Santa Clarita Short Sale & Bank Owned Properties For Sale September 2, 2009

Santa Clarita Short Sales & Bank Owned Properties for sale

As your Santa Clarita Certified Pre Foreclosure Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Santa Clarita Valley, SCV. Whether you are thinking about buying a home, you need to short sale your home, or are just looking to be educated about the current Santa Clarita real estate market which includes the Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas.

Many agents will cut and paste the daily numbers, but is this really giving you a true picture of what is happening in our market? I have done an in depth analysis of the Santa Clarita Pre Foreclosure & Foreclosure Real Estate Market. I usually do a monthly break down of the bank owned listings vs. the short sale listings but felt it necessary to give you a clear picture of what the statistics are showing us from February 3 to September 2, 2009.

You may have noticed we have reached historic low levels of inventory here in the Santa Clarita Valley. In my opinion the government programs have created a seller's market. The banking institutions are taking advantage of a basic supply vs. demand market with the foreclosure moratoriums in place. By cutting off the supply and creating incentives for first time home buyers to purchase, they have slowed the decline of property values. You can clearly see that President Obama's pressure on the banking industry to streamline loan modifications and short sales is starting to take effect. If you look closely at some areas here in Santa Clarita you will see prices have gone down in value but some areas are on the rise. It will be interesting to see how this next wave of Foreclosures will impact our market.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 4 active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending. 6 total bank owned listings in Stevenson Ranch.

Average pending list price: $501,450

Average sale price: $519,990 from 8/2/2009 - 9/2/2009 1 home sold.

The bank owned homes sold $18,540 Above the current average pending list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429 Below the current average pending list price.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUAURY 3, 2009:

There were 6 single family homes for sale, 8 homes in back up or pending status.

Average list price: $549,850

Average sale price: $575,666 from 1/10/2000 - 02/03/2009 there were 3 homes sold.

The bank owned homes sold $25,816 Above the average list price.

Stevenson Ranch sale prices for bank owned properties have dropped 15% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH SEPTEMBER 2, 2009:

There are 13 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 11 in back up 5 pending. 29 total short sale listings in Stevenson Ranch.

Average list price: $620,122

Average sale price: $544,166 from 8/2/2009 - 9/2/2009 6 homes sold.

The short sale homes sold for $75,956 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There were 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:

There were 21 single family homes for sale, 14 homes in back up or pending status.

Average list price: $537,185

Average sale price: $438,500 from 1/10/2009 - 02/03/2009 there were 2 homes sold.

The short sale homes sold for $98,685 below the average list price.

Stevenson Ranch sale prices for short sale properties have increased by 25% in the past 7 months.

ACTIVE BANK OWNED LISTINGS IN VALENCIA SEPTEMBER 2, 2009:

There are 7 active bank owned (REO's) single family homes for sale in Valencia, 5 in back up 18 pending. 30 total bank owned listings in Valencia.

Average list price: $398,675

Average sale price: $376,412 from 8/2/2009 - 9/2/2009, 8 homes sold.

The bank owned homes sold $22,263 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN VALENCIA MAY 28, 2009:

There were 6 active bank owned (REO's) single family homes for sale in Valencia, 2 in back up 26 pending.

Average list price: $358,083

Average sale price: $417,612 from 4/8/2009 - 5/28/2009, 29 homes sold.

The bank owned homes sold $59,529 Above the current average list price.

ACTIVE BANK OWNED LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There were 18 single family homes for sale, 30 homes in back up or pending status.

Average list price: $492,100

Average sale price: $456,491 from 1/10/2009 - 02/03/2009 there were 6 homes sold.

The bank owned homes sold for $35,609 Below the average list price.

Valencia sale prices for bank owned properties have dropped 18% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN VALENCIA SEPTEMBER 2, 2009:

There are 31 active short sales, pre foreclosure single family homes for sale in Valencia, 74 in back up 47 pending. 152 total short sale listings in Valencia.

Average list price: $497,775

Average sale price $423,392 from 8/2/2009 - 9/2/2009, 13 homes sold.

The short sale homes sold for $74,383 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN VALENCIA MAY 28, 2009:

There were 59 active short sales, pre foreclosure single family homes for sale in Valencia, 54 in back up 42 pending.

Average list price: $457,564

Average sale price $472,294 from 4/8/2009 - 5/28/2009, 17 homes sold.

The short sale homes sold for $11,082 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There were 81 single family homes for sale, 42 properties in back up or pending status.

Average list price: $461,054

Average sale price: $396,666 from 1/10/2000 - 02/03/2009 there were 3 homes sold.

The short sale homes sold for $64,388 Below the average list price.

Valencia sale prices for short sale properties have increased 7% in the past 7 months.

