Post on 15-Jul-2015
transcript
Market Update by The Paris911 Team
Santa Clarita Valley
Real Estate Report
10/29/2013
Canyon Country Condos…
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves
little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops Consistently or falls into the Buyer's zone, watch for downward pressure on prices.
Newhall Condo/town-homes…
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Santa Clarita Condos…
Home sales have been exceeding new inventory for several weeks.
However prices have not yet stopped falling. Since the market is
already in the Seller's zone, expect prices to level off very soon.
Should the sales trend continue expect that prices could climb from
there.
Stevenson Ranch Condos…
The market continues to get hotter. More sales demand and fewer
homes listed have contributed to a relatively long run of increasing
prices. Current supply and demand levels show no sign of prices
changing from their current trend.
Valencia Condos and T/H
The market has been cooling over time and prices have recently
flattened. Despite the consistent decrease in Market Action Index
(MAI), we're in a Seller's Market (where significant demand leaves
little inventory available). If the MAI begins to climb, prices will
likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.
Acton Homes
The market has been cooling over time and prices have recently
flattened. Despite the consistent decrease in Market Action Index
(MAI), we're in a Seller's Market (where significant demand leaves
little inventory available). If the MAI begins to climb, prices will
likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.
Canyon Country Homes
The market has not shown strong directional trends in terms of
supply and demand. However, inventory is sufficiently low to keep
us in the Seller's Market zone and prices have been moving upward as
evidence.
Castaic CA Homes
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
Newhall CA Homes
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
Santa Clarita Homes
Home sales have been exceeding new inventory for several weeks.
However prices have not yet stopped falling. Since the market is
already in the Seller's zone, expect prices to level off very soon.
Should the sales trend continue expect that prices could climb from
there.
Stevenson Ranch Homes
Home sales have been exceeding new inventory for several weeks.
However prices have not yet stopped falling. Since the market is
already in the Seller's zone, expect prices to level off very soon.
Should the sales trend continue expect that prices could climb from
there.
Valencia CA Homes
Market conditions have been consistently cooling in the past several
weeks. Because we're still in the Seller's zone, prices have not yet
begun to drop. It may take a few more weeks of slack demand for
prices to reflect and begin to fall. Expect prices to fall if the index
persistently falls to the Buyer's zone.
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10/29/2013