Stevenson Ranch single family homes report by Paris911 Team of Agents
 

Stevenson Ranch single family homes report by Paris911 Team of Agents

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http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in STEVENSON RANCH, CA this week is $754,500. The 60 properties have been on the market for an ...

http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in STEVENSON RANCH, CA this week is $754,500. The 60 properties have been on the market for an average of 60 days.
Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.
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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Stevenson Ranch single family homes report by Paris911 Team of Agents Stevenson Ranch single family homes report by Paris911 Team of Agents 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 STEVENSON RANCH, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
  • Median List Price Median Lot Size 38.6 Percent Relisted (reset DOM) 3086 3.0 3 % Median Number of Bathrooms 60 Inventory of Properties Listed $ 261 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 754,500 52 % 4.5 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 3 % 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 10 34129 493.0 16 3.0 5 55 5.0 15 79 1 1 8,001 - 10,000 sqft 17 $ 729,000 0 2 15 5.0 8,001 - 10,000 sqft 23.0 2158 8,001 - 10,000 sqft 15 $ 575,000 5.0 58 8,001 - 10,000 sqft$ 779,999 5.0$ 1,199,000 15 1 3395 Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends. Monday May 26, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 15 2907 3.0 The median list price in STEVENSON RANCH, CA this week is $754,500. The 60 properties have been on the market for an average of 60 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 60 $ 3,750,000 $ 459,900 $ 915,433 15 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 STEVENSON RANCH, CA Monday May 26, 2014 Median Price The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift. 90-day Average7-day Average Quartile Prices Segmented into quartiles, We see the market showing mild price weakness. Quartiles 2 and 3 are basically flat while Quartile 1 is down in recent weeks. Notice however, that Quartile 4 at the low-end of the market is still on an up-trend. 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 STEVENSON RANCH, 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
  • The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview STEVENSON RANCH, CA Monday May 26, 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 38.56 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 STEVENSON RANCH, CA Monday May 26, 2014 Days on Market The properties have been on the market for an average of 60 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