ACTIVE BANK OWNED LISTINGS IN SAUGUS SEPTEMBER 2, 2009:

There are 4 active bank owned (REO's) single family homes for sale in Saugus, 4 in back up 22 pending. 30 total bank owned listings in Saugus.

Average list price: $522,175

Average sale price: $381,000 from 8/2/2009 - 9/2/2009, 12 homes sold.

The bank owned homes sold $141,175 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN SAUGUS MAY 28, 2009:

There were 14 active bank owned (REO's) single family homes for sale in Saugus, 4 in back up 16 pending.

Average list price: $373,006

Average sale price: $361,910 from 4/8/2009 - 5/28/2009, 19 homes sold.

The bank owned homes sold $11,096 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There were 20 single family homes sale, 26 homes in back up or pending status.

Average list price: $371,271

Average sale price: $412,818 from 1/03/2009 - 02/03/2009 there were 10 homes sold.

The bank owned homes sold for $41,547 Above the average list price.

Saugus sale prices for bank owned properties have dropped 7% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN SAUGUS SEPTEMBER 2, 2009:

There are 26 active short sale, pre foreclosure single family homes for sale in Saugus, 37 in back up 28 pending. 91 total short sale listings in Saugus.

Average list price: $438,911

Average sale price: $397,487 from 8/2/2009 - 9/2/2009, 8 homes sold.

The short sale homes sold for $41,424 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN SAUGUS MAY 28, 2009:

There were 44 active short sale, pre foreclosure single family homes for sale in Saugus, 41 in back up 23 pending.

Average list price: $437,779

Average sale price: $406,500 from 4/8/2009 - 5/28/2009, 14 homes sold.

The short sale homes sold for $31,279 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There were 63 single family homes sale, 32 homes in back up or pending status.

Average list price $453,837

Average sale price: $495,000 from 1/10/2009 - 02/03/2009 there was 1 home sold.

The short sale homes sold for $41,163 Above the average list price

Saugus sale prices for short sale homes have dropped 20% in the past 7 months.

ACTIVE BANK OWNED LISTINGS IN NEWHALL SEPTEMBER 2, 2009:

There are 2 active bank owned (REO's) single family homes for sale in Newhall, 1 in back up 2 pending. 5 total bank owned listings in Newhall.

Average pending list price $228,985

Average sale price $375,444 from 8/2/2009 - 9/2/2009, 9 homes sold.

The bank owned homes sold $146,459 Above the current average list price.

ACTIVE BANK OWNED LISTINGS IN NEWHALL MAY 28, 2009:

There were 0 active bank owned (REO's) single family homes for sale in Newhall, 2 in back up 10 pending.

Average pending list price $347,480

Average sale price $359,072 from 4/8/2009 - 5/28/2009, 11 homes sold.

The bank owned homes sold $11,592 Above the current average list price.

ACTIVE BANK OWNED LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There were 10 single family homes sale, 17 homes in back up or pending status.

Average list price: $326,490

Average sale price: $338,506 from 1/10/2009 - 02/03/2009 there were 4 homes sold.

The bank owned homes sold for $12,016 Above the average list price.

Newhall sale prices for bank owned properties have increased 11% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN NEWHALL MAY 28, 2009:

There are 8 active short sale, pre foreclosure single family homes for sale in Newhall, 23 in back up 11 pending. 42 total short sale listings in Newhall.

Average list price: $365,973

Average sale price: $414,500 from 8/2/2009 - 9/2/2009, 2 homes sold.

The short sale homes sold for $48,527 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN NEWHALL MAY 28, 2009:

There were 20 active short sale, pre foreclosure single family homes for sale in Newhall, 17 in back up 11 pending.

Average list price: $377,569

Average sale price: $363,800 from 4/8/2009 - 5/28/2009, 10 homes sold.

The short sale homes sold for $13,769 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There were 36 single family homes sale, 12 homes in back up or pending status.

Average list price: $404,631

Average sale price: $330,000 from 1/10/2009 - 02/03/2009 there were 1 home sold.

The short sale homes sold for $74,631 Below the average list price.

Newhall sale prices for short sale homes have increased 25% in the past 7 months.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY SEPTEMBER 2, 2009:

There are 10 active bank owned (REO's) single family homes for sale in Canyon Country, 4 in back up 25 pending. 39 total bank owned listings in Canyon Country.

Average list price: $378,148

Average sale price: $279,252 from 8/2/2009 - 9/2/2009, 17 homes sold.

The bank owned homes sold $98,896 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY MAY 28, 2009:

There were 12 active bank owned (REO's) single family homes for sale in Canyon Country, 2 in back up 31 pending.

Average list price: $425,158

Average sale price: $322,079 from 4/8/2009 - 5/28/2009, 42 homes sold.

The bank owned homes sold $103,079 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There were 32 single family homes sale, 58 homes in back up or pending status.

