Santa Clarita Valley Cities reporting real estate price reductions

    Top REMAX Sales AgentsToday’s real estate and market report update is showing that Castaic Condo’s and Townhomes coupled with Newhall Single Family Homes, are reporting reducing sales prices.

    It is no secret that we have seen the “listing prices” of real estate being reduced hand over fist during the past few months. But, to date, we have seen little in the way of those “listing price” reductions effecting the “sales prices”.

    This week’s real estate housing market report is somewhat of a game changer.

    Stevenson Ranch real estate report:

    This week, as we always do, we are going to get to the quick related to a specific housing market in the Santa Clarita Valley Cities.

    We will talk descriptively about Stevenson Ranch California real estate.

    Most of the other Santa Clarita Valley Cities have experienced an overabundance of inventory. That has caused a lag in the sales of real estate in those other areas.

    Stevenson Ranch has experienced a similar delay, from a buyer perspective, but not for the same reasons.

    The reason that Stevenson Ranch real estate has slown down, is the fact that home prices have been “pricing out” most of the real estate buyers, that are interested in buying within Stevenson Ranch.

    Here is the intel:

    The Median List Price in Stevenson Ranch this week is $799,900. There are 51 real estate listings that have been on the Stevenson Ranch market for an average of 81 days.

    The 81 Days on Market timeframe is an increase over last week. ┬áThe inventory of available properties for sale has reduced to 51 in total as of this week, compared to last week’s numbers.

    Inventory in Stevenson Ranch has been lightening up lately and the Market Action Index has been trending up. Though days on market timeframes are increasing, these are mildly positive indication for the Stevenson Ranch market.

    We also see that with regard to supply and demand in Stevenson Ranch, the MAI shows some strengthening in the last few weeks, prices have not seemed to move from the plateau. Should the upward trend in sales relative to inventory continue, you can expect prices to resume an upward climb in tandem with the Market Action Index.

    Complete Santa Clarita Housing Market Update

    Canyon Country Condo Market Report

    Castaic Condo Housing Reports

    Santa Clarita CA Condo and Townhome reports

    Stevenson Ranch Condo and Townhome reports

    Newhall Condo and Townhome Reports

    Acton Single Family Housing Reports

    Canyon Country Single Family Housing Reports

    Stevenson Ranch Single Family Housing Market Reports

    Castaic Single Family Housing Market Reports

    Valencia CA Single Family Housing Market Reports

    Newhall Single Family Housing Market Reports

    Santa Clarita Single Family Housing Market Reports

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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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