The Flat Trends are showing themselves in the Santa Clarita Condo sales

    Luxury Condos and townhomesHere is the intel as it relates to the Condo and Townhome markets in the Santa Clarita Valley Cities.

    The PDF’s with the graphical representations of the below Data can be obtained by clicking on each of the links preceding the specific Condo and town-home data that The Paris911 Team at REMAX has generated and published.

    Be safe – Reach out to our team when you are ready to sell or buy a condo, townhome or home. We will give you the data you deserve and need to make the best real estate decisions.

    Canyon Country Condo and townhome report

    The median list price in CANYON COUNTRY, CA this week is $230,000. The 43 properties have been on the market for an average of 67 days.

    Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends.

    In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

    Prices seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.

    Prices 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.

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

    Inventory of Properties listed for sale has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Indes and Days on Market Trends to gage whether buyer interest is keeping up with the available supply.

    Newhall CA Townhome and Condo report

    The median list price in NEWHALL, CA this week is $254,000. The 43 properties have been on the market for an average of 52 days.

    Inventory is upand Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit.

    Supply and Demand

    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.

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

    Prices 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.

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

    Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

    The NEWHALL market is currently in the Seller’s Advantage zone (greater than 30). The 90-day Market Action Index stands at 40.60 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

    Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

    The properties have been on the market for an average of 52 days. Half of the listings have come newly on the market in the past 21 or so days.

    Santa Clarita Condo and townhome report

    The median list price in SANTA CLARITA, CA this week is $295,000. The 16 properties have been on the market for an average of 50 days.

    Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.

    Supply and Demand

    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.

    Prices seem to have plateaued here at the all time high. When we see these conditions, we pay close attention to the Market Action Index to gauge the leading indicators and whether prices will fall from here.

    Prices 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.

    The market’s downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

    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.

    The SANTA CLARITA market is currently quite strongly in the Seller’s Advantage zone (greater than 30). The 90-day Market Action Index stands at 56.28; indicating very little supply relative to the demand.

    Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

    The properties have been on the market for an average of 50 days. Half of the listings have come newly on the market in the past 21 or so days.

    Stevenson Ranch Condo and townhome report

    The median list price in STEVENSON RANCH, CA this week is $379,000. The 14 properties have been on the market for an average of 21 days.

    Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit.

    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.

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

    Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 1 have been in price decline in recent weeks, with Quartiles 2 and 3 remaining basically flat. Look to the Market Action Index as a leading indicator of the bottom of the market.

    This is a market where watching the value metrics (like price per square foot) can provide insight that you don’t get at first glance. 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 getting more for their money.

    Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

    The STEVENSON RANCH market is currently quite strongly in the Seller’s Advantage zone (greater than 30). The 90-day Market Action Index stands at 52.79; indicating very little supply relative to the demand.

    Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

    The properties have been on the market for an average of 21 days. Half of the listings have come newly on the market in the past 4 or so days.

    Valencia California Condo and townhome report

    The median list price in VALENCIA, CA this week is $329,900. The 59 properties have been on the market for an average of 67 days.

    Inventory is up and Market Action is trending down recently. While days- on-market appears to be trending lower, the overall conditions are weakening a bit.

    Supply and Demand

    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.

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

    Prices 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.

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

    Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

    The VALENCIA market is currently quite strongly in the Seller’s Advantage zone (greater than 30). The 90-day Market Action Index stands at 45.19; indicating very little supply relative to the demand.

    Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

    The properties have been on the market for an average of 67 days. Half of the listings have come newly on the market in the past 21 or so days.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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