Santa Clarita Real Estate Forum

santaclaritarealestateforum October 7th, 2008

Here are excellent Santa Clarita Real Estate Numbers for October 2008, as gathered by Paul Atkins from Re/Max of Santa Clarita.

The inventory keeps dropping! Now we’re just under a 6 month supply! Check it out below…

• Stevenson Ranch….. 122~active….. 14~are short pay… = 11%
• Stevenson Ranch…….127~active…..24~are short pays..= 19%
• Stevenson Ranch ……….129~active…….19~are short pays……= 15%
• Stevenson Ranch………..117~active…….30~are short pay……..= 25%
• Stevenson Ranch………..127~active…….32~are short pay…….= 25%
• Stevenson Ranch………..119~active……36~short pay…6~REO=35%
• Stevenson Ranch………..101~active…..28~short pays.12~REO= 39%
• Stevenson Ranch ………..81~active…….26~short pay…7~REO= 40.7%
• 5-MONTHS INVENTORY AT LAST 30-DAY ABSORPTION RATE
• ____________________________________________________
• Valencia………………..447~active….. 101~are short pay..= 22.5%
• Valencia………………..442~active……121~are short pay.=  27%
• Valencia……………………….377~active………133~are short pays.= 35%
• Valencia……………………….368~active………128~are short pays= 35%
• Valencia……………………….363~active………128~are short pays = 35%
• Valencia……………………….362~active……….130~short pay..31~REO=44% 
• Valencia……………………….348~active……….137~short pay..30~REO=48%
• Valencia………………………..329~active………143~short pays..33~REO=53.4%
• 4.9~MONTHS INVENTORY AT LAST 30-DAY ABSORPTION  RATE
• ____________________________________________________
• Saugus………………….357~active…….99~are short pay…= 27.7%
• Saugus………………….334~active……125~are short pay = 37%
• Saugus…………………………300~active………138 are short pays..= 46% 
• Saugus…………………………265~active………118 are short pays = 44%
• Saugus………………………….269~active……..119 are short pays = 44% 
• Saugus………………………….232~active……..104~short pay..32~REO=58%
• Saugus………………………….226~active……..104~short pays..36~REO=62%
• Saugus…………………………..209~active…….92~short pay…..32~REO=59.3%
• 5~MONTHS INVENTORY AT LAST 30 DAY ABSORPTION  RATE
• ____________________________________________________

• Canyon Country……….570~active…… 184~are short pay..= 32%
• Canyon Country………..546~active……206~are short pay..= 38%
• Canyon Country…………….504~active……….221~are short pays..= 44%
• Canyon Country…………….491~active……….218~are short pays = 44%
• Canyon Country…………….475~active………..227~are short pays = 47%
• Canyon Country…………….439~active………..201~short pay…54~REO=58%
• Canyon Country…………….404~active………..204~short pay…44~REO=61%
• Canyon Country…………….367~active………..187~short pays..51~REO=64.8%
• 5~MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION RATE 
• ____________________________________________________
• Castaic…………………..194~active….. 50~are short pay…..= 25.7%
• Castaic…………………..189~active……55~are short pay….= 29%
• Castaic…………………………..184~active………67~are short pays….= 36%
• Castaic…………………………..169~active………60~are short pays….= 35%
• Castaic…………………………..158~active………55~are short pays….= 34% 
• Castaic…………………………..164~active………59~short pay..25~REO=51% 
• Castaic…………………………..146~active………57~short pays..14~REO=48%
• Castaic…………………………..144~active………60~short pays…12 REO=50% 
• 5.5 MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION RATE
• ____________________________________________________
• Newhall…………………….266~active… .66~are short pay….= 24.8%
• Newhall…………………….264~active……77~are short pay…= 29% 
• Newhall…………………………..238~active………..82~are short pays…= 34%
• Newhall……………………………234~active……….82~short pays……….= 35%
• Newhall……………………………234~active………..76~are short pays..= 32%
• Newhall……………………………221~active……….67~short pay….27~REO=42%
• Newhall……………………………207~active……….71~short pay….27~REO=47%
• Newhall…………………………….190~active………63~short sales..27~REO=47.3%
• 11~MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION  RATE
• ____________________________________________________
• Acton Agua Dulce……..158~active…. 19~are short pay….= 12%
• Acton / Agua Dulce…….155~active…..19~are short pay…= 12%
• Acton / Agua Dulce………….144~active…….18~are short pays….= 12%
• Acton / Agua Dulce…………..146~active…….18~are short pays…= 12%
• Acton / Agua Dulce…………..138~active……..15~are short pays..= 10%
• Acton / Agua Dulce…………..136~active…….15~short pay…8~REO=17%
• Acton / Agua Dulce…………..145~active……..19~short pay..14~REO=23%
• Acton / Agua Dulce……………142~active…….22~Short pays..19~REO=28.8%
• 23.6 MONTHS INVENTORY AT LAST MONTHS ABSORPTION RATE 
• ___________________________________________________
• All SCV……………………2,114 active 533~are short pays….= 25%
• All SCV…………………….2,057 active 627~are short pays…= 30.4%
• ALL SCV………………………….1,876~active….691~are short pays……= 36.8%
• ALL SCV…………………………..1,790~active….654~are short pays….. = 36.5%
• All SCV……………………………..1,764~active….652~are short pays…..= 36.9%
• All SCV……………………………..1,673~active….612~short pay…183~REO=47%
• All SCV……………………………..1,577~active….601~short pay…177~REO=49%
• All SCV………………………………1,462~active….593~short pays..181~REO=52.9%
• THIS IS 5.94 MONTHS INVENTORY AT LAST MONTHS ABSORPTION RATE
• XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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santaclaritarealestateforum October 7th, 2008

