Santa Clarita Real Estate Forum

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

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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*****

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santaclaritarealestateforum July 9th, 2008

New Santa Clarita Listings:     26
Out of the new Santa Clarita listings…  
Santa Clarita REOs:    8                                 
Santa Clarita Short sales:     8
 
Active Santa Clarita Listings:      1743
Avg. Days on Market:  108
 
Pending - Daily New:   18
Pending & Backup Offers-Total:   573
Avg. Days on Market:  65
 
June-Closed to date:   246
Avg. Days on Market:  70
 
July-Closed to date:  31
Avg. Days on Market:  39
 
Closed Escrows - Daily New: 11
YTD Closed Escrows (2008): 1341
Avg. Days on Market:   78

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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 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!

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