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Santa Clarita Real Estate housing report

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We are a local REMAX of Santa Clarita team known as Paris911. We have been around and working within the real estate trenches sine 1998 and are prepared to serve you. Today's real estate market report …

We are a local REMAX of Santa Clarita team known as Paris911. We have been around and working within the real estate trenches sine 1998 and are prepared to serve you. Today's real estate market report covered all of the cities within the Santa Clarita Valley cities. It also included the condos, town-homes and the single family residences in all of the SCV cities. We have covered the market dynamics as compared with the week before last and we have given an evaluation of the local real estate markets.

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  • 1. Santa Clarita Valley Real Estate Report Market Update by The Paris911 Team 10/29/2013
  • 2. Canyon Country Condos… 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.
  • 3. Newhall Condo/town-homes… Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
  • 4. Santa Clarita Condos… Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
  • 5. Stevenson Ranch Condos… 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.
  • 6. Valencia Condos and T/H 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.
  • 7. Acton Homes 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.
  • 8. Canyon Country Homes The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller's Market zone and prices have been moving upward as evidence.
  • 9. Castaic CA Homes Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
  • 10. Newhall CA Homes Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
  • 11. Santa Clarita Homes Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
  • 12. Stevenson Ranch Homes Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
  • 13. Valencia CA Homes Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.
  • 14. www.Paris911.com • • • • We are the Paris911 Team REMAX of Santa Clarita CA Realtors 25101 The Old Road – Santa Clarita CA 91381 BRE# 01238567 (661-400-1720) connor@paris911.com “It’s our pleasure to bring to you the latest in Real Estate Data – Please let us know when you are ready for our Help – Greater L.A. Area and in the Santa Clarita Valley!!!” 10/29/2013

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