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Return to Home Page <!-- Add target attribute to open new browser window to view publisher URL and alt tag - Rod 7/12/02 --> Real Estate Q&A's Real Estate Glossary
KELLY GREENE IS SANTA CLARITA VALLEY, CALIFORNIA'S REALTOR OF CHOICE
Kelly Greene
REALTOR®
Realty Executives
24106 Lyons Avenue
Santa Clarita, CA 91321
661.260.3586
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Contact Me
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<!-- Modify links to popup into new window - Rod 5/29/02 --> <!-- Modify links to popup into new window - Rod 5/29/02 -->26290 Park View Rd, Valencia
SOLD FOR $1,112,500.00 SUMMIT: 4 BEDROOMS 3.5 BATHS 3,820' SELLING AGENT
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<!-- Modify links to popup into new window - Rod 5/29/02 --> <!-- Modify links to popup into new window - Rod 5/29/02 -->19626 BRUCES PLACE, CC
SOLD FOR $519,000.00 4 BEDROOMS 2.5 BATHS 2,394' LISTING AGENT
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27933 Crown Court Valencia
SOLD for $329,500 2 Bed 3 Bath Selling Agent
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<!-- Modify links to popup into new window - Rod 5/29/02 --> <!-- Modify links to popup into new window - Rod 5/29/02 -->30316 JUNE ROSE CT, CA
$729,000. LISTING AGENT 4 BEDROOMS 3 BATHS 2,957'
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<!-- Modify links to popup into new window - Rod 5/29/02 --> <!-- Modify links to popup into new window - Rod 5/29/02 -->29315 W Melia Way, CC
$414,000. LISTING AGENT 3 BEDROOMS 2 BATHS 1316'


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Kelly Greene
REALTOR®
Realty Executives
24106 Lyons Avenue
Santa Clarita, CA 91321
661.260.3586
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Contact Me
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Equal Housing Opportunity
KELLY GREENE WINS REALTY EXECUTIVES AWARDS
OUTSTANDING LISTING ACHIEVEMENT, CERTIFICATE OF EXCELLENCE... ...more
SANTA CLARITA HOME SALES UP 55%
Santa Clarita Home Sales Up 55% Continuing an upward trend in sales that started in April, more homes sold throughout the Santa Clarita Valley than a year ago with the 172 closed escrows reported this November up 55.0 percent over November 2007, the Southland Regional Association of Realtors® reported. "That's a far cry from the record high 405 sales set in June 2005, but a strong indicator that the local housing market has bottomed out and resale activity is on the upswing," said Doreen Chastain-Shine, president of the Association's Santa Clarita Valley Division. "With the increased buyer demand we're seeing we expect further improvement in sales and an end to the slide in prices," she said, "but that won't fully materialize until the economy stabilizes, foreclosures disappear from the market, and lenders start writing home loans again." Realtors® also closed escrow on 62 condominiums during November, up 63.2 percent from a year ago. 'That compares with the record high of 204 condo sales set in April of 2003. The median price of single-family homes sold during November throughout Santa Clarita was $400,000, off 23.4 percent from a year ago and dramatically below the record high of $643,000 which came in April 2006. The drop off in the condo median price was even steeper during November - down 33.5 percent to a median of $210,000, well below the record high of $397,000 set in January 2006. "The local market is clearly bouncing off the bottom with remarkable bargains going to buyers who come to the table with cash or a loan in hand," said Jim Link, the Association's chief executive officer. "There would be even more sales, except lenders are not issuing loans even to some buyers who meet today's exceptionally stringent, constantly shifting underwriting standards. "It's a very difficult, unpredictable market right now, which also means it's a time of immeasurable opportunity for those who are willing to jump in," he said. "It's much better housing market than a year ago and price declines are starting to slow, but further improvement won't come until the economy settles down and the credit market opens up." Even with the financing difficulties and approach of the holidays, pending escrows - a measure of future sales activity - suggest that resale activity will remain relatively upbeat through the end of the year and beyond. A total of 270 open escrows were reported at the end of November - up 65.6 percent from a year ago. The Southland Regional Association of Realtors also reported 1,487 active listings throughout the Santa Clarita Valley as of the end of November. That was 36.5 percent below November 2007. At the current pace of sales, the inventory represents a 6.4-month supply, up slightly from prior months but still just on the high side of the 5- to 6-month supply that real estate experts believe represents a balanced market. ...more
SCV Housing Market Better Than Most
Continuing an Upward Trend in SALES ...more
SCV home sales continue to rise
Sales of single-family homes and condos in the Santa Clarita Valley posted the fifth consecutive month of increased activity in June and the Southland Regional Association of Realtors believes the local residential real estate market is improving and will continue to remain on the rebound in the coming months. ...more
Santa Clarita Valley Home Sales Post Strong Increases
Buyers eager to capture bargains on foreclosed properties pushed sales of existing single-family homes in the Santa Clarita to their highest level in months, posting the fourth consecutive month of gains and the first year-to-year increase in 13 months, the Southland Regional Association of Realtors reported . ...more
Calif.: Sales Rise as Home Prices Bottom
As foreclosures push down California housing prices, first-time home buyers surge into the market. ...more
HOME SALES UP, UP & AWAY
Sales of existing single-family homes in the Santa Clarita Valley continued their rebound in May with more than 200 homes closing escrow, according to a Thursday report from the Southland Regional Association of Realtors. Despite the improvement for single-family home sales, condominium sales remain slow while the inventory of homes for sale is dropping and inching closer towards a balanced market between buyers and sellers. ...more
Bottom's Up: This Real-Estate Rout May Be Short-Lived
This real-estate rout has been more painful than prior ones, but it may be shorter-lived. Indeed, there are early signs of recovery. ...more
Tax Benefits of Owning a Home
Before a home owner curses the troubled housing market, he or she should take solace in the U.S. tax code, which makes buying a home a good deal for almost everyone. ...more
First-Time Buyer Tax Credit: A Reason to Buy Now
The homeownership tax credit that the federal government created earlier this year is a hard-won tool at your disposal to encourage your customers to jump off the fence and get into the home buying market. ...more
FHA waives 90-day waiting period for resales
In an attempt to help lenders speed the process of getting real estate-owned properties off their books, the Federal Housing Administration will temporarily lift a 90-day waiting period for property resales financed by FHA-guaranteed loans. ...more
Study: Top Lenders for Home Equity Loans
Despite the upheaval among lenders and declining home values, customer satisfaction with home-equity lines of credit remains high, according to the J.D. Power and Associates 2008 Home Equity Line/Loan Origination Study released. ...more
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Posted Tuesday Jan 06