Talk about a Roller coaster - with more Downs than Ups.
I have attached the research that I put together regarding the Santa Clarita Valley Real Estate Market from July of 2007 to July of 2009.
This will give you a Better than Average Grasp of the Local Real Estate Market and shows what the Buyers and Sellers are experiencing first hand.
I can do this Research for any city in Southern California - Just because we are HQ'd in the Santa Clarita Valley does not make us any less "the expert" in the other cities within Southern California - Just email me and I will put together the Real Estate Market Research for other areas as well. remax@paris911.com
This report was conducted on Castaic, Canyon Country, Newhall, Stevenson Ranch, Saugus and Valencia.
This has been one roller coaster - You can see by the data that we are lacking inventory and we have a upserge related to homes in escrow - but if you look from July of 2007 to March of 2008 - the bottom of the market was quite apparent.
Where are we now. With 17 new listings on the market for sale in the Santa Clarita Valley, three of which were REO's and 7 were in short sale configuration.
The rest of those homes that were listed were Regular Sales. Which is difficult in this depressed Real Estate Market. But a good indication that homeowners have been in their homes for quite some time or put a huge amount of money as a down payment.
Active listings in the Santa Clarita Valley totaled 635. This includes the cities of Acton, Agua Dulce, Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia.
The average Days on Market toppled 107 - this is an indication of the short sales that are on the market for sale and the fact that they take so long to close. But Closing is the hard part - getting the banks on board and the different loans, the second and possibly third loans to agree - that is super tricky (industry term).
From Active to Pending Status (back up still shows active on most inquires) 14 properties went into escrow as Pending.
Total properties that are in escrow in the cities that compose the Santa Clarita Valley are 1052.
Where are we - we are waiting for more REO's Foreclosures Bank Owned etc.. to be released by the banks. It would be about the time that the 90 day hold has expired from the California state Governor. Therefore, after those REO files start to move from the Loss Mitigation departments back to the asset managers for assignment - we should start getting fresh Listings for our Buyers.
We are the Paris911 Team and we would love to interview to be your agents. Call us today for an appointment so you can meet our team and see how we operate and why that is your best advantage when it comes to buying and selling Real Estate.
We Search for you - just give us what you are looking for at our More Than Foreclosures Website.
We have this resource and it is cutting edge. Offered by Smarter Agent, I was the first to bring it to you for the Santa Clarita and the Southern California Region.
All you have to do is Text "scv" to 87778.
On an iPod, Cellular Phone, iPhone, PDA or other mobile device - try it, you will get texted back the download link to this Real Estate NOW search tool.
If you are seeing a real estate sign on a home, check out our portal - you will find it and know how much it is priced at and see extra pictures and other valuable and necessary information.
We have been working on the development of a Great Real Estate Coaching Resource and are setting appiontments and interest lists.
Based on a Relational Business Model - we are not the Typical. The Difference between a Bad and a Good Real Estate agent is that the Bad one is looking to the next paycheck, the Good Real Estate Agent is looking to the next Client for Life.
Have a look at the first steps in the "becoming a Great Realtor" at our iBlog911 site.
Crystal Ball - I don't have one - but with the pure numbers of properties that have been on hold since the implementation of the TARP Plan and the Additional 90 day hold placed by the California Govenor - They have not completely gone away for our state.
In fact, a majority of them have been looming. Going No Where - but sitting vacant awaiting the hold to complete.
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CONNOR with HONOR - RE/MAX of Valencia and Santa Clarita - Paris911. Connor MacIVOR and Paris MacIVOR working in the field of Relational Real Estate - Buyer and Seller Representation with a 911 Code.
We know how you approach things
You want the facts laid out clearly without hype, slick presentations, sleight-of-hand or other kinds of games. This is exactly the way we operate. We help you analyze your needs and requirements, then we show you only the properties that will fit those needs. We aren't out to push properties on you that we'd like to sell. We know from personal experience what you do, the sacrifices you make and your value to the community, so our services are designed as a hats-off to the contribution you're making every day.
We know you're concerned about safety
So are we. Our law enforcement background has given us a heightened sense of urgency about the your safety in buying or selling a home. We make sure, for example, that none of your valuables are showing in marketing photos of your home. We're especially vigilant at open houses. And we always download the complete electronic record of every agent who has shown your home so you know exactly who's been in your home and when.
We know what you're looking for in a transaction
You want expertise--no runaround, no excuses. Paris and Connor work as a team and handle your entire transaction personally, and they stay on top of every step of the transaction, making sure everything goes smoothly and gets done on time. We consider it our mission to protect and serve your interest during the entire length of your real estate transaction... and even beyond. We've been known to still be providing support to home buyers months after a sale has been completed.
