June 19, 2009: Valencia Real Estate: Homes For Sale Update
Currently, there are 171 Valencia Homes and Condos for sale. As of April 30, 2009, there were 269 homes for sale in Valencia. Therefore the inventory of homes for sale in Valencia has dropped by 36% since April 2009.
This drop in Valencia homes for sale inventory can be attributed to: Attractive Valencia Foreclosure Home pricing, low interest rates, FHA insured loans with reasonable 3.5% down payment requirement, and amazing first-time homebuyer incentives, such as the $8,000 federal tax credit if you purchase a home by December 1, 2009.
Of the 171 homes for sale:
The average Valencia active listing price:
The average Valencia home in escrow listing price:
Valencia Condo or Single Family Home:
CLICK HERE TO VIEW FULL LIST OF ALL VALENCIA HOMES FOR SALE, UPDATED HOURLY!
Call us @ (661) 964-1760 for immediate Santa Clarita Real Estate assistance!
Click here to search the entire Santa Clarita MLS system - UPDATED HOURLY
Tract Directory for Santa Clarita - Over 500 tracts to browse through!
June 16, 2009: Stevenson Ranch Real Estate: Homes In Escrow Update
Currently, there are 64 Stevenson Ranch Homes and Condos in escrow and under contract. In April 2009, 28 Stevenson Ranch homes closed escrow. So far in June 2009, 11 homes have closed escrow.
This many Stevenson Ranch homes in escrow can be attributed to: Attractive Stevenson Ranch Foreclosure Home pricing, low interest rates, FHA insured loans with reasonable 3.5% down payment requirement, and amazing first-time homebuyer incentives, such as the $8,000 federal tax credit if you purchase a home by December 1, 2009.
Of the 64 Stevenon Ranch homes in escrow:
The average Stevenson Ranch home in escrow active listing price:
The average Stevenson Ranch Bank Owned Foreclosure in escrow listing price:
Stevenson Ranch Condo or Single Family Home:
Stevenson Ranch Homes In Escrow Days On Market:
CLICK HERE TO VIEW FULL LIST OF ALL STEVENSON RANCH HOMES FOR SALE, UPDATED HOURLY!
CLICK HERE TO VIEW FULL LIST OF STEVENSON RANCH HOMES & CONDOS UNDER $400K, UPDATED HOURLY!
CLICK HERE TO VIEW FULL LIST OF STEVENSON RANCH HOMES & CONDOS OVER $400K, UPDATED HOURLY!
Call us @ (661) 964-1760 for immediate Santa Clarita Real Estate assistance!
Click here to search the entire Santa Clarita MLS system - UPDATED HOURLY
Tract Directory for Santa Clarita - Over 500 tracts to browse through!
June 16, 2009: Stevenson Ranch Real Estate: Homes For Sale Update
Currently, there are 51 Stevenson Ranch Homes and Condos for sale. As of April 30, 2009, there were 78 homes for sale in Stevenson Ranch. Therefore the inventory of homes for sale in Stevenson Ranch has dropped by 35% since April 2009.
This drop in Stevenson Ranch homes for sale inventory, can be attributed to: Attractive Stevenson RanchForeclosure Home pricing, low interest rates, FHA insured loans with reasonable 3.5% down payment requirement, and amazing first-time homebuyer incentives, such as the $8,000 federal tax credit if you purchase a home by December 1, 2009.
Of the 51 homes for sale:
The average Stevenson Ranch active listing price:
The average Stevenson Ranch home in escrow listing price:
Stevenson Ranch Condo or Single Family Home:
CLICK HERE TO VIEW FULL LIST OF ALL STEVENSON RANCH HOMES FOR SALE, UPDATED HOURLY!
CLICK HERE TO VIEW FULL LIST OF STEVENSON RANCH HOMES & CONDOS UNDER $400K, UPDATED HOURLY!
CLICK HERE TO VIEW FULL LIST OF STEVENSON RANCH HOMES & CONDOS OVER $400K, UPDATED HOURLY!
Call us @ (661) 964-1760 for immediate Santa Clarita Real Estate assistance!
Click here to search the entire Santa Clarita MLS system - UPDATED HOURLY
Tract Directory for Santa Clarita - Over 500 tracts to browse through!
