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    How is the Santa Clarita market his Monday July 8th, 2013

    Local markets are HOT…

    The local real estate market is a bit HOT as of late.  Couple our lacking the real estate inventory with the fact interest rates are hitting the mid and upper 4’s, you have buyers starting to become panicked.

    The best advice I can give anyone that is wanting to buy or sell anything, is not to panic and realize it’s a business decision.

    Don’t get caught up in the hype when it comes to “how the market is doing”, when it’s spun to be “dismal news”.

    Delinquencies see the largest drop since 2002

    With the news of Delinquencies seeing the biggest drop since 2002 – It would seem that the road to recovery is at hand.
    It would seem that the lending policies that most banks have in play are working and keeping the current market on track for the stabilization of the real estate market.

    Negative equity down…

    We have also noted that Negative Equity has taken a turn for the better.  Most of the “potential” sellers in the world are surprised to find out they have equity today, when they did not just a few months ago.
    Those sellers are selling and making enough to either put down on another home or starting over somewhere else.
    April 2012 to April 2013 – 12% increase overall across the USA – via Case Shiller.

    Not unusual – just typical for the SCV cities

    In some of the local markets they are seeing much larger gains.  I’d venture to say that in Stevenson Ranch California – We are upwards of 18-20 percent for the same time period…
    Stevenson Ranch from April 2012 to present market data
    Venture – Heck – check out the graph for the prices in Stevenson Ranch.  You can do the adjustment to open up the graph.  Then you can click on the line to show you the numbers.  Below is the graph showing April of 2012 – Median Sales prices for Stevenson Ranch CA – Single Family Homes:
    march 2012 stevenson ranchYou can see that the medial sales price for Stevenson Ranch CA on April 6, 2012 was $552,334.61.
    Today – you can see that at the beginning of July 2013, we have increased respectively on the below graph…
    July 2013 stevenson ranch real estate pricesJuly 05, 2013 – The median sales price for a Single Family Residence in Stevenson Ranch CA is $820,350.00 – That’s a $268k price increase in the City of Stevenson Ranch which is located within the Santa Clarita Valley.
    If you want to keep in the know with regard to prices for any of the Santa Clarita valley cities – head over to our Santa Clarita real estate market website and grab your Santa Clarita real estate market report today…

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