Foreclosures and short sales will the next bottom be close to the last
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Foreclosures and short sales will the next bottom be close to the last
Connor “with Honor” MacIvor - October 9, 2024** Tags: [santa clarita real estate](/-/Blog/tag/santa clarita real estate), [homes for sale](/-/Blog/tag/homes for sale), [santa clarita open houses](/-/Blog/tag/santa clarita open houses) ** 0 Comments | Add Comment
Santa Clarita Valley Real Estate Market Update – September 2024: What Buyers and Sellers Need to Know
Welcome to our in-depth look at the Santa Clarita Valley real estate market for September 2024. Whether you’re a potential buyer, seller, or just keeping an eye on market trends, this update provides valuable insights into the current state of the SCV housing market. Let’s break down the numbers, key trends, and what they mean for you!
Residential Active Inventory: Steady Supply with Price Adjustments
As of this month, the Santa Clarita Valley residential market features 650 active listings, offering a balanced selection for buyers. This inventory reflects a market where homes are staying on the market for an average of 55 days, giving buyers a bit more breathing room compared to the ultra-competitive market we’ve seen in previous years.
Pending and Closed Sales: Steady Demand Despite Market Shifts
While the active inventory remains steady, the pending and closed sales data gives us a clearer picture of how buyers are responding to market conditions.
Market Trends and What They Mean for Buyers and Sellers
The Santa Clarita Valley housing market remains healthy and balanced, but there are several key trends to watch, whether you’re buying or selling.
For Buyers:
For Sellers:
Other Key Market Stats: September 2024
Here are a few additional figures to keep in mind when considering the SCV real estate market this month:
Final Thoughts: Navigating the Santa Clarita Valley Market
The Santa Clarita Valley real estate market in September 2024 is active, with both buyers and sellers continuing to engage despite the shifting dynamics. Whether you’re a buyer looking for the right deal or a seller hoping to maximize your home’s value, staying informed on market trends and working with an experienced real estate agent is essential.
If you’re ready to explore your options in this market, I’m here to help you navigate the process. Feel free to reach out for personalized advice, whether you’re buying, selling, or just looking for insights into the SCV real estate landscape.
Stay tuned for more updates, and be sure to follow me, Connor with Honor, for all the latest market trends, tips, and Santa Clarita Valley real estate insights!
Santa Clarita Valley Real Estate Market Watch – September 2024
Welcome to today’s Santa Clarita Valley Real Estate Market Watch for September 2024! Let’s dive into the most recent activity shaping our local market. Whether you’re a potential buyer, seller, or just curious about the state of real estate, this detailed breakdown will help you understand what’s going on in the Santa Clarita Valley.
Coming Soon Listings
Currently, 14 properties are set to hit the market in the next 21 days. Whether it’s tomorrow or three weeks from now depends on each seller’s strategy. If you’re actively looking to buy, keeping an eye on these upcoming listings is crucial. The best way to do this is to team up with a local agent who can set up a search for you. This ensures you’ll be alerted as soon as these listings are live.
New Listings
In the last week, 84 new homes were listed for sale. These fresh listings offer buyers more variety and options to choose from. Whether you’re looking for a starter home, a luxury property, or something in between, there’s a wide range of homes hitting the market right now.
Price Changes
There have been 62 price adjustments over the past seven days. This typically indicates that sellers are either eager to attract offers or adjusting their expectations based on current market conditions. For buyers, this can be an excellent opportunity to find a deal or negotiate a better price.
Back on Market
23 homes that were previously under contract have returned to the market. This happens for various reasons, such as financing falling through or inspection issues. If you missed out on a home earlier, this category offers you a second chance to make a move on a property.
Active Under Contract
There are 33 properties currently in the final stages before closing, further highlighting the high demand for well-priced homes. Homes in this category have accepted offers and are on the path to closing escrow.
Pending Sales
Currently, 48 homes are in escrow, showing that the market remains active with serious buyers. These pending transactions are strong indicators that demand is still robust, despite any shifts we’ve seen in the broader market.
Closed Sales
In the last seven days, 57 homes have successfully closed escrow. These properties are now officially sold, and the buyers are settling into their new homes. This steady stream of closed sales highlights the ongoing movement in the Santa Clarita real estate market.
Expired and Canceled Listings
There were 7 expired listings in the last week. These homes were removed from the market after not selling within the listing period. Additionally, 12 listings were canceled, meaning the sellers decided to pull their homes off the market. This could indicate a shift in their plans or a reconsideration of their selling strategy.
Hold Listings
11 properties were placed on hold, meaning they are temporarily off the market but may be re-listed soon. Sellers may be making improvements, waiting for better market conditions, or simply taking a break from the process.
No Withdrawn Listings
It’s worth noting that no listings were fully withdrawn from the market this week, meaning there haven’t been any homes taken off the market permanently.
What This Means for Buyers and Sellers
For Buyers:
The market remains competitive, but there are still opportunities to find the right home. Pay close attention to the Back on Market and Price Change categories, as these homes may offer some flexibility when it comes to negotiations. Sellers who have recently adjusted their prices or had deals fall through may be more open to working with buyers.
