Latest / Connor with Honor: AI, Real Estate and Real Life / Christmas Day 2024 Real Estate Update for Saugus, CA: Presented by Connor with Honor
Transcript
- 0:00everybody it is Christmas Day and I gotta tell you I've never been happier this is 2024 we are gonna talk about all overall Santa Clarita Valley what's happening then we're gonna get into Saugus specific for the real estate update for today yesterday was the Stevenson Ranch update and then tomorrow of course will be new haul but Merry Christmas to everybody and may your New Year be fantastic looking at that seven day snapshot getting into that past seven days all of Santa Clarita 52nd week 3 hundred and sixtieth day love 2024 and it is of course a leap year we have 12 coming soon listings hitting the market if you wanna see those you actually have to have those emailed to you via the board of Realtors I'll send those to you just go to Santa Clarita openhouses com forward slash coming soon 20 new listings 18 properties feather prices changed thirteen properties have gone back onto the market during this last week that's got to be stressful for those sellers out there that thought they had their property sold and now they don't god bless you guys work on and I thumb sure it'll work out probably not a seller and home issue a lot of times when these things cancel it's a buyer issue not just they change their mind but in a lot of cases they went out and opened up a credit card or maybe paid something off and didn't get the lenders proper vetting if you're going to pay anything off even within the lending process or an escrow even though for all intents and purposes that makes complete sense to try to improve your Fico score maybe get a better rate you need to bless that have that blessed by estate lender just to make sure it's actually something that you should be doing again I'm gonna use the term throw caution to the wind we don't wanna do that we don't want to just get rid of caution before you pay anything off make sure you vet it with your lender and then get that response and email asking them straight up especially if they say sure no problem everything's gonna be great follow it up on an email and say Jack let just to make sure I understood this correctly should I can I may I without pay off this credit card or get this serious card serious isn't even in business or whatever it may be okay so we have those 13 went back on the market 33 properties in escrow 24 gone pending so that's over 50 something properties that are currently in the escrow process during Christmas we have 55 properties that closed this past week seven expired 10 cancel 13 have been put on hold none have been withdrawn looking at sagas overall this is what's gonna be what what's happening local market now currently of this the average list price $925,000
- 2:47medium list 8: 00 30 average days on market 72 and we're looking at 73 total active listings in Saugus specifically medium list price there 5 99 average price per square foot 460 bucks median days on market 44 we can look at the past transactions you can find those at Santa Clarita Openhouses as well dot com of course
- 3:11now median sales price 7: 00 27 average list of sales price ratio 1 0 1.8 higher than Stevenson Ranch which was 97% yesterday I think Valencia was running 100 so 1 0 1.8 that means sagas listings are actually getting more than the sellers expected when they put their properties on the market depending of course on their pricing strategy maybe they went in specifically and price them a little lower to try to get more money and that does happen plentiful amount of real estate buyers jocking for position and maybe and we do see this we school changes happen at this time of year as well bigger school changes of course happen during the summertime in a traditional year here in Santa Clarita Valley okay median days to close 35 days so have 44 days on market medium about 35 days to close that's very common for most loan programs FHA and VA sometimes have a difficulty closing in that kind of speed but we do see lenders that are very nimble especially in the mortgage broker realm and I have a couple that are just wonderful at that they can get these things closed rather quickly just as fast in some cases as conventional loans which of those 24 cent down types of course there's variables in that as well alright so looking at FHA loans those properties listed below 600,000 modern competition FHA loan loans seem to be used more than any other conventional loans were looking at property prices between 600 900,000 cash offers which is interesting above $1 million faster closing times we're seeing though those are cash buyers at least in Saugus California over $1 million something just to consider when you're writing your offer now we're gonna expect in 2025 for sagas and the rest of the Santa Cruta Valley to experience that gradual stabilization of interest rates and that's gonna just basically pretty much meaning that's gonna remain the same through most of the year just because of the economy improving more than likely interest rates are probably gonna stay pretty much where they are and we're gonna see by our confidence also the markets gonna start to normalize a little bit more so instead of the days on market time frames being under 30 and 40 we're probably gonna see that increase over next year while we do see a lot of supply and demand issues still existing it's starting to clear up in a lot of places also sellers are getting to that critical mass especially because of the election they're saying you know what maybe we'll get out of California especially if they're more on the conservative side it seems going to some other state that might be more conservative friendly now it's gonna depend I just love it out here yes I'm conservative yes I voted for Trump yes I get a lot of hate for that because one person had asked and one person didn't like it and then of course I did the video on it and that whole thing I I stand by it just like you asked me who you know my Lord and savior is Jesus Christ again hate for all you want but at least I'm upfront and honest about the system now looking continue to man in Santa Cruta neighborhoods due to proximity to Los Angeles and family friendly amenities there's a big buyer drive out here also there are competitive pricing models that are probably going to occur next year probably more competitive than we see now but that typically happens as we get into the spring and summer months there's gonna be higher competition with buyers and also higher competition amongst real estate sellers because you're gonna have your neighbor's properties also on the market at the same time these are definitely things to consider and as we get in January that usually we start to see that uptick in real estate listing so as of this morning we're about 4 75 all in all residential real estate for sale and all of Santa Clarita Valley combined we're probably gonna see that number jump to six or seven by March I would guess Connor MacIvor please let me know when you're ready to approach real estate don't forget if you go to Santa Clarita Openhouses com I have my book front front and center there you can buy it off of Amazon just lots of tips in that book in addition the reason why I wrote it is because so many things happen in escrow process that that that aren't enough by our investigations for example yes you're the home inspection but what are you looking at the property are you looking at the property from actually living in the property you're gonna have to deal with neighbors potentially especially if you have shared fences shared walls and maybe they're in not so great shape maybe you have trees from your neighbors moving over on on your side of the property maybe over the fence line branches only but again these are things to look at how are you going to deal with those neighbors so what I always suggest to my buyers and here's your buyer tip for the day make sure you go and door knock those neighbors in closest proximity to the residents that you're going to be buying course for condominium some town homes that should be a no brainer but again if you're not thinking of that you gotta go see who your neighbors are you gotta go meet them are your renters do you do you own this property you know is it you kids that love to play at all hours of the night you know who's living here that's good to know and then on side of it if you are buying in a single family residence type of home you wanna see those neighbors that are gonna have their property lines up against yours and of course the ones across the street if your property is configured in that way it's just nice to meet him you know and take everybody take and I always take my clients them with me we'll go bang on the door say I'm Connor MacIvor I'm the real estate agent of these folks they're gonna be buying the Tricia and Todd they're gonna be buying this house we're actually in escrow can you tell us a little bit about the neighborhood I stop and then they just they just usually if you find the chatty Kathy no Kathy's out there they usually just go crazy and they talk all about the neighborhood you'll eventually find that person that let you know everything probably more than you really wanna know I'm Connor with honor thank you so much for watching today show will be will be back tomorrow for Newhall's and thanks for watching Merry Christmas God bless and I hope you and your families are fantastic and if you've talked to anyone on my end wish them well be well especially in a market where there are a