Scribd Logo
Upload

Welcome to Scribd!

  • 26 views

    Mission Viejo - Condo

    Uploaded by

    Deborah Lynn Thomas
    The real estate market for condos and townhomes in Mission Viejo, CA is currently cooling, with the median listing price at $529,900. While inventory has been decreasing, the average days on market has been climbing, suggesting slightly negative market conditions. The market is currently in the seller's zone, so prices may begin to drop if demand continues to weaken.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mission Viejo - Condo

    Uploaded by

    Deborah Lynn Thomas
    26 views17 pages
    The real estate market for condos and townhomes in Mission Viejo, CA is currently cooling, with the median listing price at $529,900. While inventory has been decreasing, the average days on market has been climbing, suggesting slightly negative market conditions. The market is currently in the seller's zone, so prices may begin to drop if demand continues to weaken.

    Original Description:

    mv

    Original Title

    Mission Viejo - Condo (15)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The real estate market for condos and townhomes in Mission Viejo, CA is currently cooling, with the median listing price at $529,900. While inventory has been decreasing, the average days on market has been climbing, suggesting slightly negative market conditions. The market is currently in the seller's zone, so prices may begin to drop if demand continues to weaken.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views17 pages

    Mission Viejo - Condo

    Uploaded by

    Deborah Lynn Thomas
    The real estate market for condos and townhomes in Mission Viejo, CA is currently cooling, with the median listing price at $529,900. While inventory has been decreasing, the average days on market has been climbing, suggesting slightly negative market conditions. The market is currently in the seller's zone, so prices may begin to drop if demand continues to weaken.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    0RQGD\2FWREHU

    <RXU/RFDO0DUNHW
    V MISSION VIEJO, CA
    ([HFXWLYH6XPPDU\ Condos - Townhomes

    7KLV:HHN
    5HDO7LPH0DUNHW3URILOH 7UHQG
    0HGLDQ/LVW3ULFH  r
    $VNLQJ3ULFH3HU6TXDUH)RRW  r
    7KHPHGLDQOLVWSULFHLQ0,66,219,(-2&$WKLVZHHNLV $YHUDJH'D\VRQ0DUNHW '20  
    3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
    3HUFHQW5HOLVWHG UHVHW'20 
    ,QYHQWRU\KDVEHHQGHFUHDVLQJODWHO\EXWWKH0DUNHW$FWLRQ,QGH[LV
    IDOOLQJDOVR:LWKGD\VRQPDUNHWFOLPELQJWKHVHDUHUHODWLYHO\ 3HUFHQW)OLS SULFHLQFUHDVHG 
    QHJDWLYHLPSOLFDWLRQVIRUWKHPDUNHW 0HGLDQ+RXVH6L]H VTIW 
    0HGLDQ1XPEHURI%HGURRPV 
    0HGLDQ1XPEHURI%DWKURRPV 
    0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU
    V  nn

    6XSSO\DQG'HPDQG
    7KHPDUNHWKDVEHHQFRROLQJRYHUWLPHDQGSULFHVSODWHDXHGIRUD r 1RFKDQJH  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG
    ZKLOH'HVSLWHWKHFRQVLVWHQWGHFUHDVHLQ0$,ZH
    UHLQWKH6HOOHU
    V
    ]RQH:DWFKIRUFKDQJHVLQ0$,,IWKH0$,UHVXPHVLW
    VFOLPESULFHV  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG
    ZLOOOLNHO\IROORZVXLW,IWKH0$,GURSVFRQVLVWHQWO\RUIDOOVLQWRWKH
    %X\HU
    V]RQHZDWFKIRUGRZQZDUGSUHVVXUHRQSULFHV

    3ULFH
    0DUNHW$FWLRQ,QGH[ 7KHPDUNHWDSSHDUVWREHKRYHULQJDURXQGWKLVSODWHDX/RRNIRU
    DSHUVLVWHQWFKDQJHLQWKH0DUNHW$FWLRQ,QGH[EHIRUHZHVHH
    SULFHVGHYLDWHIURPWKHVHOHYHOV

