santa clarita housing market update santa clarita homes 2014 349

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 ofDecember 15, 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 ©2005-2014 Altos Research LLC

Median List Price

Median Lot Size

45.5

Percent Relisted (reset DOM)

2221

3.0

7 %

Median Number of Bathrooms

79

Inventory of Properties Listed

$ 238

Percent Flip (price increased)

6,501 - 8,000 sqft

Median House Size (sq ft)

$ 530,000

42 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

12 %

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

0 23000

773.0 27

3.0

2

66

4.0 27

56

5

4

6,501 -8,000 sqft

30

$ 490,000

4

4

27

3.0

6,501 -8,000 sqft

33.0

1521 6,501 -8,000 sqft

27

$ 398,800

4.0

117

6,501 -8,000 sqft$ 609,000

5.0$ 732,000

10

1

2729

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

Monday December 15, 2014

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

27

1887

2.0

The median list price in SANTACLARITA, CA this week is $530,000.The 108 properties have been on themarket for an average of 79 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

108

$ 14,300,000

$ 74,200

$ 697,795

21

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 OverviewSANTA CLARITA, CA


Median PriceThe market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see pricesdeviate 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 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 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 quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 45.54; 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 79 days. Half of the listings have come newly on the market in thepast 46 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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