Latest / Connor with Honor: AI, Real Estate and Real Life / Saugus California real estate update by Connor with Honor, the first responder realtor

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Saugus California real estate update by Connor with Honor, the first responder realtor · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: All right, so let's uh let's jump into this Christmas Day real estate update for you.
• 0:05
  SPEAKER_00: Yeah.
• 0:05
  SPEAKER_00: We're gonna be focusing on the Santa Clarita Valley, um, specifically Saugus.
• 0:10
  SPEAKER_01: Okay.
• 0:11
  SPEAKER_00: And you know, our source today is a little unconventional.
• 0:16
  SPEAKER_00: It's a festive Christmas day market snapshot from a local real estate agent.
• 0:22
  SPEAKER_00: So if you're out there and you're dreaming of a new home in Saugus, well, we've got all the info for you.
• 0:27
  SPEAKER_01: Yeah, this is definitely uh a unique time to be looking at the market, I would say.
• 0:32
  SPEAKER_00: Right.
• 0:32
  SPEAKER_01: This uh insider perspective should give us a good sense of what's happening, you know, like right now on the ground.
• 0:38
  SPEAKER_00: For sure, for sure.
• 0:39
  SPEAKER_01: Right.
• 0:39
  SPEAKER_00: Yeah, so let's start with a quick overview of the Santa Clarita market from the past week.
• 0:43
  SPEAKER_01: Okay.
• 0:44
  SPEAKER_00: We saw twelve new listings coming soon, right?
• 0:47
  SPEAKER_00: 20 brand new listings hitting the market and 18 price adjustments.
• 0:51
  SPEAKER_01: Wow.
• 0:52
  SPEAKER_00: That's a lot of activity, even for Christmas week.
• 0:54
  SPEAKER_01: Yeah, it is.
• 0:55
  SPEAKER_01: And you know what's really fascinating to me is the number of properties that went back on the market.
• 1:00
  SPEAKER_00: Oh, really?
• 1:01
  SPEAKER_01: 13 in total?
• 1:02
  SPEAKER_01: That's unusual for this time of year.
• 1:04
  SPEAKER_00: Yeah, that's a real bummer for those sellers, you know, and the buyers too.
• 1:07
  SPEAKER_01: Yeah.
• 1:07
  SPEAKER_00: Imagine, you know, thinking you've sold your house and then bam, suddenly it's back on the market.
• 1:12
  SPEAKER_01: Yeah.
• 1:13
  SPEAKER_00: What what could be causing this?
• 1:14
  SPEAKER_00: Yeah.
• 1:15
  SPEAKER_00: You know, like a mid-holiday scramble.
• 1:17
  SPEAKER_01: Well, you know, our agent source suggests it often comes down to financing.
• 1:22
  SPEAKER_00: Okay.
• 1:22
  SPEAKER_01: It seems some buyers, you know, they're they're making financial decisions during escrow without consulting their lender.
• 1:29
  SPEAKER_00: Aaron Ross Powell Oh, so like maybe they're thinking they're helping their situation.
• 1:32
  SPEAKER_01: Aaron Ross Powell Right, exactly.
• 1:33
  SPEAKER_01: Like maybe they make a big purchase or pay off some debt thinking, oh, this will help me qualify for the loan.
• 1:38
  SPEAKER_01: But actually, those moves can impact loan approvals.
• 1:42
  SPEAKER_00: Oh wow.
• 1:43
  SPEAKER_00: So even a a seemingly positive change could throw a wrench in the process.
• 1:46
  SPEAKER_00: Absolutely.
• 1:47
  SPEAKER_00: Aaron Powell So it sounds like clear and consistent communication with your lender is really crucial.
• 1:52
  SPEAKER_01: Yes.
• 1:53
  SPEAKER_00: Throughout that whole home buying journey.
• 1:55
  SPEAKER_01: The entire time, yep.
• 1:56
  SPEAKER_00: All right.
• 1:56
  SPEAKER_00: Well, let's zero in on SAGUS now.
• 1:58
  SPEAKER_01: Okay.
• 1:58
  SPEAKER_00: The average list price is currently$925,000.
• 2:02
  SPEAKER_00: Wow.
• 2:03
  SPEAKER_00: With a median list price of$830,000.
• 2:06
  SPEAKER_01: Right.
• 2:07
  SPEAKER_00: And we're also seeing an average of 72 days on the market.
• 2:10
  SPEAKER_01: Okay.
• 2:11
  SPEAKER_00: But that number can be a bit misleading.
• 2:13
  SPEAKER_01: Aaron Powell Okay.
• 2:14
  SPEAKER_01: How so?
