Latest / Connor with Honor: AI, Real Estate and Real Life / Breakdown of real estate inventory city by city Best Buyer and Seller outcomes involve strategy - First Responder Realtor

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Breakdown of real estate inventory city by city Best Buyer and Seller outcomes involve strategy - First Responder Realtor · Connor with Honor: AI, Real Estate and Real Life

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  SPEAKER_00: Hey everybody, today we're going to dive into a full market update for Santa Crita Valley as of October 22nd, 2024.
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  SPEAKER_00: I'm going to break down the numbers across key cities like Saugas, Valencia, Canyon Country, Stevenson Ranch, New Hall, and Castac.
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  SPEAKER_00: We'll also discuss what these numbers mean for you, whether you're buying, selling, or just keeping a pulse on the market.
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  SPEAKER_00: More than just numbers, I'm here to help you understand how this data is going to equate to long-term success.
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  SPEAKER_00: So let's get started.
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  SPEAKER_00: As of today, the total active residential inventory across the Santa Cruz Valley sits at 553 listings, which include single-family homes, condos, and townhomes.
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  SPEAKER_00: Here's how that inventory breaks down across the main cities.
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  SPEAKER_00: In Valencia, we have 173 active listings.
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  SPEAKER_00: Saugus 132, Kenyan Country 97, Stevenson Ranch, 48, New Hall 58, Castac 45.
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  SPEAKER_00: These are all active listings, and each of these cities has its own dynamics.
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  SPEAKER_00: We will break them down to help you see where opportunities might be hiding.
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  SPEAKER_00: But remember, it's not just about jumping in, it's about having a strategy.
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  SPEAKER_00: Regarding market movement, I've been watching for the past years for real estate since 1998, studying the dynamics, and we're watching as we have this seven-day market snapshot.
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  SPEAKER_00: 65 new listings have hit the market.
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  SPEAKER_00: 88 homes have adjusted their price.
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  SPEAKER_00: This is a very important signal.
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  SPEAKER_00: 87 homes are currently under contract or pending, meaning they're already moving through the process of escrow.
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  SPEAKER_00: A key takeaway here, well, homes moving quickly, that doesn't mean you should feel rushed.
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  SPEAKER_00: Instead, this is a great moment to step back and ask what my long-term plan happens to be.
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  SPEAKER_00: Price adjustments and what they might mean.
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  SPEAKER_00: With 88 price changes, you might think sellers are starting to get desperate, but don't let this fool you into thinking it's a time to swoop in for a deal without a plan.
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  SPEAKER_00: In reality, price changes often reflect sellers adjusting to the market or realigning with buyers' expectations.
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  SPEAKER_00: This doesn't mean homes are suddenly on sale.
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  SPEAKER_00: Instead, it can mean the property was initially overpriced, or the seller needs to move quickly.
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  SPEAKER_00: As your trusted advisor, I always suggest focusing on value rather than price.
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  SPEAKER_00: Let's sit down and talk about what makes sense for you financially.
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  SPEAKER_00: Sure, a price cut can be attractive, but how does that play into your long-term goals?
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  SPEAKER_00: Does this property fit your needs?
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  SPEAKER_00: Or are you chasing the deal instead of building the future you want?
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  SPEAKER_00: Now let's take a look at some of the city-specific trends.
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  SPEAKER_00: Valencia, California, 173 listings.
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  SPEAKER_00: That's amazing.
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  SPEAKER_00: Valencia is also one of the beautiful, most busy markets in Santa Cruita Valley, with homes raising ranging from newer builds to more established communities.
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  SPEAKER_00: Prices are holding steady.
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  SPEAKER_00: New inventory continues to refresh weekly.
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  SPEAKER_00: If you're looking into this area, it's important to have financing ready because homes tend to move fast.
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  SPEAKER_00: In Saugus, we'll talk about the 132 actives.
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  SPEAKER_00: Saugus has seen a good balance of new listings and sales recently with steady price adjustments.
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  SPEAKER_00: This community offers more space and it is attractive for families looking for solid schools and a suburban feel.
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  SPEAKER_00: Again, the key here is preparation.
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  SPEAKER_00: Be clear on your financials before making any offers so you're not overwhelmed by the fast pace of the market.
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  SPEAKER_00: Bringing us to Canyon Country, it does present a mix of opportunities with price reductions and a variety of property types.
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  SPEAKER_00: If you're a first-time home buyer, this might be a good place to explore, but don't rush.
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  SPEAKER_00: Let's discuss how this can fit into your overall financial picture before making decisions.
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  SPEAKER_00: 48 listings in Stevenson Ranch, known for its higher-end homes, Stevenson Ranch tends to have fewer listings, but higher price points.
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  SPEAKER_00: For those looking to invest in a long-term family home or higher-end property, this is an area where patients can pay off.
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  SPEAKER_00: Negotiation strategies can play a big role here, especially as homes stay on the market longer.
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  SPEAKER_00: The 58 listings in New Hall, and reflective of that, Newhall offers some of the oldest, most character-filled properties in the valley.
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  SPEAKER_00: It's a great place for buyers looking for charm and uniqueness.
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  SPEAKER_00: However, older homes come with a set of their own considerations, maintenance, repairs, and updates.
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  SPEAKER_00: Let's make sure your budget covers not just the price, but future home improvements as well.
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  SPEAKER_00: And finally, we'll round out with Castac 45 listings.
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  SPEAKER_00: Castac remains a more affordable option for buyers offering larger lots and more space for your money.
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  SPEAKER_00: It's an area to consider if you're looking for value and a bit of a slower pace.
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  SPEAKER_00: Still, it's essential to plan for the long haul.
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  SPEAKER_00: Let's explore whether Castaec meets your goals in the next 5, 10, or 15 years.
• 4:49
  SPEAKER_00: Low inventory may have become a buzzword in real estate, but I want you to understand it's more than just a selling tactic.
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  SPEAKER_00: When you hear low inventory, don't think hurry up and buy.
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  SPEAKER_00: Instead, think prepare wisely.
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  SPEAKER_00: Now is the time to work with someone who can help you craft a strategy based on your personal financial health and long-term goals.
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  SPEAKER_00: If you're buying, have your financing prepped and ready.
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  SPEAKER_00: You know exactly what your monthly you'll know what exactly your monthly payments will look like, including taxes, insurance, and maintenance.
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  SPEAKER_00: Don't stretch yourself thin just to get into a home because the market's tight.
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  SPEAKER_00: If you're selling, pricing your home accurately is more important than ever.
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  SPEAKER_00: Overpricing can lead to extended days on market, which often results in price reductions.
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  SPEAKER_00: Let's talk about a strategy that attracts serious buyers from day one.
• 5:38
  SPEAKER_00: I'm Connor with Honor.
• 5:39
  SPEAKER_00: I'm your first responder realtor, and I'm here not just to talk you into a home, but to make sure the decision aligns with your future goals.
• 5:47
  SPEAKER_00: Whether you're buying or selling or just keeping an eye on the market, having the right guidance is essential.
• 5:53
  SPEAKER_00: Reach out if you'd like to dive deeper into the current market or discuss how to position yourself for long term success.
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  SPEAKER_00: As always, I'm here for you.
• 6:02
  SPEAKER_00: I'm Connor with Honor.
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  SPEAKER_00: Over and out.