Santa Clarita CA real estate and market update 2014-083

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 ofMarch 24, 2014

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

SANTA CLARITA, CA

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

Median List Price

Median Lot Size

41.9

Percent Relisted (reset DOM)

2300

3.0

8 %

Median Number of Bathrooms

72

Inventory of Properties Listed

$ 236

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 529,900

31 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %

Percent of Properties with Price Decrease

Seller's Advantage

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±+

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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 13374

623.0 26

3.0

4

52

4.0 26

75

2

6

6,501 -8,000 sqft

47

$ 467,000

3

2

27

3.0

4,501 -6,500 sqft

63.0

1350 6,501 -8,000 sqft

26

$ 365,000

4.0

98

6,501 -8,000 sqft$ 600,107

5.0$ 774,250

11

4

2660

Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.

Monday March 24, 2014

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

26

2028

2.0

The median list price in SANTACLARITA, CA this week is $529,900.The 105 properties have been on themarket for an average of 72 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±+

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SANTA CLARITA, CACity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

105

$ 25,000,000

$ 84,500

$ 821,335

25

Trend Key:

The market has been cooling overtime and prices have recentlyflattened. Despite the consistentdecrease in Market Action Index(MAI), we're in a Seller's Market(where significant demand leaveslittle inventory available). If theMAI begins to climb, prices will likelyfollow suit. If the MAI dropsconsistently or falls into the Buyer'szone, watch for downward pressure

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Single Family Homes in


City OverviewSANTA CLARITA, CA


Median PriceWhile this week the median didn't fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market ActionIndex into the Buyer's zone will be a leading indicator of the price strength subsiding.

90-day Average7-day Average

Quartile PricesThe market is showing mild price weakness lately. Quartiles 1 and 2 are basically flat. Notice however, that Quartile 4 at thelow-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen but supply isstill relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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Market Action IndexThe SANTA CLARITA market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index standsat 41.92 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

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 72 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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Santa Clarita CA real estate and market update 2014-083

Real Estate

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