Santa Clarita Market Deductions:
If you were to turn the clock back 7 months – back to February of this year, you would see that real estate was selling much faster at that time. It was within two to three weeks that most homes for sale in the Santa Clarita Valley Cities had accepted offers on them and were in escrow.
Today that time frame has increased, on average, three fold. It’s taking over 60-80 days, in most cases, for homes to enter escrow. Some of those homes have had price reductions and some have not. The key to a successful sale is not having the agent you choose, get discouraged. That advice goes for the seller, you!
It’s interesting, with the same “pitching” and “advertising” online and with all the person to person contact, the averages don’t typically lie. The offer comes in, the seller accepts, and the property sells. As if by magic – but it’s not magic – It’s constant lifting, of the home they are selling, by the Capable Realtor.
Here are the current Real Estate facts by some of our most active Cities in the Santa Clarita Valley.
Newhall Real Estate Market:
The median list price in Newhall this week is $519,000 with Conditions being mildly positive, we are seeing that the MAI, market action index, is holding steady, even with the additional inventory, sales prices are holding steady.
The Supply and Demand Stats for Newhall CA are showing that the current market is cooling off, and has been for the past few weeks. We are seeing that more homes are available for sale in Newhall and the demand is slowing down. Main Culprit, School back in Session!
We expect this trend in Newhall continuing to the point of entering a Buyer Market – However, for now it’s holding steady, as are the other Santa Clarita Cities.
For the rest of the Cities in the SCV – Check out the PDF reports that we uploaded onto this