It's amazing watching our Santa Clarita home inventory drop like a rock. Currently there are 921 homes for sale in Santa Clarita as of today.
With days like May 13th and May 14th 2009, it's no wonder we're seeing large drops in the inventory.
Over that 2 day span, there were 24 new home listings in Santa Clarita. That's great, until you consider over that same two day period there were 71 homes that went into escrow and came off the market! WOW! That's almost 200% more homes going into escrow than the amount being listed here in Santa Clarita.
Essentially there is a lot of buyer competition for homes in Santa Clarita that are either regular sales, or bank owned (REO's) homes. Of the 921 homes for sale today, almost half are short sales - meaning, not too salable. Call us to find out why (another subject for another day). So what that means is that only about 500 homes or less, are actually available to be sold quickly. That includes the smallest condos, to the largest estate homes. That leaves little selection. So buyers are all nose diving on the same regular or bank owned sales, and only one is victorious, leaving several disappointed and destined to wait for the next best deal that they "might" have a shot at assuming they don't get beat out in the negotiations again.
To discuss the real estate market in Santa Clarita, and how to be successful with your next purchase or sale, please contact us to do so.
- The Robert & Brian Team @ Realty Executives Valencia
661-964-1760 or www.TheScvAgents.com
What a turn of events! As of today, May 7, 2009, there are only 979 homes for sale in the Santa Clarita Valley! Buyer's market? Not entirely. Now, more than ever, buyers need an extremely good agent, in order to get their offer accepted, when facing competitive bidding situations on one of the Santa Clarita Bank Owned Homes available.
Why does your agent need to be good STELLAR? We are in one of the most sought after Los Angeles County real estate markets - Santa Clarita Valley. Great schools, clean streets, attractive shopping, excellent Industrial Center with high paying jobs, and the air is a tad bit better than they have it "over the hill" in the city of Los Angeles. All just a "few" reasons people still want to live in the Santa Clarita Valley. The demand is high, and there aren't enough "desired" (read: good deals) listings to satisfy that demand, yet.
Buyers are looking for deals. Deals are hitting the market every day - but not enough to appease the appetite of homebuyers, partly induced by low interest rates, 3.5% down FHA loans, and for first-time buyers an $8,000 tax credit. Bank owned deals (majority of them), and the occasional competitively priced regular sale (where an owner has equity in the home still)....are getting multiple offers. Sometimes 2, usually 4-5, sometimes 15-30 if it's priced ridiculously low - as some are. Often times they sell above asking price after all offers and final offers have been finalized. Many homebuyers, especially first timers, are figuring out that, at least in Santa Clarita, when hunting for a "decent" or "great" deal - it's not as easy as they might have imagined. Many of these buyers are getting their 2nd, 3rd, or perhaps 5th home of choice, after several failed offers where they "lost" out to other eager deal hunting buyers.
Getting back to the inventory of homes for sale, as of today there are 979 homes for sale.
Of that amount, 469 are noted as being short sales. This isn't a blog post about short sales, but what this means is that there are REALLY only about 500 salable homes on the market right now in Santa Clarita and its nearby surrounding areas.
To get an idea of how much the inventory has shrunk, and demand for newly low priced homes has increased: In May 2008, there were 1,946 homes for sale, and in May 2007, there were 2,240 homes for sale in the Santa Clarita Valley! That's a 57% decrease in inventory in just 2 years. Despite the onslaught of foreclosure homes hitting the market, over the last year and longer, buyers here in Santa Clarita have been all to happy to make offers and gobble them up.
In today's Santa Clarita real estate market, you need that real estate agent who is on top of new listings/"deals" hourly and can get you in the door first, is tech savvy, has established relationships with agents listing these homes for sale, you need an agent who specializes in Santa Clarita - and only Santa Clarita, and at the very least, you need a full time agent. Don't hire your Uncle Mike's friends sister who just got their license and could use a pity deal to get their feet wet. That could cost you $ by way of poorly conducted negotiations, etc.
To all Santa Clarita homebuyers, good luck out there!
Contact The Robert & Brian Team @ 661-964-1760 to assist in your Santa Clarita real estate transaction. Visit us @ www.TheScvAgents.com.
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The Robert & Brian Team - Providing real estate services to the entire Santa Clarita Valley, and it's various areas. Robert & Brian are each 30+ year Santa Clarita native residents.
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