LAST SITE UPDATE - July 2, 2009 - Find Santa Clarita Homes, Santa Clarita Foreclosures, and use our exclusive Santa Clarita MLS Map Search here! CLICK HERE - EXCLUSIVE FULL LIST OF SANTA CLARITA BANK OWNED HOMES - CLICK HERE What’s Happening? July 09: We are half way through the year now, and not much has changed - except interest rates and the inventory of homes available for you to buy! The Santa Clarita real estate market has been strong. There are equal opportunities out there right now for both buyers and sellers. If it weren't for the foreclosures still lingering, this would almost be considered a sole sellers market here in Santa Clarita, due to the very low inventory, and immense demand from buyers for Santa Clarita condos and homes. If you are a seller with some equity in your house, and are able to price your house relatively competitively - you will probably sell pretty quick! Bank owned homes are selling fast too! Buyers just want to buy now, and at a good price. Half of the inventory of homes for sale, are short sales. These are homes that require the owner's lender(s) approval in order for the sale to go through. This process of approval by the loan/lien holders, takes months on the average. Buyers in large numbers tend to shy away from short sales, because patience can wear thin after months of waiting for an answer on an offer, that could be a "no" when all is said and done. With an inventory of less than 800 homes for sale, and almost half of those being short sales - that means there are only about 400-500 homes that are "really" ready to sell now...those would be regular and bank owned sales. That of course includes the smallest condos to the largest estate homes in Santa Clarita. That leaves little in the way of "multiple" options when you take a look at your specific criteria. With the strong buyer demand, and dwindling inventory of homes for sale that are actually able to be sold now....we think that there should be a moderation of lowering home values over the next 6 months. More foreclosures are on the way, how many, is subject to speculation, but by no means have we seen an inundation of bank owned foreclosure hitting the market so far in 2009...and the year is half over now. Buyers need more foreclosures to satisfy their appetite. If there is a lack of foreclosures hitting the market, as the last 6 months has shown, we will continue to see many instances of multiple offers on individual homes, and homes selling above their initial asking price. The $8,000 first time homebuyer tax credit ends on December 1, 2009! Please act now before you miss this opportunity. Interest rates have been rising from their lows of the last few months, and home values don't appear to be plummeting by any means, past what they have already dropped. A special thanks to the following home buyers & sellers who either found The Robert & Brian Team here at TheScvAgents.com or were referred to us, and bought or sold their Santa Clarita home with our help, over the last 60 days: THANK YOU! - Kathy P., John & Holly A., Justin & Jen B./V., Marti & Rico G., Claire D., Jake & Danielle T., Brett H., Ron & Judy S, Justin & Rachael A/P., Dave B., Christina G., Jon & Lorraine C., Gabriella & Zoltan S., Jonathan & Jessica (& Terry) W., Darrin & Karen E., ....and many more to come! - Robert & Brian, The Robert & Brian Team This is the #1 Santa Clarita Home and Santa Clarita Foreclosures site on the web for savvy home buyers and sellers ready for their next real estate transaction! The Robert & Brian Team updates this Santa Clarita Valley real estate site everyday. We leverage technology to better serve our clients' needs in this fast paced real estate market, where information is king, and can mean saving you thousands! Check out our Santa Clarita Real Estate Blog - Santa Clarita Real Estate Forum |