Los Angeles County Housing MarketJuly 9, 2014 - Two Years of History - Single Family Residences

Median Sold Price

With the most recent

low point back June of

2012 and with an all

time high for Single

Family Homes closing

June of 2014…

We see buyer activity

continuing to

increase…

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Supply of Inventory

This dynamic has

been up to an all time

high back December

of 2013.

Today the market is

still lacking the

additional inventory to

move it from a sellers

to a buyers market.

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Days on Market

You can see that June

2012 - we had an

average of 72-74 days

it took before a

property entered

escrow.

Closing out June of

2014 - we have that

number cut almost in

half - Homes are

selling faster than

ever…

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Sales Versus Sold

There is no doubt

homes have gotten

more expensive from

June of 2012 to

Present.

The question is going

to be if we are going to

get the extra inventory

necessary to start

depressing sale

prices.

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Supply and Demand

Less real estate

listings are selling as

compared with June of

2012.

Less single family

residences are for

sale at the closing of

June 2014 as

compared with June of

2012…

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Expired Listings

This is an interesting

trend. When homes

are being priced more

than buyers are

willing to pay - we see

more expired real

estate listings enter

the market.

Most listings have a 3

to 6 month timeframe,

on average…

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Sold Properties

The numbers of sold

homes is down 20% as

compared with June of

2012.

Fewer homes are

selling today as

compared to two

years ago…

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In Escrow

Small Change - this

graph represents the

numbers of Single

Family Homes, in all of

Los Angeles County

California, that

entered escrow from

the active status…

Hence, Under

Contract…

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Where does that leave us?Buyers are still moving and buying real estate.

Properties have gotten more expensive.

The “listing prices” are being reduced at a very high rate.

In some of the local Los Angeles County areas, we are

seeing more for sale inventory being added daily.

Interest rates are still around 4%.

The market is attempting to move from a sellers market to a

buyers real estate market, but lacking the inventory to do

so.

www.Paris911.com

www.Paris911.com/Reports

www.Paris911.com/MLS

By The Paris911 Team

RE/MAX of Santa Clarita

Local Realtors

BRE #01239257

25101 The Old Road

Santa Clarita CA, 91381

661-400-1720

Connor T. MacIvor