Latest / Connor with Honor: AI, Real Estate and Real Life / Saugus California real estate with a glimpse in a neighborhood I have localized interest in by Saugus High School
Transcript
- 0:00SPEAKER_00: Good day, everybody.
- 0:00SPEAKER_00: Welcome to the 12th of September 2025.
- 0:04SPEAKER_00: A lot's been going on.
- 0:05SPEAKER_00: I know that we've been doing some uh video updates regarding Charlie Kirk, and uh he absolutely will be missed.
- 0:12SPEAKER_00: What a phenomenal, what a phenomenal individual.
- 0:14SPEAKER_00: All right, so let's get into what's happening here in Saugas, California.
- 0:17SPEAKER_00: We've been monitoring this particular market for many, many years now, looking at single family residences.
- 0:23SPEAKER_00: First thing I'm gonna start with uh overall Santa Clarita Valley, and then we'll move into what's happening here in Saugus.
- 0:29SPEAKER_00: I'm gonna take a snapshot of uh one mile radius from Saugus High School.
- 0:34SPEAKER_00: So a quick scan of the entire Santa Clarita Valley market with a laser focused look at Saugus within a one mile radius of a neighborhood by Saugas High for buying or selling anywhere in SCD.
- 0:44SPEAKER_00: These numbers matter, so let's roll.
- 0:46SPEAKER_00: All right, so right now all across Santa Clarita Valley.
- 0:48SPEAKER_00: This week we're looking at a strong churn.
- 0:50SPEAKER_00: We have eight coming soon listings, 79 new listings, 99 price changes, 28 properties went back on market, 36 properties went under contract, 49 properties went into pending status, also under contract, but deeper.
- 1:03SPEAKER_00: 52 closed this week, which means sold, which is down.
- 1:06SPEAKER_00: 11 expired, 15 canceled, 19 put on hold, and six have been withdrawn.
- 1:10SPEAKER_00: Price reductions remain elevated, which keeps motivated buyers engaged and gives sellers a realty, a reality check on listing strategy.
- 1:18SPEAKER_00: The back on market count shows some deals are wobbling, usually condition, appraisal, or buyer financing.
- 1:24SPEAKER_00: So clean prep, tight disclosures, and real pre-approval still are going to win out.
- 1:30SPEAKER_00: Now, sellers leave the pack with accurate pricing day one.
- 1:34SPEAKER_00: You're definitely going to want to have your agent use pre-inspection and professional media.
- 1:38SPEAKER_00: And for buyers out there, leverage the price, change density, hunt state stair listings, build strong terms when you bring it to the table.
- 1:47SPEAKER_00: Make sure you have really strong terms and ask for credits instead of a price adjustment in the right cases.
- 1:53SPEAKER_00: Now let's zoom into one of Santa Clarita Valley's most livable pockets, Saugus.
- 1:58SPEAKER_00: One mile around a block here by Saugus High.
- 2:00SPEAKER_00: Single family residences only.
- 2:03SPEAKER_00: This is what neighbors, your neighbors are actually experiencing if you live on this in this particular neighborhood.
- 2:08SPEAKER_00: So in Saugus, we have a one-mile market watch from Saugus High.
- 2:13SPEAKER_00: We're going to get into these numbers here in just a moment.
- 2:15SPEAKER_00: But let me clarify something.
- 2:16SPEAKER_00: Whenever you're looking at single family residence data, that's what you need to want to look at.
- 2:21SPEAKER_00: You don't want to have condominiums and townhomes included.
- 2:23SPEAKER_00: If you're looking just for condominiums and townhomes, then you want that specific data.
- 2:27SPEAKER_00: A lot of the syndication sites and even other people in my industry, they're just focused on the overall data.
- 2:33SPEAKER_00: They're not niching down, they're not getting down to that granular level.
- 2:36SPEAKER_00: And you as a real estate potential seller in Saugus, California, need to look at exactly how apples and apples apply to your residents.
- 2:44SPEAKER_00: If you're a single family residence person, then you shouldn't really be worried about condominiums and townhomes because that's an entirely different market and a different dynamic.
- 2:54SPEAKER_00: So in this one mile circle, we've tracked 127 total statuses across the current recent cycle.
- 3:01SPEAKER_00: This includes actives, pendings, and outcomes over roughly in the last six months.
- 3:06SPEAKER_00: So right now we have 27 listings.
