A prepared Santa Clarita home buyer will be more successful than one who is not
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A prepared Santa Clarita home buyer will be more successful than one who is not
Connor with Honor at SantaClaritaOpenHouses(com) - July 29, 2024** Tags: [real estate](/-/Blog/tag/real estate), [santa clarita](/-/Blog/tag/santa clarita), realtors, realty, [connor with honor](/-/Blog/tag/connor with honor) ** 0 Comments | Add Comment
Santa Clarita Real Estate Market Update - July 29, 2024
Good morning Santa Clarita, this is Connor MacIvor, Connor with Honor, bringing you the latest real estate updates from SantaClaritaOpenHouses.com. Today, we’ll dive into the current market activity, trends, and what it all means for buyers and sellers.
Market Overview
As of this morning, we have a total of 474 active listings on the market for sale across the Santa Clarita Valley. Here’s a detailed breakdown of the past week’s activity:
Key Market Insights
Price Reductions
The significant number of price reductions (76) suggests sellers are adjusting expectations to align with current market conditions. Despite these reductions, it’s important to note that this trend may not continue if interest rates stabilize or decrease.
Interest Rates and Market Dynamics
Should interest rates drop, we could see a resurgence of the market conditions from 2020-2022, where properties often sold above asking price, and buyers had to make significant concessions, such as waiving appraisals and inspections.
California Real Estate Contracts
Upcoming changes to the California real estate contracts, influenced by recent lawsuits, will affect commission structures. Sellers will now have more flexibility in deciding how much to pay their agents, while buyers may negotiate with sellers for agent commissions.
Current Listings Highlights
Here are some notable properties currently on the market:
Noteworthy Market Trends
Expert Advice for Buyers and Sellers
For Buyers
In a market with fluctuating interest rates and competitive listings, it’s crucial to:
For Sellers
If you’re considering selling, keep these points in mind:
For more detailed information and to stay updated with the latest market trends, visit SantaClaritaOpenHouses.com/blog. I regularly post insights and updates to help you navigate the Santa Clarita real estate landscape.
Thank you for joining me today. We’ll be back tomorrow with more updates. Have a fantastic week, and remember, the best way to approach the market is with the best advice you can get. Be well and stay informed.
Connor MacIvor, over and out.
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