We have another great new listing in Canyon Country. Its newer construction, 3 Bedrooms 2.5 bathrooms, for just $319,000. It has views of the entire Santa Clarita Valley, and it’s located on a small, quite cul-de-sac with an HOA pool right across the street…it doesn’t get better for the price! It’s also highly upgraded with granite counters, and the like! Call The Scv Agents Team to check it out, 661-291-2707, or just visit us @ http://www.TheScvAgent.com/.

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santaclaritarealestateforum October 7th, 2008

We just posted a great new listing in Canyon Country for sale. It has over 3,000 sq ft, 5 bedrooms, 4 bathrooms, and it was built in 2007 - for just $469,000. Visit www.TheScvAgent.com and click on The Scv Agents Listings to view details. It’s located on Spencer Dr.

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santaclaritarealestateforum October 1st, 2008

Today, we passed below 1,500 homes for sale in Santa Clarita, down to 1,490 homes for sale. This represents just about a 4-5 month supply of homes, based on the pace of sales recorded at the end of August.

The entire year we’ve seen a continual decline of homes for sale in Santa Clarita. A lower inventory is a healthy thing, if the goal is to put a stop to the price declines. This decline in inventory, has been a direct result of all of the incredible deals the Santa Clarita foreclosures have presented, which in turn brought out the cavalry of buyers. More foreclosures have yet to hit the market, so we’ll continue to see some price declines in various portions of our valley, but not in the percentages that have already taken place. Look for Santa Clarita home sales in the fall and winter 08, to be better than usual!

You can also search for Santa Clarita Foreclosures here:

•  Valencia Foreclosures
• Saugus Foreclosures
• Castaic Foreclosures
• Newhall Foreclosures
• Canyon Country Foreclosures
• Stevenson Ranch Foreclosures

Always call The Scv Agents Team, for expert assistance when it comes to Santa Clarita Real Estate!

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santaclaritarealestateforum September 24th, 2008

Santa Clarita Foreclosure
Originally uploaded by The Scv Agents

This Santa Clarita foreclosure was a great find. We viewed it yesterday with some clients. Check out the incredible backyard view! It’s located in the Canyon Country portion of Santa Clarita where a large concentration of foreclosure activity has taken place.

This particular home is a 4 bedroom 2 bath with 1260 sq ft on a large 7035 sq ft lot with RV Access, not to mention a nice large driveway to the garage and just one neighbor!

This Santa Clarita foreclosure home is located on a quiet street and is priced at just $258900!

Contact The Scv Agents @ 661 291 2707 to view this property while it lasts, or any other foreclosure homes in the Santa Clarita area.

Be sure to visit us at www.TheScvAgent.com.

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santaclaritarealestateforum September 23rd, 2008

Canyon Country Home - Priced Like Foreclosure
Originally uploaded by The Scv Agents

Check out our new Canyon Country home listing - priced just like a Canyon Country foreclosure but without the hassle! Its not a short sale either!

This home is clean, and you’ll save thousands because most surrounding foreclosures need tons of work! Its a 3+2 on large, well manicured lot. Priced @ $275,000.

Call The Scv Agents team @ 661 291 2707 to set up an appointment to view this hot Canyon Country home deal.

