Santa Clarita total real estate updates 2015 episode 103

MARKET UPDATEParis911 Intel Reports

· Current Real Estate Market Conditions for Condos & Townhomes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofApril 13, 2015

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

CANYON COUNTRY, CA

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Median List Price

49.1

Percent Relisted (reset DOM)

1096

2.0

3 %

Median Number of Bathrooms

88

Inventory of Properties Listed

$ 233

Percent Flip (price increased)

Median House Size (sq ft)

$ 251,900

24 %

2.0

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

14 11666

932.0 31

2.0

1

68

2.0 9

152

2

1

30

$ 249,900

1

3

9

2.8

22.0

848

8

$ 219,900

2.5

32

$ 267,000

4.0$ 412,500

30

3

1127

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.

Monday April 13, 2015

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

8

1078

2.0

The median list price in CANYONCOUNTRY, CA this week is $251,900.The 34 properties have been on themarket for an average of 88 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

CANYONCOUNTRY, CA

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

34

$ 650,000

$ 180,000

$ 288,256

29

Trend Key:

While the Market Action Index showssome strengthening in the last fewweeks, prices have not seemed tomove from their plateau. Should theupward trend in sales relative toinventory continue, expect prices toresume an upward climb in tandemwith the MAI.

Page 2 of 6

Condos & Townhomes in


City OverviewCANYON

COUNTRY, CA


Median PriceThe market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we seeprices deviate from these levels.

90-day Average7-day Average

Quartile PricesPrices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see apersistent shift in the Market Action Index before we see prices across the board move from these levels.

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

Page 3 of 6



City OverviewCANYON

COUNTRY, CA


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 falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 4 of 6



City OverviewCANYON

COUNTRY, CA


Market Action IndexThe CANYON COUNTRY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 49.09; 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.

Page 5 of 6



City OverviewCANYON

COUNTRY, CA


Days on MarketThe properties have been on the market for an average of 88 days. Half of the listings have come newly on the market in thepast 38 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.


Page 6 of 6






CASTAIC, CA


Median List Price

30.9


1667

3.0

0 %


94


$ 227



$ 395,000

40 %

3.0

Market Action Index



0 %


Seller's Advantage

==

±+

±+

=

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


8 01932

1193.0 8

2.5

0

28

3.0 1

28

0

0

20

$ 395,000

2

0

2

3.0

02.5

1574

1

$ 316,950

3.0

266

$ 428,000

3.0$ 439,000

8

1

1667

The Market Action Index has beentrending down lately, while inventoryand days-on-market are climbing. Thetrends imply a weakening market.



1

1667

2.8

The median list price in CASTAIC, CAthis week is $395,000. The 5properties have been on the marketfor an average of 94 days.






No change



== ≠≠

≠=

CASTAIC, CACity Overview


Average List Price


5

$ 439,000

$ 249,900

$ 379,180

13

Trend Key:

In the last few weeks, the MarketAction Index has resumed a climb.Despite the fact that we're in aSeller's market, prices have not yetresumed upward momentum.However, it is likely that given theseconditions, prices will at least leveloff very soon. If the increasingtrend continues, expect that pricescould shift higher quickly.

Page 2 of 6



City OverviewCASTAIC, CA


Median PriceAgain this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.


Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.


Page 3 of 6





Price per Square FootDespite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of themarket being priced at a premium. You can investigate this condition in the quartile details.


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.


Page 4 of 6





Market Action IndexThe CASTAIC market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at30.89 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.


Market Action Index per QuartileThe higher end of the market (Quartiles 1 and 2) is in the Buyer's Market zone with several months of inventory given thecurrent rate of demand for homes in the quartile. The low-end of the market is where buyers are focusing more of theirattention. Notice that Quartiles 1 and 2 (the higher half of the market) have a Market Action Index below 30 (Buyer's Market).




