Valencia CA real estate housing market update by Paris911

741 views
708 views

Published on

The Latest real estate for Valencia CA Single Family Homes update by The Paris911 Team at REMAX of Valencia CA. We have just concluded this weeks market recap for the homes, single family residences, in the city of Valencia California. Let's just say it is good news on all fronts. Both for the buyers wanting to buy Valencia CA real estate and for the Valencia CA home Sellers as well. If you want to get in on the action and obtain the best in reporting for Valencia ca go to http://paris911.com/default2.asp.pg-ValenciaCArealestatemarket

Published in: Real Estate, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
741
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Valencia CA real estate housing market update by Paris911

  1. 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 VALENCIA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
  2. 2. Median List Price Median Lot Size 55.4 Percent Relisted (reset DOM) 2322 3.0 5 % Median Number of Bathrooms 49 Inventory of Properties Listed $ 258 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 599,000 21 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 8 % Percent of Properties with Price Decrease Strong Seller's ≠ ±+ == ±+ == 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 13 33548 313.0 34 3.0 5 75 4.0 21 17 4 7 6,501 - 8,000 sqft 23 $ 535,000 7 1 21 3.5 4,501 - 6,500 sqft 23.0 1747 4,501 - 6,500 sqft 21 $ 450,000 4.0 75 6,501 - 8,000 sqft$ 625,000 4.0$ 780,000 17 6 2516 Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market. Monday April 28, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 21 2141 2.0 The median list price in VALENCIA, CA this week is $599,000. The 84 properties have been on the market for an average of 49 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±+ == ≠≠ ≠= VALENCIA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 84 $ 1,950,000 $ 319,900 $ 642,780 20 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. 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 28, 2014 Median Price Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels. 90-day Average7-day Average Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. First/Top Second/Upper Third/Lower Fourth/Bottom Page 3 of 6 Single Family Homes in
  4. 4. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 28, 2014 Price per Square Foot The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. 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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
  5. 5. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 28, 2014 Market Action Index The VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 55.41; indicating very little supply relative to the demand. 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. 6. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday April 28, 2014 Days on Market The properties have been on the market for an average of 49 days. Half of the listings have come newly on the market in the past 21 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

×