    3ULFH7UHQGV

    'D\5ROOLQJ$YHUDJH 'D\5ROOLQJ$YHUDJH %X\HU6HOOHU&XWRII

    7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
    VWKH
    0DUNHW"E\PHDVXULQJWKHFXUUHQWUDWHRIVDOHYHUVXVWKH
    DPRXQWRIWKHLQYHQWRU\,QGH[DERYHLPSOLHV6HOOHU
    V
    0DUNHWFRQGLWLRQV%HORZFRQGLWLRQVIDYRUWKHEX\HU

    4XDUWLOHV
    'D\5ROOLQJ$YHUDJH 'D\5ROOLQJ$YHUDJH

    &KDUDFWHULVWLFVSHU4XDUWLOH ,QYHVWLJDWHWKHPDUNHWLQTXDUWLOHV
    ZKHUHHDFKTXDUWLOHLVRIKRPHV
    RUGHUHGE\SULFH
    4XDUWLOH 0HGLDQ3ULFH 6TXDUH)HHW %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20

    7RS)LUVW          0RVWH[SHQVLYHRISURSHUWLHV

    8SSHU6HFRQG          8SSHUPLGGOHRISURSHUWLHV

    /RZHU7KLUG          /RZHUPLGGOHRISURSHUWLHV

    %RWWRP)RXUWK          /HDVWH[SHQVLYHRISURSHUWLHV

    3RZHUHGE\$OWRV5HVHDUFK//&_ZZZDOWRVUHVHDUFKFRP_&RS\ULJKW$OWRV5HVHDUFK//&
    <RXU/RFDO0DUNHW
    V
    0$5.(783'$7(
    0,66,219,(-2&$

    &XUUHQW5HDO(VWDWH0DUNHW&RQGLWLRQVIRU&RQGRV 7RZQKRPHV
    7UHQGVLQ3ULFLQJ
    &XUUHQW/HYHOVRI6XSSO\DQG'HPDQG
    9DOXH0HWULFV

    5HSRUWIRUWKHZHHNRI
    2FWREHU

    3UHVHQWHGE\<RXU/RFDO0DUNHW5HSRUWV
    
    
    

    3RZHUHGE\$OWRV5HVHDUFK//&_ZZZDOWRVUHVHDUFKFRP_&RS\ULJKW$OWRV5HVHDUFK//&
    &LW\2YHUYLHZ &RQGRV 7RZQKRPHVLQ

    
    0,66,219,(-2&$

    7KLV:HHN 5HDO7LPH0DUNHW3URILOH 7UHQG


    7KHPHGLDQOLVWSULFHLQ0,66,21 0HGLDQ/LVW3ULFH  r
    9,(-2&$WKLVZHHNLV7KH $YHUDJH/LVW3ULFH 
    SURSHUWLHVKDYHEHHQRQWKH $VNLQJ3ULFH3HU6TXDUH)RRW  r

    PDUNHWIRUDQDYHUDJHRIGD\V $YHUDJH'D\VRQ0DUNHW 'R0  

    ,QYHQWRU\RI3URSHUWLHV/LVWHG  nn

    0RVW([SHQVLYH/LVWLQJ 
    ,QYHQWRU\KDVEHHQGHFUHDVLQJODWHO\ /HDVW([SHQVLYH/LVWLQJ 

    EXWWKH0DUNHW$FWLRQ,QGH[LVIDOOLQJ $YHUDJH$JHRI/LVWLQJ 
    DOVR:LWKGD\VRQPDUNHWFOLPELQJ 3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
    WKHVHDUHUHODWLYHO\QHJDWLYH 3HUFHQW5HOLVWHG UHVHW'20 
    LPSOLFDWLRQVIRUWKHPDUNHW 3HUFHQW)OLS SULFHLQFUHDVHG 
    0HGLDQ+RXVH6L]H VTIW 
    0HGLDQ1XPEHURI%HGURRPV 
    0HGLDQ1XPEHURI%DWKURRPV 

