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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