Santa Clarita, CA

Below are the current statistics for properties in the Santa Clarita Valley area, including Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia.

Current Number of Total Available (Active) Listings: 1336
Average # of Days on Market: 104
Current Number Listed with a "Special Condition" (REO/Lender Owned, Short Sale, Notice of Default, Auction, HUD/Govt Owned, Bankruptcy, Probate, Reclocation Company Owned, etc.): 807
New Listings taken in last 30 days: 297

Currently in Escrow: 590

Total Number of Closed Listings in last 30 days: 257
Average # of Days on Market: 64
Average Sales Price/Listing Price: 99%
Average Property: 3.3 bedrooms, 2.5 baths, 1807 sq ft, Listed at $380,346 and sold at $375,587

Closed Listings in last 30 days with a "Special Condition" (REO/Lender Owned, Short Sale, Notice of Default, Auction, HUD/Govt Owned, Bankruptcy, Probate, Reclocation Company Owned, etc.): 179

*Information deemed reliable, but not guaranteed.

As a Realtor® with Dilbeck GMAC Real Estate, I continuously monitor local real estate statistics to keep my clients informed and ahead of the real estate trends.

Please contact me:

• If you are looking to buy, sell or lease your home in the Santa Clarita or San Fernando valleys.
• If you are looking to buy, sell or lease your home outside of my areas of service. I can put you in touch with the best Realtor® in your area.
• If you have any Real Estate questions I can help you answer.

I look forward to speaking with you!

Ravinder Pilson, Realtor®
http://www.ravinderpilson.com/
ravinder.pilson@dilbeck.com
661.219.0160 Office
818.645.7912 Mobile

Points are up-front fees paid by the borrower to obtain a better interest rate on a loan. One point equals one percent of the loan amount. And while a lower interest rate may result in a lower monthly payment, it is important to consider how long you intend to be in the loan and to compare current interest rates to historical market trends. This will help you to determine whether paying points is a worthwhile investment.

Let's look at a common sample scenario for Santa Clarita, CA. If you take out a $300,000 mortgage and decide to pay one point in order to lower your interest rate, this would translate into an up-front cost of $3,000. To keep things simple, we'll assume that paying this one point will save you $50 a month. This means it will take you 60 months to recoup the cost of that point. If you decide to refinance or sell the home before the 60-month mark, your money is lost - not to mention the opportunity cost of not having this money invested elsewhere. In this scenario, you would only benefit financially from paying points if you were to remain in the home for no less than 60 months.

It's also important to remember that interest rates run in cycles. When rates are at historical lows, it makes more sense to pay points if you plan to live in the home for an extended period of time. If it's unlikely that rates will go down in the near future, then there will be no need to refinance.

When interest rates are high, however, there is a strong likelihood that they will come down again before too long. Therefore, this is not a good time to pay points. The chances of refinancing in the near future are extremely high, and you will likely not be in the loan long enough to recoup the up-front cost of the points.

Tax deductibility is another thing to consider when choosing whether or not to pay points. For new purchases, interest from both points paid and your mortgage are tax deductible up front. For refinances, however, points are not deductible up front. Instead the deductions are spread out over the term of the loan (unless the entire loan is paid off early), making points more costly in comparison.

Ultimately, there's a lot to consider when it comes to points and whether or not they are a worthwhile investment. An experienced mortgage professional will work with you to determine the best course of action based upon your specific situation. Request a comprehensive cost comparison to see whether paying points could be financially beneficial to you.

If you or someone you know would like to learn more about points and whether they should be a part of your mortgage plan, give us a call. We would be happy to assist you!

Consumer advocates and the California Department of Real Estate urge home owners facing or in the midst of foreclosure proceeding to be wary of services that charge advance fees for assistance with troubled loans.

While there are many legitimate and qualified resources available to help with a loan modification, there also are many scam artists. These phony services will tell a borrower that they can negotiate a deal with the lender if the borrower pays a fee first. They tell the borrower not to contact their lender or credit counselor and to let the "negotiator" handle the details. However, once they have the money, the crook takes off. Or, worse yet, the scam artist has the owner signs documents that surrender the title to the house in exchange for worthless or an expensive "rescue" loan. Never sign any documents or deed that removes you from title on your home. If you do at that point you have given away the instrument that secures your note.

Santa Clarita home owners who are behind on their mortgage payments, may be contacted by individuals or companies that will offer to help work out a loan modification with the lender or provide other services to help the owner prevent a foreclosure. Be especially cautious if the service requires advance payment of a fee - typically one to one-and-a-half times the monthly loan payment or much more.

California Civil Code Section 2945, which regulates "foreclosure consultants," forbids anyone who falls under the definition of a "foreclosure consultant," as well as a real estate licensee, from collecting any advance fees for these types of services if a Notice of Default has been recorded against a property, according to the DRE. If the lender has recorded a notice of default, do not pay an advance fee to anyone.

Should you have any questions on the Loan Modification or Short Sale process, Jennifer and I don't charge our clients upfront fees. On our first consultation we will review & evaluate your financial situation. At that point we will know and explain what options are available to you. You will be guided and educated throughout the process. Each financial situation is unique, upon successfully closing a loan modification a consultation fee could be charged. Should you not qualify for a loan modification we will consult you on the benefits of a short sale vs letting the property go to foreclosure.

