Santa Clarita inventory steady for now, watch as we get into August 2024
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Santa Clarita inventory steady for now, watch as we get into August 2024
Connor with Honor at SantaClaritaOpenHouses(com) - July 30, 2024** Tags: [santa clarita open houses](/-/Blog/tag/santa clarita open houses), [connor macivor](/-/Blog/tag/connor macivor), [local agents](/-/Blog/tag/local agents), [top realtor](/-/Blog/tag/top realtor), [best results](/-/Blog/tag/best results), [santa clarita](/-/Blog/tag/santa clarita) ** 0 Comments | Add Comment
Good Day Santa Clarita and Beyond!
I’m Connor MacIvor, your trusted real estate expert, and today is July 30th, 2024. Welcome to your daily real estate update! If you’re looking for the most current and comprehensive real estate information, you can find all our shows at SantaClaritaOpenHouses.com. It’s just after 5 AM, and I’m excited to dive into today’s market highlights.
Market Overview
We currently have 468 active real estate listings across all of Santa Clarita Valley, covering single-family residences, townhomes, and condos. Here’s the breakdown of our market activity over the past seven days:
Current Market Trends
The number of price changes has been increasing steadily over the past 8-9 weeks and now remains consistent at around 82. This trend, along with the steady influx of new listings, indicates a balanced yet active market. Despite the increased inventory, properties are still moving quickly, with typical market time frames ranging from 7 to 14 days in Santa Clarita Valley.
Even with the additional inventory, we are not seeing an overbuild that would shift the market from a seller’s to a buyer’s market. Properties are entering escrow almost as quickly as they are listed.
Insights for Buyers
For buyers, understanding the price per square foot is crucial. For example, a property at 15518 Nasturtium DR is listed at $799,999 with a price per square foot of $607.90. New listings such as 20419 Samual DR at $1,050,000 and 26312 Whispering Leaves DR at $759,000 offer fresh opportunities. Knowing the community details, such as subdivisions like California Bluffs and Hawks Pointe, can help you make informed decisions. Visit SantaClaritaOpenHouses.com to see the listings, photos, virtual tours, and all the statistics.
Advice for Sellers
Sellers should take note of competitive pricing strategies. Properties like 28254 Bakerton AVE listed at $1,040,000 and 30347 June Rose CT at $1,050,000 are prime examples. It’s also essential to understand market activities such as properties going back on the market. Check out SantaClaritaOpenHouses.com for detailed information on these listings.
Handling Inspections and Price Negotiations
Sellers should be prepared for buyers requesting repairs or credits post-inspection. While it’s a buyer’s right to request adjustments, sellers have the right to deny unreasonable demands. For instance, a request for a $3,000 price reduction due to minor electrical issues that cost significantly less to fix is not justified.
Looking Ahead
As we approach September, we anticipate a possible relaxation of interest rates, which could spur faster movements in the real estate market. If you’re a buyer, be prepared for increased competition. Ensuring you have the necessary financial tools and support will be crucial in navigating this competitive landscape.
Conclusion
I’ll continue to monitor the inventory and market trends closely and keep you updated. As we move into August, we’ll have a clearer picture of the market’s direction. Thank you for joining today’s update. I’m Connor with Honor, and I’m here whenever you’re ready to make your next move in the Santa Clarita real estate market.
Stay tuned for our Hump Day edition tomorrow. Be well, Santa Clarita Valley!
Connor MacIvor Connor with Honor SantaClaritaOpenHouses.com Over and out.
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