Latest / Connor with Honor: AI, Real Estate and Real Life / "Over 100 Price Drops in 7 Days?! Santa Clarita Real Estate Is Shifting Fast: Here's What It Means for YOU!"

Transcript

"Over 100 Price Drops in 7 Days?! Santa Clarita Real Estate Is Shifting Fast: Here's What It Means for YOU!" · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Good day, everybody.
• 0:01
  SPEAKER_00: We're at April 18th, 2025.
• 0:03
  SPEAKER_00: Let's talk about your real estate update.
• 0:05
  SPEAKER_00: 633 total active units on the market for sale as of this morning.
• 0:11
  SPEAKER_00: If you want to see those comings coming soon listings, we have 12 of those that are going to be entering the market between now and 21 days from now.
• 0:17
  SPEAKER_00: And that inventory changes daily.
• 0:20
  SPEAKER_00: Whenever there is a listing put into the market, a lot of times the agent, with their sellers understanding and acknowledgement and and uh approval, they actually put that market on the on the real estate market in the multiple listing service as coming soon.
• 0:34
  SPEAKER_00: So you're not going to see that on Zillow or any of these other syndication sites.
• 0:38
  SPEAKER_00: You have to actually have that sent to you.
• 0:40
  SPEAKER_00: I do have an application form there.
• 0:42
  SPEAKER_00: No obligation, it's free, santaclarita coming soon.com.
• 0:46
  SPEAKER_00: Now, for all the regular inventory open houses and such, you can always go to the main site, Santa Clarita Openhouses.com.
• 0:53
  SPEAKER_00: Currently, last seven days, biggest number to talk about, 101 properties have had their prices changed.
• 0:59
  SPEAKER_00: Now, this is an impacting overall value.
• 1:02
  SPEAKER_00: These are properties and sellers that have actually gone out and priced their properties higher than the market will bear.
• 1:07
  SPEAKER_00: So what's happening is after a week or two or three, or maybe even four, usually a 30-day time frame, the sellers are then adjusting those prices to be more in line to the past sold properties, and then the properties are starting to move out.
• 1:19
  SPEAKER_00: In addition, with 633 active units, we have actually increased over the past five weeks.
• 1:26
  SPEAKER_00: Five weeks ago, we were about 570.
• 1:28
  SPEAKER_00: So you can see that number having been increased.
• 1:31
  SPEAKER_00: That's going to include or dictate more seller competition and maybe less buyer competition.
• 1:37
  SPEAKER_00: But take it from me, whenever a property comes on the market and it's something that is priced correctly and in a good neighborhood, good schools, good per sale access, and these sorts of things, things that buyers are really looking for, it doesn't take long.
• 1:50
  SPEAKER_00: It'll be gone within the first few days after it gets placed on the market.
• 1:55
  SPEAKER_00: That's why the coming soon listings, getting access to those is so incredibly important if you are a buyer out there.
• 2:01
  SPEAKER_00: It's not that the buyer drive has decreased.
• 2:04
  SPEAKER_00: In fact, just the opposite.
• 2:06
  SPEAKER_00: The buyer drive is continuing to increase because that's the time of year we're in.
• 2:10
  SPEAKER_00: You want to see more information, make sure you check out the blog, Santa Clarita Openhouses.com forward slash blog.
• 2:16
  SPEAKER_00: And I'm Connor with honor.
• 2:17
  SPEAKER_00: We'll see you tomorrow in the next real estate update.
• 2:20
  SPEAKER_00: Take care.
• 2:20
  SPEAKER_00: If I can help, reach out to me.
• 2:22
  SPEAKER_00: Be well.