Valencia CA Single Family Homes update by REMAX's Paris911 Team

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]

VALENCIA, CA

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

Median List Price

Median Lot Size

50.7

Percent Relisted (reset DOM)

2336

3.0

2 %

Median Number of Bathrooms

50

Inventory of Properties Listed

$ 257

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 595,000

26 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

6 %

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

11 53548

263.0 30

3.0

7

71

4.0 23

23

4

7

6,501 -8,000 sqft

22

$ 555,000

9

1

24

3.5

4,501 -6,500 sqft

23.0

1724 4,501 -6,500 sqft

23

$ 444,500

4.0

80

4,501 -6,500 sqft$ 632,774

4.0$ 850,000

17

5

2750

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

Monday April 7, 2014

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

23

1962

2.0

The median list price in VALENCIA, CAthis week is $595,000. The 93properties have been on the marketfor an average of 50 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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≠=

VALENCIA, CACity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

93

$ 1,795,000

$ 325,000

$ 639,598

21

Trend Key:

Home sales continue to outstripsupply and the Market Action Indexhas been moving higher for severalweeks. This is a Seller's market sowatch for upward pricing pressure inthe near future if the trendcontinues.

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Single Family Homes in


City OverviewVALENCIA, CA


Median PricePrices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we seeprices deviate from these levels.

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 value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. Theseconditions can arise when inventory is light and more, smaller homes have more influence on overall prices.


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 VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 50.75; 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 50 days. Half of the listings have come newly on the market in thepast 21 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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Valencia CA Single Family Homes update by REMAX's Paris911 Team

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