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Santa Clarita Real Estate Market Report-July 2013

Posted on: August 2nd, 2013 by Lauren Nemeschansky 11,938 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!

The Santa Clarita real estate market is red hot

Posted on: July 14th, 2013 by Lauren Nemeschansky 11,203 Comments

Santa Clarita real estate market

Santa Clarita red hot real estate marketThe Santa Clarita real estate market is red hot and is at last on the track to revival following many years of decreasing home prices. Santa Clarita home prices have climbed by 18 % during the last six months. The average sale price has increased from $347,174 in December of 2012 to $410,034 in June of 2013. This has been propelled by reasonably priced homes and historically low mortgage rates, drop in foreclosures and lowered unemployment each of which has assisted both the sale of new homes along with sale of previously owned homes. Several of the buyers that have hesitated to buy when prices were decreasing have made a decision to jump into the market
Santa Clarita home prices

Santa Clarita housing market improving

A growing number of experts are acknowledging stronger, a lot more favorable reports on the Santa Clarita housing market, which is excellent news for long-suffering Santa Clarita residents, who at long last see some increase in home values after five years of decline and degeneration in the real estate market.

Competitive real estate market in Santa Clarita

The present market conditions for home sales in Santa Clarita with increasing home loan rates, restricted supply and decreasing unemployment have actually driven an increasing number of buyers into an extremely competitive real estate market.Long gone are the days when you could show a Santa Clarita home buyer houses in the course of a weekend and be assured a sale. Smaller sized inventory has actually added to the increase of house prices. As there are less houses offered, home sellers can ask more. In Santa Clarita real estate market, bidding wars have come back.

Santa Clarita MLS numbers

All-new numbers from the MLS indicate that the number of new listing during June surged 100 percent from December of 2012 as more home seller are putting their home up for sale.
New listings in  Santa Clarita
The inventory however remains still very low. Currently the inventory in Santa Clarita is a 2 months inventory. In a healthy and balanced real estate market it is about 6 months inventory. Interest is way up and inventory is low. That suggests home buyers are all contending to bid on the couple of homes that are on the marketplace. A few of home buyers offer on residential properties without actually viewing them. In the most Santa Clarita neighborhoods, sellers are regularly getting multiple offers over the asking price.

New home construction is back in Santa Clarita

It is at the same time insightful to observe that when the economic downturn hit, single-family housing construction stopped. Today in Santa Clarita you can identify a number of construction sites of new units. With some luck this will relieve some of the pressure of finding homes in Santa Clarita.

Interest rates and the real estate market

Home loan rates have gone up in current weeks, however the rises aren’t anticipated to alter much the hot real estate market in Santa Clarita It will most likely drive the market even further, as buyers move rapidly to lock in mortgages prior to rates increase much more.


Article: The Santa Clarita real estate market is red hot
Author: Lauren Nemeschansky : Following me on Google plus
Source: Santa Clarita Real Estate Agent

The Santa Clarita real estate market is red hot

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!

Selling a Santa Clarita home in a increasing real estate market

Posted on: July 9th, 2013 by Lauren Nemeschansky 10,251 Comments

Selling homes in Santa Clarita

Rising  Santa Clarita real Estate Market

Selling a Santa Clarita home can be confusing in an increasing Santa Clarita real estate market. Santa Clarita home prices are increasing. Home sales are up for standard sales as compared with most sales being short sales or pre-foreclosures only a few months ago.

Santa Clarita home sales are becoming a sellers’ market

Home sales in Santa Clarita has turned quickly to become a sellers’ market. Only a short time ago it was a buyers market. There were many homes waiting to be sold and not enough home buyers. Now we have many home buyers trying to buy homes but not enough homes to sell. There is a limited inventory of homes in Santa Clarita and so a seller can get top dollar if they know what to do.

The market is increasing making selling a home in Santa Clarita good timing

Timing is important when it comes to selling a home. Now that home prices are rising it may be a good time to sell a home. Interest rates are still low but they are climbing up slowly. We don’t know what effect rising interest rates may have on home prices. Hopefully, for Santa Clarita home sellers the prices will continue to rise. However with rising interest rates the increase in Santa Clarita home prices may be temporary.

Santa Clarita home sellers learn to increase those bids

Santa Clarita home sellers can increase bids by exposing their homes to more buyers. Homes listed for sale in Santa Clarita should be marketed to many buyers. The more buyers that see the home the more offers you will receive. You should have as many online home photos as possible. A seller should allow buyers to view their Santa Clarita homes for sale. A lockbox should be used so that people can tour your Santa Clarita home in person while you are away. If you expose your home to more buyers then you will receive more offers. When you receive multiple offers on your home the buyers will often compete with higher bids to buy your Santa Clarita home. When the home buyers and their Realtors realize that there are many multiple offers on your home for sale they will usually increase their offer price. The price of the offers often increase based on the amount of offers received.


Article: Selling a Santa Clarita home in a increasing real estate market
Author: Lauren Nemeschansky : Following me on Google plus
Source: Santa Clarita Real Estate Agent

Selling a Santa Clarita home in a increasing real estate market

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!