    6XSSO\DQG'HPDQG $OWRV5HVHDUFK9DOXH6WDWLVWLFV
    7KHPDUNHWKDVEHHQFRROLQJRYHU 0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU
    V  nn

    WLPHDQGSULFHVKDYHUHFHQWO\ 7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
    VWKH0DUNHW"E\PHDVXULQJ
    WKHFXUUHQWUDWHRIVDOHYHUVXVWKHDPRXQWRIWKHLQYHQWRU\,QGH[DERYH
    IODWWHQHG'HVSLWHWKHFRQVLVWHQW LPSOLHVDVHOOHU
    VDGYDQWDJH%HORZFRQGLWLRQVJLYHWKHDGYDQWDJHWRWKH
    GHFUHDVHLQ0DUNHW$FWLRQ,QGH[ EX\HU
    0$, ZH
    UHLQD6HOOHU
    V0DUNHW
    ZKHUHVLJQLILFDQWGHPDQGOHDYHV 7UHQG.H\  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG
    OLWWOHLQYHQWRU\DYDLODEOH ,IWKH r 1RFKDQJH  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG
    0$,EHJLQVWRFOLPESULFHVZLOOOLNHO\
    IROORZVXLW,IWKH0$,GURSV
    FRQVLVWHQWO\RUIDOOVLQWRWKH%X\HU
    V
    ]RQHZDWFKIRUGRZQZDUGSUHVVXUH

    &KDUDFWHULVWLFVSHU4XDUWLOH

    4XDUWLOH 0HGLDQ3ULFH 6T)W %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20

    7RS)LUVW          0RVWH[SHQVLYHRISURSHUWLHV

    8SSHU6HFRQG          8SSHUPLGGOHRISURSHUWLHV

    /RZHU7KLUG          /RZHUPLGGOHRISURSHUWLHV

    %RWWRP)RXUWK          /HDVWH[SHQVLYHRISURSHUWLHV

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    &LW\2YHUYLHZ
    
    0,66,219,(-2&$

    0HGLDQ3ULFH
    7KHPDUNHWVHHPVWRKDYHSDXVHGDURXQGWKLVSODWHDX7KH0DUNHW$FWLRQ,QGH[LVDJRRGOHDGLQJLQGLFDWRUIRUWKHGXUDELOLW\RI
    WKLVWUHQG

    GD\$YHUDJH GD\$YHUDJH

    4XDUWLOH3ULFHV
    3ULFHVKDYHVHWWOHGDWDSULFHSODWHDXDFURVVWKHERDUG3ULFHVLQDOOIRXUTXDUWLOHVDUHEDVLFDOO\PL[HG/RRNIRUDSHUVLVWHQWVKLIW
    XSRUGRZQ LQWKH0DUNHW$FWLRQ,QGH[EHIRUHSULFHVPRYHIURPWKHVHFXUUHQWOHYHOV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    &LW\2YHUYLHZ
    
    0,66,219,(-2&$

    3ULFHSHU6TXDUH)RRW
    7KHPDUNHWSODWHDXLVVHHQDFURVVWKHSULFHDQGYDOXH7KHSULFHSHUVTXDUHIRRWDQGPHGLDQOLVWSULFHKDYHERWKEHHQ
    UHDVRQDEO\VWDJQDQW:DWFKWKH0DUNHW$FWLRQ,QGH[IRUSHUVLVWHQWFKDQJHVDVDOHDGLQJLQGLFDWRUEHIRUHWKHPDUNHWPRYHVIURP
    WKHVHOHYHOV

    GD\$YHUDJH GD\$YHUDJH

    ,QYHQWRU\RI3URSHUWLHV/LVWHGIRU6DOH
    ,QYHQWRU\KDVEHHQIDOOLQJLQUHFHQWZHHNV1RWHWKDWGHFOLQLQJLQYHQWRU\DORQHGRHVQRWVLJQDODVWUHQJWKHQLQJPDUNHW/RRNWR
    WKH0DUNHW$FWLRQ,QGH[DQG'D\VRQ0DUNHWWUHQGVWRJDXJHZKHWKHUEX\HULQWHUHVWLVFKDQJLQJZLWKWKHDYDLODEOHVXSSO\

