The Santa Clarita real estate reports for housing and the current market – where are we?

    Where is the current real estate market in the Santa Clarita Valley Cities?

    We have just completed the compilation of the latest Market Reports for the SCV.  Each city is represented below – Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, Valencia, Acton and Agua Dulce.

    The paris911 home team search engine for real estateYou will see within each report the best intel from the most accurate real estate data.  That is why we have hired an independent research firm – Altos Research – to pull and obtain the data.

    This solves two issues that can come about when a local Santa Clarita real estate agent attempts to build the “prices increasing, prices flat and prices declining” reports.

    Issue #1:  Purposely building the data and the reports to influence a buying or selling decision.

    Issue #2:  Not having accurate data and trusting “extra” multiple listing service and boards of Realtors services.

    Hiring an independent research firm to compile the Santa Clarita Valley housing and market data makes us and our real estate clients feel a lot more comfortable.

    What you are going to see with the reports below.

    Santa Clarita real estate inventory is still tight.  At all time lows, we are watching as “standard” sale sellers are able to sell and break even for the first time in the past 8 months.

    If a person were to have bought a home in Valencia CA June of 2012 at the median sales price – they would have been even-steven in February of 2013.

    Meaning – they can sell the home, accounting for realtor’s commission and their portion of the closing costs, breaking even.

    If you want to talk about being in the “black”.  Profiteering from the sales of the same type of home?  That time would be now.

    The longer time taken between listing and selling – it seems that the sellers in the Santa Clarita Valley are only going to be in a better position.

    Unless something happens.  This “something” can be increasing inventory.  Where will it come from?

    How about Short Sale Sellers.  The debt forgiveness act was increased to conclude December 31, 2013.  That would seem to be a GREAT reason to jump at starting this procedure now.

    Starting for those that have fallen behind on their payments or those that have experienced some type of “life changing” event, causing a hardship to be created with them keeping up with their mortgage payments.

    That is not the case, currently.  This year is no different – March will see an increase of homes for sale.  Maybe with record numbers of “Standard Sales” hitting the market.

    However, even with this, I opine that we will still have lacking inventory – but happier buyers.

    Condo and Townhome intel executive summary March 4, 2013

    Single Family Residences Housing Market Update March 4, 2013

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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.

    One Response to “The Santa Clarita real estate reports for housing and the current market – where are we?”

    • Paula Bello

      Written on

      Hi Connor, and a Good Day to Ya! St. Patrick’s Day soon to celebrate !
      For the first time since before 2008, Lenders finally coming forward with options for those not short-selling or close to losing homes, those with good credit on fixed income and who have kept their mortgage payments current for a refi. at around 4.2% to lower mo. mortgage payments through HAMP2 and able to qualify w/o the income to debt ratio standard affixed in order to refinance. So GOOD NEWS especially for some of us seniors. In meantime our home not currently on MLS [taking a breather] but our Green Valley/Santa Clarita home still For Sale on web-sites such as zillow, yahoo and craigslist w/commission to buyer’s broker @3% at close of escrow. So keep us in mind with your unique buyers who might be looking for such a place such as ours with substantial land, awesome mtn. setting, privacy, wraparound panoramic views and a lovely 2-story home to boot, yet at an affordable price in L.A. County. Plan to raise price back up a bit shortly and definitely will when once again listed on MLS, as Green Valley is Santa Clarita 91390. There’s no comps in comparison and this comfirmed with local bank appraiser. We’re just not aggressively marketing it right now on MLS. SO BRING YOUR BUYERS BY MOST ANY TIME AND WILL GLADLY TAKE YOU A TOUR OF OUR LOVELY “GREEN ACRE” PLACE. Abundance of Poppys and lilacs will be in seasonal bloom shortly on hillside, and of course with that seasonal property clearance, of which our local Fire Safe Council generally pitches in with extra helping hands. Enjoy your bulletins and expert advice. Paula B 15050 Calle Escondido

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