Pango Group
Santa Paula, CA
Single-Family Homes
www.pangogroup.com
Santa Paula, CA
Wed May 08 2024
This week the median list price for Santa Paula, CA is $799,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Real-Time Market Profile
| Median List Price | $799,000 | |
| Median Price of New Listings | $1,831,500 | |
| Per Square Foot | $578 | |
| Average Days on Market | 56 | |
| Median Days on Market | 35 | |
| Price Decreased | 17% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,375,000 | 3,655 | N/A | 3 | 4 | 20 | 0 | 0 | 66 |
| $1,049,475 | 2,982 | 0.25 - 0.5 acre | 4 | 3 | 95 | 1 | 0 | 17 |
| $744,950 | 1,848 | 0 - 4,500 sqft | 4 | 2.5 | 2 | 1 | 1 | 21 |
| $592,000 | 1,053 | 0 - 4,500 sqft | 2 | 2 | 77 | 0 | 2 | 21 |