The median home price in Castaic, CA this week is $514,900. While inventory has been decreasing, the market action index is also falling as days on market increase, signaling negative conditions for sellers. The report analyzes housing data by price quartiles and finds the market is achieving a stable point with inventory low enough to remain in sellers' favor, though changes in demand will impact prices.

1. Monday September 1, 2014
Paris911 Intel Reports CASTAIC, CA
Executive Summary
This Week
The median list price in CASTAIC, CA this week is $514,900.
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.
Supply and Demand
$ 899,000 4.0
Single Family Homes
Asking Price Per Square Foot
Median Lot Size
5 %
Median Number of Bedrooms
No change Strong upward trend Strong downward trend
±+ == ≠≠
= ≠
3000 26 3
2
Slight upward trend Slight downward trend
3.0 14 61
3.0
1
56
3.5 14
56
1
2
2.5 - 5.0
acres
23
$ 464,950
3
14
3.0
4,501 -
6,500 sqft
3.0 2
1523 6,501 -
8,000 sqft
14
$ 357,500
4.0
82
6,501 -
$ 549,950 8,000 sqft
14
3
2819
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.
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.
13
2004
2.0
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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
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44.1
Percent Relisted (reset DOM)
2260
3.0
Median Number of Bathrooms
64
Median List Price
Average Days on Market (DOM)
$ 226
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 514,900
42 %
4.0
Market Action Index
5 %
Percent of Properties with Price Decrease
Seller's Advantage
±+
±+
==
±+
Top/First
Upper/Second
Lower/Third
Bottom/Fourth
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
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
7-Day Rolling Average 90-Day Rolling Average