Santa Clarita real estate update 2017-069 Facebook Live

When it comes to real estate, and the buying and selling of, there are certain things that both buyers and sellers need to know to make it the best it can possibly be.

First things first, knowing the current housing market is important. Is the market in a seller’s zone or Buyer’s? Are buyers having to compete for the homes which are for sale or are they offering without competition? Read a buyer’s market article

How about sellers, what is their competition level? Are there other homes that compare with theirs for sale in their neighborhood? How are they priced? Are the other homes less expensive with more in the way of upgrades? Read A Sellers Market Article

After the answers are obtained related to these questions, both sellers and buyers will be able to adjust their approach and make their real estate endeavor a bit more palatable.

During today’s Facebook Live Video which I posted on my personal Facebook Account, we observed that real estate inventory is poor to say the least.

We see that in the Santa Clarita Valley Cities only 428 homes – condos and town homes currently for sale.

The break down of residence types for sale in the Santa Clarita Valley are:

  • Santa Clarita single family homes – 331
  • Santa Clarita condominiums – 44
  • Santa Clarita town-homes – 42
  • Santa Clarita manufactured homes – 8
  • Santa Clarita commercial residential – 3

That rendering of homes and real estate listings for sale is very low. In fact, during the past 4 years, we are very close to the lowest point ever – check this out:

Active Listings, Number of
Month 2013 2014 2015 2016 2017
Jan 1166 1265 1256 1159 1091
Feb 1186 1315 1294 1252 1037
Mar 1159 1342 1343 1315
Apr 1167 1386 1414 1301
May 1162 1463 1435 1331
Jun 1223 1579 1531 1409
Jul 1318 1591 1532 1441
Aug 1313 1501 1490 1447
Sep 1346 1491 1438 1433
Oct 1310 1381 1356 1365
Nov 1294 1299 1313 1257
Dec 1189 1209 1149 1102
 

Time frame is from Jan 2013 to Feb 2017

City is one of ‘Acton’, ‘Canyon Country’, ‘Castaic’, ‘Newhall’, ‘Santa Clarita’, ‘Saugus’, ‘Stevenson Ranch’, ‘Valencia’
Results calculated from approximately 20,000 listings
median-listing-price-santa-clarita-valley-historical-record
Another point worth referencing showing the trends within the Santa Clarita real estate market have to do with housing prices. We are getting close to peak prices which were experienced back during the end of 2006 and the beginning of 2007.
Something on the graph which is very telling has to do with an apparent reduction of median home listing prices, there is a decline and that has to do with the interest rates increasing.
List Price, Median
Month 2013 2014 2015 2016 2017
Jan $313,450 $380,500 $435,000 $429,000 $491,475
Feb $335,000 $400,000 $436,250 $454,000 $459,000
Mar $339,000 $399,000 $439,999 $489,000
Apr $350,000 $419,900 $464,500 $469,450
May $375,000 $409,900 $448,692 $489,000
Jun $355,000 $406,550 $439,999 $493,700
Jul $369,900 $415,250 $464,900 $469,425
Aug $392,500 $399,900 $449,000 $475,000
Sep $397,500 $425,000 $446,750 $484,950
Oct $375,000 $425,000 $468,250 $480,526
Nov $359,800 $400,000 $439,000 $468,325
Dec $378,000 $411,000 $427,000 $449,450
Time frame is from Jan 2013 to Feb 2017

City is one of ‘Acton’, ‘Canyon Country’, ‘Castaic’, ‘Newhall’, ‘Santa Clarita’, ‘Saugus’, ‘Stevenson Ranch’, ‘Valencia’
Results calculated from approximately 25,000 listings

Reach out to me, Connor MacIvor, when you are ready for me to be of great assistance with your real estate needs. Enjoy our latest facebook live video giving you our 69th day of the year market update for 2017.

median-listing-price-and-santa-clarita-real-estate-inventory-03102017

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Connor MacIvor

Top REMAX Realtors in the Santa Clarita - Valencia and Greater Los Angeles areas. Local Real estate agents specializing in buyer and seller consultation and representation.

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