Average list price: $327,498

Average sale price: $322,226 from 1/10/2009 - 02/03/2009 there were 26 homes sold.

The bank owned homes have sold for $5,272 Below the average list price.

Canyon Country sale prices for bank owned properties have dropped 13% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY SEPTEMBER 2, 2009:

There are 46 active short sale, pre foreclosure single family homes for sale in Canyon Country, 60 in back up 47 pending. 153 total short sale listings in Canyon Country.

Average list price: $371,304

Average sale price: $425,063 from 8/2/2009 - 9/2/2009, 8 homes sold.

The short sale homes sold for $53,759 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY MAY 28, 2009:

There were 66 active short sale, pre foreclosure single family homes for sale in Canyon Country, 37 in back up 45 pending.

Average list price: $438,883

Average sale price: $340,210 from 4/8/2009 - 5/28/2009, 19 homes sold.

The short sale homes sold for $98,673 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There were 117 single family homes sale, 40 homes in back up or pending status.

Average list price: $374,665

Average sale price: $438,000 from 1/10/2009 - 02/03/2009 there were 5 home sold.

The short sale homes have sold for $63,335 Above the average list price.

Canyon Country sale prices for short sale homes have dropped 3% in the past 7 months.

ACTIVE BANK OWNED LISTINGS IN CASTAIC SEPTEMBER 2, 2009:

There are 11 active bank owned (REO's) single family homes for sale in Castaic, 5 in back up 11 pending.

Average list price: $341,297

Average sale price: $327,000 from 8/2/2009 - 9/2/2009, 10 homes sold.

The bank owned homes sold $14,297 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN CASTAIC MAY 28, 2009:

There were 8 active bank owned (REO's) single family homes for sale in Castaic, 4 in back up 13 pending.

Average list price: $382,439

Average sale price: $372,891 from 4/8/2009 - 5/28/2009, 11 homes sold.

The bank owned homes sold $9,548 Below the current average list price.

ACTIVE BANK OWNED LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently were are 14 single family homes sale, 14 properties in back up or pending status.

Average list price: $496,221

Average sale price: $432,500 from 1/10/2009 - 02/03/2009 there were 6 homes sold.

Bank owned homes sold for $63,721 Below the average list price.

Castaic sale prices for bank owned homes have dropped 24% in the past 7 months.

ACTIVE SHORT SALE LISTINGS IN CASTAIC SEPTEMBER 2, 2009:

There are 19 active short sale, pre foreclosure single family homes for sale in Castaic, 28 in back up 15 pending. 62 total short sale listings in Castaic.

Average list price: $350,563

Average sale price: $376,000 from 8/2/2009 - 9/2/2009, 4 homes sold.

The short sale homes sold for $25,437 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN CASTAIC MAY 28, 2009:

There were 24 active short sale, pre foreclosure single family homes for sale in Castaic, 21 in back up 12 pending.

Average list price: $358,412

Average sale price: $354,142 from 4/8/2009 - 5/28/2009, 7 homes sold.

The short sale homes sold for $4,270 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently were are 44 single family homes sale, 19 properties are in back up status or pending.

Average list price: $392,324

Average sale price: $407,500 from 1/10/2009 - 02/03/2009 there were 4 homes sold.

The short sale homes sold for $15,176 Above the list price.

Castaic sale prices for short sale properties have dropped 7% in the past 7 months.

With the constantly changing market we are in my goal is to keep you up to date with the most current home sales statistics in the Santa Clarita Valley. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties for sale. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to minimize their loss severity, they want to see offers as close to fair market value as possible. In some instances there are listings that are generating multiple offers which results in a higher sale price. Here is where an experienced agent can guide you with these purchases.

You as a buyer need an agent who truly understands this market and can help you get your desired home whether it is a bank owned or short sale listing. With so much information and misinformation you need an above average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Pre Foreclosure Specialists, PSC with a Certified Distressed Property Experts designation, CDPE. By dealing with a Realtor who has earned the PSC and CDPE designations, buyer's and seller's ensure that they are working with an experienced Santa Clarita Short Sales Expert that is equipped to handle their specific needs. We want to be the number one real estate agent you call when looking to buy or sell in today's market.

This real estate market has caused unbearable stress and heartache. As a Pre Foreclosure Specialist with a Certified Distressed Property Expert designation we have the training and expertise necessary to minimize our clients financial loss and limit the damage t o their credit. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help Santa Clarita families get on the path to recovery.

There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments) on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned. Many of you have heard these terms on the news lately or see these types of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to short sale, pre foreclosure definitions.

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions. We are Santa Clarita's short sale specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process. We want to be the number one short sale agent you call, we are here to help you avoid foreclosure.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Santa Clarita, or any other areas of Southern California go to: Search the MLS like a Realtor

You can track the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button.