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    We just completed our Friday Finale on our Realtor Blog for Santa Clarita CA

    Santa Clarita real estate daily newsIf you want to check out our Friday Finale reference the last week in Santa Clarita real estate – click here.

    This AM, earlier, too early to talk about 🙂 – I finished a Los Angeles County real estate recap for all of the Single Family homes and the last year of market data for the “overall picture”.

    Although our real estate team is Head Quartered in the Santa Clarita Valley, we are a small section of the “greater Los Angeles County” area.

    Serving most all of the LA county cities, we need to keep abreast of the happenings with our “bigger picture” view of real estate therein.

    The PowerPoint production I built this AM was using one of my Favorite Data Metrics programs – Terradatum Market Metrics.

    I have been able to rely, as have our clients, on their exacting standards when it comes to getting the intel directly from the source data, the local Boards of Realtors.

    There is nothing better, and if you are using a real estate syndication website that is producing values and data from an algorithm – you are not getting the full story.

    Here is the recap for Los Angeles County real estate and Single Family Residences:

    • The average days on market by month is down 21% in Los Angeles County
    • The Median Sold Price by Month is up 21%
    • The months supply of inventory is down 15%
    • The median price for sale properties is up 25%
    • The median price for sold properties is up 21%
    • The number of For Sale properties is down 6%
    • The number of Sold Properties is down 19%
    • The number of Expired properties is 92%
    • The number of For Sale properties is down 6%
    • The number of new properties is down 4%
    • The number of Sold real estate listings is down 19%
    • Under contract properties is down 7%

    Meaning – when you look at the “overall” view of real estate in the County of Los Angeles concerning the Single Family Homes – prices are up – inventory is down, and real estate is not moving as fast as it did one a year ago.

    If you look at the 4% change between the median price for sold properties and median price with regard to for sale properties, it would seem that more is being demanded by the sellers of real estate, but is not being paid by the current real estate buyers.

    Therefore – don’t panic with regard to prices or interest rates. This year is not going to be a “home run” year with regard to prices escalating. We are looking at a 4%-6% increase in real estate values throughout 2014, barring anything “dramatic” happening.

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