Santa Clarita total real estate updates 2015 episode 103
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This market update for the week of April 13, 2015, focuses on real estate conditions for condos and townhomes in Canyon Country, Castaic, and Newhall, California. It highlights trends in pricing, supply and demand, and a market action index indicating a seller's advantage with values expected to adjust upwards if current trends persist. Overall, while conditions in Canyon Country suggest a strong seller's market, Castaic shows signs of potential weakening, and Newhall maintains a seller's advantage with upward pricing pressure anticipated.
Santa Clarita total real estate updates 2015 episode 103
- 1. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 CANYON COUNTRY, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 2. Median List Price 49.1 Percent Relisted (reset DOM) 1096 2.0 3 % Median Number of Bathrooms 88 Inventory of Properties Listed $ 233 Percent Flip (price increased) Median House Size (sq ft) $ 251,900 24 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 6 % Percent of Properties with Price Decrease Strong Seller's ≠≠ ±+ ±+ ≠≠ = Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 14 11666 932.0 31 2.0 1 68 2.0 9 152 2 1 30 $ 249,900 1 3 9 2.8 22.0 848 8 $ 219,900 2.5 32 $ 267,000 4.0$ 412,500 30 3 1127 Inventory is tightening and days-on- market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 8 1078 2.0 The median list price in CANYON COUNTRY, CA this week is $251,900. The 34 properties have been on the market for an average of 88 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= CANYON COUNTRY, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 34 $ 650,000 $ 180,000 $ 288,256 29 Trend Key: While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI. Page 2 of 6 Condos & Townhomes in
- 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Median Price The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. 90-day Average7-day Average Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 4. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale 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. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 5. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Market Action Index The CANYON COUNTRY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 49.09; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 6. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 88 days. Half of the listings have come newly on the market in the past 38 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 7. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 CASTAIC, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 8. Median List Price 30.9 Percent Relisted (reset DOM) 1667 3.0 0 % Median Number of Bathrooms 94 Inventory of Properties Listed $ 227 Percent Flip (price increased) Median House Size (sq ft) $ 395,000 40 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 0 % Percent of Properties with Price Decrease Seller's Advantage == ±+ ±+ = = Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 8 01932 1193.0 8 2.5 0 28 3.0 1 28 0 0 20 $ 395,000 2 0 2 3.0 02.5 1574 1 $ 316,950 3.0 266 $ 428,000 3.0$ 439,000 8 1 1667 The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 1 1667 2.8 The median list price in CASTAIC, CA this week is $395,000. The 5 properties have been on the market for an average of 94 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= CASTAIC, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 5 $ 439,000 $ 249,900 $ 379,180 13 Trend Key: In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we're in a Seller's market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly. Page 2 of 6 Condos & Townhomes in
- 9. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Median Price Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend. 90-day Average7-day Average Quartile Prices Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 10. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 11. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Market Action Index The CASTAIC market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 30.89 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile The higher end of the market (Quartiles 1 and 2) is in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. The low-end of the market is where buyers are focusing more of their attention. Notice that Quartiles 1 and 2 (the higher half of the market) have a Market Action Index below 30 (Buyer's Market). First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 12. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 94 days. Half of the listings have come newly on the market in the past 56 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 13. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 NEWHALL, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 14. Median List Price 57.5 Percent Relisted (reset DOM) 967 2.0 6 % Median Number of Bathrooms 66 Inventory of Properties Listed $ 231 Percent Flip (price increased) Median House Size (sq ft) $ 239,000 9 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 6 % Percent of Properties with Price Decrease Strong Seller's == ±+ ±+ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 40 01411 1122.0 41 2.0 2 32 2.0 8 47 4 1 51 $ 226,500 3 4 9 2.0 02.0 864 8 $ 175,000 2.0 76 $ 297,974 2.5$ 364,300 45 1 1266 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 8 858 1.0 The median list price in NEWHALL, CA this week is $239,000. The 33 properties have been on the market for an average of 66 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= NEWHALL, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 33 $ 415,000 $ 129,950 $ 255,683 40 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Condos & Townhomes in
- 15. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Median Price The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 16. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 17. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Market Action Index The NEWHALL market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 57.45; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 18. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 66 days. Half of the listings have come newly on the market in the past 14 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 19. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 SANTA CLARITA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 20. Median List Price 60.4 Percent Relisted (reset DOM) 1602 3.0 8 % Median Number of Bathrooms 71 Inventory of Properties Listed $ 238 Percent Flip (price increased) Median House Size (sq ft) $ 380,000 25 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 0 % Percent of Properties with Price Decrease Strong Seller's ≠≠ ±+ ≠≠ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 1 02542 1282.0 10 2.0 2 16 2.0 3 28 1 4 30 $ 314,900 1 0 3 4.0 33.0 870 3 $ 236,900 3.0 112 $ 410,000 5.0$ 495,672 10 2 1710 Inventory is tightening and days-on- market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 3 1121 1.0 The median list price in SANTA CLARITA, CA this week is $380,000. The 12 properties have been on the market for an average of 71 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= SANTA CLARITA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 12 $ 496,997 $ 215,500 $ 369,256 14 Trend Key: The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. Page 2 of 6 Condos & Townhomes in