Robert Mickalson
"The Scv Agents" Team
Vintage Sothebys Int’l Realty
cell 661-373-2374
office 661-219-2260
fax 661-219-9100

Visit www.TheScvAgents.com for expert Santa Clarita real estate assistance!

sent via wireless blackberry

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santaclaritarealestateforum September 10th, 2008

We wanted to post these Santa Clarita Foreclosure Links so your job becomes that much easier when trying to find a foreclosure home in Santa Clarita.

There are tons of websites to visit for SCV foreclosure information, but we feel we have the best because it is updated daily, and we have various foreclosure tools set up for your Santa Clarita home search…take a look:

Santa Clarita Foreclosures - use this Foreclosure Radar search for your Santa Clarita home search. Here you can select to find Santa Clarita Bank Owned homes (REO’s), Santa Clarita Auction Homes, or Santa Clarita Pre-Foreclosures…just enter the zip code or city/area you wish to find Santa Clarita foreclosure type homes in.

Santa Clarita Bank Owned Home Search - (Foreclosures, REO’s) - this is a special list we put together for your Santa Clarita foreclosure home search. It’s actually broken down by area, and offers all sorts of information, including the address to the Santa Clarita bank owned homes, HOA dues, and even offers multiple offers…something no other website provides when letting you exclusively search for Santa Clarita foreclosures.

Santa Clarita Short Sale Home Search - Before any home becomes a Santa Clarita foreclosure, it’s a "pre-foreclosure". We know that a lot of you like to pick up on these deals before the banks get these homes. Often times, the owner of a Santa Clarita pre-foreclosure home puts it up on the market and tries to sell it, it’s usually a short sale. We put together a list of these Santa Clarita pre-foreclosure short sale homes, and sorted it out by area for you. This list, along with the link above for Santa Clarita bank owned foreclosures, should really help you identify which ones are short sales and which ones are just bank owned.

Call The Scv Agents Team @ 661-291-2707 to help with your search finding Santa Clarita foreclosure homes!

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santaclaritarealestateforum September 6th, 2008

 Some great detailed statistics of our Santa Clarita Real Estate Market below. Take a look at the last 30 days of activity, including months past. You can see the dramatic decline in the Santa Clarita Listing Inventory, and the heafty presence of Short Sales. These stats also show the percentage of bank owned properties on the market as well. Thanks to Paul Atkins @ Re/Max Valencia for putting these together.

For help buying Real Estate in Santa Clarita, call The Scv Agents Team @ 661-291-2707. We’ve helped a lot of people successfully buy Santa Clarita foreclosures & Santa Clarita REO homes, and Santa Clarita short sales this year…let us help you do the same.

• Stevenson Ranch….. 122~active….. 14~are short pay… = 11%
• Stevenson Ranch…….127~active…..24~are short pays..= 19%
• Stevenson Ranch ……….129~active…….19~are short pays……= 15%
• Stevenson Ranch………..117~active…….30~are short pay……..= 25%
• Stevenson Ranch………..127~active…….32~are short pay…….= 25%
• Stevenson Ranch………..119~active……36~short pay…6~REO=35%
• Stevenson Ranch………..101~active…..28~short pays.12~REO= 39%
• ____________________________________________________
• Valencia………………..447~active….. 101~are short pay..= 22.5%
• Valencia………………..442~active……121~are short pay.=  27%
• Valencia……………………….377~active………133~are short pays.= 35%
• Valencia……………………….368~active………128~are short pays= 35%
• Valencia……………………….363~active………128~are short pays = 35%
• Valencia……………………….362~active……….130~short pay..31~REO=44% 
• Valencia……………………….348~active……….137~short pay..30~REO=48%
• ____________________________________________________
• Saugus………………….357~active…….99~are short pay…= 27.7%
• Saugus………………….334~active……125~are short pay = 37%
• Saugus…………………………300~active………138 are short pays..= 46% 
• Saugus…………………………265~active………118 are short pays = 44%
• Saugus………………………….269~active……..119 are short pays = 44% 
• Saugus………………………….232~active……..104~short pay..32~REO=58%
• Saugus………………………….226~active……..104~short pays..36~REO=62%
• ____________________________________________________

