The SCV Agents Team @ Realty Executives Valencia would like to thank Paul Atkins at Re/Max for these figures month in and month out!
Interesting notes about the last 30 days of activity in Santa Clarita Real Estate:
- 55% of inventory are foreclosures or preforeclosures (Santa Clarita Bank Owned Homes, or Santa Clarita Short Sales).
- 67% of homes sold in Santa Clarita over last 30 days has been foreclosures and preforeclosures.
- Hottest price range with action is $400,000 and under, especially under $300,000.
- 40% drop in inventory versus same period in March 2008! Inventory a year ago was at 2,114.
- Current inventory of 1,251, is only a 6.6 months’ supply of homes at the current pace of Santa Clarita home sales.
- You don’t want to be a home seller in Acton or Agua Dulce! The inventory there is approximately 14.5 months supply based on the current pace of sales taking place.
- Saugus, Castaic, and Canyon Country have the highest percentage of foreclosure inventory levels.
With the inventory of Santa Clarita homes having dropped as much as it has in the last year, it should create some pause, and compel you to wonder if this is the right year for you to buy a Santa Clarita condo or house. With incredibly low interest rates, new and unprecedented tax credit opportunities for home buyers in Santa Clarita – even a grant is available, all matched with price levels not seen since early 2000’s – affordability is back, and in a major way! Renters now have very little incentive to continue paying someone else’s mortgage. After tax advantages to most, owning a home hasn’t looked so attractive. Whether you plan on buying a home this year, or perhaps in 2010, you have to admit, you’ve probably given it some serious consideration if you don’t already own!
After reviewing the data below, please take time to visit us @ www.TheScvAgents.com where you can search for ALL Bank Owned Santa Clarita Homes, ALL Santa Clarita Short Sales, and even use great home searching tools such as our Santa Clarita Tract Directory. And don’t forget to research the 2009 Home Buyer Tax Credits for you Santa Clarita house hunters – The SCV Agents Team
March 7th
April 7th
May 7th
June 7th
July 7th
August 7th
September 7th
October 7th
November 6th
December 6th
January 7~2009
February 7~2009
March 6~2009
sales and the pendings over the last 30-days.
PENDINGS 580~total 250~are REO & 188~are short pays=75%
Pendings 639~Total 259~are REO & 231~are short pays=76.6%
Pendings 563~Total 460~are short pay or REO = 81%
Pendings 542~Total 432~are short pay Or REO = 79%
Pendings 474~Total. 376~are REO or short pays=79%
Pendings Reo=208 Short pay=222 Total pending=561= 76%
Pendings REO 203 short pay=225 Total pending=630=67%
September 7th CLOSED.. 253 (last 30-days)……129 were REO or SP=50%
October 7th Closed ………..246 (Last 30-days)….151 were REO or SP=61%
November 6th closed ……..261 (last 30-days)….173 were REO or SP=66%
December 6th Closed………341 (last 30-days)….182 were REO or SP = 53%
January 7th Closed…………..227 (last 30-days)…..162 were REO or SP=71%
February 7th Closed…………REO=125…Short pay=35 Total closed=212=75%
March 6th closed………………REO=94……Short pay=33 Total Closed 189=67%
SOLDS
over $1,000,000……………………………2…..5….3……..6…..3….2….3
$800m to 1-million………………………..6…..6….6……..9…..2….1….3
~from $700K to $800K…..10….11….6……11…1…..5….5
~from $600K to $700K……24…15….10…..21…10…9….9
~from $500K to $600K……24….23….29….48…20..21…15
~from $400K to $500K……55….56….63….76…41..37…47
~from $300K to $400K……73….58….75….93…67..66…53
~under $300K………………….68….74….73….96…88.74…55
- 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%
- Stevenson Ranch…………93~active……..50~REO or short pay…=53%
- Stevenson Ranch…………86~active……..53~REO or short pay = 61%
- Stevenson Ranch…………80~active……..53~REO or Short pay = 69%
- Stevenson Ranch…………83~active….38~short sake…8~REO =55%
- Stevenson Ranch…………84~active….34~short pay……3~REO=44%
- 8.4 MONTHS INVENTORY AT LAST 30-DAY ABSORPTION RATE
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- 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%
- Valencia………………………..330~active………174~REO or short pay…..=52%
- Valencia………………………..328~active………179~REO or short pay…..= 54%
- Valencia………………………..318~active………175~REO or short pay…..= 55%
- Valencia………………………..321~active…..141~are short sale…31~REO=53%
- Valencia………………………..317~active…..144~short pay…………33~REO=55%
- 6.2 ~months inventory at last 30-day absorption rate
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- 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%
- Saugus…………………………..203~active……..126~REO or short pay…=62%
- Saugus……………………………214~active……132~REO or Short pay…= 61.6%
- Saugus……………………………189~active…….112~REO or short pay..= 59%
- Saugus……………………………197~active…92~are short sale..26~REO=59%
- Saugus……………………………174~active….90~short sale……..19~REO=62%
- 7.9~MONTHS INVENTORY AT LAST 30 DAY ABSORPTION RATE
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- 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%
- Canyon Country…………….386~active…………254~REO or short pays…=65.8%
- Canyon Country…………….376~active…………241~REO or short pays…= 64%
- Canyon Country…………….339~active…………221~REO or short pay…..= 65%
- Canyon Country…………….342~active….179~short sales…42~REO=64%
- Canyon Country…………….315~active….156~short sale…..35~REO=60%
- 5.3~MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION RATE
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- 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%
- Castaic…………………………..142~active……….83~REO or short pay…=58%
- Castaic…………………………..121~active……….64~REO or short sale = 52%
- Castaic……………………………107~active………61~REO or short pay….= 57%
- Castaic……………………………102~active….47~are short pay…14~REO=56%
- Castaic……………………………85~active……40~short pay………..13~REO=62%
- 4.7~ MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION RATE
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- 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%
- Newhall…………………………….171~active………84~REO or short sale…..=49%
- Newhall…………………………….174~active………91~REO or short sales = 52%
- Newhall…………………………….158~active………85~REO or short pay…….= 53%
- Newhall……………………………..167~active….73~are short pay….14~REO=52%
- Newhall……………………………..160~active….70~short sale……….14~REO=52%
- 7.6~MONTHS INVENTORY AT LAST 30-DAYS ABSORPTION RATE
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- 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%
- Acton / Agua Dulce…………….135~active……..37~REO or short pay……=27%
- Acton / Agua Dulce…………….118~active…….33~REO or short sales = 27%
- Acton / Agua Dulce…………….113~active……..41~REO or short pay……= 36%
- Acton / Agua Dulce…………….116~active….25~are short pay….15~REO=34%
- Acton / Agua Dulce…………….116~active…..32~short pay………..12~REO=37%
- 14.5` MONTHS INVENTORY AT LAST MONTHS ABSORPTION RATE
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- 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%
- All SCV……………………………..1,460~active…..808~REO or short pay……..=55%
- ALL SCV……………………………1,417~active….793~REO or short pay………= 55%
- ALL SCV…………………………….1,304~active…748~REO or short pay………= 69.7%
- ALL SCV……………………………1,328~active…595~are short pays….150~REO = 56%
- ALL SCV……………………………1,251~active….566~short pay………….129~REO = 55%
MARCH 2009 6.6~ MONTHS INVENTORY AT LAST MONTHS ABSORPTION RATEFOR ALL SCV
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