Wed Oct 04 2017
This week the median list price for Santa Clarita, CA is $604,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 104.
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.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Wed Oct 04 2017
This week the median list price for Santa Clarita, CA is $412,000 with the market action index hovering around 72. This is less than last month's market action index of 75. Inventory has held steady at or around 16.
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI (Market Action Index). If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
September 20th, 2017 Santa Clarita Valley Real Estate Market Sales Statistics
There are 522 active properties for sale in the SCV.
488 Pending/Backup properties are in escrow in the SCV.
2,913 Closed sales in 2017. There were 2,812 closed sales last year at this time
Average price in 2016: $502,556
Average price in 2017: $528,799 +5.22 %