    GD\$YHUDJH GD\$YHUDJH

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    &LW\2YHUYLHZ
    
    0,66,219,(-2&$

    0DUNHW$FWLRQ,QGH[
    7KH0,66,219,(-2PDUNHWLVFXUUHQWO\TXLWHVWURQJO\LQWKH6HOOHU
    V$GYDQWDJH]RQH JUHDWHUWKDQ 7KHGD\0DUNHW$FWLRQ
    ,QGH[VWDQGVDWLQGLFDWLQJYHU\OLWWOHVXSSO\UHODWLYHWRWKHGHPDQG

    GD\$YHUDJH %X\HUV6HOOHUV&XWRII

    0DUNHW$FWLRQ,QGH[SHU4XDUWLOH
    1RWVXUSULVLQJO\DOOVHJPHQWVLQWKHPDUNHWDUHVKRZLQJKLJKOHYHOVRIGHPDQG:DWFKWKHTXDUWLOHVIRUFKDQJHVEHIRUHWKH
    ZKROHPDUNHWFKDQJHV2IWHQRQHHQGRIWKHPDUNHW HJWKHKLJKHQG ZLOOZHDNHQEHIRUHWKHUHVWRIWKHPDUNHWDQGVLJQDOD
    VORZGRZQIRUWKHZKROHJURXS

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    %X\HUV6HOOHUV&XWRII
    5HVLGHQWLDOKRXVHSULFHVDUHDIXQFWLRQRIVXSSO\DQGGHPDQGDQGPDUNHWFRQGLWLRQVFDQEHFKDUDFWHUL]HG
    E\DQDO\]LQJWKRVHIDFWRUV:DWFKWKLVLQGH[IRUVXVWDLQHGFKDQJHVLIWKHLQGH[IDOOVLQWRWKH%X\HUV
    $GYDQWDJH]RQH EHORZ IRUDORQJSHULRGSULFHVDUHOLNHO\LQIRUDGRZQZDUGFRUUHFWLRQ

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    &LW\2YHUYLHZ
    
    0,66,219,(-2&$

    'D\VRQ0DUNHW
    7KHSURSHUWLHVKDYHEHHQRQWKHPDUNHWIRUDQDYHUDJHRIGD\V+DOIRIWKHOLVWLQJVKDYHFRPHQHZO\RQWKHPDUNHWLQWKH
    SDVWRUVRGD\V

    GD\$YHUDJH GD\$YHUDJH

    'D\VRQ0DUNHWSHU4XDUWLOH
    ,WLVQRWXQFRPPRQIRUWKHKLJKHUSULFHGKRPHVLQDQDUHDWRWDNHORQJHUWRVHOOWKDQWKRVHLQWKHORZHUTXDUWLOHV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU


    1HLJKERUKRRG'HWDLO &RQGRV 7RZQKRPHVLQ

    
    0,66,219,(-2&$
    

    7KLV:HHN 5HDO7LPH0DUNHW3URILOH 7UHQG


    7KHPHGLDQOLVWSULFHLQ0,66,21 0HGLDQ/LVW3ULFH  r
    9,(-2&$WKLVZHHNLV $YHUDJH/LVW3ULFH 
    7KHSURSHUWLHVKDYH $VNLQJ3ULFH3HU6TXDUH)RRW  n

    EHHQRQWKHPDUNHWIRUDQDYHUDJHRI $YHUDJH'D\VRQ0DUNHW 'R0  


    GD\V ,QYHQWRU\RI3URSHUWLHV/LVWHG  nn

    0RVW([SHQVLYH/LVWLQJ 
    ,QYHQWRU\KDVEHHQOLJKWHQLQJODWHO\ /HDVW([SHQVLYH/LVWLQJ 

    DQGWKH0DUNHW$FWLRQ,QGH[KDVEHHQ $YHUDJH$JHRI/LVWLQJ 
    WUHQGLQJXS7KRXJKGD\VRQPDUNHW 3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
    LVLQFUHDVLQJWKHVHDUHPLOGO\SRVLWLYH 3HUFHQW5HOLVWHG UHVHW'20 
    LQGLFDWLRQVIRUWKHPDUNHW 3HUFHQW)OLS SULFHLQFUHDVHG 
    0HGLDQ+RXVH6L]H VTIW 
    0HGLDQ1XPEHURI%HGURRPV 
    0HGLDQ1XPEHURI%DWKURRPV 

