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No coming soon listings in Stevenson Ranch real estate · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Good day, everybody.
• 0:00
  SPEAKER_00: I am Connor.
• 0:01
  SPEAKER_00: I'm going to bring you the Stevenson Ranch Real Estate Update.
• 0:04
  SPEAKER_00: Today's Tuesday, November 26, 2024, just a couple days before Thanksgiving.
• 0:09
  SPEAKER_00: It's the 331st day of the year and week 48 of 2024.
• 0:15
  SPEAKER_00: Time flies, so let's get into the Stevenson Ranch market.
• 0:19
  SPEAKER_00: I'm going to give a quick overview of Santa Clarita, all the cities together to kind of give you an idea where we are, and then we'll jump into the Stevenson Ranch market itself.
• 0:29
  SPEAKER_00: So in Santa Clarita Valley, that includes all the cities, Castac, Kenyan Country, Newhall, Saugus, Stevenson Ranch, and Valencia.
• 0:37
  SPEAKER_00: I have Acton and Aqua Dulce also into that.
• 0:40
  SPEAKER_00: We have three properties coming soon.
• 0:42
  SPEAKER_00: 53 new listings have been placed on the market in the past seven days.
• 0:46
  SPEAKER_00: 56 properties saw price changes.
• 0:48
  SPEAKER_00: Most of those are going to be reductions.
• 0:50
  SPEAKER_00: I'll break into the Stevenson Ranch price reductions shortly.
• 0:53
  SPEAKER_00: 18 properties came back on the market.
• 0:56
  SPEAKER_00: This is giving buyers a second chance to act.
• 0:58
  SPEAKER_00: 23 properties are now under contact.
• 1:00
  SPEAKER_00: 33 properties went pending, which means they're getting very close to the finish line.
• 1:05
  SPEAKER_00: Typically, when a property goes pending, it means that it's almost done.
• 1:10
  SPEAKER_00: And usually all the negotiations have been finished, requests for repairs, those sorts of things.
• 1:15
  SPEAKER_00: So it's done.
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  SPEAKER_00: What does all this mean?
• 1:17
  SPEAKER_00: Well, it's a busy market with plenty of opportunities for buyers and sellers, but strategy is the key.
• 1:23
  SPEAKER_00: So let's zoom in on Stevenson Ranch where things get a little bit more specific.
• 1:27
  SPEAKER_00: I looked at a 30-day snapshot of sold listings.
• 1:31
  SPEAKER_00: This is the current inventory, though, so I'll give you that as far as the seven-day market snapshot.
• 1:36
  SPEAKER_00: In the past week, here's been here's what's happening in Stevenson Ranch.
• 1:40
  SPEAKER_00: No listings have been placed coming soon in the last seven days.
• 1:43
  SPEAKER_00: Five new listings did enter the for sale market.
• 1:46
  SPEAKER_00: Saw just one price change, which means most sellers are standing firm on their prices.
• 1:51
  SPEAKER_00: Three properties went under contract and one went pending.
• 1:55
  SPEAKER_00: Two properties closed successfully.
• 1:57
  SPEAKER_00: On the flip side, we did see two cancellations and two withdrawn listings.
• 2:02
  SPEAKER_00: These are things to pay attention to.
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  SPEAKER_00: If you're a buyer in this market, maybe those are opportunities for you, but you're going to need a savvy agent to be able to do those follow-ups and contact those particular sellers to see if in fact there's something, some kind of deal that can be worked out.
• 2:17
  SPEAKER_00: Now it's funny, you as sellers, real estate sellers in Stevenson Ranch, you want to get the most.
• 2:22
  SPEAKER_00: You as buyers in Stevenson Ranch want to get the most for the least.
• 2:26
  SPEAKER_00: So this is the way the dynamic works.
• 2:28
  SPEAKER_00: The activity that I talked about shows Stevenson Ranch is a tighter market compared to the broader Santa Clarita area.
• 2:35
  SPEAKER_00: Inventory is limited, and homes tend to sell quickly when priced competitively.
• 2:41
  SPEAKER_00: But the real story is in the 30-day trends.
• 2:43
  SPEAKER_00: 30-day Stevenson Ranch market trends.
• 2:46
  SPEAKER_00: I'm going to show you by diving numbers in this past month to see what buyers and sellers need to know.
• 2:52
  SPEAKER_00: Days on market time frames on average, homes in Stevenson Ranch are selling within 21 days.
• 2:57
  SPEAKER_00: Condos and town homes typically sell even faster, 10 to 15 days.
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  SPEAKER_00: Single family homes hover around 20 to 25 days, but highly desirable properties can go in under two weeks.
• 3:10
  SPEAKER_00: That's beginning to end on the market to closed that kind of time frame.
• 3:14
  SPEAKER_00: If we look at financing, this is interesting.
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  SPEAKER_00: Conventional loans dominate the market, accounting to over 80% of the total transactions.
• 3:23
  SPEAKER_00: Cash purchases, or to say cash purchases make up around 10%, often for condos or lower priced homes.
• 3:31
  SPEAKER_00: FHA VA loans are less common but are used for entry-level homes and also some town homes.
