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Archive for August, 2013

Valencia real estate market report-July update

Posted on: August 5th, 2013 by Lauren Nemeschansky 11,783 Comments

Valencia real estate market report

Valencia market update Valencia real estate market report is the latest feature within my blogging site. Each and every month I will bring you statics about the real estate market in Valencia. This is beneficial for you no matter if you are buying a house in Valencia or whether you are selling a home in Valencia or you just want to find out the value of your property and follow the trends in the real estate market in Valencia. To sum up this months pulse of the real estate in Valencia: homes for sale in Valencia do not remain very long on the market.

July real estate market trends in Valenica

In the Valencia the residence sales prices for already existing homes sales continue to be strong. Lots of home sellers are wondering precisely how the surge in the lending rates are going to effect the Valencia real estate market. There was no downturn in the amount of single family homes sold in July compared with the prior two months. It is premature to tell what effect the rise in interest rates may have on the real estate market in Valencia. The good news is that measured up to last year home sales in Valencia and home prices are up. The home prices in Valencia are up by 12% from last year and the number of home sales in Valencia are up by 37 %.

More homes for sale in Valencia

Currently more sellers are adding their homes for sale in Valencia compared to in 2012. This will certainly assist the apparently low supply of houses for sale. The current inventory is still at a miniscule two months inventory. In a healthy and balanced real estate market one assumes to have a six months supply.

Good news in Valencia real estate market

The excellent news with regard to Valencia homeowners is that if you are thinking of selling Valencia home is that the home does not stay very long on the market: 35 days in July versus 27 in June and in July 2012 the number was 66. It is evident that the real estate market in Valencia is a sellers market.

Distressed properties in Valencia

The quantity of distressed properties have decrease since December of 2012. Presently distressed properties in Valencia market stand for 19 % of the totality of homes sold. Total homes sold in Valenica in July 2013 was 111 of which 17 were short sales and 4 were bank owned homes. A year ago in July 2012 74 Valencia houses were sold of which 32 were short sale and 9 were bank owned. This converts to 55 % of the homes sold in Valencia were distressed properties in July 2012.

Many real estate market experts agree that the principles for the future of new homes sales in Valencia are simply very sound.

July Valencia real estate statistics

Valencia real estate market by numbers. Last three months

Single family homes in Valencia:

I will first give you the statistic of single family homes in Valencia.
Active Listings:
May: 122 June: 1379 July: 130

Median Days to sell;
May: 28 June: 27 July: 35

Median List price;
May: $487,450 June: $479,900 July: $514,475

Median sales price;
May: $450,000 June: $460,500 July: $452,500

Number of new listings;
May: 86 June: 95 July: 88

Number of sales;
May: 71 June: 65 July: 73

Condominiums and townhomes in Valencia:

Here are the statics for condominiums and townhomes in Valencia:
Active Listings:
May: 61 June: 64 July: 58

Median Days to sell;
May: 39 June: 35 July: 34

Median List price;
May: $300,000 June: $307,500 July: 314,960

Median sales price;
May: $272,500 June: 290,000 July: 330,000

Number of new listings;
May: 39 June: 42 July: 47

Number of sales;
May: 34 June: 29 July: 38

All of the data in this post is based on the information obtained from the SoCal MLS.

Santa Clarita market update is also available.


Article: Valencia real estate market report-July update
Author: Lauren Nemeschansky : Following me on Google plus
Source: Santa Clarita Real Estate Agent

Valencia real estate market report-July update

I am a local real estate agent here in Santa Clarita, a suburb of Los Angeles. I love to write about real estate buying and selling and address some difficult issues such as divorce and real estate, short sales, probate and relocation. I use the power of the internet and my blog to educate because in real estate “knowledge is power.” I will also enjoy some guest bloggers who are experts in their fields such as mortgage lenders, attorneys, and credit repair experts. Don’t forget to follow me on google+ and connect with social media sites!

