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Stevenson Ranch real estate and market update 2014-083


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We are a real estate team serving the greater Los Angeles Cities. Our Monday market update reports are about the market data and housing market intel for the Santa Clarita Valley cities. Our Team name is known as and we are REMAX of Valencia CA realtors, that site is located at Reach out to us and our market updates cover the Santa Clarita Valley markets, including Acton, Castaic, Canyon Country, Saugus, Santa Clarita, Stevenson Ranch and Valencia. Be safe - search well and thanks for checking out our real estate and housing market reports.

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Stevenson Ranch real estate and market update 2014-083

  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 March 24, 2014 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team / 661-400-1720 STEVENSON RANCH, CA Powered by Altos Research LLC | | Copyright ©2005-2013 Altos Research LLC
  2. 2. Median List Price Median Lot Size 38.6 Percent Relisted (reset DOM) 2882 3.0 7 % Median Number of Bathrooms 76 Inventory of Properties Listed $ 266 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 735,000 27 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 15 % 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 34144 642.8 18 3.0 0 76 4.0 10 45 1 2 8,001 - 10,000 sqft 24 $ 639,900 0 1 11 5.0 8,001 - 10,000 sqft 13.0 1840 4,501 - 6,500 sqft 10 $ 495,000 4.5 125 8,001 - 10,000 sqft$ 792,296 5.0$ 1,112,500 14 1 3316 Demand measured by the Market Action Index is increasing and days- on-market is trending downward. Even as more properties come available, these are positive trends for the market. Monday March 24, 2014 The Paris911 Team | | 661-400-1720 10 2375 3.0 The median list price in STEVENSON RANCH, CA this week is $735,000. The 41 properties have been on the market for an average of 76 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 41 $ 1,699,900 $ 470,000 $ 779,306 16 Trend Key: Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there. Page 2 of 6 Single Family Homes in
  3. 3. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday March 24, 2014 Median Price Prices seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here. 90-day Average7-day Average Quartile Prices Price weakness is evident across the board. Quartiles 1, 3, and 4 have been in price decline in recent weeks, with Quartile 2 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market. 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 STEVENSON RANCH, CA Monday March 24, 2014 Price per Square Foot We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro- location variables. 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. 5. The Paris911 Team | | 661-400-1720 City Overview STEVENSON RANCH, CA Monday March 24, 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 38.55 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 STEVENSON RANCH, CA Monday March 24, 2014 Days on Market The properties have been on the market for an average of 76 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