- 21. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Median Price Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding. 90-day Average7-day Average Quartile Prices Prices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat. Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 22. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money. 90-day Average7-day Average Inventory of Properties Listed for Sale 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. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 23. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Market Action Index The SANTA CLARITA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 60.43; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 24. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 71 days. Half of the listings have come newly on the market in the past 35 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 25. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 STEVENSON RANCH, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 26. Median List Price 58.9 Percent Relisted (reset DOM) 1259 2.0 0 % Median Number of Bathrooms 13 Inventory of Properties Listed $ 284 Percent Flip (price increased) Median House Size (sq ft) $ 357,500 10 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 0 % Percent of Properties with Price Decrease Strong Seller's ±+ ±+ ±+ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 12 01838 232.5 25 2.0 0 7 3.0 3 0 1 1 24 $ 350,000 3 0 3 2.5 02.0 1035 2 $ 344,900 3.5 21 $ 382,000 3.0$ 569,950 20 0 1465 The Market Action Index has been trending down recently, but as days- on-market decreases also, there are not strong signals for the direction of the market. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 2 1232 2.0 The median list price in STEVENSON RANCH, CA this week is $357,500. The 10 properties have been on the market for an average of 13 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= STEVENSON RANCH, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 10 $ 585,000 $ 319,000 $ 397,780 21 Trend Key: Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Page 2 of 6 Condos & Townhomes in
- 27. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Median Price Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 28. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 29. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Market Action Index The STEVENSON RANCH market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 58.95; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 30. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 13 days. Half of the listings have come newly on the market in the past 7 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 31. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Condos & Townhomes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 VALENCIA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 32. Median List Price 53.5 Percent Relisted (reset DOM) 1212 2.0 2 % Median Number of Bathrooms 37 Inventory of Properties Listed $ 283 Percent Flip (price increased) Median House Size (sq ft) $ 344,950 15 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 4 % Percent of Properties with Price Decrease Strong Seller's == ±+ ±+ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 14 11844 642.0 20 1.0 0 22 2.0 14 28 3 1 12 $ 325,000 7 3 14 2.5 12.0 780 14 $ 250,720 2.0 34 $ 357,000 3.0$ 466,100 30 2 1252 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 13 1120 1.0 The median list price in VALENCIA, CA this week is $344,950. The 55 properties have been on the market for an average of 37 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= VALENCIA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 55 $ 549,999 $ 152,000 $ 345,521 22 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Condos & Townhomes in
- 33. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Median Price The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Condos & Townhomes in
- 34. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Condos & Townhomes in
- 35. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Market Action Index The VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 53.52; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Condos & Townhomes in
- 36. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 37 days. Half of the listings have come newly on the market in the past 14 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Condos & Townhomes in
- 37. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 ACTON, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 38. Median List Price Median Lot Size 32.0 Percent Relisted (reset DOM) 2259 2.2 2 % Median Number of Bathrooms 155 Inventory of Properties Listed $ 220 Percent Flip (price increased) 1.0 - 2.5 acres Median House Size (sq ft) $ 512,450 32 % 3.5 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 23 % Percent of Properties with Price Decrease Seller's Advantage ≠≠ ±+ ±+ ≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 18 03312 1322.0 29 3.0 2 200 3.0 11 83 2 1 5.0 - 10 acres 34 $ 449,900 2 1 11 4.0 1.0 - 2.5 acres 13.0 1404 1.0 - 2.5 acres 11 $ 259,900 4.0 206 1.0 - 2.5 acres$ 599,999 4.0$ 750,000 15 2 2625 Inventory is tightening and days-on- market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 11 1949 2.0 The median list price in ACTON, CA this week is $512,450. The 44 properties have been on the market for an average of 155 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= ACTON, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 44 $ 999,000 $ 140,000 $ 521,578 27 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Single Family Homes in
