Newhall CA California real estate housing market
 

Newhall CA California real estate housing market

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Newhall CA California real estate housing market Newhall CA California real estate housing market Document Transcript

  • Monday September 1, 2014 Paris911 Intel Reports NEWHALL, CA Executive Summary This Week The median list price in NEWHALL, CA this week is $525,000. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Supply and Demand $ 829,950 4.0 Single Family Homes Asking Price Per Square Foot Median Lot Size 4 % Median Number of Bedrooms No change Strong upward trend Strong downward trend ±+ == ≠≠ = ≠ 3557 24 3 0 Slight upward trend Slight downward trend 3.0 42 68 3.0 1 72 4.0 14 84 2 3 0.25 - 0.50 acre 56 $ 479,975 3 15 3.5 6,501 - 8,000 sqft 3.0 1 1282 6,501 - 8,000 sqft 14 $ 399,900 4.0 140 6,501 - $ 579,950 8,000 sqft 28 2 2715 The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. 14 2044 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 35.9 Percent Relisted (reset DOM) 2291 3.0 Median Number of Bathrooms 91 Median List Price Average Days on Market (DOM) $ 236 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 525,000 58 % 4.0 Market Action Index 16 % 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