If your facing foreclosure or interested in buying or selling in Santa Clarita, we'd like the opportunity to earn your confidence and business. Please view our website at http://www.riccosellshomes.com/ to learn more about us. You can also login into www.santaclaritavalleyhomesforsale.listingbook.com to monitor the value of your property with a Daily Market Analysis and search for homes. You can Contact Jennifer & Gary Ricco at Keller Williams VIP Properties. Office # 661.290.3837

Homes for sale in Stevenson Ranch. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current home and condo sales information in the Stevenson Ranch area which includes Southern Oaks and Sunset Point.

ACTIVE LISTINGS AS OF NOVEMBER 15:

Currently there are a combination of 99 single family homes and condo's for sale.

Minimum List Price: $260,000 Days on Market: New Listing

Average List Price: $586,550 Days on Market: 83

Maximum List Price: $1,395,000 Days on Market: 451

OF THE 99 LISTINGS 7 ARE BANK OWNED PROPERTIES (REO'S)

OF THE 99 LISTINGS 41 ARE SHORT SALE LISTINGS

51 ARE REGULAR LISTINGS

ACTIVE LISTINGS AS OF OCTOBER 23:

There were a combination of 90 single family homes and condo's for sale.

Minimum List Price: $239,000 Days on Market: 1

Average List Price: $590,719 Days on Market: 79

Maximum List Price: $1,395,000 Days on Market: 428

OF THE 90 LISTINGS 11 ARE BANK OWNED PROPERTIES (REO'S)

OF THE 90 LISTINGS 32 ARE SHORT SALE LISTINGS

47 ARE REGULAR LISTINGS

BACK UP OFFERS AS OF NOVEMBER 15:

Currently there are 12 listings on the market.

Minimum List Price: $ 270,900 Days on Market: 1

Average List Price: $ 485,031 Days on Market: 42

Maximum List Price: $925,000 Days on Market: 129

OF THE 12 IN BACK UP 3 ARE BANK OWNED PROPERTIES (REO'S)

OF THE 12 IN BACK UP STATUS 8 ARE SHORT SALE LISTING

1 IS A REGULAR SALE

BACK UP OFFERS AS OF OCTOBER 23:

There were 15 listings on the market.

Minimum List Price: $ 299,000 Days on Market: 1

Average List Price: $ 542,577 Days on Market: 50

Maximum List Price: $925,000 Days on Market: 129

OF THE 15 IN BACK UP STATUS 10 ARE SHORT SALE LISTINGS

5 ARE REGULAR SALES

PENDING AS OF NOVEMBER 15:

Currently there are 24 listings pending.

Minimum List Price: $239,000 Days on Market: 5

Average List Price: $472,035 Days on Market: 75

Maximum List Price: $949,000 Days on Market: 238

OF THE 24 LISTED 8 ARE BANK OWNED PROPERTIES (REO'S)

OF THE 24 LISTED 9 ARE SHORT SALE LISTINGS

7 ARE REGULAR SALES

PENDING AS OF OCTOBER 23:

There were 34 listings pending.

Minimum List Price: $269,000 Days on Market: 4

Average List Price: $544,497 Days on Market: 96

Maximum List Price: $989,000 Days on Market: 495

OF THE 34 LISTED 11 ARE BANK OWNED PROPERTIES (REO'S)

OF THE 34 LISTED 12 ARE SHORT SALE LISTINGS

11 ARE REGULAR SALES

HOMES/CONDO'S SOLD IN THE PAST 30 DAYS:

18 listings SOLD in Stevenson Ranch.

Minimum Sale Price: $260,000 Days on Market: 4

Average Sale Price: $534,507 Days on Market: 97

Maximum Sale Price: $975,000 Days on Market: 495

OF THE 18 SOLD 6 WERE BANK OWNED PROPERTIES (REO'S)

OF THE 18 SOLD 3 WERE SHORT SALE LISTINGS

9 WERE REGULAR SALES

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 Stevenson Ranch Area. As a potential seller it helps to give you an idea of what the market performance is doing and what you may anticipate. All properties are different and an in depth comparative market analysis consisting of location, sqft, and upgrades are needed to give you an exact list price. As a buyer these numbers help you to understand what the price ranges are in Stevenson Ranch, there are many different homes for sale. Whether your buying or selling I would like the opportunity to interview with you for the job. I have an extensive marketing plan to put your property in front of buyers to get your property sold.

To see the lastest market activity report go to Jennifer's Blog button and click on Stevenson Ranch Home Sales.

My husband and I specialize in short sale/foreclosure properties. Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm. If you or someone you know are in a difficult situation with your property consider us. We are Santa Clarita Short Sale Specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS

Check out these numbers. Santa Clarita has an 86% Increase of Closed Escrows from 2007-2008. Santa Clarita is a great community to raise a family. Our valley has great schools, awesome parks & trails with plenty of room for outdoor activity. We also enjoy sending our children to the College of the Canyons which is a highly ranked community college. If your thinking of moving to Southern California, don't overlook Santa Clarita and all it has to offer.

Here are some numbers for you:

November 1, 2007

Total Listings 2,483

Total Escrows 257

November 1, 2008

Total Listings 1,477

Total Escrows 572

164 Closed Escrows in October of 2007

305 Closed Escrows in October of 2008

Increase of Closed Escrows from 2007 to 2008 = 86%

Average List Price - $413,593

Average Sale Price - $404,830

Median Sale Price - $372,000

If your thinking of buying or selling a home in the Santa Clarita Valley, Jennifer and I would like the opportunity to earn your confidence & your business. Please view our website to learn more about us and the knowledge we have to offer. www.riccosellshomes.com You can also search for homes and get a market analysis of your current property by going to http://valenciahomesforsale.listingbook.com/