The SCV Cities are continuing to have their prices increase across the board. There is some “relief” though where as those price increases are no where as abrupt as they have in the past several months.
We see most of the local Santa Clarita Valley Cities relaxing with regard to their housing prices. However, the increase and conditions still exist to continue an upward trend in real estate prices.
Both Valencia and Stevenson ranch are plagued with lacking inventory. That is keeping our local Sellers in those cities pretty happy where their homes are selling with limited exposure and time on the market.
Depending on price ranges, we are seeing that buyers are also getting some advantage from the current real estate market in the way of having more real estate listings to choose from.
While it is not the Buyers Hayday – there are some great buys to take advantage of, if their agents are adapted to fight for their real estate buyers.
Most of the responses on the real estate listings, with offers submitted, had been in days and not weeks, as we observed when the short sales and bank owned foreclosures ruled the local real estate markets.
We will continue to watch the trends develop, and I’d opine that we will be knee deep in a buyers market in the fall of 2014.
Be safe and remember the Paris911 Team at REMAX when you are ready to make your move with regard to real estate and local housing. Serving the Greater Los Angeles Areas and Cities.