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Connor mac ivor exec summary [condo] ca_castaic

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  • 1. Monday September 1, 2014 CASTAIC, CA Paris911 Intel Reports Executive Summary This Week The median list price in CASTAIC, CA this week is $249,500. Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends. Supply and Demand $ 449,999 3.0 Condos - Townhomes 0 % Asking Price Per Square Foot Median Number of Bedrooms No change Strong upward trend Strong downward trend ±+ == ≠≠ = ≠ 1932 7 0 3.0 0 3.0 0 Slight upward trend Slight downward trend 2.0 30 7 2.0 0 35 3.0 1 18 0 0 32 $ 249,500 1 2 1004 1 $ 199,950 4.0 42 $ 429,900 7 1 2330 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. 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. 1 1419 1.5 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 Square Feet 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 49.3 Percent Relisted (reset DOM) 1419 2.0 Median Number of Bathrooms 24 Median List Price Average Days on Market (DOM) $ 190 Percent Flip (price increased) Median House Size (sq ft) $ 249,500 0 % 3.0 Market Action Index 0 % Percent of Properties with Price Decrease Strong Seller's ≠≠ ≠≠ == == 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