Newhall single family homes update by Paris911 REMAX Realty

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http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in NEWHALL, CA this week is $619,000. The 39 properties have been on the market for an average of 87 days.
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
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. We are a local Team of Realtors with REMAX of Valencia CA. We work on getting our clients that those who are not our clients, the best in real estate data directly from the source, the local Boards of Realtors.

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Newhall single family homes update by Paris911 REMAX Realty

  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 May 26, 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 44.4 Percent Relisted (reset DOM) 2410 3.0 5 % Median Number of Bathrooms 87 Inventory of Properties Listed $ 255 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 619,000 41 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 8 % 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 28 03605 272.5 48 3.5 1 68 3.5 10 92 2 2 0.25 - 0.50 acre 48 $ 492,400 1 0 10 4.0 8,001 - 10,000 sqft 13.0 1384 6,501 - 8,000 sqft 10 $ 424,500 4.0 170 0.25 - 0.50 acre$ 723,500 4.0$ 1,150,000 26 2 3032 The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Monday May 26, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 9 1920 2.0 The median list price in NEWHALL, CA this week is $619,000. The 39 properties have been on the market for an average of 87 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 39 $ 1,699,000 $ 375,000 $ 695,811 37 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. 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday May 26, 2014 Median Price The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here. 90-day Average7-day Average Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. 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 May 26, 2014 Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. 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 May 26, 2014 Market Action Index The NEWHALL market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 44.40 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 Three of the four quartiles of the market are in the Seller's Market zone with relatively low amounts of inventory given the current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest-end price group) is showing weaker demand than the others. It's not uncommon that the premium segment of the market takes longer to sell than the rest of the 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 May 26, 2014 Days on Market The properties have been on the market for an average of 87 days. Half of the listings have come newly on the market in the past 63 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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