Home price reductions in the Santa Clarita Valley – update August 28, 2016

    Today’s real estate intel has to do with price reductions.  Listing price reductions. This is not an indicator of a real estate bubble or some impending doom related to the collapse of the real estate market.

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    We are in a time of year, during a healthy real estate cycle, where the market dynamic is one where it’s starting to take longer to sell real estate.

    Santa Clarita real estate days on market

    While monitoring the Days of Market(blue line above), you can see that when I query Single Family Homes, Townhomes, and condos in the Santa Clarita Valley Cities of Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia, a decrease up to closing figures as of July 2016.

    We are currently monitoring an “increase” in days on market timeframes, within the same cities, for the month of August 2016, which is about to close out as we will enter September 2016.

    I will have that Santa Clarita Valley real estate market data published as soon as the housing data is compiled. I always do for our real estate clientele.

    Santa Clarita listing prices versus sales prices

    While keeping track of the listing prices versus sales prices, we see listing price reductions across the board, in the Santa Clarita Valley cities, within the past year.

    Reminder and point – I want to make sure you are understanding this as not being reductions in home prices, but reductions in “original listing price versus the sale price”.

    Are the home values, final recorded sales prices, indicating homes are selling for less now than they were during the past six months? Negative.

    We cover all market dynamics during our crash course on real estate while we are being interviewed by a prospective Santa Clarita home buyer or SCV home seller.

    I’m Connor MacIvor and I wanted to clear up some of the tripe I have seen online being published on sites trying to “knee jerk” you into buying or selling by manipulating the data.

    I will be here for you as I have been for thousands of others looking to buy and sell Santa Clarita real estate and homes.

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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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