Valencia real estate market report

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, house renovators are also a good option if you want to sell your home, they buy it as soon as they see it on the market so they can renew it and sell it fast and at a better price.

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.

About Lauren Nemeschansky

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!