Connor mac ivor market update [sf] castaic

MARKET UPDATEParis911 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 ofApril 07, 2014

· Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CAREMAX of Valencia CA / The Paris911 Teamwww.Paris911.com / [email protected]

CASTAIC, CA

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC

Median List Price

Median Lot Size

45.8

Percent Relisted (reset DOM)

2260

3.0

2 %

Median Number of Bathrooms

86

Inventory of Properties Listed

$ 219

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 499,000

35 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %

Percent of Properties with Price Decrease

Strong Seller's

≠

±+

±+

=

±+

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 measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

14 23837

272.5 19

3.0

1

55

4.0 11

78

1

2

0.25 - 0.50acre

24

$ 455,000

6

0

11

4.0

6,501 -8,000 sqft

03.0

1522 4,501 -6,500 sqft

11

$ 359,000

5.0

195

4,501 -6,500 sqft$ 560,000

4.0$ 1,049,852

12

6

3031

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday April 7, 2014

The Paris911 Team | www.Paris911.com | 661-400-1720

10

1981

2.0

The median list price in CASTAIC, CAthis week is $499,000. The 43properties have been on the marketfor an average of 86 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±+

== ≠≠

≠=

CASTAIC, CACity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

43

$ 3,000,000

$ 249,000

$ 638,629

23

Trend Key:

In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.

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Single Family Homes in


City OverviewCASTAIC, CA


Median PriceThe market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability ofthis trend.

90-day Average7-day Average

Quartile PricesPrices 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

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Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


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Market Action IndexThe CASTAIC market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 45.76; indicating very little supply relative to the demand.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Days on MarketThe properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in thepast 35 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Connor mac ivor market update [sf] castaic

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