Welcome to our real estate update via our Santa Clarita real estate radio show.
I’m your host, Connor MacIvor a REMAX Realtor heading up a team know as Paris911.
Paris is for a person – not that person 🙂
I was the 911 for a long time with the LAPD – I quit after 17 years full time service – I remained a reserve for 5 more years and received an honorary retirement. That means sometimes I don’t have to pay for drinks…
So Hence our Team at REMAX Name: Paris911
Sold Saturdays – Santa Clarita
39 listings have closed escrow throughout the Santa Clarita Valley Cities. We have included Castaic, Canyon Country, Newhall, Valencia, Stevenson Ranch, Saugus and Acton into our Sold Saturdays recap.
Historically, at least during the past several months, we have seen a Sold Number closer to 60-70 being our weekly sold average in the Santa Clarita Valley.
<———–click on the list to see the Santa Clarita solds on a map!
You can see the cities within the first column.
The area within the particular city in the second column.
Types of Sale:
Spay, NOD, Spay – Short Sales
STD – Standard Sale
Then the price – the Red Arrow Down shows the home sold for less than it’s listing price.
The Green up arrow indicates the home sold for more than it’s listing price.
No arrow indicates the home sold for it’s exact listing price.
Then you have BR/BA – Bedrooms and Bathrooms.
YrBlt – Year built.
Sqft – Square footage of the home/condo/townhome.
39 – that’s by no means a stellar number.
Comparing those that have sold with regard to their “original” Price, Median – as compared to their actual “Sales Price”, median – we see that the Santa Clarita home and real estate market is experiencing a pricing adjustment cycle and has been for the past year.
Prices are not reducing from past Fair Market Value Levels, it’s that some real estate sellers and their realtors are pricing some of the homes too aggressively. This aggressive pricing strategy is causing the results on the graphic below – remember the figures are “median” in nature – not specific.
The “good thing” is that buyers are not scared to offer aggressively less than listing price, depending on the home and how lacking comparable inventory is.
How is Santa Clarita Doing?
We are actually doing quite well. We are currently lacking real estate inventory. However, buyers are active in the local markets wanting to buy homes.
Interest Rates are very low and have lowered more this past week.
Financing is loosening up with the new 3 percent down loan programs that Fannie and Freddie are offering.
Thanks for taking the time to read my Sold Saturdays Broadcast Notes.
Tomorrow on the Santa Clarita real estate radio show we will be talking “Santa Clarita Open Houses”.
Be safe – Search well and let me know if I may be of further assistance.