Page 5 of 6









Page 6 of 6






NEWHALL, CA


Median List Price

57.5


967

2.0

6 %


66


$ 231



$ 239,000

9 %

2.0

Market Action Index



6 %


Strong Seller's

==

±+

±+

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


40 01411

1122.0 41

2.0

2

32

2.0 8

47

4

1

51

$ 226,500

3

4

9

2.0

02.0

864

8

$ 175,000

2.0

76

$ 297,974

2.5$ 364,300

45

1

1266

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



8

858

1.0

The median list price in NEWHALL, CAthis week is $239,000. The 33properties have been on the marketfor an average of 66 days.






No change



== ≠≠

≠=

NEWHALL, CACity Overview


Average List Price


33

$ 415,000

$ 129,950

$ 255,683

40

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.

Page 2 of 6



City OverviewNEWHALL, CA


Median PriceThe market appears to be hovering around these current levels, though prices movved up a bit this week. The Market ActionIndex is a good leading indicator for the durability of this shift.


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.


Page 3 of 6









Page 4 of 6





Market Action IndexThe NEWHALL market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market ActionIndex stands at 57.45; indicating very little supply relative to the demand.






Page 5 of 6









Page 6 of 6






SANTA CLARITA, CA


Median List Price

60.4


1602

3.0

8 %


71


$ 238



$ 380,000

25 %

3.0

Market Action Index



0 %


Strong Seller's

≠≠

±+

≠≠

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


1 02542

1282.0 10

2.0

2

16

2.0 3

28

1

4

30

$ 314,900

1

0

3

4.0

33.0

870

3

$ 236,900

3.0

112

$ 410,000

5.0$ 495,672

10

2

1710

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.



3

1121

1.0

The median list price in SANTACLARITA, CA this week is $380,000.The 12 properties have been on themarket for an average of 71 days.






No change



== ≠≠

≠=

SANTA CLARITA, CACity Overview


Average List Price


12

$ 496,997

$ 215,500

$ 369,256

14

Trend Key:

The market continues to get hotter.More sales demand and fewer homeslisted have contributed to arelatively long run of increasingprices. Current supply and demandlevels show no sign of priceschanging from their current trend.

Page 2 of 6



City OverviewSANTA CLARITA, CA


Median PricePrices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of theMarket Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.


Quartile PricesPrices have been mixed-to-negative trends in recent weeks. Quartile 4 is down, while the rest of the market is basically flat.Look to the Market Action Index to determine if this plateau is the stage for a prolonged price decline.


Page 3 of 6





Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.




Page 4 of 6





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 60.43; indicating very little supply relative to the demand.






Page 5 of 6









Page 6 of 6






STEVENSON RANCH,CA


Median List Price

58.9


1259

2.0

0 %


13


$ 284



$ 357,500

10 %

3.0

Market Action Index



0 %


Strong Seller's

±+

±+

±+

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


12 01838

232.5 25

2.0

0

7

3.0 3

0

1

1

24

$ 350,000

3

0

3

2.5

02.0

1035

2

$ 344,900

3.5

21

$ 382,000

3.0$ 569,950

20

0

1465

The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.



2

1232

2.0

The median list price in STEVENSONRANCH, CA this week is $357,500. The10 properties have been on themarket for an average of 13 days.






No change



== ≠≠

≠=

STEVENSONRANCH, CA

City Overview


Average List Price


10

$ 585,000

$ 319,000

$ 397,780

21

Trend Key:

Home sales have been exceedingnew inventory for several weeks.However prices have not yet stoppedfalling. Since the market is alreadyin the Seller's zone, expect prices tolevel off very soon. Should the salestrend continue expect that pricescould climb from there.

Page 2 of 6



City OverviewSTEVENSON

RANCH, CA


Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevel. The Market Action Index is a good leading indicator for the durability of this trend.




Page 3 of 6




RANCH, CA




Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


Page 4 of 6




RANCH, CA


Market Action IndexThe STEVENSON RANCH market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 58.95; indicating very little supply relative to the demand.






