Santa Clarita Real Estate Forum

santaclaritarealestateforum June 24th, 2008

Trying to purchase a Santa Clarita home lately? Haven’t pulled the trigger just yet? That decision has certainly cost you a bit of money, with respect to what your monthly payment is, and how much of that goes to interest.

Interest rates have been rising steadily, and from the data below, you can see how they’ve progressed since April 2008.

Sure home prices have continued to decrease in months past, here and there, definitely not in every community, but even if they have in the area you wish to purchase…the savings your getting in the form of a lower purchase price, can be, and is quite frequently becoming a wash in any savings due to the rise of interest rates.

Check out these figures, courtesy of Larry Ehrlich of GMAC Mortgage, located in Valencia:

Santa Clarita Home Loans: Interest Rate Changes

If you’re looking to discuss interest rates, and different loan programs available to you, contact Larry Ehrlich of GMAC (a direct lender), at Lender@TheScvAgents.com, or just call 661-510-3585.

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santaclaritarealestateforum June 23rd, 2008

After some going back and forth, our branding logo, for The Scv Agents Team, is now finished. You’ve seen it a little here and there, unfinished, but now we can go to work with this.

What do you think?

We’re hoping it helps us make a mark on the Santa Clarita Real Estate industry. Branding is very important, and having a recognizable logo, is only a fraction of it all. There’s only a few other Realtors in Santa Clarita that do the “branding” thing right. Our team, The Scv Agents, definitely is well put together, and we have all the right tools to thrive in this market, much as we have so far in 2008!

Let us know what you think, and be on the lookout for this logo, hopefully it will pop up here and there in your day to day life - nothing toooo intrusive, of course.

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santaclaritarealestateforum June 19th, 2008

Looking at homes for sale in Santa Clarita, Ca? Have you come to realize that there are over 500 different housing tracts with homes for sale in each? Would you like to narrow down your search, by tract?

Enter, www.TractDirectory.com. This tract directory, is ONLY for the Santa Clarita Valley, and is the only updated one you’ll find on the internet. Quite frequently, we get Santa Clarita home shoppers who call us with several tracts in mind, that they love, and MUST find a home in. We set up this Santa Clarita tract directory to help these clients, and people like yourself who don’t want to sift through endless listings, in communities that have no interest in. For those with a specific interest in a particular community, we’ve just made your search for a home…MUCH easier.

To use this Santa Clarita tract directory, simply go to www.TheScvAgents.com and click on Search MLS By Tract, or simply go to www.TractDirectory.com. From there, all you do is click on the part of Santa Clarita real estate you’re looking at: Stevenson Ranch, Castaic, Valencia, Saugus, Canyon Country, Newhall, Tesoro del Valle, Westridge, Acton, or Agua Dulce. Then, you zoom in on the specific tract you’re looking for, and wha-la - there’s the listings for that tract, and that tract only! Easy right?

Let us know how The Scv Agents Team can make your next Santa Clarita real estate transaction, a smooth one!

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santaclaritarealestateforum June 18th, 2008

Sales of Santa Clarita Condos are on the rise.
 
Condominium sales posted the fourth consecutive month of increased sales in Santa Clarita during April 2008.  The month of April 2008 saw 67 condos close escrow, up over 24% from that of March.  About 50% of the current condominium inventory in Santa Clarita consists of either Short Sales, or Bank Owned Properties, which explains the median price drop of 27.5% from a year ago.  The median price of a condo in the Santa Clarita Valley is at $279,000, compared to that of $385,000 from April 2007.
 
It is crucial to understand the importance of these numbers.  Condominium sales are a good barometer of where the market is heading.  First time buyers being drawn into the Santa Clarita real estate market, and are typically purchasing condos and smaller homes. This activity creates a ripple effect in our local market, creating an opportunity for move up buyers to accomplish their real estate goals, and so on.  The fact that condominium sale declines have halted and are now on a consistent month over month increase says alot about the state of the local Santa Clarita real estate market, and what type of potential growth we maybe poised to experience over the next several years, keeping in mind the enormous population increases (as much as 500,000 people!?) that are currently projected for this great valley.