    6XSSO\DQG'HPDQG $OWRV5HVHDUFK9DOXH6WDWLVWLFV
    :KLOHWKH0DUNHW$FWLRQ,QGH[VKRZV 0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU
    V  

    VRPHVWUHQJWKHQLQJLQWKHODVWIHZ 7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
    VWKH0DUNHW"E\PHDVXULQJ
    WKHFXUUHQWUDWHRIVDOHYHUVXVWKHDPRXQWRIWKHLQYHQWRU\,QGH[DERYH
    ZHHNVSULFHVKDYHVHWWOHGLQDELWRI LPSOLHVDVHOOHU
    VDGYDQWDJH%HORZFRQGLWLRQVJLYHWKHDGYDQWDJHWRWKH
    DSODWHDX:HDUHFXUUHQWO\LQD EX\HU
    6HOOHU
    VPDUNHWVRSULFHVZLOOOLNHO\
    UHVXPHWKHLUFOLPEVKRXOGWKLVWUHQG 7UHQG.H\  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG
    SHUVLVW r 1RFKDQJH  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG

    &KDUDFWHULVWLFVSHU4XDUWLOH

    4XDUWLOH 0HGLDQ3ULFH 6T)W %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20

    7RS)LUVW          0RVWH[SHQVLYHRISURSHUWLHV

    8SSHU6HFRQG          8SSHUPLGGOHRISURSHUWLHV

    /RZHU7KLUG          /RZHUPLGGOHRISURSHUWLHV

    %RWWRP)RXUWK          /HDVWH[SHQVLYHRISURSHUWLHV

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    0HGLDQ3ULFH
    ,QWKHODVWIHZZHHNVZH
    YHVHHQSULFHVLQWKLV]LSFRGHERXQFLQJDURXQGWKHVHFXUUHQWOHYHOV/RRNIRUDSHUVLVWHQWFKDQJHLQWKH
    0DUNHW$FWLRQ,QGH[EHIRUHZHVHHSULFHVGHYLDWHVLJQLILFDQWO\IURPKHUH

    GD\$YHUDJH GD\$YHUDJH

    4XDUWLOH3ULFHV
    ,QWKHTXDUWLOHPDUNHWVHJPHQWVZHVHHSULFHVLQWKLV]LSFRGHKDYHVHWWOHGDWDSULFHSODWHDXDFURVVWKHERDUG3ULFHVLQDOO
    IRXUTXDUWLOHVDUHEDVLFDOO\PL[HG/RRNIRUDSHUVLVWHQWVKLIW XSRUGRZQ LQWKH0DUNHW$FWLRQ,QGH[EHIRUHSULFHVPRYHIURP
    WKHVHFXUUHQWOHYHOV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    3ULFHSHU6TXDUH)RRW
    :KLOHSULFHVKDYHEHHQEDVLFDOO\IODWWKHSULFHSHUVTXDUHIRRWKDVEHHQKHDGLQJGRZQZDUG:KLOHQRWDVLJQRIEURDGVWUHQJWK
    LQDPDUNHWODUJHUKRPHVDUHFRPLQJPRUHDYDLODEOHDQGEX\HUVFDQVHHPRUHKRPHIRUWKHLUPRQH\