Page 5 of 6




RANCH, CA






Page 6 of 6






VALENCIA, CA


Median List Price

53.5


1212

2.0

2 %


37


$ 283



$ 344,950

15 %

2.0

Market Action Index



4 %


Strong Seller's

==

±+

±+

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


14 11844

642.0 20

1.0

0

22

2.0 14

28

3

1

12

$ 325,000

7

3

14

2.5

12.0

780

14

$ 250,720

2.0

34

$ 357,000

3.0$ 466,100

30

2

1252




13

1120

1.0

The median list price in VALENCIA, CAthis week is $344,950. The 55properties have been on the marketfor an average of 37 days.






No change



== ≠≠

≠=

VALENCIA, CACity Overview


Average List Price


55

$ 549,999

$ 152,000

$ 345,521

22

Trend Key:


Page 2 of 6



City OverviewVALENCIA, CA


Median PriceThe market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a goodleading indicator for the durability of this shift.




Page 3 of 6









Page 4 of 6





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 53.52; indicating very little supply relative to the demand.






Page 5 of 6









Page 6 of 6



· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics



ACTON, CA


Median List Price

Median Lot Size

32.0


2259

2.2

2 %


155


$ 220


1.0 - 2.5 acres


$ 512,450

32 %

3.5

Market Action Index



23 %


Seller's Advantage

≠≠

±+

±+

≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


18 03312

1322.0 29

3.0

2

200

3.0 11

83

2

1

5.0 - 10acres

34

$ 449,900

2

1

11

4.0

1.0 - 2.5acres

13.0

1404 1.0 - 2.5acres

11

$ 259,900

4.0

206

1.0 - 2.5acres$ 599,999

4.0$ 750,000

15

2

2625

Inventory is tightening and days-on-market is falling. But demand asmeasured by the Market Action Indexis also trending down. The market isnot giving strong up or down signalsfrom these data.



11

1949

2.0

The median list price in ACTON, CAthis week is $512,450. The 44properties have been on the marketfor an average of 155 days.





Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change



== ≠≠

≠=

ACTON, CACity Overview


Average List Price


44

$ 999,000

$ 140,000

$ 521,578

27

Trend Key:


Page 2 of 6

Single Family Homes in


City OverviewACTON, CA


Median PricePrice trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice runrecently.




Page 3 of 6





Price per Square FootIn a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that newhomes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.




Page 4 of 6





Market Action IndexThe ACTON market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.96which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.






Page 5 of 6









Page 6 of 6






CANYON COUNTRY, CA


Median List Price

Median Lot Size

47.4


2384

3.0

6 %


85


$ 244


0.25 - 0.50 acre


$ 534,500

26 %

4.0

Market Action Index



12 %


Strong Seller's

≠

±+

≠

±+

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


26 14276

463.0 26

3.0

3

59

4.0 25

81

5

7

1.0 - 2.5acres

40

$ 489,900

4

3

25

4.5

0.50 - 1.0acre

43.0

1482 8,001 -10,000 sqft

25

$ 385,000

5.0

153

8,001 -10,000 sqft$ 639,888

5.0$ 1,299,000

13

5

3274

Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.



25

2080

2.0

The median list price in CANYONCOUNTRY, CA this week is $534,500.The 100 properties have been on themarket for an average of 85 days.






No change



== ≠≠

≠=

CANYONCOUNTRY, CA

City Overview


Average List Price


100

$ 3,395,000

$ 74,900

$ 709,005

26

Trend Key:


Page 2 of 6



City OverviewCANYON

COUNTRY, CA


Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.


Quartile PricesPrice at the upper end of the market are showing signs of strength. While this strength hasn't percolated through to Quartiles 3and 4 yet, expect the low end of the market to follow up.


Page 3 of 6



City OverviewCANYON

COUNTRY, CA


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers can see more home for their money.