• 2:15
  SPEAKER_01: What are we missing?
• 2:16
  SPEAKER_00: Well, the median number of days on the market is 44.
• 2:18
  SPEAKER_01: Oh, wow.
• 2:19
  SPEAKER_00: Which is significantly lower than the average.
• 2:21
  SPEAKER_01: Aaron Powell That's a big difference.
• 2:22
  SPEAKER_00: Aaron Powell It is a big difference.
• 2:23
  SPEAKER_01: Yeah.
• 2:24
  SPEAKER_00: This tells us that while some homes might linger, a lot of them are selling really quickly.
• 2:29
  SPEAKER_01: Yeah.
• 2:29
  SPEAKER_00: Which points to that strong demand in Saugus.
• 2:31
  SPEAKER_01: Aaron Powell, makes sense.
• 2:32
  SPEAKER_01: Yeah.
• 2:32
  SPEAKER_00: Yeah.
• 2:32
  SPEAKER_00: So it's kind of a fast-paced market even during the holidays.
• 2:35
  SPEAKER_01: Right.
• 2:36
  SPEAKER_00: What else stands out in this August data?
• 2:38
  SPEAKER_01: Aaron Powell The list to sales price ratio is particularly interesting.
• 2:42
  SPEAKER_01: In Saugus, it's 101.8%.
• 2:45
  SPEAKER_00: Okay.
• 2:46
  SPEAKER_01: Higher than both Stevenson Ranch and Valencia.
• 2:49
  SPEAKER_00: Aaron Powell So for our listener, what exactly does that list to sales price ratio tell us?
• 2:54
  SPEAKER_01: Aaron Powell Okay.
• 2:54
  SPEAKER_01: So imagine the average house in Saugus listed at$925,000 actually sells for slightly more than that on average.
• 3:03
  SPEAKER_01: That's what this ratio means.
• 3:04
  SPEAKER_01: Sellers in Saugus are often getting more than their asking price.
• 3:08
  SPEAKER_00: Wow.
• 3:08
  SPEAKER_01: Which is a clear sign of a competitive market.
• 3:11
  SPEAKER_00: Aaron Powell That's definitely good news if you're selling in Saugus.
• 3:14
  SPEAKER_00: What about financing trends in the area?
• 3:16
  SPEAKER_01: We're seeing a clear pattern based on price point.
• 3:19
  SPEAKER_00: Okay.
• 3:20
  SPEAKER_01: For homes priced under$600,000, FHA loans are the most common.
• 3:25
  SPEAKER_01: Okay.
• 3:25
  SPEAKER_01: Between$600,000 and$900,000, conventional loans are prevalent.
• 3:30
  SPEAKER_01: But here's the most intriguing part.
• 3:32
  SPEAKER_01: For homes over$1 million, cash offers are king.
• 3:37
  SPEAKER_00: Cash offers over a million dollars.
• 3:39
  SPEAKER_00: Yes.
• 3:39
  SPEAKER_00: That's a whole other level of buyer.
• 3:41
  SPEAKER_01: It is.
• 3:42
  SPEAKER_00: What does that tell us about the sagas market?
• 3:44
  SPEAKER_01: It suggests a couple of things.
• 3:46
  SPEAKER_01: First, buyers in that higher price bracket tend to be well capitalized, maybe even investors.
• 3:51
  SPEAKER_01: Right.
• 3:52
  SPEAKER_01: Second, you know, a preference for cash offers kind of hints at a desire for quicker closings.
• 3:57
  SPEAKER_01: Right.
• 3:57
  SPEAKER_01: With fewer contingencies.
• 3:59
  SPEAKER_01: Makes sense.
• 4:00
  SPEAKER_01: It's a dynamic that speaks to the desirability of sagas, even amidst, you know, potential market shifts.
• 4:05
  SPEAKER_00: Interesting.
• 4:06
  SPEAKER_00: Interesting.
• 4:06
  SPEAKER_00: Okay.
• 4:07
  SPEAKER_00: So we've got, you know, a fast-paced market, strong demand, and a good amount of cash buyers.
• 4:13
  SPEAKER_00: What's the outlook for SAUGUS in 2025?
• 4:16
  SPEAKER_01: Well, our source predicts some interesting shifts.
• 4:18
  SPEAKER_01: First, they anticipate a gradual stabilization of interest rates and sagas and throughout the Santa Clarita Valley.
• 4:25
  SPEAKER_00: Stabilization.
• 4:26
  SPEAKER_00: So no like dramatic drops or spikes.
• 4:29
  SPEAKER_01: Right, exactly.