    GD\$YHUDJH GD\$YHUDJH

    ,QYHQWRU\RI3URSHUWLHV/LVWHGIRU6DOH
    ,QYHQWRU\KDVEHHQIDOOLQJLQUHFHQWZHHNV1RWHWKDWGHFOLQLQJLQYHQWRU\DORQHGRHVQRWVLJQDODVWUHQJWKHQLQJPDUNHW/RRNWR
    WKH0DUNHW$FWLRQ,QGH[DQG'D\VRQ0DUNHWWUHQGVWRJDXJHZKHWKHUEX\HULQWHUHVWLVFKDQJLQJZLWKWKHDYDLODEOHVXSSO\

    GD\$YHUDJH GD\$YHUDJH

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    0DUNHW$FWLRQ,QGH[
    7KH0,66,219,(-2PDUNHWLVFXUUHQWO\TXLWHVWURQJO\LQWKH6HOOHU
    V$GYDQWDJH]RQH JUHDWHUWKDQ 7KHGD\0DUNHW
    $FWLRQ,QGH[VWDQGVDWLQGLFDWLQJYHU\OLWWOHVXSSO\UHODWLYHWRWKHGHPDQG

    GD\$YHUDJH %X\HUV6HOOHUV&XWRII

    0DUNHW$FWLRQ,QGH[SHU4XDUWLOH
    1RWVXUSULVLQJO\DOOVHJPHQWVLQWKLV]LSFRGHDUHVKRZLQJKLJKOHYHOVRIGHPDQG:DWFKWKHTXDUWLOHVIRUFKDQJHVEHIRUHWKH
    ZKROHPDUNHWFKDQJHV2IWHQRQHHQGRIWKHPDUNHW HJWKHKLJKHQG ZLOOZHDNHQEHIRUHWKHUHVWRIWKHPDUNHWDQGVLJQDOD
    VORZGRZQIRUWKHZKROHJURXS

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    %X\HUV6HOOHUV&XWRII
    5HVLGHQWLDOKRXVHSULFHVDUHDIXQFWLRQRIVXSSO\DQGGHPDQGDQGPDUNHWFRQGLWLRQVFDQEHFKDUDFWHUL]HG
    E\DQDO\]LQJWKRVHIDFWRUV:DWFKWKLVLQGH[IRUVXVWDLQHGFKDQJHVLIWKHLQGH[IDOOVLQWRWKH%X\HUV
    $GYDQWDJH]RQH EHORZ IRUDORQJSHULRGSULFHVDUHOLNHO\LQIRUDGRZQZDUGFRUUHFWLRQ

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    'D\VRQ0DUNHW
    7KHSURSHUWLHVKDYHEHHQRQWKHPDUNHWIRUDQDYHUDJHRIGD\V+DOIRIWKHOLVWLQJVKDYHFRPHQHZO\RQWKHPDUNHWLQWKH
    SDVWRUVRGD\V

    GD\$YHUDJH GD\$YHUDJH

    'D\VRQ0DUNHWSHU4XDUWLOH
    ,WLVQRWXQFRPPRQIRUWKHKLJKHUSULFHGKRPHVLQDQDUHDWRWDNHORQJHUWRVHOOWKDQWKRVHLQWKHORZHUTXDUWLOHV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU


    1HLJKERUKRRG'HWDLO &RQGRV 7RZQKRPHVLQ

    
    0,66,219,(-2&$
    

    7KLV:HHN 5HDO7LPH0DUNHW3URILOH 7UHQG


    7KHPHGLDQOLVWSULFHLQ0,66,21 0HGLDQ/LVW3ULFH  r
    9,(-2&$WKLVZHHNLV $YHUDJH/LVW3ULFH 
    7KHSURSHUWLHVKDYH $VNLQJ3ULFH3HU6TXDUH)RRW  n

