Santa Clarita Housing market update reports – Part 2 week of January 20, 2014

    top Santa Clarita listing agentsIt is not often that we have to split up our housing market reports for the Santa Clarita Valley cities into two parts, but we have a lot of data to deliver.

    We completed the first few cities in the Santa Clarita Valley, in alphabetical order, on our previous Santa Clarita housing market update post. – Canyon Country Through Newhall CA.

    There was no recordable activity in Saugus CA during the past week compared with the week before.

    PDF reports for the Santa Clarita Housing market

    However, we did see some activity in Santa Clarita, Stevenson Ranch and Valencia:

    Santa Clarita Proper – Condos and Town homes:

    We observed an upward price trend in Santa Clarita reference to the condos and town homes located therein. This week reporting at $299,000.00.

    Market conditions for Santa Clarita CA proper have been consistently cooling in the past several weeks. Because we are still way within the Sellers zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for the prices to reflect and begin to fall in this section of the Santa Clarita Valley cities. Expect prices to fall if the index persistently falls to the buyers zone.

    Santa Clarita Proper – Single Family Residences:

    Inventory is tightening and days-on-market is falling. But demand
    as measured by the Market Action Index is also trending down. The
    market is not giving strong up or down signals from these data.

    The median list price in SANTA CLARITA, CA this week is $522,495.

    The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

    Stevenson Ranch Condos and town homes:

    The median list price in STEVENSON RANCH, CA this week is $380,000.

    Inventory is up and Market Action is trending down recently. While
    days-on-market appears to be trending lower, the overall
    conditions are weakening a bit.

    The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

    Stevenson Ranch Single Family homes:

    The median list price in STEVENSON RANCH, CA this week is $755,000.

    The Market Action Index has been trending down lately, while
    inventory and days-on-market are climbing. The trends imply a
    weakening market.

    Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

    Valencia CA condos and town homes:

    The median list price in VALENCIA, CA this week is $297,450.

    The Market Action index has been trending down lately, while
    days-on-market is climbing, providing mostly bearish signs for the
    market.

    The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

    Valencia CA Single Family homes:

    The median list price in VALENCIA, CA this week is $579,990.

    With inventory and days-on-market basically unchanged and the
    Market Action Index decreasing, the market is not sending strong
    directional signal for the near-term outlook.

    Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

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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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