Real estate listings in Valencia California up today

    Santa Clarita housing market activity

    Good day everyone. Today is your real estate update for the Santa Clarita market activity.

    I also will get into a question which was asked by our own The Signal newspaper to me and other’s in my industry.

    SRAR Report:

    • A total of 244 single-family homes changed owners in August, off 1.7 percent from August 2015 yet up 4.3 percent from July 2016.
    • Similarly, 98 condominiums closed escrow, off 19.0 percent from 12 months ago, but up 4.3 percent from this July.

    QUESTIONS – Briefly:

    1. What do you see occurring in the market that accounts for the slowdown from a year ago?

    This answer is two fold:

    First – this year we have an election year. This is going to slow the real estate market due to the unsteadiness of this particular election. Historically, election years have been somewhat slower than other “healthy” real estate years with regard to home closings.

    What I sent to the Signal Newspaper:

    We have seen a steady increase in price per square foot in Santa Clarita up from a year ago. This puts pressure on first time buyers who have been priced out of buying a single family residence to only qualifying for a townhome/condo.
    Secondly, we have an election year which has two candidates which make a lot of people a bit nervous. We see typical housing market slowdowns as approaching the four year election cycle.
    1. What drove August sales up from July?

    This one is not as dynamic of an answer. Simply, school’s starting up are to blame. This trend happens every year, hence a city where there is huge drive to purchase and own real estate due to children being a large concern for the prospective home buyer.

    Santa Clarita Valley is on the mend. In fact, when prices currently being 12-8% off of peak prices, the healing is nearing being complete. Interest rates are very low, artificially low – where the last FED comment says to keep them low. Housing inventory is increasing, giving home buyers more listings to choose from. Sellers know, while there is MORE inventory, it’s not enough to move the market from being a Seller’s market to a buyer’s market.

    I’m Connor T. MacIvor and I’m glad to be at your service for real estate.

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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