Comments on: December 2009 Santa Clarita Real Estate Market Update

By: Robert Mickalson

Robert Mickalson — Thu, 03 Dec 2009 00:51:28 +0000

Hi Drive66…larger homes like the ones you mentioned, certainly have a higher degree of difficulty to sell. I should have been a bit more clear about which homes, in general, are flying off the shelf, but I was just trying to be brief about it all…it does however feel like all of them are for me since I do this almost 7 days a week, but MOSTLY its the homes priced under $500k. Homes above $500k, do tend to sit longer, and they do tend to be larger in sq ft such as the ones you generically described. If you told me exactly which homes you're referring to, I could probably tell you why they are sitting for as long as you're eluding to. I'm sure there is a reason. You say they are reasonably priced, but that is subjective…they may or may not be. Homes above $500k can sell very fast as well in this market…they don't have to be ridiculously under-priced to do so either. They must be priced competitively though, vs their competition, because there are just fewer buyers for the expensive homes these days, than there are for less expensive homes. Many 1st time buyers out there! Thanks for the comment!

By: Drive66

Drive66 — Thu, 03 Dec 2009 00:24:21 +0000

There are three homes in my community for sale. One is a very suspicious short sale awaiting court approval. It seems they are selling to family members. The other two have been on the market for months and months. These are practically brand new, beautiful homes at reasonable prices. Why aren't they “flying off the shelf within days or weeks of being listed”. What is the going rate for a 2007, 3000+sf home in Santa Clarita?

By: Robert Mickalson

Robert Mickalson — Wed, 02 Dec 2009 17:51:28 +0000

Hi Drive66…larger homes like the ones you mentioned, certainly have a higher degree of difficulty to sell. I should have been a bit more clear about which homes, in general, are flying off the shelf, but I was just trying to be breif about it all…it does however feel like all of them are for me since I do this almost 7 days a week, but MOSTLY its the homes priced under $500k. Homes above $500k, do tend to sit longer, and they do tend to be larger in sq ft such as the ones you generically described. If you told me exactly which homes you're referring to, I could probably tell you why they are sitting for as long as you're eluding to. I'm sure there is a reason. You say they are reasonably priced, but that is subjective…they may or may not be. I could probably tell you for sure. Homes above $500k can sell very fast as well in this market…they don't have to be ridiculously under-priced to do so either. They must be priced competitively though, vs their competition, because there are just fewer buyers for the expensive homes these days, than there are for less expensive homes. Many 1st time buyers out there! Thanks for the comment!

By: Drive66

Drive66 — Wed, 02 Dec 2009 17:24:21 +0000

By: SCVTalk.com » Blog Archive » December 2, 2009 – Daily Brief

SCVTalk.com » Blog Archive » December 2, 2009 – Daily Brief — Wed, 02 Dec 2009 16:20:39 +0000

[...] Realtor blogger says headline for SCV in 2009 is “SCV Experiences huge drop in housing inventory.” BLOG [...]