Santa Clarita Real Estate Market Report-July 2013

Posted on: August 2nd, 2013 by Lauren Nemeschansky 11,937 Comments

Santa Clarita real estate market report -July update

Santa Clarita market update
Santa Clarita real estate market report is a new feature on my blog. Each month I will bring you statics about the real estate market in Santa Clarita. This is useful for you whether you are buying a house in Santa Clarita or whether you are selling a home in Santa Clarita or you just want to know the value of your home and follow the trends in the real estate market in Santa Clarita. To summarize this months pulse of the real estate in Santa Clarita: homes for sale in Santa Clarita do not stay very long on the market.

July real estate market trends in Santa Clarita

In the Santa Clarita Valley the home prices for existing homes sales remain solid.
Many home sellers are wondering how the rise in the interest rates will effect the Santa Clarita real estate market. There was no decline in the number of single family homes sold in July compared with the previous two months. It is too soon to tell what effect the rise in interest rates will have on the real estate market in Santa Clarita. The good news is that compared to last year home sales in Santa Clarita and home prices are up.The home prices in Santa Clarita are up by 23% from last year and the number of home sales in Santa Clarita are up by 5%.

More homes for sale in Santa Clarita

Today more sellers are putting their homes for sale in Santa Clarita than last year. This will help ease the apparently low supply of homes for sale. The current inventory is still at a dismal two months inventory. In a healthy real estate market one expects have a six months inventory.

Good news in Santa Clarita real estate market

The good news for Santa Clarita homeowners is that if you are thinking of selling Santa Clarita home is that the home does not stay very long on the market : 32 days in July versus 43 in June and in July 2012 the number was 63. It is clear that the real estate market in Santa Clarita is a sellers market.

Distressed properties in Santa Clarita

The number of distressed properties have declined since December of 2012. Currently distressed properties in Santa Clarita market represent 25% of the number of homes sold. Total homes sold in Santa Clarita in July 2013 was 327 of which 67 were short sales and 13 were bank owned properties. A year ago in July 2012 307 Santa Clarita homes were sold of which 131 were short sale and 58 were bank owned. This translates to 62% of the homes sold in Santa Clarita were distressed properties in July 2012.

Most real estate market experts agree that the fundamentals for the future of new homes sales in Santa Clarita are very strong.

July Santa Clarita real estate statistics

Santa Clarita real estate market by numbers. Last three months

Single family homes in Santa Clarita:

I will first give you the statistic of single family homes in Santa Clarita.
Active Listings:
May: 504 June: 499 July: 447

Median Days to sell;
May: 36 June: 43 July: 32

Median List price;
May: $450,000 June: 477,500 July: 449,000

Median sales price;
May: $430,000 June: 452,500 July: 430,000

Number of new listings;
May: 300 June: 290 July: 301

Number of sales;
May: 241 June: 232 July: 239

Condominiums and townhomes in Santa Clarita:

Here are the statics for condominiums and townhomes in Santa Clarita:
Active Listings:
May: 165 June: 192 July: 186

Median Days to sell;
May: 26 June: 22 July: 32

Median List price;
May: $263,500 June: 259,500 July: 264,500

Median sales price;
May: $227,500 June: 231,000 July: 260,000

Number of new listings;
May: 110 June: 136 July: 133

Number of sales;
May: 90 June: 85 July: 92

All of the data in this post is based on the information obtained from the SoCal MLS.


Article: Santa Clarita Real Estate Market Report-July 2013
Author: Lauren Nemeschansky : Following me on Google plus
Source: Santa Clarita Real Estate Agent

Santa Clarita Real Estate Market Report-July 2013

I am a local real estate agent here in Santa Clarita, a suburb of Los Angeles. I love to write about real estate buying and selling and address some difficult issues such as divorce and real estate, short sales, probate and relocation. I use the power of the internet and my blog to educate because in real estate “knowledge is power.” I will also enjoy some guest bloggers who are experts in their fields such as mortgage lenders, attorneys, and credit repair experts. Don’t forget to follow me on google+ and connect with social media sites!