    EHHQRQWKHPDUNHWIRUDQDYHUDJHRI $YHUDJH'D\VRQ0DUNHW 'R0  


    GD\V ,QYHQWRU\RI3URSHUWLHV/LVWHG  n

    0RVW([SHQVLYH/LVWLQJ 
    ,QYHQWRU\KDVEHHQGHFUHDVLQJODWHO\ /HDVW([SHQVLYH/LVWLQJ 

    EXWWKH0DUNHW$FWLRQ,QGH[LVIDOOLQJ $YHUDJH$JHRI/LVWLQJ 
    DOVR:LWKGD\VRQPDUNHWFOLPELQJ 3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
    WKHVHDUHUHODWLYHO\QHJDWLYH 3HUFHQW5HOLVWHG UHVHW'20 
    LPSOLFDWLRQVIRUWKHPDUNHW 3HUFHQW)OLS SULFHLQFUHDVHG 
    0HGLDQ+RXVH6L]H VTIW 
    0HGLDQ1XPEHURI%HGURRPV 
    0HGLDQ1XPEHURI%DWKURRPV 

    6XSSO\DQG'HPDQG $OWRV5HVHDUFK9DOXH6WDWLVWLFV
    7KHPDUNHWKDVEHHQFRROLQJRIID 0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU
    V  nn

    ELWLQUHFHQWZHHNVDVPRUHKRPHV 7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
    VWKH0DUNHW"E\PHDVXULQJ
    WKHFXUUHQWUDWHRIVDOHYHUVXVWKHDPRXQWRIWKHLQYHQWRU\,QGH[DERYH
    DUHDYDLODEOHDQGGHPDQGLVOHVV LPSOLHVDVHOOHU
    VDGYDQWDJH%HORZFRQGLWLRQVJLYHWKHDGYDQWDJHWRWKH
    +RZHYHUWKHPDUNHWLVVWLOOQRWDEO\ EX\HU
    LQWKH6HOOHU
    V]RQHVRZHKDYHQ
    W\HW
    VHHQSULFHVPRYHORZHUDVDUHVXOW 7UHQG.H\  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG
    ,WPD\WDNHDIHZPRUHZHHNVRI r 1RFKDQJH  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG
    VODFNGHPDQGIRUSULFHVWRUHIOHFW
    DQGEHJLQWRIDOO([SHFWWKLV
    FRQGLWLRQLIWKHLQGH[IDOOVWRWKH
    %X\HU
    V]RQH

    &KDUDFWHULVWLFVSHU4XDUWLOH

    4XDUWLOH 0HGLDQ3ULFH 6T)W %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20

    7RS)LUVW          0RVWH[SHQVLYHRISURSHUWLHV

    8SSHU6HFRQG          8SSHUPLGGOHRISURSHUWLHV

    /RZHU7KLUG          /RZHUPLGGOHRISURSHUWLHV

    %RWWRP)RXUWK          /HDVWH[SHQVLYHRISURSHUWLHV

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    0HGLDQ3ULFH
    'HVSLWHWKLVZHHN
    VGRZQWLFNSULFHWUHQGVLQWKLV]LSFRGHKDYHEHHQPRYLQJXSLQWKHODVWIHZZHHNV:HDUHEHORZWKH
    PDUNHW
    VKLJKSRLQWDQGZH
    OOLQYHVWLJDWHWKH0DUNHW$FWLRQ,QGH[ODWHURQWRVHHLIZHH[SHFWWKLVZHHN
    VEOLSWREHFRPHD
    GRZQZDUGWUHQG

    GD\$YHUDJH GD\$YHUDJH

    4XDUWLOH3ULFHV
    ,QWKHTXDUWLOHPDUNHWVHJPHQWVZHVHHSULFHVLQWKLV]LSFRGHKDYHVHWWOHGDWDSULFHSODWHDXDFURVVWKHERDUG3ULFHVLQDOO
    IRXUTXDUWLOHVDUHEDVLFDOO\PL[HG/RRNIRUDSHUVLVWHQWVKLIW XSRUGRZQ LQWKH0DUNHW$FWLRQ,QGH[EHIRUHSULFHVPRYHIURP
    WKHVHFXUUHQWOHYHOV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    3ULFHSHU6TXDUH)RRW
    7KLVLVDPDUNHWZKHUHZDWFKLQJWKHYDOXHPHWULFV OLNHSULFHSHUVTXDUHIRRW FDQSURYLGHLQVLJKWWKDW\RXGRQ
    WJHWDWILUVW
    JODQFH+RPHSULFHVDUHULVLQJDELWUHFHQWO\DQGWKHSULFHSHUVTXDUHIRRWRIKRPHVOLVWHGLVGHFOLQLQJDELW2IWHQWKLVFDQEH
    DWWULEXWHGWRQHZDQGUHPRGHOHGKRPHVRQWKHPDUNHW%X\HUVLQWKHDUHDDUHSD\LQJPRUHEXWDOVRJHWWLQJPRUHIRUWKHLU
    PRQH\

