Stevenson Ranch California Real Estate market update
 

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This week in Stevenson Ranch real estate for Single Family Homes we are watching trends all it's own. With a flat median list price at $779,900 and a flat asking price per square foot at $265.00, and ...

This week in Stevenson Ranch real estate for Single Family Homes we are watching trends all it's own. With a flat median list price at $779,900 and a flat asking price per square foot at $265.00, and we also have seen the Average Days on Market increase this week, as compared to last week to 72 days. Looking to the inventory of properties, which is still very low, we have 53 currently. Home sales continue to outstrip supply in the Stevenson Ranch community and the market action index has been moving higher for several weeks. It is a sellers market in Stevenson Ranch California, watch for upward pricing pressure - prices continuing to increase with single family homes in Stevenson Ranch CA, in the near future if this "sellers market" continues and if inventory remains low.

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Stevenson Ranch California Real Estate market update Document Transcript

  • 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 April 28, 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 STEVENSON RANCH, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
  • 2. Median List Price Median Lot Size 39.8 Percent Relisted (reset DOM) 3105 3.0 13 % Median Number of Bathrooms 72 Inventory of Properties Listed $ 265 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 779,900 34 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 6 % 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 11 04129 543.0 14 3.0 3 95 5.0 13 76 1 2 0.25 - 0.50 acre 18 $ 759,950 2 3 14 5.0 8,001 - 10,000 sqft 14.0 1960 6,501 - 8,000 sqft 13 $ 564,950 4.0 63 8,001 - 10,000 sqft$ 825,000 5.0$ 1,229,000 13 2 3415 The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Monday April 28, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 13 2916 3.0 The median list price in STEVENSON RANCH, CA this week is $779,900. The 53 properties have been on the market for an average of 72 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±+ == ≠≠ ≠= STEVENSON RANCH, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 53 $ 2,999,900 $ 459,900 $ 873,463 14 Trend Key: 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. Page 2 of 6 Single Family Homes in
  • 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 28, 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 have generally settled at a plateau, although Quartile 1 has been trending a bit downward 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. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 28, 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. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 28, 2014 Market Action Index The STEVENSON RANCH market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 39.82 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
  • 6. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday April 28, 2014 Days on Market The properties have been on the market for an average of 72 days. Half of the listings have come newly on the market in the past 35 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