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    Santa Clarita real estate market opinion by REMAX of Santa Clarita's Paris911 Team

    Within the last seven days we have had 59 listings that have had their prices changed, 85% experienced a reduction. Santa Clarita real estate dataIncluding all SCV cities.

    Those should be viewed as being listed at more than current real estate buyers are willing to pay in this current market.

    http://realtor.paris911.com/85-percent-santa-clarita-price-changes-reductions-list-price

    Our absorption rate is around two months from the current inventory when we take 30 days of market activity and work the numbers:

    Last 30 days: 

    – approx. 260 real estate listing entered the market for sale.

    – 180 listings sold in the SCV cities.

    At the rate of 180 listings selling a month – with 491 active real estate listings currently on the active market for sale – We are looking at 2.72 months of inventory if nothing else is listed for sale, before we hit zero units.

    However, real estate listings are now entering the market at a faster rate than they were back in October-December 2013.  Faster than they can sell and our Days on Market has increased in a majority of the real estate market – so hence the price reductions that are happening hand over fist for those listings that have been listed too far from fair market value.

    The reason for the surge last year was the “investor panic”. We observed a “more than owner occupant” ratio between the owner occupant buyers and the investors buying condos/town-homes.  Investors started pulling out from the real estate buying arena late fall to early winter 2013.

    The prices they were paying started not to pencil out in accordance with their long term rental or flipping goals.

    This what we contributed to the signal newspaper for an upcoming real estate story.

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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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