Pertaining to real estate and homes that are selling and other realty related issues, we’re still knee-deep in a sellers market.
We just completed our market Monday’s update. These reports cover all of the Santa Clarita Valley cities. They also include the most relevant real estate data.
You’re going to see days on market time frames. You’re going to see whether days on market time frames were increases or decreases.
The days on market timeframe would indicate the health of the local market and whether the advantage goes to the seller or whether the advantage goes to the buyer.
You’ll also see the median listing price. This is for single-family residences, condominiums, and townhomes that are within the Santa Clarita Valley cities.
After you look at the median listing price, then you will also see the average price per square foot. The listing price per square foot number, is typically not used by most people purchasing or selling real estate.
However, there are a few, very savvy, investors, property owners, and buyers, out there using the price per square foot model when they are approaching procurement or the selling of residential real estate.
Something else that we talk about, within our market update Mondays for Santa Clarita real estate, is the market action index. The MAI, is one of those systems that shows us where the current market happens to be.
Has the pendulum swung all the way left into a sellers market or is the pendulum more towards the right, which would indicate a full on buyers market?
Whenever we look at real estate from the data mind, it does give our clients a bit of relief. The reason being is they know where that current market happens to be, and the best ways to attack it whether that means to sell or buy a home.
Today we mentioned the words closing costs. How much are closing costs, what are they, Who pays them, and can we get the seller to pay the buyers closing costs.
Email question sent in, asking how do I buy a house? That is a question that takes about 45 minutes or an hour to answer.
So what we do to answer that question the best way possible, is meet directly with those people asking. And we do that via our crash course on real estate, that is held in our Remax offices.
Our offices are located at 25101 the old road, Santa Clarita Valley, California, 91381. You can also get on our main site, at Paris911.com, and punch in the words crash course in the Mac box at the top part of the screen.