    GD\$YHUDJH GD\$YHUDJH

    ,QYHQWRU\RI3URSHUWLHV/LVWHGIRU6DOH
    ,QYHQWRU\KDVEHHQIDOOLQJLQUHFHQWZHHNV1RWHWKDWGHFOLQLQJLQYHQWRU\DORQHGRHVQRWVLJQDODVWUHQJWKHQLQJPDUNHW/RRNWR
    WKH0DUNHW$FWLRQ,QGH[DQG'D\VRQ0DUNHWWUHQGVWRJDXJHZKHWKHUEX\HULQWHUHVWLVFKDQJLQJZLWKWKHDYDLODEOHVXSSO\

    GD\$YHUDJH GD\$YHUDJH

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    0DUNHW$FWLRQ,QGH[
    7KH0,66,219,(-2PDUNHWLVFXUUHQWO\TXLWHVWURQJO\LQWKH6HOOHU
    V$GYDQWDJH]RQH JUHDWHUWKDQ 7KHGD\0DUNHW
    $FWLRQ,QGH[VWDQGVDWLQGLFDWLQJYHU\OLWWOHVXSSO\UHODWLYHWRWKHGHPDQG

    GD\$YHUDJH %X\HUV6HOOHUV&XWRII

    0DUNHW$FWLRQ,QGH[SHU4XDUWLOH
    1RWVXUSULVLQJO\DOOVHJPHQWVLQWKLV]LSFRGHDUHVKRZLQJKLJKOHYHOVRIGHPDQG:DWFKWKHTXDUWLOHVIRUFKDQJHVEHIRUHWKH
    ZKROHPDUNHWFKDQJHV2IWHQRQHHQGRIWKHPDUNHW HJWKHKLJKHQG ZLOOZHDNHQEHIRUHWKHUHVWRIWKHPDUNHWDQGVLJQDOD
    VORZGRZQIRUWKHZKROHJURXS

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    %X\HUV6HOOHUV&XWRII
    5HVLGHQWLDOKRXVHSULFHVDUHDIXQFWLRQRIVXSSO\DQGGHPDQGDQGPDUNHWFRQGLWLRQVFDQEHFKDUDFWHUL]HG
    E\DQDO\]LQJWKRVHIDFWRUV:DWFKWKLVLQGH[IRUVXVWDLQHGFKDQJHVLIWKHLQGH[IDOOVLQWRWKH%X\HUV
    $GYDQWDJH]RQH EHORZ IRUDORQJSHULRGSULFHVDUHOLNHO\LQIRUDGRZQZDUGFRUUHFWLRQ

    3DJHRI  0RQGD\2FWREHU


    &RQGRV 7RZQKRPHVLQ
    1HLJKERUKRRG'HWDLO
    
    0,66,219,(-2&$
    

    'D\VRQ0DUNHW
    7KHSURSHUWLHVKDYHEHHQRQWKHPDUNHWIRUDQDYHUDJHRIGD\V+DOIRIWKHOLVWLQJVKDYHFRPHQHZO\RQWKHPDUNHWLQWKH
    SDVWRUVRGD\V

    GD\$YHUDJH GD\$YHUDJH

    'D\VRQ0DUNHWSHU4XDUWLOH
    ,WLVQRWXQFRPPRQIRUWKHKLJKHUSULFHGKRPHVLQDQDUHDWRWDNHORQJHUWRVHOOWKDQWKRVHLQWKHORZHUTXDUWLOHV

    )LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

    3DJHRI  0RQGD\2FWREHU

    You might also like