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Monday April 6, 2015
Paris911 Intel Reports
Executive Summary
CANYON COUNTRY, CA
Condos - Townhomes
This Week
Real-Time Market Profile
Median List Price
Asking Price Per Square Foot
Average Days on Market (DOM)
Percent of Properties with Price Decrease
Percent Relisted (reset DOM)
Percent Flip (price increased)
Median House Size (sq ft)
Median Number of Bedrooms
Median Number of Bathrooms
The median list price in CANYON COUNTRY, CA this week is
$249,950.
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these
are mildly positive indications for the market.
Market Action Index
Supply and Demand
While the Market Action Index shows some strengthening in the last
few weeks, prices have not seemed to move from their plateau.
Should the upward trend in sales relative to inventory continue,
expect prices to resume an upward climb in tandem with the MAI.
±+
No change
Trend
$ 249,950
$ 233
97
21 %
3%
3%
1084
2.0
2.0
Strong Seller's
46.5
±+
±+
=
=
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Prices appear to be hovering around their high point. Look for a
persistent down-shift in the Market Action Index before we see
prices deviate from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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 Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 374,475
1512
3.5
2.0
32
8
1
1
38
Upper/Second
$ 256,948
1127
2.0
2.0
30
8
1
2
106
Upper-middle 25% of properties
Lower/Third
$ 234,900
1007
2.0
2.0
31
9
2
1
86
Lower-middle 25% of properties
Bottom/Fourth
$ 215,000
844
2.0
2.0
31
9
2
0
150
Most expensive 25% of properties
Least expensive 25% of properties
The Paris911 Team | www.Paris911.com | 661-400-1720
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