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Stevenson ranch home sold for 50k more in September 2024 what sellers are giving
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Stevenson ranch home sold for 50k more in September 2024 what sellers are giving
Connor “with Honor” MacIvor - September 28, 2024** 0 Comments | Add Comment
Welcome back, folks! Connor with Honor here, and today is day 272 of 2024, that’s right, Saturday, September 28th, and we’ve got your weekly Santa Clarita Real Estate Market update. If you’ve been wondering what’s happening with the market, buckle up, because these numbers tell a powerful story!”
Market Overview
“Let’s dive right into the numbers for this past week in the Santa Clarita Valley:
Right now, we’re looking at 528 active residential real estate listings for sale in the Santa Clarita Valley. That’s your current inventory as of today.”
Analysis & Trends
“Now, what does this mean for buyers and sellers in Santa Clarita? Well, the 71 price changes suggest that some sellers are adjusting their expectations, likely due to the current interest rate environment. With 57 new listings, we still see inventory entering the market, but as 31 homes went under contract and 47 went pending, it’s clear that there’s still plenty of buyer activity despite any hesitancy.
The 63 closed homes this week show that deals are still getting done, but keep an eye on the 14 cancellations and 5 expireds — this tells us that not every listing is finding its buyer right away. Proper pricing is essential right now.”
Relating Current Headlines to Santa Clarita
“Let’s talk about what’s in the news. Headlines across real estate are buzzing about cooling national markets, but how does that relate to Santa Clarita?
The national cooling doesn’t hit us as hard here in Santa Clarita. Why? It’s the inventory! With 528 active listings, we’re still seeing demand. Buyers, especially here, are trying to lock in homes before rates fluctuate further. Sellers, if you’re thinking about listing, make sure your home is competitively priced to stand out among these price changes and new listings.”
Conclusion
“So, what does this mean for you? Buyers, now is the time to get into those homes that are back on the market or had price changes. Sellers, if you’re serious, proper pricing and presentation will make all the difference. That’s your Santa Clarita Market Watch update for Saturday, September 28th, 2024.
Don’t forget to visit SantaClaritaOpenHouses.com for all your real estate needs, and let me know if you have any questions!
Homes Sold Above Listing Price in Stevenson Ranch: A Competitive Market
The Stevenson Ranch real estate market continues to showcase its competitive edge, with multiple homes selling above their listing prices. This is a clear indication of strong buyer demand, driven by the area’s appealing features such as top-rated schools, proximity to essential amenities, and a wide variety of housing options.
Homes That Sold Above Asking Price:
Concessions and Flexibility in a Competitive Market
While most homes sold without concessions, there were some notable cases where sellers offered incentives to attract buyers. This suggests that even in a competitive market, sellers might need to show some flexibility to close the deal, especially for properties requiring updates or repairs.
Financing Trends in Stevenson Ranch
In terms of financing, Conventional loans were the most common among buyers in Stevenson Ranch, followed by Cash transactions. FHA and VA loans were also used, reflecting the diversity of financing options available to buyers in this market.
What This Means for Sellers and Buyers
The Stevenson Ranch market remains dynamic and competitive, with homes that feature desirable amenities—like pools, updated kitchens, or solar systems—attracting significant interest and even selling above asking price. While concessions aren’t the norm, offering them in specific circumstances can make the difference between a delayed sale and a successful transaction.
Sellers: To stand out in this competitive market, focus on pricing your home strategically and presenting it in the best possible light. Consider offering incentives if your property needs minor improvements or repairs.
Buyers: Be prepared to act quickly. Homes in Stevenson Ranch are moving fast, and conducting thorough research before making an offer will help you secure the home you want without overpaying.
If you’re considering buying or selling a home in Stevenson Ranch, I’d be happy to offer personalized guidance and insights to help you navigate this competitive market. Reach out to me, Connor MacIvor, your local Santa Clarita and Stevenson Ranch Realtor with Honor Real Estate. Let’s get your next home sold or found!
For more information, visit SantaClaritaOpenHouses.com.
Stevenson Ranch Real Estate Market: Insights for Buyers and Sellers
By Connor MacIvor, Your Local Santa Clarita and Stevenson Ranch Realtor
Stevenson Ranch continues to be a sought-after community for those seeking a blend of suburban tranquility and convenient access to urban amenities. If you’re considering buying or selling a home in this vibrant market, here’s a closer look at some key trends and insights gleaned from recent sales data.
Price Dynamics
Market Activity
Property Diversity
Financial Factors
Seller’s Perspective
Buyer’s Perspective
Beyond the Numbers
Remember, this is just a snapshot of the Stevenson Ranch real estate market. If you’re considering buying or selling, let’s connect to discuss your specific goals and how we can navigate this dynamic market together.
Key Findings:
Implications for Sellers:
Implications for Buyers:
Additional Considerations:
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