Acton Single Family Home report - Santa Clarita Real Estate Market

Paris911 Intel Reports
MARKET UPDATE
ACTON, CA
· 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
March 30, 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
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC
City Overview
Single Family Homes in
ACTON, CA
The Paris911 Team | www.Paris911.com | 661-400-1720
This Week
Real-Time Market Profile
The median list price in ACTON, CA
this week is $512,450. The 46
properties have been on the market
for an average of 146 days.
Trend
Median List Price
$ 512,450
Average List Price
$ 530,489
$ 229
==
Average Days on Market (DoM)
146
≠≠
Inventory of Properties Listed
46
≠≠
Asking Price Per Square Foot
Most Expensive Listing
Inventory is tightening and days-onmarket is falling. The Market Action
Index shows demand heating up.
These are relatively bullish signs for
prices.
$ 1,365,000
Least Expensive Listing
$ 140,000
Average Age of Listing
26
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
22 %
Percent Flip (price increased)
2%
Median House Size (sq ft)
2253
Median Lot Size
Supply and Demand
±+
1.0 - 2.5 acres
Median Number of Bedrooms
3.5
Median Number of Bathrooms
2.5
Altos Research Value Statistics
Home sales have been exceeding
new inventory for several weeks.
Since this is a Buyer's market prices
are not yet moving higher as excess
inventory is consumed. However, as
the supply and demand trends
continue, the market moves into the
Seller's zone, and we are likely to
see upward pressure on pricing.
Market Action Index
Buyer's Advantage
29.2
==
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.
Trend Key:
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
No change
Characteristics per Quartile
Quartile
Median Price
Sq. Ft. Lot Size
Beds
Baths
Age Inventory New
Absorbed
DOM
Top/First
$ 735,000
3312
2.5 - 5.0
acres
4.0
4.0
12
11
2
1
183
Most expensive 25% of properties
Upper/Second
$ 619,000
2625
1.0 - 2.5
acres
4.0
3.0
15
11
2
2
205
Upper-middle 25% of properties
Lower/Third
$ 457,450
1814
1.0 - 2.5
acres
3.0
2.0
31
12
0
4
113
Lower-middle 25% of properties
Bottom/Fourth
$ 287,475
1398
1.0 - 2.5
acres
3.0
2.0
32
12
1
1
90
Page 2 of 6
Monday March 30, 2015
Least expensive 25% of properties
Single Family Homes in
City Overview
ACTON, CA
The Paris911 Team | www.Paris911.com | 661-400-1720
Median Price
Price trends continued their recent uptrend this week. While still below the market's high point, we may be seeing the start of a
good price stretch here.
7-day Average
90-day Average
Quartile Prices
Prices 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.
First/Top
Page 3 of 6
Second/Upper
Third/Lower
Monday March 30, 2015
Fourth/Bottom
Single Family Homes in
City Overview
ACTON, CA
The Paris911 Team | www.Paris911.com | 661-400-1720
Price per Square Foot
The price per square foot is increasing fairly consistently recently despite the fact that overall price trends haven't shown a
consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more
detailed analysis of the investment opportunity in the area.
7-day Average
90-day Average
Inventory of Properties Listed for Sale
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average
Page 4 of 6
90-day Average
Monday March 30, 2015
Single Family Homes in
City Overview
ACTON, CA
The Paris911 Team | www.Paris911.com | 661-400-1720
Market Action Index
The ACTON market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action
Index stands this week at 29.25 so buyers should expect to find reasonable levels of selection.
90-day Average
Buyers/Sellers Cutoff
Market Action Index per Quartile
Three of the four quartiles of the market are in the Seller's Market zone with relatively low amounts of inventory given the
current rate of demand for homes in the quartile. Notice that Quartile 1 (the highest-end price group) is showing weaker
demand than the others. It's not uncommon that the premium segment of the market takes longer to sell than the rest of the
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
Monday March 30, 2015
Single Family Homes in
City Overview
ACTON, CA
The Paris911 Team | www.Paris911.com | 661-400-1720
Days on Market
The properties have been on the market for an average of 146 days. Half of the listings have come newly on the market in the
past 98 or so days.
7-day Average
90-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
Page 6 of 6
Second/Upper
Third/Lower
Monday March 30, 2015
Fourth/Bottom