Santa Clarita Cities CA Housing Market Report

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Santa Clarita Valley cities housing market reports by The Paris911 Team at REMAX of Santa Clarita CA. We have been watching the latest from the Santa Clarita real estate market and are interested in giving our real estate clients the best in intel from the Data Driven sources. The Boards of Realtors, we have hired an independent research company that gives us the exacting data directly from the source. We have also published the market updates for the Santa Clarita Valley Cities and wish to share it with you when you are ready to digest it. Be safe - search well and make sure you are hiring the best Santa Clarita real estate agents you can find. We are known as the Paris911 Team of Realtors

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Santa Clarita Cities CA Housing Market Report

  1. 1. Santa Clarita Cities CA Updated Housing Market Reports for the Santa Clarita Valley cities – Updated 10/14/2013 by RE/MAX of Santa Clarita’s Paris911 Team
  2. 2. Newhall CA – Condos and town-homes • • • • • Median Price – Flat this week at $237,736 Average price per square foot: $208 Average Days on Market is down: 49 Percentage of properties with price decrease: 29% Percentage of properties that are flips: 0% • Interesting that we have seen investor pull back and • Price decreases are Big at 29%
  3. 3. Santa Clarita City Proper Condo/Town-home • • • • • Median List Price – downward trend at $300,000.00 Asking price per square foot - $224.00 (increasing) Days on Market is increasing: 19 + Percentage of properties with a price decrease: 12% 6% flips, but this number is decreasing as well • FAIL: not strong indicators for this market for this week as compared to last week.
  4. 4. Acton CA – Single Family Homes Median List Price is flat $449,000 Asking price per square foot is also flat $190.00 Average Days on Market is down and decreasing 74 Huge Numbers of percentage of properties with price decrease 49%... • Flips have increased from last week: 13% - still much lower than months past. • • • •
  5. 5. Castaic California – Single Family Residences • • • • • Median list price in Castaic is a flat $427,000 Average list price in Castaic CA is $640,502 Average price per square foot is up $236.00 Average Days on Market is down – 89 Inventory – current active listings – down at 32 properties • 31% of the Castaic Listings have had a price decrease – those are big numbers!!!
  6. 6. Single Family Homes in Santa Clarita Proper • • • • • Downward trend on median listing price $499,950 We have an average list price at $771,330 Average price per square foot is down at $216 We have also seen an increase in Days on Market to 36 average Inventory of real estate listings is 114 • Percentage of properties with a price decrease – Again Big Numbers: 28%
  7. 7. Stevenson Ranch Single Family Residences • • • • • Median list price is at $725,000 with a downward trend Average list price in Stevenson Ranch is $846,532 We have a downward trend on price per square foot $250 We have an upward trend on time on the market to 91 days Number of listings have decreased to 31 • Stand by for the Price Decrease percentage – 65% Someone is getting sold short!!!
  8. 8. Deductions about the current market • Interest rates are going to remain steady throughout the rest of 2013. • Property prices are going to continue to level off – becoming more static. • We are going to experience a shift from a Sellers Market into a Buyers real estate market – concluding 2nd quarter 2014. • Hiring a creative listing agent and an experienced buyers agent is going to be much more important in the coming months!
  9. 9. RE/MAX of Santa Clarita’s Paris911 Team Thanks for checking out our Santa Clarita Market Report! You can get your report hot off of the presses by heading to the top Real Estate website for Santa Clarita Valley at Paris911.com, they type the word “reports” into the MacBoX - without the quotes. Connor MacIvor – REMAX of Santa Clarita CA – Each office independently owned and operated – 25101 The Old Road, Santa Clarita CA, 91381 661-284-5429. CA BRE: 01238257

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