6
0$5.(7 83'$7( 3DULV ,QWHO 5HSRUWV ² &XUUHQW 5HDO (VWDWH 0DUNHW &RQGLWLRQV IRU &RQGRV 7RZQKRPHV ² 7UHQGV LQ 3ULFLQJ ² &XUUHQW /HYHOV RI 6XSSO\ DQG 'HPDQG ² 9DOXH 0HWULFV ² 5HSRUW IRU WKH ZHHN RI 0DUFK ² 3UHVHQWHG E\ &RQQRU DQG 3DULV 0DF,YRU 5(0$; RI 6DQWD &ODULWD &$ 5(0$; RI 9DOHQFLD &$ 7KH 3DULV 7HDP ZZZ3DULVFRP UHPD[#SDULVFRP 9$/(1&,$ &$ 3RZHUHG E\ $OWRV 5HVHDUFK //& _ ZZZDOWRVUHVHDUFKFRP _ &RS\ULJKW $OWRV 5HVHDUFK //&

Connor macivor market update [condo] Valencia 2014-083

Embed Size (px)

Citation preview

Page 1: Connor macivor market update [condo] Valencia 2014-083

0$5.(7�83'$7(3DULV����,QWHO�5HSRUWV

²�&XUUHQW�5HDO�(VWDWH�0DUNHW�&RQGLWLRQV�IRU�&RQGRV��7RZQKRPHV²�7UHQGV�LQ�3ULFLQJ²�&XUUHQW�/HYHOV�RI�6XSSO\�DQG�'HPDQG²�9DOXH�0HWULFV

²�5HSRUW�IRU�WKH�ZHHN�RI0DUFK���������

²�3UHVHQWHG�E\�&RQQRU�DQG�3DULV�0DF,YRU���5(0$;�RI�6DQWD�&ODULWD�&$5(0$;�RI�9DOHQFLD�&$���7KH�3DULV����7HDPZZZ�3DULV����FRP���UHPD[#SDULV����FRP������������

9$/(1&,$��&$

3RZHUHG�E\�$OWRV�5HVHDUFK�//&�_�ZZZ�DOWRVUHVHDUFK�FRP�_�&RS\ULJKW������������$OWRV�5HVHDUFK�//&

Page 2: Connor macivor market update [condo] Valencia 2014-083

0HGLDQ�/LVW�3ULFH

����

3HUFHQW�5HOLVWHG��UHVHW�'20�

����

���

���

0HGLDQ�1XPEHU�RI�%DWKURRPV

��

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG

�����

3HUFHQW�)OLS��SULFH�LQFUHDVHG�

0HGLDQ�+RXVH�6L]H��VT�IW�

���������

����

���

0DUNHW�$FWLRQ�,QGH[

0HGLDQ�1XPEHU�RI�%HGURRPV

$VNLQJ�3ULFH�3HU�6TXDUH�)RRW

���

3HUFHQW�RI�3URSHUWLHV�ZLWK�3ULFH�'HFUHDVH

6WURQJ�6HOOHUV

��

r�

r�

nn

��

$OWRV�5HVHDUFK�9DOXH�6WDWLVWLFV

0RVW�([SHQVLYH�/LVWLQJ

$YHUDJH�'D\V�RQ�0DUNHW��'R0�

%RWWRP�)RXUWK

/RZHU�7KLUG

8SSHU�6HFRQG

7RS�)LUVW

7KLV�:HHN 5HDO�7LPH�0DUNHW�3URILOH 7UHQG

7KH�0DUNHW�$FWLRQ�,QGH[�DQVZHUV�WKH�TXHVWLRQ��+RZV�WKH�0DUNHW"��E\�PHDVXULQJWKH�FXUUHQW�UDWH�RI�VDOH�YHUVXV�WKH�DPRXQW�RI�WKH�LQYHQWRU\���,QGH[�DERYH���LPSOLHV�D�VHOOHUV�DGYDQWDJH��%HORZ�����FRQGLWLRQV�JLYH�WKH�DGYDQWDJH�WR�WKHEX\HU�

