Castaic CA California real estate housing market

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Castaic CA California real estate housing market

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  • 1. Monday September 1, 2014 Paris911 Intel Reports CASTAIC, CA Executive Summary This Week The median list price in CASTAIC, CA this week is $514,900. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. Supply and Demand $ 899,000 4.0 Single Family Homes Asking Price Per Square Foot Median Lot Size 5 % Median Number of Bedrooms No change Strong upward trend Strong downward trend ±+ == ≠≠ = ≠ 3000 26 3 2 Slight upward trend Slight downward trend 3.0 14 61 3.0 1 56 3.5 14 56 1 2 2.5 - 5.0 acres 23 $ 464,950 3 14 3.0 4,501 - 6,500 sqft 3.0 2 1523 6,501 - 8,000 sqft 14 $ 357,500 4.0 82 6,501 - $ 549,950 8,000 sqft 14 3 2819 The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. 13 2004 2.0 Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM The Paris911 Team | www.Paris911.com | 661-400-1720 Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC 44.1 Percent Relisted (reset DOM) 2260 3.0 Median Number of Bathrooms 64 Median List Price Average Days on Market (DOM) $ 226 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 514,900 42 % 4.0 Market Action Index 5 % Percent of Properties with Price Decrease Seller's Advantage ±+ ±+ == ±+ Top/First Upper/Second Lower/Third Bottom/Fourth Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff 7-Day Rolling Average 90-Day Rolling Average