Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Newhall real estate and housing market update 2015.146

892 views

Published on

Santa Clarita real estate presents http://paris911.com Newhall California housing market update by The Paris911 Team at REMAX of Valencia California. I'm Connor with Honor with Paris with Tetris :) When you are ready you can find all of the real estate listings at our main Santa Clarita real estate website of http://paris911.com We will be here when you are ready for Newhall California real estate and homes.

Published in: Real Estate
  • Be the first to comment

  • Be the first to like this

Newhall real estate and housing market update 2015.146

  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 May 25, 2015 · 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 NEWHALL, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
  2. 2. Median List Price Median Lot Size 42.8 Percent Relisted (reset DOM) 2331 3.0 0 % Median Number of Bathrooms 84 Inventory of Properties Listed $ 263 Percent Flip (price increased) 8,001 - 10,000 sqft Median House Size (sq ft) $ 590,000 36 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 4 % 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 29 03423 1273.0 43 4.0 0 90 4.0 11 24 0 0 0.50 - 1.0 acre 49 $ 549,900 3 3 12 3.0 8,001 - 10,000 sqft 13.0 1560 6,501 - 8,000 sqft 11 $ 450,150 4.0 98 8,001 - 10,000 sqft$ 680,000 4.0$ 995,000 36 1 2519 Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit. Monday May 25, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 11 2136 2.5 The median list price in NEWHALL, CA this week is $590,000. The 45 properties have been on the market for an average of 84 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±+ == ≠≠ ≠= NEWHALL, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 45 $ 1,679,000 $ 304,000 $ 683,401 39 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 | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday May 25, 2015 Median Price This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend. 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 NEWHALL, CA Monday May 25, 2015 Price per Square Foot In a market where prices are rising mildly, 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 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 | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday May 25, 2015 Market Action Index The NEWHALL market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 42.83 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 | www.Paris911.com | 661-400-1720 City Overview NEWHALL, CA Monday May 25, 2015 Days on Market The properties have been on the market for an average of 84 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

×