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Valencia Single Family Home and Housing reports by Paris911 at REMAX

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  • 1. Monday September 1, 2014 Paris911 Intel Reports VALENCIA, CA Executive Summary This Week The median list price in VALENCIA, CA this week is $569,000. Inventory and days-on-market are climbing, while the Market Action Index has been flat recently. The trends point to a weakening market. Supply and Demand $ 809,900 5.0 Single Family Homes Asking Price Per Square Foot Median Lot Size 3 % Median Number of Bedrooms No change Strong upward trend Strong downward trend ±+ == ≠≠ = ≠ 3568 13 4 2 Slight upward trend Slight downward trend 2.5 30 84 3.0 6 56 4.0 37 51 5 5 6,501 - 8,000 sqft 30 $ 525,000 8 38 4.0 4,501 - 6,500 sqft 3.0 5 1496 4,501 - 6,500 sqft 37 $ 437,000 4.0 92 4,501 - $ 600,000 6,500 sqft 17 8 2512 The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. 37 1962 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 40.5 Percent Relisted (reset DOM) 2241 3.0 Median Number of Bathrooms 71 Median List Price Average Days on Market (DOM) $ 258 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 569,000 50 % 4.0 Market Action Index 7 % 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