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Santa Clarita valley condo and townhome update March 5, 2015

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Santa Clarita valley condo and townhome update March 5, 2015

  1. 1. 25 21419 972.0 28 2.0 0 87 2.0 10 139 1 4 30 $ 239,450 1 1 10 2.0 12.0 848 10 $ 213,999 2.0 89 $ 267,448 3.0$ 329,998 26 3 1127 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. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market. CANYON COUNTRY, CA Paris911 Intel Reports Executive Summary 10 1007 2.0 Monday March 2, 2015 The median list price in CANYON COUNTRY, CA this week is $252,400. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet The Paris911 Team | www.Paris911.com | 661-400-1720 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠= Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Condos - Townhomes 45.8 Percent Relisted (reset DOM) 1071 2.0 5 % Median Number of Bathrooms 103 Median List Price Average Days on Market (DOM) $ 234 Percent Flip (price increased) Median House Size (sq ft) $ 252,400 28 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 18 % Percent of Properties with Price Decrease Strong Seller's ±+ ±+ == ≠≠ Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average7-Day Rolling Average
  2. 2. 42 11228 192.0 26 2.0 1 42 2.0 6 111 0 1 52 $ 231,500 2 0 7 2.0 12.0 864 6 $ 173,500 2.0 111 $ 245,000 2.0$ 323,850 48 1 1109 The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. 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. The Market Action Index has been trending down recently, but as days-on-market decreases also, there are not strong signals for the direction of the market. NEWHALL, CA Paris911 Intel Reports Executive Summary 6 968 1.5 Monday March 2, 2015 The median list price in NEWHALL, CA this week is $239,000. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet The Paris911 Team | www.Paris911.com | 661-400-1720 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠= Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Condos - Townhomes 47.8 Percent Relisted (reset DOM) 970 2.0 0 % Median Number of Bathrooms 72 Median List Price Average Days on Market (DOM) $ 227 Percent Flip (price increased) Median House Size (sq ft) $ 239,000 12 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 8 % Percent of Properties with Price Decrease Strong Seller's ±+ ±+ ≠≠ ±+ Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average7-Day Rolling Average
  3. 3. 1 02409 942.0 10 2.0 1 110 2.0 6 82 0 0 20 $ 327,450 1 0 6 4.0 12.2 1001 6 $ 267,500 3.0 48 $ 377,972 5.0$ 492,101 18 0 1422 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. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. 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. SANTA CLARITA, CA Paris911 Intel Reports Executive Summary 5 1404 2.0 Monday March 2, 2015 The median list price in SANTA CLARITA, CA this week is $355,000. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet The Paris911 Team | www.Paris911.com | 661-400-1720 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠= Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Condos - Townhomes 44.6 Percent Relisted (reset DOM) 1404 2.0 4 % Median Number of Bathrooms 85 Median List Price Average Days on Market (DOM) $ 258 Percent Flip (price increased) Median House Size (sq ft) $ 355,000 30 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 13 % Percent of Properties with Price Decrease Seller's Advantage ±+ = ≠≠ ≠≠ Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average7-Day Rolling Average
  4. 4. 12 01838 582.5 25 2.0 0 112 3.0 3 77 0 1 25 $ 350,000 1 0 3 2.5 02.0 963 2 $ 309,900 3.0 24 $ 472,450 3.0$ 565,000 12 0 1680 The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. 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. The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs for the market. STEVENSON RANCH, CA Paris911 Intel Reports Executive Summary 2 1232 2.0 Monday March 2, 2015 The median list price in STEVENSON RANCH, CA this week is $372,500. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet The Paris911 Team | www.Paris911.com | 661-400-1720 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠= Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Condos - Townhomes 48.1 Percent Relisted (reset DOM) 1403 2.0 0 % Median Number of Bathrooms 68 Median List Price Average Days on Market (DOM) $ 287 Percent Flip (price increased) Median House Size (sq ft) $ 372,500 30 % 3.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 0 % Percent of Properties with Price Decrease Strong Seller's ±+ = = == Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average7-Day Rolling Average
  5. 5. 14 11936 722.0 20 1.0 4 62 2.0 13 68 0 2 27 $ 329,000 3 3 13 3.0 12.0 790 13 $ 245,500 3.0 73 $ 360,000 3.0$ 489,900 12 2 1320 The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb. 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. VALENCIA, CA Paris911 Intel Reports Executive Summary 13 1120 1.0 Monday March 2, 2015 The median list price in VALENCIA, CA this week is $344,995. Investigate the market in quartiles - where each quartile is 25% of homes ordered by price. Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSquare Feet The Paris911 Team | www.Paris911.com | 661-400-1720 No change Strong upward trend Strong downward trend Slight upward trend Slight downward trend ±+ == ≠≠ ≠= Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC Condos - Townhomes 44.4 Percent Relisted (reset DOM) 1218 2.0 0 % Median Number of Bathrooms 69 Median List Price Average Days on Market (DOM) $ 285 Percent Flip (price increased) Median House Size (sq ft) $ 344,995 19 % 2.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 8 % Percent of Properties with Price Decrease Seller's Advantage ±+ ±+ ≠≠ ±+ Bottom/Fourth Lower/Third Upper/Second Top/First This Week Supply and Demand Real-Time Market Profile Trend Price Price Trends Market Action Index 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 Seller's Market conditions. Below 30, conditions favor the buyer. Quartiles Characteristics per Quartile 90-Day Rolling Average7-Day Rolling Average Buyer/Seller Cutoff 90-Day Rolling Average7-Day Rolling Average

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