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Canyon Country Single Family Home Updates February 23, 2015


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We are the Paris911 Team in Santa Clarita Valley California This is our real estate update for February 23, 2015 and we have other resources for our real estate clients. We are proud to be of service when it comes to real estate. Find us online I'm Connor MacIvor with REMAX of Valencia CA. You can find our online services at our main Santa Clarita real estate website. Enjoy our market update.

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Canyon Country Single Family Home Updates February 23, 2015

  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 February 23, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team / 661-400-1720 CANYON COUNTRY, CA Powered by Altos Research LLC | | Copyright ©2005-2014 Altos Research LLC
  2. 2. Median List Price Median Lot Size 43.2 Percent Relisted (reset DOM) 2419 3.0 5 % Median Number of Bathrooms 94 Inventory of Properties Listed $ 256 Percent Flip (price increased) 0.25 - 0.50 acre Median House Size (sq ft) $ 530,000 23 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 13 % 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 25 24016 772.5 23 3.0 2 86 3.0 25 67 8 6 1.0 - 2.5 acres 41 $ 460,000 6 3 25 4.0 8,001 - 10,000 sqft 53.0 1328 6,501 - 8,000 sqft 25 $ 389,950 4.0 150 8,001 - 10,000 sqft$ 619,000 5.0$ 1,282,000 15 9 2924 The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market. Monday February 23, 2015 The Paris911 Team | | 661-400-1720 24 1831 2.0 The median list price in CANYON COUNTRY, CA this week is $530,000. The 99 properties have been on the market for an average of 94 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±+ == ≠≠ ≠= CANYON COUNTRY, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 99 $ 3,495,000 $ 91,000 $ 709,040 26 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. 3. The Paris911 Team | | 661-400-1720 City Overview CANYON COUNTRY, CA Monday February 23, 2015 Median Price Prices are climbing and we're nearing the market's all time high so watch the Market Action Index as an indicator of how long this trend will last. 90-day Average7-day Average Quartile Prices Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend 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. 4. The Paris911 Team | | 661-400-1720 City Overview CANYON COUNTRY, CA Monday February 23, 2015 Price per Square Foot In a market where prices are rising some, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been relatively steady around these levels in recent weeks. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
  5. 5. The Paris911 Team | | 661-400-1720 City Overview CANYON COUNTRY, CA Monday February 23, 2015 Market Action Index The CANYON COUNTRY market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 43.19 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. 6. The Paris911 Team | | 661-400-1720 City Overview CANYON COUNTRY, CA Monday February 23, 2015 Days on Market The properties have been on the market for an average of 94 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