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Connor mac ivor market update [sf] stevenson ranch


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  • 1. MARKET UPDATE Paris911 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 of April 07, 2014 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team / 661-400-1720 STEVENSON RANCH, CA Powered by Altos Research LLC | | Copyright ©2005-2013 Altos Research LLC
  • 2. Median List Price Median Lot Size 38.2 Percent Relisted (reset DOM) 2954 3.0 6 % Median Number of Bathrooms 67 Inventory of Properties Listed $ 266 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 767,499 31 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 10 % Percent of Properties with Price Decrease Seller's Advantage == ±+ ±+ ≠≠ ±+ 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 measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 11 13750 733.0 18 3.0 2 100 4.0 12 44 1 2 8,001 - 10,000 sqft 18 $ 683,950 0 2 12 5.0 8,001 - 10,000 sqft 04.0 1790 4,501 - 6,500 sqft 12 $ 509,445 4.0 52 6,501 - 8,000 sqft$ 797,450 5.0$ 1,174,500 13 2 3290 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. Monday April 7, 2014 The Paris911 Team | | 661-400-1720 12 2564 3.0 The median list price in STEVENSON RANCH, CA this week is $767,499. The 48 properties have been on the market for an average of 67 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±+ == ≠≠ ≠= STEVENSON RANCH, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 48 $ 1,589,000 $ 475,000 $ 791,509 15 Trend Key: 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. Page 2 of 6 Single Family Homes in
  • 3. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 7, 2014 Median Price Prices are climbing and we're nearing the market's all time high so watch the Market Action Index as an indicator of how long this trend will last. 90-day Average7-day Average Quartile Prices Price weakness is evident across the board. Quartiles 1, 3, and 4 have been in price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
  • 4. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 7, 2014 Price per Square Foot In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action 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
  • 5. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 7, 2014 Market Action Index The STEVENSON RANCH market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 38.15 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown 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 characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
  • 6. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 7, 2014 Days on Market The properties have been on the market for an average of 67 days. Half of the listings have come newly on the market in the past 32 or so days. 90-day Average7-day Average Days on Market per Quartile It 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