We have completed our REMAX of Santa Clarita CA housing market updates.
Each of the housing types is also represented – at least as far as Santa Clarita residential real estate.
Condos, Townhomes and Single Family residences were scoured for the current, sold and past Santa Clarita real estate data.
For each of the Santa Clarita valley cities – we have some that are flat and some that have been increasing.
Regarding listing prices and sales prices – they are two different animals within the local Santa Clarita housing markets.
The listing prices versus sales prices. Here is the run down. Listing prices are “hopeful”. Sales prices are what amounts the properties actually sold for.
This is following the offer to be accepted by the seller, negotiation if need be, and the amount the appraiser said the property was worth. Then the appraiser having their work double checked by several different levels of review within the lending organization.
One of the reasons why the “risk” associated with real estate and “paying too much” with regard to the purchasing, is the fact there are so many different levels of the appraisal review. Think of it this way, there is no way the banks are going to pay “too much” for a property they are financing and providing the money for.
With the cities within the SCV, we are seeing increase of listing prices, however the “sales prices” are remaining flat, and have been flat for the past few months.
The Primary culprit was the investor pull back that occurred mid fall of 2013. The investors were able to outbid most of the “conventional, FHA and VA” buyers. They were not concerned with an appraisal, they were cash and as long as the properties “penciled” out, they bought them.
Enjoy our latest Slideshare presentation. We have embedded a few youtube videos after each corresponding slide and real estate verbiage.
Reach out to REMAX of Santa Clarita CA’s Paris911 Team when you are ready for representation with regard to your interest in Santa Clarita real estate.