Canyon Country real estate and housing market update 2014-083

MARKET UPDATEParis911 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 ofMarch 24, 2014

· Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CAREMAX of Valencia CA / The Paris911 Teamwww.Paris911.com / [email protected]

CANYON COUNTRY, CA

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC

Median List Price

Median Lot Size

52.3

Percent Relisted (reset DOM)

2360

3.0

1 %

Median Number of Bathrooms

77

Inventory of Properties Listed

$ 224

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 512,000

28 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Strong Seller's

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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 measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

25 33718

732.0 42

4.0

3

66

4.0 19

42

5

3

0.25 - 0.50acre

47

$ 435,000

8

2

19

3.8

8,001 -10,000 sqft

33.0

1262 6,501 -8,000 sqft

19

$ 379,900

4.0

127

6,501 -8,000 sqft$ 549,900

4.0$ 959,994

10

7

2871

Inventory has been tightening anddays-on-market increasing recently.The Market Action Index has beenbasically flat, not providing strongindication for market conditions.

Monday March 24, 2014

The Paris911 Team | www.Paris911.com | 661-400-1720

18

1960

2.0

The median list price in CANYONCOUNTRY, CA this week is $512,000.The 75 properties have been on themarket 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±+

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CANYONCOUNTRY, CA

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

75

$ 3,900,000

$ 199,000

$ 674,401

31

Trend Key:

The market continues to get hotter.More sales demand and fewer homeslisted have contributed to arelatively long run of increasingprices. Current supply and demandlevels show no sign of priceschanging from their current trend.

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Single Family Homes in


City OverviewCANYON

COUNTRY, CA


Median PriceDespite this week's down tic, the price trend remains upward for several weeks. A persistent drop of the Market Action Indexinto the Buyer's zone will be a leading indicator of the price strength subsiding.

90-day Average7-day Average

Quartile PricesPrices in most of the market have been trending higher in recent weeks. However the high-end of the market (Quartile 1) isshowing some weakness. If this trend continues, expect downward price pressures on the rest of the market to follow.

First/Top Second/Upper Third/Lower Fourth/Bottom

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City OverviewCANYON

COUNTRY, CA


Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. 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 gettingmore for their money.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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City OverviewCANYON

COUNTRY, CA


Market Action IndexThe CANYON COUNTRY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 52.27; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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City OverviewCANYON

COUNTRY, CA


Days on MarketThe properties have been on the market for an average of 77 days. Half of the listings have come newly on the market in thepast 42 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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