santa clarita real estate housing report

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