• 4:30
  SPEAKER_00: That could be good news for buyers and sellers.
• 4:32
  SPEAKER_01: Yeah.
• 4:33
  SPEAKER_00: You know, create more predictability in the market.
• 4:35
  SPEAKER_01: Absolutely, yeah.
• 4:36
  SPEAKER_01: But you know, it's important to remember that interest rates are just one piece of the puzzle.
• 4:40
  SPEAKER_00: Right.
• 4:41
  SPEAKER_01: Other factors can influence market dynamics just as much.
• 4:44
  SPEAKER_00: For sure.
• 4:45
  SPEAKER_01: Our source also predicts a normalization of the market in 2025.
• 4:49
  SPEAKER_00: Normalization.
• 4:50
  SPEAKER_00: What exactly does that mean for Saugus?
• 4:52
  SPEAKER_01: Well, we might see those days on markets start to creep up a bit.
• 4:55
  SPEAKER_01: Meaning homes could take a little longer to sell.
• 4:58
  SPEAKER_01: Got it.
• 4:58
  SPEAKER_01: It won't necessarily be a buyer's market.
• 5:00
  SPEAKER_00: Right.
• 5:01
  SPEAKER_01: But things could start to balance out a bit.
• 5:03
  SPEAKER_00: Okay.
• 5:03
  SPEAKER_00: That makes sense.
• 5:04
  SPEAKER_00: What about inventory levels?
• 5:06
  SPEAKER_00: Any predictions there?
• 5:07
  SPEAKER_01: Aaron Powell This is where things get really interesting.
• 5:09
  SPEAKER_00: Okay.
• 5:10
  SPEAKER_01: Our source points to the political climate as a potential factor influencing inventory in 2025.
• 5:17
  SPEAKER_00: Okay.
• 5:18
  SPEAKER_01: Some sellers, particularly those with conservative leanings, might be considering moving out of California to states with policies that align more with their values.
• 5:27
  SPEAKER_00: Aaron Powell That's a fascinating point.
• 5:28
  SPEAKER_00: It's certainly something to watch, especially in a community like SAGUS.
• 5:32
  SPEAKER_01: Yeah.
• 5:32
  SPEAKER_00: If a significant number of sellers do decide to relocate, could that lead to like a surge in inventory?
• 5:38
  SPEAKER_01: It's possible, yeah.
• 5:39
  SPEAKER_00: And how would that impact buyers and sellers in Saugus?
• 5:42
  SPEAKER_01: Well, it's a valid question.
• 5:44
  SPEAKER_01: A surge in inventory could create more options for buyers and potentially shift the market dynamics.
• 5:49
  SPEAKER_01: Right.
• 5:50
  SPEAKER_01: However, it's important to remember that Santa Clarita and Sauga specifically remain highly desirable areas.
• 5:56
  SPEAKER_00: Absolutely.
• 5:57
  SPEAKER_00: With its proximity to Los Angeles and all those fantastic family-friendly amenities, Santa Clarita continues to draw a lot of interest.
• 6:05
  SPEAKER_01: Exactly.
• 6:06
  SPEAKER_01: So even with the potential for increased inventory, competition is likely to remain strong.
• 6:12
  SPEAKER_01: Okay.
• 6:13
  SPEAKER_01: Especially during those peak buying seasons of spring and summer, we might see more competitive pricing strategies from both buyers and sellers.
• 6:22
  SPEAKER_00: It sounds like 2025 is shaping up to be a dynamic year for SAGUS real estate.
• 6:28
  SPEAKER_00: A lot of factors at play.
• 6:30
  SPEAKER_00: Now, before we wrap up, our agent source also shared kind of a unique piece of advice for buyers.
• 6:37
  SPEAKER_00: They call it a buyer tip.
• 6:38
  SPEAKER_01: Oh, yes, the door knocking strategy is a good one.
• 6:42
  SPEAKER_00: So instead of just scoping out the house itself, they're suggesting buyers actually like knock on doors and chat with potential neighbors before making an offer.
• 6:50
  SPEAKER_00: Yeah.
• 6:51
  SPEAKER_00: What a great way to get a feel for the community.
• 6:53
  SPEAKER_01: Right.
• 6:53
  SPEAKER_01: It's all about remembering that buying a home isn't just about the property.
• 6:57
  SPEAKER_01: It's about joining a community.
• 6:59
  SPEAKER_00: Right.
• 6:59
  SPEAKER_01: And who better to give you the inside scoop on neighborhood dynamics than the people who live there?
• 7:05
  SPEAKER_00: You're absolutely right.
• 7:06
  SPEAKER_00: You could uncover all sorts of valuable information.
