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We are a real estate team serving the greater Los Angeles Cities. Our Monday market update reports are about the market data and housing market intel for the Santa Clarita Valley cities. Our Team name is known as http://paris911.com and we are REMAX of Valencia CA realtors, that site is located at http://remax-valencia-ca-paris911.com Reach out to us and our market updates cover the Santa Clarita Valley markets, including Acton, Castaic, Canyon Country, Saugus, Santa Clarita, Stevenson Ranch and Valencia. Be safe - search well and thanks for checking out our real estate and housing market reports.
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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]
VALENCIA, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
Median List Price
Median Lot Size
48.5
Percent Relisted (reset DOM)
2431
3.0
7 %
Median Number of Bathrooms
57
Inventory of Properties Listed
$ 255
Percent Flip (price increased)
4,501 - 6,500 sqft
Median House Size (sq ft)
$ 599,000
25 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
8 %
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 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
11 13708
283.0 36
3.0
7
84
4.0 23
22
2
7
6,501 -8,000 sqft
33
$ 549,900
4
4
23
4.0
4,501 -6,500 sqft
13.0
1596 4,501 -6,500 sqft
23
$ 425,000
4.0
94
6,501 -8,000 sqft$ 659,000
4.5$ 825,000
13
5
2784
The Market Action Index has beentrending down lately, while inventoryis climbing. These trends imply aweakening market.
Monday March 24, 2014
The Paris911 Team | www.Paris911.com | 661-400-1720
22
2197
2.0
The median list price in VALENCIA, CAthis week is $599,000. The 91properties have been on the marketfor an average of 57 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, CACity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
91
$ 1,795,000
$ 349,000
$ 643,794
20
Trend Key:
Home sales continue to outstripsupply and the Market Action Indexhas been moving higher for severalweeks. This is a Seller's market sowatch for upward pricing pressure inthe near future if the trendcontinues.
Page 2 of 6
Single Family Homes in
The Paris911 Team | www.Paris911.com | 661-400-1720
City OverviewVALENCIA, CA
Monday March 24, 2014
Median PriceThe market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability ofthis trend.
90-day Average7-day Average
Quartile PricesPrices 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 apersistent 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
The Paris911 Team | www.Paris911.com | 661-400-1720
City OverviewVALENCIA, CA
Monday March 24, 2014
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction 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
The Paris911 Team | www.Paris911.com | 661-400-1720
City OverviewVALENCIA, CA
Monday March 24, 2014
Market Action IndexThe VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 48.52; 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.
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 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.
Page 5 of 6
Single Family Homes in
The Paris911 Team | www.Paris911.com | 661-400-1720
City OverviewVALENCIA, CA
Monday March 24, 2014
Days on MarketThe properties have been on the market for an average of 57 days. Half of the listings have come newly on the market in thepast 28 or so days.
90-day Average7-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6
Single Family Homes in