We can point you to resources reserved for those who choose to be represented by us:
We lay the ground work and foundation for the business we have formed since the mid 1990's around the protection of your interests. Therefore, we watch each and every aspect of the transaction and make sure that you don't get hung out to dry. Either by the buyer, seller, other agent, escrow, title, lender, or one of the other players in the game. We have built out business on a cornerstone of trust and honesty and a Relational approach to our business. We are not going to ever view our business transaction-ally!
Real Estate Owned - We Operate in the Foreclosure Realm
We have been blessed to have some of the Largest Foreclosure Banks choose us to Represent them in the sales of their assets. Asset Managers of Many different financial institutions call us on a daily basis and compare our services with that of others in our industry. The most impressive thing to the Asset Managers is the ease of Communication by Paris911. We also work with the Paperless product when it comes to communication of offers, addenda, and financial documents. We work with Adobe 9.0 and always have remote access to our business computers by Go To My PC. So no matter where we are we are notified of any pending orders or what needs to be completed as next steps with regard to Foreclosures and Bank Owned Properties.
We worked for our fair share of companies wanting what was best for our clients and us. Some of the companies had great training programs, some of them took less of our commissions but with that gave us less in the area of assistance and training too.
After a few years in the business we were actively looking for an office that fit us. A no-nonsense approach to the securing of real property. A company that would stand beside us side by side and hand in hand to make us the best and most professional realtors that we are capable of being. A company with agents that have ethics similar to our own. And most importantly a company that holds "you" the client in extremely high regard.
Enter RE/MAX. This was the ticket, it was a place that was absolutely professional, and extremely well thought out. There was planning of this great company that is paralleled by no other. The leaders in the industry were all housed in the shadow of the great red, white and blue balloon. This was it, we had arrived. This organization was big enough to give us and our clients the power of unlimited protection, but small enough to know and care about even our smallest concerns.
What I appreciate even more than the above statement about protection and them caring about our concerns is their policy about "discount" advertising. There are a lot of companies in the market that advertise about "pay lower commissions", "money back at closing", "TV when signing", "Free search for homes in a Limo", "all you can eat buffet after seeing 5 homes (ok, I haven't seen the last one, but it is kind of funny)."
Here is the deal. RE/MAX knows it agents are independent sales people, they work on their own with a huge amount of latitude. They also know that they can line up their agents side by side with others in the industry and RE/MAX agents will always stand out. Having said that, RE/MAX also knows that when you choose an agent price is no object when you are getting a well seasoned, honest, and disciplined agent. Furthermore, I kind of appreciate their idea of not wanting to make "real-estate" appear cheap.
Welcome to our Full-Service Real Estate Solution.
"Paris and I are only interested in giving you the very best Real Estate Consultation Procurement and Listing Services possible."
We had our start in the business when we were purchasing our first "Special Program" home for Police Officers. Little did we know that "Special" was going to be our catalyist to becoming Realtors. Realtors that would have a different approach to our clients needs and desires.
First off, it was almost impossible to speak with our agent after we opened escrow. In addition, this was about the time when a local builder was breaking ground on a massive development of new housing. We learned from our past experience, we want to be able to contact those we work with within moments. We answer our voice mail's, telephone calls, and e-mail messages promptly. We also want clients for life. We discovered the reason that our agent did not want to show us those "new" homes is that they did not cooperate with agents in giving them a commission when bringing the buyer.
This is not the way in which we operate in developing our clients for life. The reason this matters is that we do not hide or not include properties from you seeing them based on whether we get more of a commission, or any commission at all. We want you to use us to sell it when you are ready to move. So our eye is on the end, not the present. We want your children to use us to buy their first, second, and third homes... NOT TO MENTION EVERYONE YOU KNOW! - "Now that is powerful stuff!"
Secondly, there were things that we should have disclosed to us about the contracts we were signing. The agent did not know the contracts line by line. Nor was the agent able to answer all of our questions regarding different parts of the contract. The aggogance that was displayed when I started to read the contract, the contract that would bear my signature, the agent told me that everything was fine and just to sign, that was just terrible.
We explain the contracts line by line, we do not rush any part of the transaction. We understand that you have the right to have the time to make your own decisions and not to be rushed.
By these two examples of how we were treated made us come up with a concept that was not being produced in the Real Estate Industry.
Paris911 was born, our concept was simple, treat our clients as friends and family. Treat those that choose us with the respect that they diserve and honor their decision. Never to rush anyone when it comes to decisions being made in regard to Real Estate. Always watch out, for our clients, during each part of the transaction. Watch the fees being charged by all those involved, escrow, title, lender, home inspection, termite inspection, and all the others. Sitting down with the client during the signing of escrow and lender paperwork. Making sure the numbers match and there are no hidden fee's invloved.
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