• Canyon Country……….570~active…… 184~are short pay..= 32%
• Canyon Country………..546~active……206~are short pay..= 38%
• Canyon Country…………….504~active……….221~are short pays..= 44%
• Canyon Country…………….491~active……….218~are short pays = 44%
• Canyon Country…………….475~active………..227~are short pays = 47%
• Canyon Country…………….439~active………..201~short pay…54~REO=58%
• Canyon Country…………….404~active………..204~short pay…44~REO=61%
• ____________________________________________________
• Castaic…………………..194~active….. 50~are short pay…..= 25.7%
• Castaic…………………..189~active……55~are short pay….= 29%
• Castaic…………………………..184~active………67~are short pays….= 36%
• Castaic…………………………..169~active………60~are short pays….= 35%
• Castaic…………………………..158~active………55~are short pays….= 34% 
• Castaic…………………………..164~active………59~short pay..25~REO=51% 
• Castaic…………………………..146~active………57~short pays..14~REO=48%
• ____________________________________________________
• Newhall…………………….266~active… .66~are short pay….= 24.8%
• Newhall…………………….264~active……77~are short pay…= 29% 
• Newhall…………………………..238~active………..82~are short pays…= 34%
• Newhall……………………………234~active……….82~short pays……….= 35%
• Newhall……………………………234~active………..76~are short pays..= 32%
• Newhall……………………………221~active……….67~short pay….27~REO=42%
• Newhall……………………………207~active……….71~short pay….27~REO=47%
• ____________________________________________________
• Acton Agua Dulce……..158~active…. 19~are short pay….= 12%
• Acton / Agua Dulce…….155~active…..19~are short pay…= 12%
• Acton / Agua Dulce………….144~active…….18~are short pays….= 12%
• Acton / Agua Dulce…………..146~active…….18~are short pays…= 12%
• Acton / Agua Dulce…………..138~active……..15~are short pays..= 10%
• Acton / Agua Dulce…………..136~active…….15~short pay…8~REO=17%
• Acton / Agua Dulce…………..145~active……..19~short pay..14~REO=23% 
• ___________________________________________________
• All SCV……………………2,114 active 533~are short pays….= 25%
• All SCV…………………….2,057 active 627~are short pays…= 30.4%
• ALL SCV………………………….1,876~active….691~are short pays……= 36.8%
• ALL SCV…………………………..1,790~active….654~are short pays….. = 36.5%
• All SCV……………………………..1,764~active….652~are short pays…..= 36.9%
• All SCV……………………………..1,673~active….612~short pay…183~REO=47%
• All SCV……………………………..1,577~active….601~short pay…177~REO=49%
• XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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santaclaritarealestateforum August 28th, 2008

It was announced earlier this week that the Federal Housing Administration (FHA) will be increasing the Mortgage Premium charged to all purchase money mortgages, and full credit qualifying refinances. The increase is 25 basis points, bringing the Mortgage Premium charged to 1.75% from 1.50% of the loan base loan amount.

For a borrower seeking a loan in the amount of $200,000, this would equate to an extra $500, charged in the closing costs. FHA loans tend to have higher closing costs than conventional loans, this Mortgage Premium is one of the contributing factors to that fact. The need for FHA loans will likely only increase, as many potential buyers are lured into the market by lower housing prices, and the attractiveness of the FHA loans that provide attractive options such as only 3% down payment, and generous credit guidelines to those with lower scores.

The FHA needs to increase the Mortgage Premium in order to cover losses on bad loans, or seek taxpayer funds. Just when thousands of Americans are seeking out these FHA loans in order to qualify for their home of choice, and just as affordability is returning, cutting back on FHA loan availability is really out of the question for the time being.

To learn more about housing and loan options available to you when buying a Santa Clarita Home, contact The Scv Agents Team @ 661-291-2707.

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santaclaritarealestateforum August 6th, 2008

Looking for some great Santa Clarita Real Estate Statistics? Here you go! Paul Atkins over at Re/Max of Santa Clarita did another good job compiling some stats from the last 6 months of activity.

If you want to some proof that the local Santa Clarita market has experienced some very positive trends recently and really more so over the last 6-7 months, look no further than the numbers below:

Thanks Paul!

March 7th

April 7th

May 7th

June 7th

July 7th

August 7th

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

August 7th 2008 Re-Cap, we have broke out REO listings into our report this month.

SCV TOTALS 1,673 active of that 612 are short pays 183 are REO=47% of actives are~distressed sales. 

We closed 281 escrows in the last 30-days at July’s closed pace we would have 6.9 months inventory.

Broken down to areas it looks like:

Acton /Agua Dulce 15~months inventory

Canyon Country 6~months inventory

Castaic~6.8 months inventory

Newhall~11 months inventory

Saugus~5 months inventory

Stevenson Ranch~4.5 months inventory

Valencia~4.5 months inventory

The calculation was derived calculating the last 30 days closed activity in that area divided into the active listings in that area as of today.

