The market is ever changing. We have seen it morph from being at it's height back in 2006 and 2007 – to experienceing a huge amount of defaults.
The Santa Clarita real estate market then moved into a foreclosure and bank owned market -where REO's and Foreclosures ruled the day.
Short Sales and Debt Forgiveness was something that all persons, whether in an equity position or not, knew about.
During this time, the Santa Clarita valley eperienced the market bottoming out. In most cities in the SCV that was the end of 2011 to the beginning of 2012.
That was when Foreclosures and Short Sales were at all time high's.
The market started making it's next transition. Moving from being a primarily foreclosure and REO market to a Short Sale one.
It was at that time that the banks were in full swing, at least the big 5, had brought on additional staff to deal with the large influx of short sales.
One of the things that we have been watching within the real estate market is the longer days on market time frames.
Looking at the local real estate markets we are also watching an interesting trend related to listing prices of the homes that are being put up for sale.
This trend continues throughout the real estate housing market, noting that the real estate sellers are pricing their properties higher than buyers are willing to pay.
Of course, this isn't in every single case, there are still properties that are put on the market at such a level looking at the market data, and having a large buyer Drive, that equate to these properties selling in very short order, in some cases, in hours.
If you want to get our market reports for yourself, you can always go to your main real estate website, at Paris911.com and type the word reports into the Mac box at the top of the screen.