Foreclosures are down – Short Sales are becoming the new Black

    The Final Recap is in, we just crunched the numbers of Foreclosures – The Actual Bank Owned type for the Cities that compose the Santa Clarita Valley – The Final Talley – 90.  Ninety homes, that were Bank Owned Foreclosures sold July of 2011.  Keep in the know for our Foreclosure Updates.California Foreclosure Listings

    How did that compare with 2012?  66 closed escrow last month.  The Same parameters were used in the preparation of this Foreclosure Data.

    The reasons for the reduction in the “actual” bank owned inventory is two fold. There are some that are “ghost” listings, the agents are not placing them in the correct category – on purpose.  The banks attempt to demand this because they know that when a property is listed as a “Foreclosure” – they don’t get as much money.

    The Major Banks are also controlling the “release” of the foreclosures so as not to flood the market.  Further driving down prices.  In Valencia CA – We see a result of lacking inventory.  Prices have been steadily increasing since September 2011. – Have a Read on The Santa Clarita real estate update pages to see more about this trend.

    Parameters:  Cities – Castaic, Acton, Agua Dulce, Canyon Country, Saugus, Santa Clarita, Newhall, Valencia and Stevenson Ranch

    Sale Type:  Foreclosures – Bank Owned

    Date Ranges:  July 1, 2011 to July 31, 2011 / July 1, 2012 to July 31, 2012

    The System that I used was the Local Boards of Realtors system, which we have full access too.

    Foreclosures that Closed in Santa Clarita Valley July 2011

    Foreclosures that Closed in Santa Clarita Valley July 2012

    There you have both of the data points.  We have also included a Foreclosure Search engine like nothing else you have seen – Have a look at the Data and Let us know how we can help you.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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