6XSSO\�DQG�'HPDQG

&KDUDFWHULVWLFV�SHU�4XDUWLOH

�� �����

����� ��

���

���

��� ��

��

��

���������

��

���

����

���

��

���������

���

��

���������

������������

��

����

,QYHQWRU\�LV�XS�DQG�0DUNHW�$FWLRQ�LVWUHQGLQJ�GRZQ�UHFHQWO\��:KLOH�GD\V�RQ�PDUNHW�DSSHDUV�WR�EH�WUHQGLQJORZHU��WKH�RYHUDOO�FRQGLWLRQV�DUHZHDNHQLQJ�D�ELW�

0RQGD\�0DUFK���������

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

��

����

���

7KH�PHGLDQ�OLVW�SULFH�LQ�9$/(1&,$��&$WKLV�ZHHN�LV�����������7KH���SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHWIRU�DQ�DYHUDJH�RI����GD\V�

0RVW�H[SHQVLYH�����RI�SURSHUWLHV

8SSHU�PLGGOH�����RI�SURSHUWLHV

/RZHU�PLGGOH�����RI�SURSHUWLHV

/HDVW�H[SHQVLYH�����RI�SURSHUWLHV

4XDUWLOH 0HGLDQ�3ULFH %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '206T��)W�

1R�FKDQJH

6WURQJ�XSZDUG�WUHQG 6WURQJ�GRZQZDUG�WUHQG

6OLJKW�XSZDUG�WUHQG 6OLJKW�GRZQZDUG�WUHQGr�

�� nn

n�

9$/(1&,$��&$&LW\�2YHUYLHZ

/HDVW�([SHQVLYH�/LVWLQJ

$YHUDJH�/LVW�3ULFH

$YHUDJH�$JH�RI�/LVWLQJ

��

���������

���������

���������

��

7UHQG�.H\�

7KH�PDUNHW�FRQWLQXHV�WR�JHW�KRWWHU�0RUH�VDOHV�GHPDQG�DQG�IHZHU�KRPHVOLVWHG�KDYH�FRQWULEXWHG�WR�DUHODWLYHO\�ORQJ�UXQ�RI�LQFUHDVLQJSULFHV��&XUUHQW�VXSSO\�DQG�GHPDQGOHYHOV�VKRZ�QR�VLJQ�RI�SULFHVFKDQJLQJ�IURP�WKHLU�FXUUHQW�WUHQG�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 3: Connor macivor market update [condo] Valencia 2014-083

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0DUFK���������

0HGLDQ�3ULFH:KLOH�WKLV�ZHHN�WKH�PHGLDQ�GLGQW�IOXFWXDWH�PXFK��SULFHV�FRQWLQXH�WR�VLW�DW�DOO�WLPH�KLJKV��$�SHUVLVWHQW�GURS�RI�WKH�0DUNHW�$FWLRQ,QGH[�LQWR�WKH�%X\HUV�]RQH�ZLOO�EH�D�OHDGLQJ�LQGLFDWRU�RI�WKH�SULFH�VWUHQJWK�VXEVLGLQJ�

���GD\�$YHUDJH��GD\�$YHUDJH

4XDUWLOH�3ULFHV1RW�VXUSULVLQJO\��JLYHQ�WKH�FRQGLWLRQ�RI�WKH�RYHUDOO�PDUNHW��DOO�TXDUWLOHV�KDYH�VKRZQ�SULFH�VWUHQJWK�LQ�UHFHQW�ZHHNV��$OO�KDYHEHHQ�LQFUHDVLQJ�LQ�SULFH�ODWHO\�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 4: Connor macivor market update [condo] Valencia 2014-083

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0DUFK���������

3ULFH�SHU�6TXDUH�)RRW,Q�D�PDUNHW�ZKHUH�SULFHV�DUH�ULVLQJ�IDLUO\�FRQVLVWHQWO\��SULFH�SHU�VTXDUH�IRRW�LV�HVVHQWLDOO\�IODW��7KLV�RIWHQ�LPSOLHV�WKDW�QHZKRPHV�FRPLQJ�RQ�WKH�PDUNHW�DUH�SULFLHU��DQG�DOVR�ODUJHU�WKDQ�ROGHU�KRPHV���$V�D�UHVXOW�WKH�YDOXH�RQH�FDQ�EX\�VWD\V�WKH�VDPH�

���GD\�$YHUDJH��GD\�$YHUDJH

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG�IRU�6DOH,QYHQWRU\�KDV�EHHQ�FOLPELQJ�ODWHO\��1RWH�WKDW�ULVLQJ�LQYHQWRU\�DORQH�GRHV�QRW�VLJQDO�D�ZHDNHQLQJ�PDUNHW��/RRN�WR�WKH�0DUNHW$FWLRQ�,QGH[�DQG�'D\V�RQ�0DUNHW�WUHQGV�WR�JDXJH�ZKHWKHU�EX\HU�LQWHUHVW�LV�NHHSLQJ�XS�ZLWK�DYDLODEOH�VXSSO\�

���GD\�$YHUDJH��GD\�$YHUDJH

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 5: Connor macivor market update [condo] Valencia 2014-083

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0DUFK���������

0DUNHW�$FWLRQ�,QGH[7KH�9$/(1&,$�PDUNHW�LV�FXUUHQWO\�TXLWH�VWURQJO\�LQ�WKH�6HOOHUV�$GYDQWDJH�]RQH��JUHDWHU�WKDQ������7KH����GD\�0DUNHW�$FWLRQ,QGH[�VWDQGV�DW��������LQGLFDWLQJ�YHU\�OLWWOH�VXSSO\�UHODWLYH�WR�WKH�GHPDQG�

%X\HUV�6HOOHUV�&XWRII���GD\�$YHUDJH

0DUNHW�$FWLRQ�,QGH[�SHU�4XDUWLOH1RW�VXUSULVLQJO\��DOO�VHJPHQWV�LQ�WKH�PDUNHW�DUH�VKRZLQJ�KLJK�OHYHOV�RI�GHPDQG��:DWFK�WKH�TXDUWLOHV�IRU�FKDQJHV�EHIRUH�WKHZKROH�PDUNHW�FKDQJHV��2IWHQ�RQH�HQG�RI�WKH�PDUNHW��H�J��WKH�KLJK�HQG��ZLOO�ZHDNHQ�EHIRUH�WKH�UHVW�RI�WKH�PDUNHW�DQG�VLJQDO�DVORZGRZQ�IRU�WKH�ZKROH�JURXS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

%X\HUV�6HOOHUV�&XWRII

5HVLGHQWLDO�KRXVH�SULFHV�DUH�D�IXQFWLRQ�RI�VXSSO\�DQG�GHPDQG��DQG�PDUNHW�FRQGLWLRQV�FDQ�EH�FKDUDFWHUL]HGE\�DQDO\]LQJ�WKRVH�IDFWRUV��:DWFK�WKLV�LQGH[�IRU�VXVWDLQHG�FKDQJHV��LI�WKH�LQGH[�IDOOV�LQWR�WKH�%X\HU·V$GYDQWDJH�]RQH��EHORZ�����IRU�D�ORQJ�SHULRG��SULFHV�DUH�OLNHO\�LQ�IRU�D�GRZQZDUG�FRUUHFWLRQ�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 6: Connor macivor market update [condo] Valencia 2014-083

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0DUFK���������

'D\V�RQ�0DUNHW7KH�SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHW�IRU�DQ�DYHUDJH�RI����GD\V��+DOI�RI�WKH�OLVWLQJV�KDYH�FRPH�QHZO\�RQ�WKH�PDUNHW�LQ�WKHSDVW����RU�VR�GD\V�

���GD\�$YHUDJH��GD\�$YHUDJH

'D\V�RQ�0DUNHW�SHU�4XDUWLOH,W�LV�QRW�XQFRPPRQ�IRU�WKH�KLJKHU�SULFHG�KRPHV�LQ�DQ�DUHD�WR�WDNH�ORQJHU�WR�VHOO�WKDQ�WKRVH�LQ�WKH�ORZHU�TXDUWLOHV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