- 39. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview ACTON, CA Monday April 13, 2015 Median Price Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run recently. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 40. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview ACTON, CA Monday April 13, 2015 Price per Square Foot In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. 90-day Average7-day Average Inventory of Properties Listed for Sale 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. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 41. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview ACTON, CA Monday April 13, 2015 Market Action Index The ACTON market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.96 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 42. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview ACTON, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 155 days. Half of the listings have come newly on the market in the past 112 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 43. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 CANYON COUNTRY, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 44. Median List Price Median Lot Size 47.4 Percent Relisted (reset DOM) 2384 3.0 6 % Median Number of Bathrooms 85 Inventory of Properties Listed $ 244 Percent Flip (price increased) 0.25 - 0.50 acre Median House Size (sq ft) $ 534,500 26 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 12 % Percent of Properties with Price Decrease Strong Seller's ≠ ±+ ≠ ±+ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 26 14276 463.0 26 3.0 3 59 4.0 25 81 5 7 1.0 - 2.5 acres 40 $ 489,900 4 3 25 4.5 0.50 - 1.0 acre 43.0 1482 8,001 - 10,000 sqft 25 $ 385,000 5.0 153 8,001 - 10,000 sqft$ 639,888 5.0$ 1,299,000 13 5 3274 Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 25 2080 2.0 The median list price in CANYON COUNTRY, CA this week is $534,500. The 100 properties have been on the market for an average of 85 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= CANYON COUNTRY, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 100 $ 3,395,000 $ 74,900 $ 709,005 26 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Single Family Homes in
- 45. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Median Price Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift. 90-day Average7-day Average Quartile Prices Price at the upper end of the market are showing signs of strength. While this strength hasn't percolated through to Quartiles 3 and 4 yet, expect the low end of the market to follow up. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 46. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money. 90-day Average7-day Average Inventory of Properties Listed for Sale 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. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 47. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Market Action Index The CANYON COUNTRY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 47.39; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 48. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CANYON COUNTRY, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 85 days. Half of the listings have come newly on the market in the past 35 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 49. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 CASTAIC, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 50. Median List Price Median Lot Size 56.5 Percent Relisted (reset DOM) 2052 3.0 4 % Median Number of Bathrooms 64 Inventory of Properties Listed $ 229 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 499,950 28 % 3.5 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 2 % Percent of Properties with Price Decrease Strong Seller's = ±+ ≠≠ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 21 22744 522.5 15 3.0 5 44 3.0 13 32 4 1 1.0 - 2.5 acres 29 $ 449,000 3 3 13 2.8 6,501 - 8,000 sqft 13.0 1383 4,501 - 6,500 sqft 12 $ 315,000 4.0 130 4,501 - 6,500 sqft$ 548,950 4.0$ 807,500 15 2 2700 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 12 1933 2.0 The median list price in CASTAIC, CA this week is $499,950. The 50 properties have been on the market for an average of 64 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= CASTAIC, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 50 $ 2,200,000 $ 200,000 $ 581,990 23 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Single Family Homes in
- 51. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Median Price Despite this week's down tic, price trends have generally been moving up lately. 90-day Average7-day Average Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 52. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Price per Square Foot This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 53. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Market Action Index The CASTAIC market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 56.55; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 54. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview CASTAIC, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 64 days. Half of the listings have come newly on the market in the past 24 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 55. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 NEWHALL, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 56. Median List Price Median Lot Size 42.9 Percent Relisted (reset DOM) 2297 2.5 0 % Median Number of Bathrooms 71 Inventory of Properties Listed $ 259 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 549,950 24 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 3 % Percent of Properties with Price Decrease Seller's Advantage ±+ ±+ == = == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 30 13088 1032.2 41 4.0 1 48 4.0 8 43 1 1 0.25 - 0.50 acre 48 $ 531,250 0 0 9 2.5 8,001 - 10,000 sqft 13.0 1506 6,501 - 8,000 sqft 8 $ 450,000 4.5 94 8,001 - 10,000 sqft$ 627,500 4.0$ 824,950 30 1 2649 The Market Action index has been trending down lately, while days-on- market is climbing, providing mostly bearish signs for the market. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 8 2028 2.0 The median list price in NEWHALL, CA this week is $549,950. The 33 properties have been on the market for an average of 71 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= NEWHALL, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 33 $ 1,679,000 $ 350,000 $ 628,080 37 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Single Family Homes in
