I thought I’d take you on a walk down Santa Clarita real estate memory lane, and provide you with an interesting snippet.
Sometimes you’ll think about the good times in our local housing market, when your home was appreciating in value, and a career in real estate sounded pretty appealing to many!
What month and year were the good times really rollin’!?
Looking back at the stats, it appears that December 2003 was a pretty darn good month to be a Santa Clarita homeowner!
The future was bright, and the percent of sales happening, versus new listings was 162%
December 2003 won out over “busier” summer months mainly due to the fact that inventory levels tend to be calm and or go down during the winter. While there weren’t as many sales in this month versus others, the inventory (read: choices for consumers), were very low. It was a great time to sell a home due to the low inventory, and still excellent amount of sales. Less inventory is always better for sellers.
Broken Down: That month there were 303 new listings, and a whopping 490 homes that SOLD! Yes, more home sales than listings. Those were the days, right?
Compare to Now: In October 2007, the month we have most recent stats on, there were 793 Santa Clarita homes listed for sale, and a meager 227 that sold. That represents a 29% Listing to Sales ratio.
My how things have changed.
Here’s a tip not suitable for my Tip of The Day Posts… Make sure to get on the train before it starts moving next time! 2008 should be the year to do that in.
I hope you’ve enjoyed this trip down memory lane.
Link: Santa Clarita real estate stats used for this post – PDF
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