While the prices are not increasing hand over fist any longer, they are increasing.
However, the list price to sales price ratios are moving farther apart.
Some sellers are apparently wanting more for their properties than the buyers are willing to pay.
This can be seen as the Days on Market are increasing, however the list prices are being reduced and sales price to list price ratios are reducing.
Santa Clarita Valley Cities, this data was taken on the date of our Santa Clarita real estate daily show, that was today…Here is an interesting shot of the current market and the price reductions in the
You will see the areas represented – Newhall 4 – Canyon Country 2 – Valencia 1 – Bouquet Canyon – Rainbow Glen – Canyon Country 1 – Stevenson Ranch – Sand Canyon – North Castaic, etc.
The STD – is Standard Sales, typical equity sales.
L/S – Listing/Sales Price indicated – the red arrow is a reduction.
I know what you are thinking, Connor – there are not thirteen price reductions – Yes – that is because when I first pulled the data, that was 0500 – not it’s 11am as I’m finishing up the Santa Clarita real estate daily report.
Be safe – Search well and please let our REMAX Paris911 Team know when you are ready to move.