Santa Clarita real estate market report

By The Paris911 Team at RE/MAX of Santa Clarita California

February 3, 2014

Canyon Country

castaic

newhall

saugus

Stevenson Ranch

Santa clarita proper

valencia

Paris911 Team update

The local Santa Clarita Cities are moving, although not as fast as the Sellers in our current market would like.

The Days on Market(DOM) have been increasing since the start of the Holiday Season – October 2013, and we are seeing on average 60-85 days a property is on the market before having an accepted offer and entering escrow.

As far as the real estate listing prices versus sales prices, we are observing that 75% of the properties selling are selling for less than their Listing Price.

Paris911 continues…

With the longer DOM timeframes and buyers not being as quick on the trigger, the sellers are starting to reduce their listing prices, on average, about 30 days within the listing contract time frames.

In the coming months, we are going to see heightened buyer activity as we enter the seasonal spring time.

The only danger for real estate sellers is if the listing inventory continues to increase, the current market will shift into a buyers market and they(the buyers) will then have control, due to an excess of real estate inventory for sale.

Paris911 Resources

• Current Pricing Graphs: http://paris911.com/prices

• Inventory Tables: http://paris911.com/inventory

• Days On Market Graphs: http://paris911.com/DOM

• Market Reports via email: http://paris911.com/reports

• Foreclosure Search: http://paris911.com/Foreclosures

• MLS Search: http://paris911.com/MLS

Thank you