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
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