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Santa Clarita CA single family homes report by The Paris911 Team
 

Santa Clarita CA single family homes report by The Paris911 Team

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http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in SANTA CLARITA, CA this week is $549,900. The 111 properties have been on the market for an average ...

http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in SANTA CLARITA, CA this week is $549,900. The 111 properties have been on the market for an average of 74 days.
Demand measured by the Market Action Index is increasing and days- on-market is holding steady. With more properties coming available, conditions are mildly positive.
Supply and Demand
The market has started cooling and prices have been flat for several weeks. Since 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. 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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    Santa Clarita CA single family homes report by The Paris911 Team Santa Clarita CA single family homes report by The Paris911 Team Document Transcript

    • 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 SANTA CLARITA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
    • Median List Price Median Lot Size 44.4 Percent Relisted (reset DOM) 2383 3.0 4 % Median Number of Bathrooms 74 Inventory of Properties Listed $ 236 Percent Flip (price increased) 6,501 - 8,000 sqft Median House Size (sq ft) $ 549,900 39 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 12 % 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 14 03410 703.0 25 3.0 2 56 4.0 28 28 1 6 0.25 - 0.50 acre 34 $ 499,500 12 6 28 3.0 4,501 - 6,500 sqft 53.0 1629 6,501 - 8,000 sqft 28 $ 424,900 4.0 147 8,001 - 10,000 sqft$ 611,000 5.0$ 788,500 14 8 2660 Demand measured by the Market Action Index is increasing and days- on-market is holding steady. With more properties coming available, conditions are mildly positive. Monday May 26, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 27 2248 2.0 The median list price in SANTA CLARITA, CA this week is $549,900. The 111 properties have been on the market for an average of 74 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±+ == ≠≠ ≠= SANTA CLARITA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 111 $ 25,000,000 $ 265,000 $ 1,041,760 22 Trend Key: The market has started cooling and prices have been flat for several weeks. Since 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. Page 2 of 6 Single Family Homes in
    • The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday May 26, 2014 Median Price The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend. 90-day Average7-day Average Quartile Prices Prices in most of the market have stabilized recently. Only Quartile 4 shows any price increases in the last few weeks. Often this condition happens in markets where demand has fallen (for example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
    • The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday May 26, 2014 Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices. 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
    • The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday May 26, 2014 Market Action Index The SANTA CLARITA market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 44.39 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
    • The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview SANTA CLARITA, CA Monday May 26, 2014 Days on Market The properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in the past 42 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