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santaclaritarealestateforum June 17th, 2008

Buyers eager to capture bargains in the Santa Clarita Valley by purchasing Bank Owned Foreclosures pushed sales of single family homes to their highest level in months.  Existing single family home sales in the Santa Clarita Valley surprisingly posted the fourth consecutive month of gains, and the first year to year increase in 13 months.  In May, a total of 178 homes changed ownership, which is up 2.3% from a year ago, and surprisingly 17.9% higher than March!  After reaching the record high of 405 sales transactions in June of 2005, Santa Clarita home sales have been trending downward ever since.  April 2008’s total was the first time since March of 2007 that the total was higher than the same period a year ago.

Is this sign that the market is slowly turning around?  Has the so called “bottom” come and gone?  Positive talk among local SCV Agents would suggest that might be the case.  Buyers are coming out in droves due to the low prices they haven’t seen in years.  That accompanied by continuing low interest rates, is a recipe for potential future equity that most of these buyers missed out on during the last “boom” cycle.  Stay tuned for more updates… 

To search the Santa Clarita MLS: Click Here

 To Search Santa Clarita Foreclosures: Click Here

 To Search Santa Clarita Short Sales: Click Here

 For the best Santa Clarita Real Estate information, always visit www.TheScvAgents.com

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santaclaritarealestateforum June 14th, 2008

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santaclaritarealestateforum June 10th, 2008

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santaclaritarealestateforum June 9th, 2008

This is an amazing home, with a one of a kind lot…an unobstructed view to die for, and a garden only rivaled by that of a museum! Contact us at 661-373-2374 for more details on this Saugus home, soon to be listed.

Mobile post sent by TheScvAgents using Utterz.  Replies.

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santaclaritarealestateforum June 8th, 2008

In a letter to the public, dated June 8, 2008, Newhall Land issued a statement regarding the decision LandSource Communities Development LLC  made “today” to voluntarily file for Chapter 11 of the bankruptcy code, in order to restructure their debt.

Newhall Land maintains that they will survive this downturn, and is confident that they will be strong as ever once a better real estate market returns. How did Newhall Land get in such a precarious position? Per their email tonight…”We – just as virtually everyone throughout the nation – have been affected by changes in the housing market and the resulting decline of land and home values.”

Take a look at the contents of the letter below:

“Dear Friends, As you may have heard, LandSource and certain of its subsidiaries today voluntarily filed to restructure their debt under chapter 11 of the Bankruptcy Code. 

Newhall

Land is included in the filing.  Because of our relationship with you and the members of the community, we wanted to let you know what this means – and does not mean – for

Newhall

Land.  First and foremost, it does not mean that we are going out of business.  Chapter 11 provides a legal means for companies to reorganize their debts so they can continue in business.  And that’s exactly what we intend to do.Newhall

Land has weathered fluctuations and retrenchments in both the

California and national real estate markets before.  We have every intention not only to survive the current real estate downturn, but to flourish once the market stabilizes.  LandSource has received commitments for debtor in possession financing from Barclay’s Bank, including a $135 million revolving line of credit.  This post-petition financing assures that there will be no interruption in day-to-day operations.

You may be asking yourselves how we came to this difficult juncture.  The answer is relatively simple.  We – just as virtually everyone throughout the nation – have been affected by changes in the housing market and the resulting decline of land and home values.  When the company was unable to meet the debt covenant obligations under its credit facilities, the decision was made to file chapter 11, enabling the company to access additional working capital and modify its debt while continuing to operate its ordinary course of business.

 We believe chapter 11 provides the best, most effective means for LandSource and its subsidiaries to preserve the value of their business, meet postpetition obligations, and maintain constituents’ confidence while it works with creditors to achieve a long-term restructuring.  Our ability to succeed is dependent upon your confidence in us, and we took this step, in part, as a means to safeguard that trust. We will make every effort to keep you fully informed of developments relating to our progress.

If you have particular issues you would like to discuss, please feel free to call us at (661) 255-4000.”

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santaclaritarealestateforum June 4th, 2008

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