How long to sell a home in Santa Clarita CA July 2024 - closing figures
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How long to sell a home in Santa Clarita CA July 2024 - closing figures
Connor with Honor at SantaClaritaOpenHouses(com) - July 31, 2024** Tags: [santa clarita](/-/Blog/tag/santa clarita), [homes for sale](/-/Blog/tag/homes for sale), [top agent](/-/Blog/tag/top agent), [best realtor](/-/Blog/tag/best realtor), [open houses](/-/Blog/tag/open houses) ** 0 Comments | Add Comment
The Current State of Santa Clarita Real Estate
Welcome to the final day of July 2024, and with it, one of the most comprehensive market updates you’ll encounter for Santa Clarita real estate. Today, we’ll delve into the latest trends, statistics, and insights to help you navigate this dynamic market.
As of today, we have 467 active units for sale across the Santa Clarita Valley cities. These include Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, and Valencia. Despite what might appear as a stagnant market, many listings are moving quickly, typically going into escrow within 7 to 14 days of hitting the market. This rapid movement indicates a robust market where properties are highly sought after.
Key Market Statistics
Here’s a breakdown of the current market statistics:
Understanding the Market Trends
We’re seeing typical market behavior where overpriced properties initially undergo price adjustments to attract more buyers. This tactic helps listings regain visibility on syndication sites, increasing their chances of selling.
When it comes to financing, especially with VA loans, there might be delays due to appraisal schedules. However, lenders well-versed in VA loans can streamline this process, making it comparable to conventional loan timelines.
Navigating Buying and Selling in the Current Market
For Sellers:
If you’re considering selling, it’s crucial to be aware of the current dynamics. Properties are moving fast, but pricing them correctly from the start is key to avoiding the need for price reductions later. Also, be prepared for potential delays if the buyer is using federal loans, which could extend the typical 30 to 45-day escrow period.
For Buyers:
For buyers, the competition is fierce. Many properties receive multiple offers, sometimes exceeding the listing price. While this can be daunting, it’s essential to ensure that any offer above the listing price is justified and sustainable for your financial situation. Overpaying can delay building equity in your new home.
Financing Tips:
Looking Ahead
As we move into August, we’re anticipating potential changes in interest rates. While there has been much speculation about a decrease, it’s essential not to base your buying decisions solely on these predictions. Stay informed, but make decisions based on your current needs and financial situation.
Contact Information
I’m Connor MacIvor, your trusted real estate partner. For more detailed information and personalized advice, feel free to reach out to me. You can find me online at SantaClaritaOpenHouses.com or simply Google “Connor with Honor.”
Contact Details:
Stay tuned for tomorrow’s update, where we’ll dive into the closing figures for July and what they mean for the market moving forward.
Thank you for tuning into today’s real estate update. Please share this with anyone who might find it useful, and as always, be well.
Connor MacIvor Saving the world one real estate client at a time.
Over and out!
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Yes, I earn referral fees when you work with agents I recommend. But unlike national platforms like Zillow or Realtor.com, I personally know and vet every single agent in my network of 17 trusted professionals.
My recommendations are based on YOUR specific needs and the complexity of your situation—not who pays the highest referral fee. I live in Santa Clarita Valley, and my reputation in this community depends on your success. Local accountability matters.
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