Page 4 of 6



City OverviewCANYON

COUNTRY, CA


Market Action IndexThe CANYON COUNTRY market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 47.39; indicating very little supply relative to the demand.






Page 5 of 6



City OverviewCANYON

COUNTRY, CA






Page 6 of 6






CASTAIC, CA


Median List Price

Median Lot Size

56.5


2052

3.0

4 %


64


$ 229


4,501 - 6,500 sqft


$ 499,950

28 %

3.5

Market Action Index



2 %


Strong Seller's

=

±+

≠≠

≠≠

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


21 22744

522.5 15

3.0

5

44

3.0 13

32

4

1

1.0 - 2.5acres

29

$ 449,000

3

3

13

2.8

6,501 -8,000 sqft

13.0

1383 4,501 -6,500 sqft

12

$ 315,000

4.0

130

4,501 -6,500 sqft$ 548,950

4.0$ 807,500

15

2

2700




12

1933

2.0

The median list price in CASTAIC, CAthis week is $499,950. The 50properties have been on the marketfor an average of 64 days.






No change



== ≠≠

≠=

CASTAIC, CACity Overview


Average List Price


50

$ 2,200,000

$ 200,000

$ 581,990

23

Trend Key:


Page 2 of 6





Median PriceDespite this week's down tic, price trends have generally been moving up lately.




Page 3 of 6





Price per Square FootThis is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at firstglance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining.Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also gettingmore for their money.




Page 4 of 6





Market Action IndexThe CASTAIC market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 56.55; indicating very little supply relative to the demand.






Page 5 of 6









Page 6 of 6






NEWHALL, CA


Median List Price

Median Lot Size

42.9


2297

2.5

0 %


71


$ 259


8,001 - 10,000 sqft


$ 549,950

24 %

4.0

Market Action Index



3 %


Seller's Advantage

±+

±+

==

=

==




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


30 13088

1032.2 41

4.0

1

48

4.0 8

43

1

1

0.25 - 0.50acre

48

$ 531,250

0

0

9

2.5

8,001 -10,000 sqft

13.0

1506 6,501 -8,000 sqft

8

$ 450,000

4.5

94

8,001 -10,000 sqft$ 627,500

4.0$ 824,950

30

1

2649

The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.



8

2028

2.0

The median list price in NEWHALL, CAthis week is $549,950. The 33properties have been on the marketfor an average of 71 days.






No change



== ≠≠

≠=

NEWHALL, CACity Overview


Average List Price


33

$ 1,679,000

$ 350,000

$ 628,080

37

Trend Key:


Page 2 of 6





Median PriceAgain this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-highlevels. The Market Action Index is a good leading indicator for the durability of this trend.




Page 3 of 6





Price per Square FootWe're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actuallyincreasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.




Page 4 of 6





Market Action IndexThe NEWHALL market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at42.86 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.






Page 5 of 6









Page 6 of 6






SANTA CLARITA, CA


Median List Price

Median Lot Size

41.9


2268

3.0

5 %


77


$ 242


6,501 - 8,000 sqft


$ 564,950

31 %

4.0

Market Action Index



6 %


Seller's Advantage

±+

±+

±+

±+

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


12 13248

563.0 28

3.0

6

72

4.0 30

51

5

5

0.25 - 0.50acre

50

$ 503,500

3

3

30

3.0

6,501 -8,000 sqft

23.0

1456 4,501 -6,500 sqft

30

$ 399,500

4.0

131

8,001 -10,000 sqft$ 620,000

4.5$ 763,900

15

5

2702

With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directionalsignal for the near-term outlook.



30

2066

2.0

The median list price in SANTACLARITA, CA this week is $564,950.The 120 properties have been on themarket for an average of 77 days.