• 7:08
  SPEAKER_00: Yeah.
• 7:09
  SPEAKER_00: The friendliness of the neighbors.
• 7:10
  SPEAKER_01: Of course.
• 7:11
  SPEAKER_00: Like those little quirks that make a neighborhood special.
• 7:13
  SPEAKER_01: Exactly.
• 7:14
  SPEAKER_01: And let's be honest, sometimes those little quirks can make or break your experience in a new neighborhood.
• 7:20
  SPEAKER_00: I could definitely see that.
• 7:22
  SPEAKER_00: Imagine finding your dream home, only to discover that your next door neighbor has a rooster that crows at the crack of dawn every morning.
• 7:29
  SPEAKER_01: Oh no.
• 7:30
  SPEAKER_00: That could put a damper on your home sweet home bliss.
• 7:34
  SPEAKER_00: But jokes aside, this door knocking strategy highlights, I think, a crucial aspect of buying real estate.
• 7:41
  SPEAKER_01: It does.
• 7:42
  SPEAKER_01: It underscores the importance of informed decision making before you commit to a property.
• 7:48
  SPEAKER_01: Take the time to really understand the community you'd be joining.
• 7:52
  SPEAKER_01: Right.
• 7:52
  SPEAKER_01: Talk to the people who live there, get their perspective, and see if it aligns with your lifestyle and expectations.
• 7:58
  SPEAKER_00: I think that's such a valuable takeaway, especially in a market as competitive as SAGUS.
• 8:03
  SPEAKER_01: Yeah, definitely.
• 8:04
  SPEAKER_00: It's a way to show sellers that you're not just another buyer.
• 8:07
  SPEAKER_00: You're genuinely interested in becoming part of their community.
• 8:10
  SPEAKER_01: Yeah.
• 8:11
  SPEAKER_01: It's like you're not just buying a house, you're buying into a whole lifestyle.
• 8:14
  SPEAKER_00: Exactly.
• 8:15
  SPEAKER_01: So it's good to know what you're getting into.
• 8:17
  SPEAKER_00: For sure.
• 8:17
  SPEAKER_01: All right.
• 8:18
  SPEAKER_01: So let's kind of recap what we've uncovered in this Christmas Day Saugus real estate update.
• 8:24
  SPEAKER_01: Okay.
• 8:25
  SPEAKER_01: We've got potential stabilization of interest rates.
• 8:28
  SPEAKER_01: Right.
• 8:28
  SPEAKER_01: A market that might be starting to normalize a little bit and the possibility of increased inventory due to that political climate.
• 8:37
  SPEAKER_00: Yeah.
• 8:37
  SPEAKER_00: Yeah, it's interesting.
• 8:38
  SPEAKER_01: But even with all those potential changes, Saugus remains a highly sought-after area.
• 8:44
  SPEAKER_00: Right.
• 8:44
  SPEAKER_01: Strong demand and competitive pricing, especially as we head into spring and summer.
• 8:48
  SPEAKER_00: Yeah, definitely a lot to consider.
• 8:51
  SPEAKER_01: So for our listener who's eager to navigate this sagas real estate scene, what's the biggest takeaway from all of this?
• 8:57
  SPEAKER_01: What should they be thinking about?
• 8:58
  SPEAKER_00: Aaron Powell I'd say the key is to really understand how those bigger trends like interest rates and the political landscape could impact the sagas market specifically.
• 9:09
  SPEAKER_01: You know, those national forces can create ripples that influence local inventory and demand.
• 9:14
  SPEAKER_01: Aaron Powell Right.
• 9:14
  SPEAKER_00: So it's almost like connecting the dots between those national trends and what's happening on the ground in Saugus.
• 9:20
  SPEAKER_01: The more you understand those connections, the better equipped you'll be to make informed decisions.
• 9:24
  SPEAKER_00: Mm-hmm.
• 9:25
  SPEAKER_00: Whether you're buying or selling.
• 9:27
  SPEAKER_01: Exactly.
• 9:28
  SPEAKER_00: Well, I feel like we've unwrapped some valuable insights today, even on Christmas Day.
• 9:32
  SPEAKER_00: Who knew real estate could be so festive?
• 9:35
  SPEAKER_00: To our listener, we hope this deep dive has given you a clearer picture of the Saugus real estate landscape.
• 9:41
  SPEAKER_00: Keep those national trends in mind, do your research, and hey, maybe even try a little door knocking.
• 9:48
  SPEAKER_00: Best of luck in your real estate endeavors.
• 9:50
  SPEAKER_01: Happy holidays, and may all your real estate decisions be merry and bright.