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Valencia single family homes update by Paris911 Realtors

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http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in VALENCIA, CA this week is $599,900. The 95 properties have been on the market for an average of 56 …

http://paris911.com/default.asp.pg-CustomSantaClaritaMarketReportRequestform The median list price in VALENCIA, CA this week is $599,900. The 95 properties have been on the market for an average of 56 days.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. 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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  • 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 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 VALENCIA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC
  • 2. Median List Price Median Lot Size 55.1 Percent Relisted (reset DOM) 2336 3.0 2 % Median Number of Bathrooms 56 Inventory of Properties Listed $ 253 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 599,900 35 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 3 % 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 12 43676 383.0 26 3.0 4 57 4.0 24 50 4 2 6,501 - 8,000 sqft 30 $ 570,000 6 3 24 3.0 4,501 - 6,500 sqft 13.0 1809 4,501 - 6,500 sqft 24 $ 457,000 4.0 80 4,501 - 6,500 sqft$ 622,500 4.0$ 799,000 15 12 2566 The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Monday May 26, 2014 The Paris911 Team | www.Paris911.com | 661-400-1720 23 2086 2.0 The median list price in VALENCIA, CA this week is $599,900. The 95 properties have been on the market for an average of 56 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 95 $ 1,780,000 $ 369,900 $ 634,110 19 Trend Key: In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Page 2 of 6 Single Family Homes in
  • 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 26, 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. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 26, 2014 Price per Square Foot While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money. 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 VALENCIA, CA Monday May 26, 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 55.14; 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. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 26, 2014 Days on Market The properties have been on the market for an average of 56 days. Half of the listings have come newly on the market in the past 28 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