Santa Clarita Real Estate Forum

santaclaritarealestateforum January 3rd, 2008

For the geek inside of you, the following is a window into the recently finalized November 2007 Santa Clarita Valley residential real estate statistics (or SCVrres as no one calls it by).

Some of the figures that interest me most:Only 32 out of 149 closed escrows, sold at list price. Read that as, expect to negotiate your price - down a bit. For those listings going into escrow, it took an average 91 days of being on the market, for the rest of them that didn’t sell, there was an average of 103 days on the market.

Here are the main stats to keep in mind from the November 2007  Santa Clarita residential real estate stats:

New Listings: 415

New Escrows Opened: 163

Sales to New Listing Inventory Ratio: 35.9

Escrows Closed: 149

Average Days On Market: 103 - Castaic has oldest inventory with an avg 11 days, but they also had the least amount of new listings opened in November.

Median List Price: $519,900

Expirations of Listings: 194

Opened Escrows Days on Market: 91

Opened Escrows Average List Price: $562,300

Closed Escrows Average Sales Price: $510,500

Number of Sales With Two Different Realtors (one for Seller, one for Buyer): 104

% of Sales Where Realtors Cooperated On The Deal: 69.8%

Sales at List Price: 32 - There were about 32 good agents there that advised proper selling prices!

% Sales at List Price: 21.5% - Most aren’t so lucky to sell at their asking price.

Lil’ tid bits part 1: In November 2007, it took the longest time to sell your Santa Clarita home if it was priced anywhere from $800,000 to $899,999

Lil’ tid bits part 2: In November 2007, if your Santa Clarita home sold between $400,000 to $449,000 you had an average price reduction of $58,115, or 11.4%!

No more lil’ tid bits.

If this didn’t satisfy your number loving mind, then here’s a link to the ENTIRE November 2007 Santa Clarita Valley Residential Real Estate Statistics. Enjoy!

• Local RE Reports