The median home price in Castaic, CA this week is $249,500. While inventory and time on market have been increasing recently, the improving Market Action Index suggests increased demand may offset these negative trends. Home sales have exceeded new listings for several weeks, but prices have continued to fall. The market is considered a seller's market, so prices are expected to stabilize soon, and could potentially rise if sales remain strong.

1. Monday September 1, 2014
CASTAIC, CA Paris911 Intel Reports
Executive Summary
This Week
The median list price in CASTAIC, CA this week is $249,500.
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some
increased demand will temper the negative trends.
Supply and Demand
$ 449,999 3.0
Condos - Townhomes
0 %
Asking Price Per Square Foot
Median Number of Bedrooms
No change Strong upward trend Strong downward trend
±+ == ≠≠
= ≠
1932 7 0
3.0
0
3.0 0
Slight upward trend Slight downward trend
2.0 30 7
2.0
0
35
3.0 1
18
0
0
32
$ 249,500
1
2
1004
1
$ 199,950
4.0
42
$ 429,900
7
1
2330
Again this week we see a downward notch for prices. Pricing has
been weak in recent weeks and versus their absolute-high levels.
The Market Action Index is a good leading indicator for the
durability of this trend.
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.
1
1419
1.5
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 Square Feet Beds Baths Age Inventory New Absorbed DOM
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49.3
Percent Relisted (reset DOM)
1419
2.0
Median Number of Bathrooms
24
Median List Price
Average Days on Market (DOM)
$ 190
Percent Flip (price increased)
Median House Size (sq ft)
$ 249,500
0 %
3.0
Market Action Index
0 %
Percent of Properties with Price Decrease
Strong Seller's
≠≠
≠≠
==
==
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