So, you want to keep track of the local Santa Clarita housing markets for Single Family Residences.
Welcome – that is what we have posted on our Latest Santa Clarita housing market youtube video.
The markets, for the most part, completely across the board, are flat. Flat in relation to the listing prices and flat in the prices per square foot.
However, there is an increase in the time it takes to sell a Santa Clarita home. That is known in real estate as Days on Market. We have seen an increase of Days on Market during the past several weeks.
All cities have been affected within the Santa Clarita Valley. As of late, we are seeing the same trends in other Cities in which we serve our real estate clients within.
One such city is Beverly Hills CA – we have just completed our Beverly Hills market updates this am and you can view it in it's entirety if Beverly Hills is your flavor.
Here are a few dynamics that morph when properties have a longer Days on Market. First – the buyers of the world think that those sellers listings have been over priced. Second – the sellers real estate listings sit longer on the market. Third – most buyers then think they can obtain a better than “fair market value” deal on the properties because they consider the sellers having become desperate.
That is the primary reason it's important to price your home correctly when you set out of the chute.
Buyer awareness and the typical thought process involved with real estate that happens to sit on the market longer than the listings that are priced to sell.
Have a great day folks and we will be sure to keep you updated as far as real estate is concerned within the Santa Clarita Valley cities and beyond.