• Stevenson Ranch….. 122~active….. 14~are short pay… = 11%
• Stevenson Ranch…….127~active…..24~are short pays..= 19%
• Stevenson Ranch ……….129~active…….19~are short pays……= 15%
• Stevenson Ranch………..117~active…….30~are short pay……..= 25%
• Stevenson Ranch………..127~active…….32~are short pay…….= 25%
• Stevenson Ranch………..119~active……36~short pay…6~REO=35%
• ************2% drop in inventory sinceMarch 7th 2008********
• ____________________________________________________
• Valencia………………..447~active….. 101~are short pay..= 22.5%
• Valencia………………..442~active……121~are short pay.=  27%
• Valencia……………………….377~active………133~are short pays.= 35%
• Valencia……………………….368~active………128~are short pays= 35%
• Valencia……………………….363~active………128~are short pays = 35%
• Valencia……………………….362~active……….130~short pay..31~REO=44% 
• ************19% drop in inventory since March 7th 2008***********
• ____________________________________________________
• Saugus………………….357~active…….99~are short pay…= 27.7%
• Saugus………………….334~active……125~are short pay = 37%
• Saugus…………………………300~active………138 are short pays..= 46% 
• Saugus…………………………265~active………118 are short pays = 44%
• Saugus………………………….269~active……..119 are short pays = 44% 
• Saugus………………………….232~active……..104~short pay..32~REO=58%
• ********35% DROP IN INVENTORY SINCE MARCH 7th 2008******** 
• ____________________________________________________

• Canyon Country……….570~active…… 184~are short pay..= 32%
• Canyon Country………..546~active……206~are short pay..= 38%
• Canyon Country…………….504~active……….221~are short pays..= 44%
• Canyon Country…………….491~active……….218~are short pays = 44%
• Canyon Country…………….475~active………..227~are short pays = 47%
• Canyon Country…………….439~active………..201~short pay…54~REO=58%
• ********23% DROP IN INVENTORY SINCE MARCH 7th 2008********
• ____________________________________________________
• Castaic…………………..194~active….. 50~are short pay…..= 25.7%
• Castaic…………………..189~active……55~are short pay….= 29%
• Castaic…………………………..184~active………67~are short pays….= 36%
• Castaic…………………………..169~active………60~are short pays….= 35%
• Castaic…………………………..158~active………55~are short pays….= 34% 
• Castaic…………………………..164~active………59~short pay..25~REO=51% 
• *******17% DROP IN INVENTORY SINCE MARCH 7th 2008******
• ____________________________________________________
• Newhall…………………….266~active… .66~are short pay….= 24.8%
• Newhall…………………….264~active……77~are short pay…= 29% 
• Newhall…………………………..238~active………..82~are short pays…= 34%
• Newhall……………………………234~active……….82~short pays……….= 35%
• Newhall……………………………234~active………..76~are short pays..= 32%
• Newhall……………………………221~active……….67~short pay….27~REO=42%
• *****16% DROP IN INVENTORY SINCE MARCH 7th 2008******
• ____________________________________________________
• Acton Agua Dulce……..158~active…. 19~are short pay….= 12%
• Acton / Agua Dulce…….155~active…..19~are short pay…= 12%
• Acton / Agua Dulce………….144~active…….18~are short pays….= 12%
• Acton / Agua Dulce…………..146~active…….18~are short pays…= 12%
• Acton / Agua Dulce…………..138~active……..15~are short pays..= 10%
• Acton / Agua Dulce…………..136~active…….15~short pay…8~REO=17%
• ******14% DROP IN INVENTORY SINCE MARCH 7th 2008******* 
• ___________________________________________________
• All SCV……………………2,114 active 533~are short pays….= 25%
• All SCV…………………….2,057 active 627~are short pays…= 30.4%
• ALL SCV………………………….1,876~active….691~are short pays……= 36.8%
• ALL SCV…………………………..1,790~active….654~are short pays….. = 36.5%
• All SCV……………………………..1,764~active….652~are short pays…..= 36.9%
• All SCV……………………………..1,673~active….612~short pay…183~REO=47%
• *********21% DROP IN INVENTORY SINCE MARCH 7TH 2008*****

If you’re looking to buy or sell a Santa Clarita home, we can help you. Santa Clarita foreclosure home? Santa Clarita short sale? Santa Clarita resale? We do it all, and have the insight & experience you’re looking for…give us a call @ 661-291-2707 anytime. Our team can help you view homes 7 days a week, and we have a website @ TheScvAgents.com like no other! try our new Santa Clarita Foreclosure Radar! 

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