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2015.005

Santa Clarita real estate news

January 05, 2015

Here are the stories we are covering today.

Market Update Mondays - Where is the local real estate market this week?

In the Santa Clarita Valley Cities we have had a total of 63 new real estate listings in the past 7 days hit the local for sale market.

20 real estate listings experienced price changes - some went up and some went down. You can tune into our Friday Finale Broadcast to see how those properties stacked up against the past reductions/increases.

Santa Clarita real estate and housing market reports 01.05.2015

22 real estate listings fell out of escrow within the Santa Clarita Valley Cities - this definitely is hard for the current real estate sellers. They had hoped that their real estate listing was going to sell, only to have the buyers back out and their agent have to active their listing once again.

As far as properties entering the escrow process with accepted offers and signed off contracts - My Team is currently tracking 30 of those. The Back UP position is easily explained in much more detail at this link.

Those homes, condos and town homes that did not sell within contractual timeframes were 39 in number. Again, the real estate sellers lose hope in the agent they had hired in the first place. This creates friction between the sellers of the homes that did not sell and the next agent up to bat. We have built an expired resource online for sellers of Santa Clarita real estate.

Here is a taste of the Valencia CA real estate market for Single Family Homes this week: 

  • We are currently monitoring the median listing price this week in Valencia CA at $559,500. This is showing a flat price trend for asking price per square foot in Valencia as well - $257.00'.

  • The average Days on Market for Valencia CA is lowering - it's not taking as long to sell Valencia CA real estate (single family home) variety. We are also monitoring that 33% of the real estate listings in Valencia CA have had their price decreased at some point within the listing/sales cycle.

  • As mentioned - the Expired real estate listings - we see that only 5% get re listed and put up for sale again a second time around. That is an interesting trait. Does that mean the sellers were so disheartened with their first go around they decided not to sell? Maybe they were over promised by their real estate agent about what their home would be able to sell for? - Food for Thought!

Current Real Estate Listings:

Currently there are a total of 530 active real estate listings throughout the Santa Clarita Valley Cities.

If you are seeing more than this number being reported, you are being lied to!

We have many of our clients email us, text us and call us about real estate listings that they have found online. After we recon them, we find they are not for sale. They are being used as a lead generation mechanism by the real estate syndication websites. Be careful what you give up. Something you may want to consider, something we spoke about on one of our past real estate radio shows, is getting a fake email address for only searching for real estate listings.

Especially if you are going to do so off of a Paris911.com System. Our's is fed directly on the multiple listing service. There is no middle "person" between you and the actual/live real estate listings that are on the market for sale in the Southern California Cities.

My Santa Clarita real estate team is monitoring 711 total real estate listings that are in the active/back up status.  

That equates out to 181 real estate listings that are being advertised as wanting to continue with viewings and have other "back up" offers written on them. Don't get too excited. It has been my experience that over 75% of listings that are in "back up" position are there because their listing agent wants to continue with the lead generation. The sellers have no intension of continuing the showings on their homes at this point. Make sure your Realtor calls and runs the interference for you.

Loans and Lending this week:

We will be speaking about two new loan programs that have come about recently. They are both 3% down loans that are being offered by Fannie and Freddie. That is .5% less than the FHA lending down payment amount. The credit required to obtain one of these loans may be a bit more strict than FHA. However, you maybe able to finance condos/townhomes that are not FHA approved with this new loan program. Tune in after 1200pst on this Thursday for our Truth in Lending Broadcast. 

 

Search for all Santa Clarita Cities Real Estate by Topic:
Foreclosures, Short Sales, REO, Bank Owned, Auctions, Discounted real estate, HUD homes at 50% off, "Just Reduced Homes", how much to offer and much more.
Just type what you want into our Google Custom Santa Clarita Cities Search here!
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Paris & Connor MacIVOR Paris911 with RE/MAX of Santa Clarita
Paris MacIVOR: 661-400-1720 DRE License # 01256647
Connor MacIVOR: 661.284.5429 DRE License # 01238257
Fax: 888-484-7748
Two Locations To Protect and Serve Your Real Estate Needs:
RE/MAX of Santa Clarita
Paris 911 & Associates

25129 The Old Road, Suite 114
Santa Clarita, CA 91381
RE/MAX of Valencia
Paris 911 & Associates

27720 Dickason Avenue
Valencia, CA 91355
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