Santa Clarita housing update reports for Christmas Week 2012

    It has been a while since we have produced our Resources for the Cities Within the Santa Clarita by bullet points.  This is our weekly real estate update for the Cities that compose the Santa Clarita Valley.  While the holidays are not as “active” as other parts of the year, we have been watching as there is a lot of real estate inventory entering escrow with with regard to properties for sale in the SCV.

    Watching the current trends and numbers in Single Family Residences can be seen with our Newest Market update reports for the Santa Clarita Valley Cities.  Click on each of the links(at the bottom of this page) to view each city with more detail. And click through twice on each link…

    Here is a break down on the report for Castaic California and the Single Family Residences therein:

    For the week of December 24, 2012 in Castaic CA we have seen as the Median list prices have reduced to a level of $329,999.00.  This is a downward trend for Castaic CA.  This report is referencing Single Family Homes only.  Condo’s and Town-homes are part of a different report we will be posting tomorrow at this very Same Sellers real estate blog for Santa Clarita Ca.

    We have noted that there is a price per square foot decrease to $164.00 a square foot.  However, the Days on the market, the times it takes a property to sell has increased to 108 days. When we see this trend we can determine a couple of things.  Lending is becoming more difficult to obtain, getting approved for loans and to close them, is like pulling teeth 🙂  We can also deduce that the property involved has some sort of “requirement” in order to sell.  It may be a short sale that has to be negotiated.  It could also be a Foreclosure that is waiting on investor approval.  Both of these scenarios could increase the “days on market times”.

    Over 1/4 of homes that are for sale experienced a price decrease during this week from the week before.  In today’s Castaic real estate market, that typically has to do with the appraisers in the employ of the Buyers seeing that the home is worth less than the amount they had the home listed for.  The fault could be with the seller, with the bank (if a short sale) or with the bank (if a foreclosure).  When the buyers appraiser does their job in appraising the home for sale, they may come in with a very different number.  This is when we start seeing price reductions in the current Santa Clarita real estate market.

    Prices typically increase when we have other real estate factors at play.  It could be that during the short sale approval process, the bank determines that the home is being sold at less than fair market value.  This could be the fault of the agent undercutting the real estate market or potentially the short sale seller being misinformed.  The bank who owns the asset, in doing their due diligence, determines that the home should be sold for more than the agreed upon list price and for more than the current offer that is in place.  So, they increase the price of the home.  That is what we have seen in this numeric – an increase of 4%.

    All of these reports and their data are obtainable for you by email.  All you have to do is to visit our Reports Pages for Santa Clarita real estate.  Visit and subscribe to any of the reports you desire.  You can choose from full city reports for the Santa Clarita valley or by zip codes, thereby narrowing the results of your real estate data.  The reports get emailed to you very week so you can see what we talk about on our Santa Clarita sellers blog.

    To access the Santa Clarita real estate and market reports data pages – click here.

    VALENCIA CA real estate housing market update December 25, 2012

    STEVENSON RANCH CA real estate housing market update December 25, 2012

    SAUGUS CA real estate housing market update December 25, 2012

    SANTA CLARITA CA real estate housing market update December 25, 2012

    NEWHALL CA real estate housing market update December 25, 2012

    CASTAIC CA real estate housing market update December 25, 2012

    CANYON COUNTRY CA real estate housing market update December 25, 2012

    Acton CA real estate housing market update December 25, 2012

    We placed the homes sold chart combined with the median sales prices for Castaic CA below on this interactive graph.  This renders the Single Family Residence history and it’s current days on market time-frames   We are happy to supply you with the data and if you want more with regard to the other Cities in the Santa Clarita Valley – Please head over to our Santa Clarita real estate website(paris911 dot com) and type into the macBoX the word “Prices”.  Or you can click here to get to our Santa Clarita Housing prices pages.

    Trackback from your site.

    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.

    2 Responses to “Santa Clarita housing update reports for Christmas Week 2012”

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)