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Valencia CA Real Estate and Housing Market Update 2015.148

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Valencia CA real estate and housing market http://paris911.com update by Connor and Paris MacIvor with REMAX of Valencia California. We have been working in real estate, representing buyers and sellers of Valencia CA homes and Properties since 1998 and 1999 respectively. Please let us know when you are ready to obtain these reports for yourselves and when you are ready for our consultation services so we may give you the information that you will need to make the best decisions concerning Valencia California real estate and housing.

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Valencia CA Real Estate and Housing Market Update 2015.148

  1. 1. MARKET UPDATE Paris911 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 of May 25, 2015 · Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CA REMAX of Valencia CA / The Paris911 Team www.Paris911.com / remax@paris911.com 661-400-1720 VALENCIA, CA Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
  2. 2. Median List Price Median Lot Size 60.3 Percent Relisted (reset DOM) 2308 3.0 4 % Median Number of Bathrooms 47 Inventory of Properties Listed $ 266 Percent Flip (price increased) 4,501 - 6,500 sqft Median House Size (sq ft) $ 607,200 22 % 4.0 Market Action Index Median Number of Bedrooms Asking Price Per Square Foot 4 % 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 measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer. Supply and Demand Characteristics per Quartile 12 23475 412.8 30 3.0 5 30 4.0 28 56 5 7 6,501 - 8,000 sqft 31 $ 532,500 7 7 28 3.5 4,501 - 6,500 sqft 43.0 1600 4,501 - 6,500 sqft 28 $ 440,000 4.0 60 4,501 - 6,500 sqft$ 639,000 5.0$ 774,900 15 7 2343 The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market. Monday May 25, 2015 The Paris911 Team | www.Paris911.com | 661-400-1720 28 2029 2.0 The median list price in VALENCIA, CA this week is $607,200. The 112 properties have been on the market for an average of 47 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±+ == ≠≠ ≠= VALENCIA, CA City Overview Least Expensive Listing Average List Price Average Age of Listing 112 $ 1,785,000 $ 210,000 $ 616,977 22 Trend Key: The market has started cooling and prices have been flat for several weeks. Since we're in the Seller's zone, watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. Page 2 of 6 Single Family Homes in
  3. 3. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 25, 2015 Median Price Prices have been hovering around the market's high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels. 90-day Average7-day Average Quartile Prices Prices 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 Page 3 of 6 Single Family Homes in
  4. 4. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 25, 2015 Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. 90-day Average7-day Average Inventory of Properties Listed for Sale Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 90-day Average7-day Average Page 4 of 6 Single Family Homes in
  5. 5. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 25, 2015 Market Action Index The VALENCIA market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 60.27; indicating very little supply relative to the demand. Buyers/Sellers Cutoff90-day Average Market Action Index per Quartile Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. First/Top Second/Upper Third/Lower Fourth/Bottom Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction. Page 5 of 6 Single Family Homes in
  6. 6. The Paris911 Team | www.Paris911.com | 661-400-1720 City Overview VALENCIA, CA Monday May 25, 2015 Days on Market The properties have been on the market for an average of 47 days. Half of the listings have come newly on the market in the past 28 or so days. 90-day Average7-day Average Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. First/Top Second/Upper Third/Lower Fourth/Bottom Page 6 of 6 Single Family Homes in

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