Additionally, with the 14 Coming Soon listings, there will be fresh inventory available soon, so staying in close contact with your agent can give you an edge.
For Sellers:
Demand continues to be strong, but it’s important to ensure your home is priced correctly from the start. Homes that are priced competitively are moving quickly, as we can see from the high number of homes going under contract and the relatively short days on market for closed sales. If you price too high initially, you may end up needing a price reduction, which could mean your home sits on the market longer than necessary.
Open Houses: The Insider’s Guide
For those of you planning to check out open houses this weekend, we’ve got 59 scheduled in Santa Clarita. That number is fluid and could change as some homes accept offers and are removed from the open house schedule. You can always check for updates on my website, SantaClaritaOpenHouses.com.
If you prefer to keep things low-key when attending open houses, remember this tip: you can inform the listing agent that you’re already represented by a buyer’s agent. This will typically allow you to tour the home without being bombarded by questions or a sales pitch. However, don’t hesitate to ask about important aspects like the condition of the plumbing, roof, electrical systems, or HVAC. These are critical factors to consider when evaluating a potential home.
Delayed Gratification: A Real Estate Perspective
Buying real estate is a long-term investment. The concept of delayed gratification plays a significant role here. For buyers, especially first-time homeowners, the real rewards of homeownership—whether it’s equity growth, tax advantages, or just having a place to call your own—often don’t materialize until years down the road.
If you take care of your property, keep up with mortgage payments, and occasionally invest in improvements, you could see substantial appreciation over time. It’s not uncommon for homeowners who purchased in their 20s or 30s to see their property values double or even triple after 10-15 years. This creates leverage for future investments or retirement.
However, you need to be patient. Real estate doesn’t offer the fast returns that riskier investments do. But if you play the long game, the rewards can be significant.
A Look Back at the Market Cycles
It’s always helpful to look at history to understand where the market might be headed. Back in 2007, the housing market collapsed due to the subprime mortgage crisis, which led to a significant downturn in home values. But by late 2011 and early 2012, the market hit bottom, and since then, we’ve seen consistent growth.
Today, prices are higher than ever before, and while it’s impossible to predict when the next cycle will shift, we know that real estate remains one of the most stable long-term investments. Waiting for the perfect market conditions to buy could mean missing out on years of appreciation. Instead, focus on purchasing within your means and preparing for the long-term.
That wraps up today’s Santa Clarita Valley Market Watch for September 2024. Whether you’re thinking of buying or selling, I’m here to help you navigate this ever-changing market. If you have questions, need advice, or want a more personalized market report, feel free to reach out.
Be sure to check SantaClaritaOpenHouses.com for the latest updates on open houses, new listings, and market trends.
I’m Connor with Honor, your trusted real estate advisor. See you next time!
Podcast Title:
“Santa Clarita Real Estate: 62 Price Drops & 23 Homes Back on Market – Your Next Move?”
Podcast Description:
In today’s episode, we take a deep dive into the Santa Clarita Valley real estate market for September 2024. This week, we saw 62 price changes and 23 homes returning to the market, creating fresh opportunities for buyers. If you’re looking to buy or sell, this episode will provide key insights into the current market landscape.
Here’s what you’ll discover:
We’ll also discuss how expired, canceled, and hold listings might impact your buying or selling strategy in the near future.
If you’re navigating this competitive real estate market, tune in for the latest data and trends to help you make informed decisions. For more information on foreclosure and short sale opportunities, visit www.santaclaritaopenhouses.com/foreclosures-and-short-sales-will-the-next-bottom-be-close-to-the-last.
Don’t miss out – listen now and get the edge you need!
YouTube Title:
“Santa Clarita Real Estate Update: 62 Price Changes & 23 Homes Back on the Market – What’s Next?”
YouTube Description:
Welcome to your Santa Clarita Valley Real Estate Update for September 2024! In this video, we break down the latest shifts in the market, including 62 price adjustments and 23 homes returning to the market, providing valuable opportunities for both buyers and sellers.
Here’s what you’ll learn in today’s update:
For more details on foreclosures and short sales, visit www.santaclaritaopenhouses.com/foreclosures-and-short-sales-will-the-next-bottom-be-close-to-the-last.
Also, check out our latest podcast episode for an even deeper dive into the real estate market trends: https://www.buzzsprout.com/298109/episodes/15898336.
If you’re looking to buy or sell in Santa Clarita, now is the time to stay informed and act strategically. Don’t forget to like, subscribe, and hit the notification bell to stay up-to-date with the latest real estate news!
YouTube Description:
Welcome to your Santa Clarita Real Estate Market Watch for September 2024! In this video, we provide a detailed breakdown of the closing figures for the Santa Clarita Valley market. As a first responder turned realtor, my focus has always been on protecting and serving, both in law enforcement and now as your trusted real estate professional. Whether you’re buying or selling, this month’s figures give critical insights into where the market is headed.
Here’s what you’ll learn in this video:
As always, I’m here to protect your interests, just as I did for years in law enforcement. I offer the same vigilance and dedication to real estate that I brought to protecting and serving the public. With a clear understanding of how the market is shifting, I can help you navigate the current conditions with confidence and strategic planning.
For more on foreclosures and short sales, visit:
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