Latest / Connor with Honor: AI, Real Estate and Real Life / New CA fire law could halt your home sale dead in it's tracks

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New CA fire law could halt your home sale dead in it's tracks · Connor with Honor: AI, Real Estate and Real Life

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  SPEAKER_00: It's just 5 22 a.m.
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  SPEAKER_00: We're going to do the real estate update for the 20th, and I wanted to let you know that if you own a home in Barn Valley, the state of California just signed a new law that will directly impact your property line, could affect your insurance and your future sales.
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  SPEAKER_00: So we're going to cover what that means for you right after we break down this week's powerful market numbers for the Santa Clarita Valley.
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  SPEAKER_00: Now, for those of you who don't know me, I'm a full-time realtor, and my mission here is to bring clarity and strategy to your real estate goals.
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  SPEAKER_00: We're looking at the real on-the-ground market activity for Santa Clarita.
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  SPEAKER_00: That's going to be Valencia, Saugus, New Hall, Canyon Country, Castac Stevenson Ranch, and yes, Acton and Aquaville Say too for the seven-day period ending September 20th, 2025.
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  SPEAKER_00: Now, the new California fire law.
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  SPEAKER_00: First, big news out of Sacramento, Assembly Bill 3074 was just signed, creating a mandatory ember-resistant zone within five feet of every home.
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  SPEAKER_00: What it means, homeowners will be required to remove combustible materials like bark, flammable plants, wood piles, and even wooden fences that attach directly to the house within its five-foot perimeter.
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  SPEAKER_00: And in high uh why it matters here in a high-fire area like the SCV, this is a game changer for homeowner safety, property maintenance, and potentially your insurance rates.
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  SPEAKER_00: While it may seem like another regulation, and it is, it's about protecting your investment in our community.
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  SPEAKER_00: And whether you agree or not, it's definitely in play and it's part of the process.
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  SPEAKER_00: So if you're thinking about selling next year, getting ahead of this might be critical for your property's appeal and compliance.
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  SPEAKER_00: If you have questions about what this means for your specific home, I'm here to help and navigate it.
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  SPEAKER_00: Now the seven-day deep dive.
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  SPEAKER_00: Let's get into the numbers for our local board of realtors.
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  SPEAKER_00: This is the real pulse of our market.
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  SPEAKER_00: We have this week, we saw 75 new homes officially hit the market, plus another three properties went up as coming soon, creating some of the shadow inventory that savvy buyers are keeping an eye on.
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  SPEAKER_00: And as far as demand goes, going into escrow properties, the demand side is incredibly active.
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  SPEAKER_00: A total of 78 homes went into escrow this week.
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  SPEAKER_00: That breaks down to 49 properties going into pending status and another 29 accepting backup offers under the active under contract status.
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  SPEAKER_00: This tells us buyers are out there and they are writing offers.
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  SPEAKER_00: Bottom line, sold, more importantly, 51 families officially closed escrow, got their keys in the last seven days.
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  SPEAKER_00: The data on these sales is telling the median time on the market was just 29 days, and on average, homes sold 98.9% of their original listing price.
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  SPEAKER_00: That means sold prices for these homes was around a strong 750,000 as far as median sales prices.
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  SPEAKER_00: Now you might wonder how I track all this data.
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  SPEAKER_00: I put some implementations in place via Santa Clarita Artificial Intelligence.
• 2:49
  SPEAKER_00: You can join the community at Santa Clarita AI.
• 2:51
  SPEAKER_00: It's free, and it will keep you abreast on what's happening on the AI front here in the local venue and of course nation and worldwide.