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Condos and Townhomes for Newhall market update condo and townhomes

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  • 1. Monday September 1, 2014 NEWHALL, CA Paris911 Intel Reports Executive Summary This Week The median list price in NEWHALL, CA this week is $240,450. 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. Supply and Demand $ 476,900 3.0 Condos - Townhomes 0 % Asking Price Per Square Foot Median Number of Bedrooms No change Strong upward trend Strong downward trend ±+ == ≠≠ = ≠ 1749 29 0 2.0 4 2.0 2 Slight upward trend Slight downward trend 1.5 24 122 2.0 1 25 2.0 9 40 2 2 51 $ 209,000 3 9 806 9 $ 148,913 2.0 42 $ 265,000 34 0 1156 The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. 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. 9 883 1.0 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 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 48.0 Percent Relisted (reset DOM) 976 2.0 Median Number of Bathrooms 57 Median List Price Average Days on Market (DOM) $ 233 Percent Flip (price increased) Median House Size (sq ft) $ 240,450 25 % 2.0 Market Action Index 3 % 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