MARKET UPDATE
Paris911 Intel Reports
· Current Real Estate Market Conditions for Single Family Homes
· Trends in Pricing
·...
Median List Price
Median Lot Size
46.4
Percent Relisted (reset DOM)
2738
3.0
0 %
Median Number of Bathrooms
66
Inventory o...
The Paris911 Team | www.Paris911.com | 661-400-1720
City Overview
NEWHALL, CA
Monday March 24, 2014
Median Price
Prices hi...
The Paris911 Team | www.Paris911.com | 661-400-1720
City Overview
NEWHALL, CA
Monday March 24, 2014
Price per Square Foot
...
The Paris911 Team | www.Paris911.com | 661-400-1720
City Overview
NEWHALL, CA
Monday March 24, 2014
Market Action Index
Th...
The Paris911 Team | www.Paris911.com | 661-400-1720
City Overview
NEWHALL, CA
Monday March 24, 2014
Days on Market
The pro...
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Newhall CA Real Estate market update 2014-083

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We are a real estate team serving the greater Los Angeles Cities. Our Monday market update reports are about the market data and housing market intel for the Santa Clarita Valley cities. Our Team name is known as http://paris911.com and we are REMAX of Valencia CA realtors, that site is located at http://remax-valencia-ca-paris911.com Reach out to us and our market updates cover the Santa Clarita Valley markets, including Acton, Castaic, Canyon Country, Saugus, Santa Clarita, Stevenson Ranch and Valencia. Be safe - search well and thanks for checking out our real estate and housing market reports.

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Transcript of "Newhall CA Real Estate market update 2014-083"

  1. 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 March 24, 2014 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / remax@paris911.com 661-400-1720 NEWHALL, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
  2. 2. Median List Price Median Lot Size 46.4 Percent Relisted (reset DOM) 2738 3.0 0 % Median Number of Bathrooms 66 Inventory of Properties Listed $ 260 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 724,450 32 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 3 % Percent of Properties with Price Decrease Strong Seller's == == == ≠≠ == 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 28 04750 322.5 28 4.0 2 58 4.0 9 56 2 3 0.25 - 0.50 acre 46 $ 545,000 2 0 9 4.0 6,501 - 8,000 sqft 13.2 1470 6,501 - 8,000 sqft 8 $ 425,000 4.0 125 0.25 - 0.50 acre$ 822,500 5.0$ 1,273,888 28 3 3032 Demand measured by the Market Action Index is increasing and days- on-market is trending downward. Even as more properties come available, these are positive trends for the market. Monday March 24, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 8 2504 2.0 The median list price in NEWHALL, CA this week is $724,450. The 34 properties have been on the market for an average of 66 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±+ == ≠≠ ≠= NEWHALL, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 34 $ 1,799,999 $ 339,000 $ 764,068 35 Trend Key: The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend. Page 2 of 6 Single Family Homes in
  3. 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday March 24, 2014 Median Price Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding. 90-day Average7-day Average Quartile Prices Not surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All have been increasing in price lately. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
  4. 4. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday March 24, 2014 Price per Square Foot The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop. 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. 5. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday March 24, 2014 Market Action Index The NEWHALL market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 46.36; indicating very little supply relative to the demand. 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. 6. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday March 24, 2014 Days on Market The properties have been on the market for an average of 66 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

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