Welcome to the week of April 17, 2017. Today is April 18, 2017 and this is Santa Clarita real estate news from the offices of Connor T. MacIvor and Group with REMAX of Valencia/Santa Clarita.
Today, we have an awesome show planned for you and I will get to the recording of it later this AM. You will find the published Santa Clarita real estate news show hosted on our Radio Channel via iTunes, Stitcher and on HousingRadio.com
Before we get into this week’s real estate news, I’m Connor with HONOR I have been serving representing buyers and sellers of real estate since 1998. I work with my partner in life, Paris MacIvor and she joined me in 1999. I served as a LAPD cop for a long time achieving an “honorary” retirement – meaning no retirement income 🙂 – I have no regrets! At least regrets I’ll admit.
Here is how this week’s real estate numbers fall into place. Within the Santa Clarita valley cities we are still seeing ultra low inventory. 451 total active homes/condos/townhomes for sale as of the date of this real estate article and Santa Clarita real estate news broadcast. 451 is a low number as far as active real estate listings go and creates a dynamic known as a seller’s real estate market.
A bit of validation – We are very close to the lowest amount of real estate listings that we have seen for any given time period in Santa Clarita housing news:
|Active Listings, Number of|
As you can see, and as my Santa Clarita real estate news group reported – December 2016 was the ultimate low point at 935 active real estate listings in the cities of Santa Clarita – Castaic, Canyon Country, Saugus, Newhall, Valencia and Stevenson Ranch. March of 2017 closed out at 945 – those are very low numbers. In order to create a market where the Buyer is favored, called a Buyer’s real estate market, we would need to literally double the amount of homes/condos/townhomes for sale on the Santa Clarita Housing Market.
Interest Rates Still Low 4.08%
Real estate mortgage interest rates have not shot through the roof and are still within the early 4’s. A person can still obtain a 30 year fixed mortgage at a 4.08% interest rate as of today’s real estate news article for Santa Clarita.
Those numbers may fluctuate slightly depending on the type of loan – VA, FHA, Conventional and depending on which lender you are using – Mainline Bank, Credit Union or Mortgage Broker, however – those numbers should not deviate very much at this time. Your Credit history and score will also impact the interest rate you will be granted! Ask your lender to explain.
Verification of getting a great deal on your loan and interest rate is going to happen a couple of ways. Make sure your lender sends you a full copy of your credit report. Also make sure your lender sends you a good faith estimate.
If they tell you they cannot send you a copy of your credit report because doing so violates some sort of agreement they have with their credit report supply company, walk away.
If they tell you they cannot supply for you a good faith estimate because you don’t have a home identified as of yet, then tell them to make one up within your approximate price range and with the items you desire (HOA, Mello Roos), etc.. If they say they cannot, then walk away.
There are a ton of Real Estate lenders in Santa Clarita Valley who will fight for your business. When buying real estate, my services for you are FREE, but you are going to be paying a lender, it does not hurt to shop around in both cases. Looking to be referred to a Top Santa Clarita real estate lender – call me 661-400-1720!
Times to sell and prices
Days on market time frames and prices are a great indicator as to the health of any real estate market.
Time frame is from Jan 2013 to Mar 2017
Timing is everything in real estate. The Santa Clarita real estate market closed at the highest sales prices recorded March of 2017 if you view the historical record from the cities I compiled of Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia.
This is primarily due to interest rates rumored to be headed up to the Mid 4’s sometime this year and the lack luster real estate inventory.
We will keep you posted via our Santa Clarita real estate broadcast and our Santa Clarita real estate news which we post every week on our Santa Clarita blog.
Be safe – reach out to me personally when you are ready to get your real estate WON! I’m Connor with REMAX of Valencia/Santa Clarita and I’m glad to be at your service.
If you know of/hear of anyone wanting to embark on a real estate journey with regard to buying/selling, please tell them of us and bring them this great article related to Santa Clarita real estate news so they can see what we are about!