No change



== ≠≠

≠=

SANTA CLARITA, CACity Overview


Average List Price


120

$ 23,500,000

$ 88,000

$ 859,637

27

Trend Key:

While the Market Action Index showssome strengthening in the last fewweeks, prices have not seemed tomove from their plateau. Should theupward trend in sales relative toinventory continue, expect prices toresume an upward climb in tandemwith the MAI.

Page 2 of 6





Median PricePrices have moved upward in the last few weeks and are nearing the market's all time high. A persistent drop of the MarketAction Index into the Buyer's zone will be a leading indicator of the price strength subsiding.




Page 3 of 6





Price per Square FootIn a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming onthe market are pricier, and also larger than older homes. As a result the value one can buy stays the same.




Page 4 of 6





Market Action IndexThe SANTA CLARITA market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index standsat 41.86 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.






Page 5 of 6









Page 6 of 6






STEVENSON RANCH,CA


Median List Price

Median Lot Size

45.5


3147

3.0

2 %


33


$ 271


6,501 - 8,000 sqft


$ 800,000

23 %

5.0

Market Action Index



0 %


Strong Seller's

==

±+

≠

≠≠

=




Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


11 25382

213.0 14

4.0

5

20

5.0 11

22

3

2

0.25 - 0.50acre

17

$ 795,000

3

3

11

5.5

6,501 -8,000 sqft

04.0

2215 4,501 -6,500 sqft

11

$ 624,900

5.0

71

8,001 -10,000 sqft$ 895,000

5.0$ 2,087,450

15

1

3260




10

3076

3.0

The median list price in STEVENSONRANCH, CA this week is $800,000. The43 properties have been on themarket for an average of 33 days.






No change



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STEVENSONRANCH, CA

City Overview


Average List Price


43

$ 3,600,000

$ 485,000

$ 1,075,550

14

Trend Key:

While the Market Action Index showssome strengthening in the last fewweeks, prices have settled in a bit ofa plateau. We currently in a Seller'smarket so prices will likely resumetheir climb should this trend persist.

Page 2 of 6




RANCH, CA


Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.




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RANCH, CA


Price per Square FootWhile prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strengthin a market, larger homes are coming more available and buyers can see more home for their money.




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RANCH, CA


Market Action IndexThe STEVENSON RANCH market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day MarketAction Index stands at 45.48; indicating very little supply relative to the demand.


Market Action Index per QuartileThree of the four quartiles of the market are in the Seller's Market zone with relatively low amounts of inventory given thecurrent rate of demand for homes in the quartile. Notice that Quartile 1 (the highest-end price group) is showing weakerdemand than the others. It's not uncommon that the premium segment of the market takes longer to sell than the rest of thegroup.




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RANCH, CA






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VALENCIA, CA


Median List Price

Median Lot Size

64.1


2190

3.0

6 %


54


$ 259


4,501 - 6,500 sqft


$ 573,000

19 %

4.0

Market Action Index



5 %


Strong Seller's

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±+

±+

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Bottom/Fourth

Lower/Third

Upper/Second

Top/First



Supply and Demand


18 13530

462.0 31

3.0

6

64

4.0 21

29

6

6

6,501 -8,000 sqft

36

$ 519,000

3

7

21

4.0

4,501 -6,500 sqft

73.0

1558 6,501 -8,000 sqft

21

$ 450,000

4.0

79

4,501 -6,500 sqft$ 639,000

5.0$ 785,000

19

8

2279




21

2141

2.0

The median list price in VALENCIA, CAthis week is $573,000. The 84properties have been on the marketfor an average of 54 days.






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VALENCIA, CACity Overview


Average List Price


84

$ 1,025,000

$ 410,000

$ 603,837

24

Trend Key:


Page 2 of 6





Median PriceThis week's up tic in prices has moved us a bit closer to the high-point of the market, but doesn't break us out of the downwardtrend over the last few weeks.




Page 3 of 6









Page 4 of 6





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 64.14; indicating very little supply relative to the demand.






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Page 6 of 6
