Undressing the real estate market in Santa Clarita

    There are several dynamics that we are continuing to see with regard to our current real estate market in the Santa Clarita Valley Cities – I’ll undress them in a moment.

    This past week I spoke about the current state of the Santa Clarita real estate market and I will hit the highlights here.

    The Santa Clarita real estate market remains at an all time low relative to real estate inventory. Looking at the four years preceding this current housing market, we see that our inventory levels are at an all time low. (see graphic below)

    Another trend, that is limiting the real estate inventory are where the homes and houses to list would be coming from, are the seller’s interest rates.

    Why would a real estate seller’s interest rate impact a home buyer? It would impact a home buyer by keeping that home off the market while the seller digests having to pay a higher interest rate than they currently have.

    Trust me when I tell you that this dynamic will not last forever. No real estate market keeps on it’s present course without a change or correction at some point.

    We observed the last real estate market which failed badly. That market had real estate prices at all time high levels.

    Today with the foreclosure inventory being at 1% or less in the present real estate market, we have recovered. The only thing that is changing, which it has in the past, is the mortgage interest rates. That is the topic of discussion and they are being viewed as potentially being able to put the current real estate market back on it’s heels.

    The changes in interest rates have not been dramatic over the past couple of years. We are currently around 4.25% – The low point in the mortgage interest rate market was 3.2%. The overall picture of mortgage interest rates shows that we are still at all time lows and money is inexpensive to borrow.

    Buying and selling real estate is a very personal decision. There is a time in every market for a particular type of home buyer and another type of home seller. You need the best Santa Clarita real estate advice. Reach out to me when you are ready and here are some of the latest stats related to the Santa Clarita real estate market.

    Click here to see more information about our Santa Clarita real estate crash course.

    Four years of Santa Clarita real estate inventory

    As you can see we are close to the all time low in the past 4 years related to the housing inventory for sale in the Santa Clarita Valley Cities. This area is composed of the cities of Castaic, Canyon Country, Newhall, Stevenson Ranch, Saugus and Valencia California.

    Five years of Santa Clarita sales prices (average)

    While this chart missed the 2007 and late 2006 real estate prices, it shows an increase since January of 2013. The bottom of the Santa Clarita real estate market was late 2011 and the beginning of 2012. The fall of the Santa Clarita real estate market started March of 2007 and continued to the bottom in late 2011.

    As of the end of June 2017, the Santa Clarita Valley is approximately 7-12% off of peak prices which were experienced in 2007 and late 2006. This trend will continue as long as buyers are in high demand and while inventory is still low.

    I’m Connor with HONOR and I want to apply for the job of being your Santa Clarita Realtor. When you are ready, let’s set up a time to meet at my offices located in the Santa Clarita REMAX Building. 25101 The Old Road, Santa Clarita CA, 91381.

    If you desire to meet at our Valencia Location – REMAX of Valencia – 27720 Dickason Ave. Valencia CA, 91355, I can set that up for you, just let me know.

    You need a good guide with your real estate endeavors. A Realtor who is not focused on the commission, but one who is all about you and your needs. Being the best guide and looking forward to your success and happiness. Focused on your referrals as one of the reasons why they are going to do their best to protect and serve your real estate needs.

    Trackback from your site.

    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.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)