This week June 16, 2014
The median list price in STEVENSON RANCH, CA this week is $765,000. Inventory and days-on-market are both trending higher recently. However, the improving Stevenson Ranch Market Action Index implies some increased demand will temper the negative trends.
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 Stevenson Ranch Market Action Index.
Prices
The Stevenson Ranch real estate market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. Keep an eye on the percent of properties with price decreases this week it's 54%. Back on May 5, 2014 the percentage of properties with price decreases was only 36%.
There are a few reasons why this percentage is trending higher this week. As more inventory hits the market, Realtors are listings homes higher then the actual market value. Which is resulting in a higher number of price reductions.
As a seller the last thing a seller wants to do is chase the market down. If you list the home properly at it's current market value it will sell faster with the possibility of selling a small percentage over the list price. The Ricco Sells Homes Team sells Stevenson Ranch Homes faster and for more compared to our competition. If you need to sell call us for a free consultation today.
Jennifer and Gary Ricco
There are a few reasons why this percentage is trending higher this week. As more inventory hits the market, Realtors are listings homes higher then the actual market value. Which is resulting in a higher number of price reductions.
As a seller the last thing a seller wants to do is chase the market down. If you list the home properly at it's current market value it will sell faster with the possibility of selling a small percentage over the list price. The Ricco Sells Homes Team sells Stevenson Ranch Homes faster and for more compared to our competition. If you need to sell call us for a free consultation today.
The Ricco Sells Homes Team
RE/MAX of Santa Clarita
RiccoSellsHomes.com
'Quality Consulting Through Continuous Improvement'
Serving the Greater Los Angeles and Ventura Counties
CALBRE 01461940 | 01803395
Jennifer was voted LA Daily News Readers Favorite Realtor Choice 2010, 2011, 2012 and 2013
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