• 3:37
  SPEAKER_00: They have to be approved, though, to be able to allow for FHA and VA financing.
• 3:41
  SPEAKER_00: That's something to follow up with your lender and then maybe even your agent.
• 3:45
  SPEAKER_00: We should all know kind of what's approved for FHA, what's approved for VA, and so on.
• 3:51
  SPEAKER_00: As far as the townhome breakdown, we have two bedroom units ranging from$570,000 to$635,000.
• 3:58
  SPEAKER_00: Three-bedroom units range from$680 to$750,000.
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  SPEAKER_00: Single family residences, three-bedroom homes ranging from$830,000 to$870,000.
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  SPEAKER_00: Four-bedroom homes up around$900 to$1.2 million.
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  SPEAKER_00: And of course, five plus bedroom homes or four-bedroom homes with a lot of fancy amenities,$1.3 to$1.8.
• 4:17
  SPEAKER_00: As a buyer's perspective, for buyers, this is what you need to know.
• 4:21
  SPEAKER_00: Speed is key.
• 4:22
  SPEAKER_00: Average days on market are 21, so be prepared to act quickly.
• 4:26
  SPEAKER_00: Once that listing hits coming soon, you need to be prepared to try to get in or at least view that property via your agent.
• 4:34
  SPEAKER_00: If you don't have access to the coming soon listings, my suggestion is you go to Santa Clarita Openhouses.com forward slash coming soon, and you'll be able to get those.
• 4:44
  SPEAKER_00: I just need to know what city you're interested in.
• 4:46
  SPEAKER_00: And if it's Stevenson Ranch, ooh, just give me Stevenson Ranch and then I will get those to you at the moment they get placed on the market for sale.
• 4:55
  SPEAKER_00: Now, popular areas near parks like Richard Row Park or homes in quiet cul-de-sac do tend to sell fast.
• 5:03
  SPEAKER_00: Price reductions, you want to keep an eye on the homes with price adjustments or those back on the market, which we had a couple, those are great opportunities to negotiate a deal.
• 5:12
  SPEAKER_00: Here's a Connor with Honor Pro tip.
• 5:14
  SPEAKER_00: Make sure your financing is ready to go.
• 5:16
  SPEAKER_00: A strong pre-approval letter can set you apart in competitive bidding situations.
• 5:21
  SPEAKER_00: Don't overlook HOA's fee either.
• 5:24
  SPEAKER_00: HOA's fees either if you're buying a condo or a town home.
• 5:27
  SPEAKER_00: For sellers, here's what you need to find.
• 5:29
  SPEAKER_00: You want to price it right.
• 5:30
  SPEAKER_00: Homes priced right based on comparable sales are selling within two weeks.
• 5:35
  SPEAKER_00: Overpricing can backfire, extending your time on market.
• 5:38
  SPEAKER_00: Highlight your home's features.
• 5:40
  SPEAKER_00: Showcase Stevenson ranches family-friendly appeal, energy efficient upgrades, and proximity to top-rated schools.
• 5:47
  SPEAKER_00: Be flexible in negotiations.
• 5:49
  SPEAKER_00: Buyers might request concessions on closing costs or small repairs, but it's definitely worth considering to close the deal quickly.
• 5:57
  SPEAKER_00: In addition, if they're asking for repairs and you're offering some kind of credit, make sure that credit is based on all, in lieu of all repairs, to cover yourself.
• 6:08
  SPEAKER_00: Now, as far as my closing thought Stevenson ranch does remain one of the most desirable neighborhoods in the Santa Clarita Valley, with its stunning homes, great schools, and proximity to major freeways.
• 6:18
  SPEAKER_00: It's no wonder properties here move quickly.
• 6:22
  SPEAKER_00: Whether you're a buyer looking for your dream home or a seller hoping to make a smooth transition, having the right information and strategy is key.
• 6:30
  SPEAKER_00: As always, I'm here to serve.
• 6:33
  SPEAKER_00: When you're ready, you can reach out to me, Connor with Honor, your first respondent realtor, and make sure you check out the latest listings at Santa Clarita Openhouses.com, or of course, reach out to me directly, and I'll be able to give you those coming soon listings as well for Stevenson Ranch or whatever other Santa Clarita Valley City you're interested in.
• 6:54
  SPEAKER_00: Be good to each other.
• 6:55
  SPEAKER_00: I know it's Thanksgiving week.
• 6:56
  SPEAKER_00: Real estate's still selling, people are still looking at houses, and sellers that are on the market are very serious this time of year.
• 7:03
  SPEAKER_00: So if you're a real estate buyer, don't be scared of those listing prices.
• 7:07
  SPEAKER_00: Make your offer accordingly and make sure your agent backs it up with those current comparables.
• 7:13
  SPEAKER_00: It's going to be valuable, but you might actually get something that you might not be able to get in a few months because of the way the market is currently.
• 7:21
  SPEAKER_00: I'm Connor with Honor.
• 7:22
  SPEAKER_00: Thanks for watching.
• 7:23
  SPEAKER_00: Be well, Santa Clarita.