Last Day of 2024 Santa Clarita real estate update by Connor with Honor

Last Day of 2024 Santa Clarita real estate update by Connor with Honor

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Last Day of 2024 Santa Clarita real estate update by Connor with Honor

Connor “with Honor” MacIvor - December 31, 2024** Tags: [Santa Clarita real estate](/-/Blog/tag/Santa Clarita real estate), [Santa Clarita homes for sale](/-/Blog/tag/Santa Clarita homes for sale), [Santa Clarita market update](/-/Blog/tag/Santa Clarita market update), [real estate trends](/-/Blog/tag/real estate trends), [home buying](/-/Blog/tag/home buying), [home selling](/-/Blog/tag/home selling), [property market](/-/Blog/tag/property market), [housing statistics](/-/Blog/tag/housing statistics), [real estate investment](/-/Blog/tag/real estate investment), [Connor MacIvor](/-/Blog/tag/Connor MacIvor), [First Responder Realtor](/-/Blog/tag/First Responder Realtor), [Connor with Honor](/-/Blog/tag/Connor with Honor)  ** 0 Comments | Add Comment

Briefing Doc: Santa Clarita Real Estate Market Analysis (12/13/2023 - 12/24/2024)

This briefing document reviews key themes and insights from real estate market data for Santa Clarita, CA, covering the period of 12/13/2023 to 12/24/2024. The analysis leverages data from multiple sources, including statistical sheets, market reports, and specific property listings.

Overall Market Trends:

Key Themes and Insights:

1. Strong Seller’s Market:

“Standard Status: Active…Close Price %/LP: 91.7%” (Source 2.pdf, pg 77)

2. Property Type Performance:

“Type: Single Family Residence (301)…Sum: 5,099,757” (Source 4.pdf, pg 1)

3. Area-Specific Market Dynamics:

“Area: VAL - Valencia (60)…Avg List Price: 704,276” (Source 2.pdf, pg 57) “Area: ADUL - Agua Dulce (23)…Avg List Price: 1,050,698” (Source 2.pdf, pg 17)

4. Market Segmentation by Price:

“List Price: $200,000 - $300,000…Avg Days on Market: 35” (Source 3.pdf, pg 2) “List Price: $900,000 - $1,000,000…Avg Days on Market: 62” (Source 3.pdf, pg 4)

5. Impact of Property Status:

“Standard Status is ‘Expired’ 12/13/2024 to 12/24/2024” (Source 3.pdf, pg 18)

Important Considerations:

Recommendations:

This briefing document provides a high-level overview of the Santa Clarita real estate market. For more detailed information, please refer to the original source documents and consult with a qualified real estate professional.

Real Estate Market FAQ

1. What is the average price of a standard property currently on the market in this area?

The average list price for an active standard property in this area is $847,293. This includes properties of various types, sizes, and locations.

2. What is the price range for standard properties that are currently under contract?

The standard properties currently under contract range in price from $289,000 to $2,899,000.

3. What is the typical time a standard property spends on the market before going under contract?

The average number of days on market (DOM) for properties under contract is 75 days. However, this can vary depending on various factors like price, location, and property condition.

4. How does the average price of a standard property compare to those that have recently closed?

The average list price for recently closed standard properties is $754,621, while the average sale price is slightly lower at $738,500. This indicates that some properties may have sold slightly below the asking price.

5. Are there many new construction properties available?

Currently, there are 12 standard properties listed as “Coming Soon.” These properties are likely under construction or undergoing final preparations before becoming active listings on the market.

6. What is the average price per square foot for standard properties in this area?

The average price per square foot can vary significantly depending on the specific location and type of property. However, overall, the data shows an average price per square foot ranging from approximately $300 to $600.

7. Are there any properties available with a price reduction?

Yes, there are properties that have experienced price adjustments. Looking at the “Standard Status: Closed” data, we can see that 24 properties have closed after having a price reduction.

8. What are the different types of properties available in this area?

The data suggests various property types available, including:

Additional details like specific architectural styles or the number of bedrooms and bathrooms would need to be explored in individual property listings.

Santa Clarita Real Estate Market Analysis Study Guide

Quiz

Instructions: Answer each question in 2-3 sentences.

Answer Key

Essay Questions

Glossary of Key Terms

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