May 1, 2017 in Santa Clarita real estate – Sellers Market

Santa Clarita real estate newsGood morning, evening or afternoon. Maybe you are reading this on the go – if that is the case, be careful and look up occasionally and don’t do it while driving 🙂

I’m on the phone with one of our motor cop clients – we are selling his home. A True BCMC – Big City Motor Cop. I told him that we received an offer on his home and he replied, “Great – hold on for a sec…” – “Good afternoon sir, I’m ___________________ with the Los Angeles Police Department. The reason I stopped you today is you are not supposed to be holding your cellular phone and speaking on it while driving. I need to see your license, registration and insurance…”

There was some other banter – the fella wanted to understand more of what makes what he did not inline with vehicle code and my LAPD Brother from another mother explained further.

When my brother got back to his bike, he started speaking again and we tied up some of the loose ends which were presented on the offer from the agent representing the home buyer.

I remember those days and while I was on the job, bluetooth technology and integration into a motorcycle helmet was starting to bloom. )Bada book bada bloom 🙂

You could talk on the phone hands free with the integration from your motorcycle helmet – we had this on our police helmets and it was awesome. Today’s technology must be even better. He sounded like he right next to me.

Point being, I was a LAPD cop, but would have never been as good as I could be while being a full time police officer. It was only because my partner in real estate within our Santa Clarita real estate business was full time! – Enter stage left – Paris MacIvor.

Reverse the rolls – I was a full time motorcop with the lapd trying to sell real estate part time. What happens when someone calls while I’m on Duty? By the Book – I should not answer the phone, return emails or text messages while on the department’s dime. Heck – the taxpayers would probably have had issue with me making money in real estate while being supported by those same taxpayers.

So, there you go and know why I quit the LAPD after 17 years in 2007. I did stay as a full line reserve officer with the LAPD – That entailed me only having to work 16 hours a deployment period, which did not interfere with my real estate business. in 2013 – I received an honorary retirement from the LAPD – thank you for the years!

My ALIVE DAY with the LAPD

Santa Clarita Market Dynamics – May 1, 2017

days-on-market-and-price-santa-clarita-news-real-estate

Month Days to Sell, Median List Price, Median
Jan 2015 56 $435,000
Feb 2015 50 $435,000
Mar 2015 49 $440,000
Apr 2015 43 $465,000
May 2015 43 $449,000
Jun 2015 45 $445,000
Jul 2015 43 $455,000
Aug 2015 47 $449,000
Sep 2015 46 $449,000
Oct 2015 46 $462,425
Nov 2015 59 $439,000
Dec 2015 55 $429,900
Jan 2016 57 $429,900
Feb 2016 55 $450,000
Mar 2016 47 $489,900
Apr 2016 42 $465,403
May 2016 48 $490,000
Jun 2016 44 $496,750
Jul 2016 41 $470,000
Aug 2016 48 $484,950
Sep 2016 46 $489,999
Oct 2016 38 $485,000
Nov 2016 33 $467,900
Dec 2016 42 $449,900
Jan 2017 42 $495,000
Feb 2017 37 $455,000
Mar 2017 35 $499,999
Apr 2017 21 $529,000

As you can see by the split – shorter days on market with higher prices – steady increases in both areas within the Santa Clarita real estate market equates to a home seller’s market.

What is your Santa Clarita home worth now?

santa-clarita-months-of-inventory-in-real-estate

Months of Inventory
Month 2015 2016 2017
Jan 5 4 4
Feb 5 4 3
Mar 3 3 2
Apr 3 3 3
May 3 3
Jun 3 3
Jul 3 3
Aug 3 3
Sep 3 3
Oct 3 3
Nov 4 3
Dec 3 3

Regarding the current Santa Clarita inventory, we see a slight uptick from March 2017 to closing figures as we closed out April 2017 in the Santa Clarita Valley. However, this has not caused much change yet because the inventory added to the Santa Clarita market is being scooped up by home buyers who have been wanting to buy for a long time.

These buyers are actively hunting for real estate, as are their agents, however SCV real estate inventory has been so lacking, they have not found anything they want to buy or have lost out because they were outperformed by other home buyers.

Read Making your Offer the best it can be

Reach out to me when ready to hire Santa Clarita’s Best Realtor, my kids would agree – at least most of the time 🙂 – Be safe – any questions call me and I’ll get you the answer asap!

Thanks for taking the time to read our latest Santa Clarita real estate news article. I’ll leave the light on for you.

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Connor MacIvor

Top REMAX Realtors in the Santa Clarita - Valencia and Greater Los Angeles areas. Local Real estate agents specializing in buyer and seller consultation and representation.

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