I told them, as I have been telling our real estate buyers for the past couple of months what happens during the spring time in the real estate market within the Santa Clarita Valley.
Typically, the real estate market goes into an upswing around February 1st, parent and those who are needing to move up, to a different school district, and empty nesters start to consider listing their homes for sale in the SCV and in other Southern California Cities.
During the past weeks – we have seen 30-40 new “resale” listings hit the market for sale in the SCV Cities. That number has been about 1/2 of the typically listing numbers which hit the Santa Clarita Valley market.
Today in Santa Clarita Valley we have a total of 492 homes, condos and townhomes for sale.
That is much different than we were observing last year and during the last “spring madness” in real estate where we were approaching 900 units for sale. That was March of 2015.
Even that amount of real estate inventory, due to high buyer demand, did not turn the real estate market in Santa Clarita on it’s head, making it a buyers market instead of a seller’s market.