- 57. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Median Price Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 58. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro- location variables. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 59. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Market Action Index The NEWHALL market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 42.86 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 60. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 71 days. Half of the listings have come newly on the market in the past 56 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 61. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 SANTA CLARITA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 62. Median List Price Median Lot Size 41.9 Percent Relisted (reset DOM) 2268 3.0 5 % Median Number of Bathrooms 77 Inventory of Properties Listed $ 242 Percent Flip (price increased) 6,501 - 8,000 sqft Median House Size (sq ft) $ 564,950 31 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 6 % Percent of Properties with Price Decrease Seller's Advantage ±+ ±+ ±+ ±+ = Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 12 13248 563.0 28 3.0 6 72 4.0 30 51 5 5 0.25 - 0.50 acre 50 $ 503,500 3 3 30 3.0 6,501 - 8,000 sqft 23.0 1456 4,501 - 6,500 sqft 30 $ 399,500 4.0 131 8,001 - 10,000 sqft$ 620,000 4.5$ 763,900 15 5 2702 With inventory and days-on-market basically unchanged and the Market Action Index decreasing, the market is not sending strong directional signal for the near-term outlook. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 30 2066 2.0 The median list price in SANTA CLARITA, CA this week is $564,950. The 120 properties have been on the market for an average of 77 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= SANTA CLARITA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 120 $ 23,500,000 $ 88,000 $ 859,637 27 Trend Key: While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI. Page 2 of 6 Single Family Homes in
- 63. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Median Price Prices have moved upward in the last few weeks and are nearing the market's all time high. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 64. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Price per Square Foot In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 65. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Market Action Index The SANTA CLARITA market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 41.86 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 66. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 77 days. Half of the listings have come newly on the market in the past 42 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 67. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 STEVENSON RANCH, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 68. Median List Price Median Lot Size 45.5 Percent Relisted (reset DOM) 3147 3.0 2 % Median Number of Bathrooms 33 Inventory of Properties Listed $ 271 Percent Flip (price increased) 6,501 - 8,000 sqft Median House Size (sq ft) $ 800,000 23 % 5.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 0 % Percent of Properties with Price Decrease Strong Seller's == ±+ ≠ ≠≠ = Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 11 25382 213.0 14 4.0 5 20 5.0 11 22 3 2 0.25 - 0.50 acre 17 $ 795,000 3 3 11 5.5 6,501 - 8,000 sqft 04.0 2215 4,501 - 6,500 sqft 11 $ 624,900 5.0 71 8,001 - 10,000 sqft$ 895,000 5.0$ 2,087,450 15 1 3260 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 10 3076 3.0 The median list price in STEVENSON RANCH, CA this week is $800,000. The 43 properties have been on the market for an average of 33 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= STEVENSON RANCH, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 43 $ 3,600,000 $ 485,000 $ 1,075,550 14 Trend Key: While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We currently in a Seller's market so prices will likely resume their climb should this trend persist. Page 2 of 6 Single Family Homes in
- 69. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Median Price Despite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift. 90-day Average7-day Average Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 70. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 71. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Market Action Index The STEVENSON RANCH market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 45.48; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Three of the four quartiles of the market are in the Seller's Market zone with relatively low amounts of inventory given the current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest-end price group) is showing weaker demand than the others. It's not uncommon that the premium segment of the market takes longer to sell than the rest of the group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 72. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 33 days. Half of the listings have come newly on the market in the past 14 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in
- 73. MARKET UPDATE Paris911 Intel Reports · Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics · Report for the week of April 13, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / [email protected] 661-400-1720 VALENCIA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
- 74. Median List Price Median Lot Size 64.1 Percent Relisted (reset DOM) 2190 3.0 6 % Median Number of Bathrooms 54 Inventory of Properties Listed $ 259 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 573,000 19 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 5 % Percent of Properties with Price Decrease Strong Seller's = ±+ ±+ ≠≠ == Altos Research Value Statistics Most Expensive Listing Average Days on Market (DoM) Bottom/Fourth Lower/Third Upper/Second Top/First This Week Real-Time Market Profile Trend The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 18 13530 462.0 31 3.0 6 64 4.0 21 29 6 6 6,501 - 8,000 sqft 36 $ 519,000 3 7 21 4.0 4,501 - 6,500 sqft 73.0 1558 6,501 - 8,000 sqft 21 $ 450,000 4.0 79 4,501 - 6,500 sqft$ 639,000 5.0$ 785,000 19 8 2279 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday April 13, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 21 2141 2.0 The median list price in VALENCIA, CA this week is $573,000. The 84 properties have been on the market for an average of 54 days. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft. No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend±+ == ≠≠ ≠= VALENCIA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 84 $ 1,025,000 $ 410,000 $ 603,837 24 Trend Key: Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. Page 2 of 6 Single Family Homes in
- 75. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Median Price This week's up tic in prices has moved us a bit closer to the high-point of the market, but doesn't break us out of the downward trend over the last few weeks. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
- 76. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Price per Square Foot 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. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
- 77. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Market Action Index The VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 64.14; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
- 78. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 13, 2015 Days on Market The properties have been on the market for an average of 54 days. Half of the listings have come newly on the market in the past 21 or so days. 90-day Average7-day Average Days on Market 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. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in