Los Angeles housing market update Northridge 91325 homes 2014 349

MARKET UPDATEParis911 Intel Reports

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofDecember 15, 2014

· Presented by Connor and Paris MacIvor / REMAX of Santa Clarita CAREMAX of Valencia CA / The Paris911 Teamwww.Paris911.com / [email protected]

NORTHRIDGE, CA91325

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Median List Price

Median Lot Size

42.8

Percent Relisted (reset DOM)

2104

2.0

5 %

Median Number of Bathrooms

92

Inventory of Properties Listed

$ 286

Percent Flip (price increased)

8,001 - 10,000 sqft

Median House Size (sq ft)

$ 595,495

39 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

14 %

Percent of Properties with Price Decrease

Seller's Advantage

≠≠

±+

±+

==

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

51 33114

562.0 56

3.0

1

104

3.0 19

79

2

10

0.25 - 0.50acre

62

$ 549,000

4

3

19

3.5

8,001 -10,000 sqft

43.0

1554 4,501 -6,500 sqft

18

$ 449,900

4.0

133

0.25 - 0.50acre$ 674,500

4.0$ 850,500

48

6

2478

Inventory has been lightening latelyand the Market Action Index has beentrending up. Though days-on-marketis increasing, these are mildly positiveindications for the market.

Monday December 15, 2014

The Paris911 Team | www.Paris911.com | 661-400-1720

18

1953

2.0

The median list price in NORTHRIDGE,CA this week is $595,495. The 74properties have been on the marketfor an average of 92 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

NORTHRIDGE, CACity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

74

$ 2,240,000

$ 379,000

$ 666,451

50

Trend Key:

Home sales continue to outstripsupply and the Market Action Indexhas been moving higher for severalweeks. This is a Seller's market sowatch for upward pricing pressure inthe near future if the trendcontinues.

Page 2 of 11

Single Family Homes in


City OverviewNORTHRIDGE, CA


Median PriceDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

90-day Average7-day Average

Quartile PricesPrices have generally settled at a plateau, although Quartile 2 has been trending a bit downward in recent weeks. We'll need tosee a persistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 11





Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 4 of 11





Market Action IndexThe NORTHRIDGE market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at42.83 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 11





Days on MarketThe properties have been on the market for an average of 92 days. Half of the listings have come newly on the market in thepast 63 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 11


Median List Price

Median Lot Size

40.8

Percent Relisted (reset DOM)

2270

2.0

6 %

Median Number of Bathrooms

95

Inventory of Properties Listed

$ 282

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 622,250

33 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

Percent of Properties with Price Decrease

Seller's Advantage

≠≠

±+

±+

≠≠

=

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

51 13095

692.0 55

3.0

0

89

3.0 9

61

0

6

0.25 - 0.50acre

61

$ 589,000

3

2

9

4.0

0.25 - 0.50acre

13.0

1600 4,501 -6,500 sqft

9

$ 490,000

4.0

160

0.25 - 0.50acre$ 689,900

4.0$ 852,000

51

4

2685

Inventory is tightening and days-on-market is falling. The Market ActionIndex shows demand heating up.These are relatively bullish signs forprices.



9

1853

2.0

The median list price in NORTHRIDGE,CA 91325 this week is $622,250. The36 properties have been on themarket for an average of 95 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

== ≠≠

≠=

NORTHRIDGE, CA91325

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

36

$ 1,000,000

$ 389,500

$ 660,027

50

Trend Key:

While the Market Action Index showssome strengthening in the last fewweeks, prices have not seemed tomove from their plateau. Should theupward trend in sales relative toinventory continue, expect prices toresume an upward climb in tandemwith the MAI.

Page 7 of 11



Neighborhood DetailNORTHRIDGE, CA

91325


Median PriceThis week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand willbe reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


Page 8 of 11




91325


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


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 9 of 11




91325


Market Action IndexThe NORTHRIDGE, 91325 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Indexstands at 40.77 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before thewhole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal aslowdown for the whole group.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 10 of 11




91325


Days on MarketThe properties have been on the market for an average of 95 days. Half of the listings have come newly on the market in thepast 66 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 11 of 11