- 3:08SPEAKER_00: That's pricing ban running through 379,000 to 1.1 million.
- 3:12SPEAKER_00: But the heart of the market here in Saugus, about one mile from Saugus High, is about$700,000 to$900,000.
- 3:19SPEAKER_00: Typical days on market, 21 to 27 days.
- 3:22SPEAKER_00: In that middle ban, we have active under contract three, pending six, closed 66, closed median clusters in the mid-700s to mid-800s, depending on, of course, size and updates.
- 3:33SPEAKER_00: Sales to list is looking at about 100%.
- 3:36SPEAKER_00: We're not seeing any reductions in those areas, seven to eight hundred thousandths.
- 3:40SPEAKER_00: Well priced homes still command attention, of course, median square footage.
- 3:44SPEAKER_00: Closed sits at 504, and many homes are around 480 to$570 per square foot.
- 3:50SPEAKER_00: At typical lots of around 7,500, 8,000 square feet in the core tracks.
- 3:54SPEAKER_00: Some outliers are much larger.
- 3:56SPEAKER_00: You always get those unicorn properties that come up.
- 3:58SPEAKER_00: Most housing stock here is late 70s to late 90s, pockets of newer as well.
- 4:03SPEAKER_00: So what that means, we have properties prepared.
- 4:05SPEAKER_00: Realistically priced homes are getting it done near list.
- 4:08SPEAKER_00: The price rewards clean presentation, turnkey conditions, the almost ready homes pay in days on market concessions.
- 4:16SPEAKER_00: Now 700,000, 800,000 band, that's definitely the workhorse properties.
- 4:21SPEAKER_00: You're gonna expect strong foot traffic and competitive but rational offers.
- 4:25SPEAKER_00: If you're selling a small price miss here, can definitely add weeks to your time on market.
- 4:30SPEAKER_00: So you got to nail it at the launch.
- 4:31SPEAKER_00: 800 to 900,000, that particular price range, still active, but buyers want updates to justify those higher numbers.
- 4:38SPEAKER_00: They're looking for kitchen and bath.
- 4:40SPEAKER_00: System upgrades and curb appeals definitely matter.
- 4:43SPEAKER_00: 900 to 1.1 million in this area in Saga.
- 4:46SPEAKER_00: She has a thinner buyer pool.
- 4:48SPEAKER_00: Homes need either size lot or renovation pop.
- 4:51SPEAKER_00: Consider target buyers' incentives, rate buy downs, credits, closing costs out instead of straight price cuts.
- 4:57SPEAKER_00: And under 650 one-offs, not very many.
- 5:00SPEAKER_00: And again, these are conditional hot scenarios.
- 5:03SPEAKER_00: They do go fast when positioned correctly.
- 5:06SPEAKER_00: Lock a full underwritten approval, watch price change and back on market events.
- 5:12SPEAKER_00: Those are the negotiation openings on a tight budget.
- 5:14SPEAKER_00: You want to chase the older but well-maintained homes and win with clean terms and flexible possession.
- 5:21SPEAKER_00: When you're looking at real estate, you definitely want to look at the pre-work, minor repairs, paint touch-up, yard cleanup, professional photos, and video.
- 5:30SPEAKER_00: You want to price into the lane where most comps actually closed, not where your neighbors listed.
- 5:36SPEAKER_00: And consider credit for rate buy down instead of chasing price reductions.
- 5:40SPEAKER_00: Keep your headline price strong.
- 5:42SPEAKER_00: That solves the buyer's payment pain point.
- 5:45SPEAKER_00: Now, if you want to address specific price, days to sell forecast or a buyer match report for your ideal floor plan, I'll run it.
- 5:52SPEAKER_00: I live here, I work here, I answer my phone.
- 5:55SPEAKER_00: You can book a private Zoom meeting with me at zoomescv.com or schedule a time when I can swing by your house.
- 6:02SPEAKER_00: You can also check out Santa ClaritaOpenhouses.com.
- 6:05SPEAKER_00: I'm Connor with Honor, your Saugus Realtor and neighbor.
- 6:09SPEAKER_00: We'll see you in the next one.
- 6:10SPEAKER_00: Thank you so much for watching.
- 6:11SPEAKER_00: Take care, Saugus, and the rest of Santa Clarita, and be well.
- 6:15SPEAKER_00: Talk to you soon.