Sometimes demand climbs really high, properties stay on the market for only a matter of days, in those instances you may see an index value over 100.
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