Santa Clarita Intel
Prices are going up, but have slowed their ascent as of the past couple of weeks.
Days on market have increased for the properties that have been listed for sale during the last couple of weeks as well.
We are still seeing an “aggressive” trend to those homes in the Santa Clarita Valley that have been listed at the FMV amount and those who’s sellers are savvy enough to go 2-5% below that level.
By Aggressive I mean, those sellers are getting offers that exceed the fair market value prices, although they are under it at the time of listing.
Investors slowing their roll
One of the things we can deduce is the real estate investors are pulling back a bit. While this decrease, from 22% in April to 22.2% in May – based on a three month average and according to the Campbell/.Inside Mortgage Finance HousingPulse tracking survey.
We are seeing the “investor pull back” on a local level. We have been in process with some of our sellers listings with investor buyers, most have remained in the game as long as the (offering price) is still holding true…
Local Agents are the BEST
Be weary and have a look at your local market and make sure your Realtor is keeping on the local Real Estate intel reports and housing numbers so you don’t get sold short – or long 🙂
Be safe – search well and make sure you are working with professionals only!