Latest / Connor with Honor: AI, Real Estate and Real Life / Santa Clarita Power Rankings: Every City by Months of Supply, Sept 29

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Santa Clarita Power Rankings: Every City by Months of Supply, Sept 29 · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Sorry about that.
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  SPEAKER_00: 29th.
• 0:02
  SPEAKER_00: Today's the 29th.
• 0:04
  SPEAKER_00: God, you believe that?
• 0:05
  SPEAKER_00: It's just moving on.
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  SPEAKER_00: We're going to do some Santa Crita stuff right now.
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  SPEAKER_00: We're going to get into what's happening in the local market.
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  SPEAKER_00: We have some concern out there with interest rates.
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  SPEAKER_00: People are saying, oh my God, what's happening?
• 0:15
  SPEAKER_00: Well, they're going up.
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  SPEAKER_00: And uh that's kind of where that is.
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  SPEAKER_00: But let me pull uh the data here so you can see these actual numbers.
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  SPEAKER_00: Now, if we look back just a few months ago, we were, you know, five, six hundreds now.
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  SPEAKER_00: Right now, that inventory as of right now, 843 total active units on the market for sale.
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  SPEAKER_00: People are also painting the picture that this market is uh completely a buyer's market.
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  SPEAKER_00: Buyers have all the advantage.
• 0:39
  SPEAKER_00: That's actually not the case.
• 0:40
  SPEAKER_00: In the condominium world out here, sure, yeah.
• 0:43
  SPEAKER_00: The numbers prove that out very, very easily.
• 0:46
  SPEAKER_00: It is showing that that's definitely a buyer's market.
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  SPEAKER_00: The sellers and townhomes end of it, it's transitioning, albeit slowly, transitioning to a buyer's market.
• 0:54
  SPEAKER_00: But right now, with the inventory, the numbers of homes, the number of closings per week, monitoring all that activity at Santa ClaritoOpenhouses.com still in a seller's zone.
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  SPEAKER_00: 843 active listings, 174 of the properties right now are in escrow.
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  SPEAKER_00: 66 have closed in the last seven days.
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  SPEAKER_00: Numbers are still moving, buyers are still buying, sellers are still selling, so do not panic on any one of these levels.
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  SPEAKER_00: Let me give you a couple other numbers.
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  SPEAKER_00: Right now, Saugus is uh leading the charge.
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  SPEAKER_00: Then we have Castac, then Valencia in third place, Canyon Country in fourth place, New Hall in fifth, Stevenson Ranch in sixth, and Acton in seventh place.
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  SPEAKER_00: What that means is right now in Saugus, it's the lowest amount of supply, 3.2 months, 18 days to sell, median sales price, 735 grand.
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  SPEAKER_00: Castac, excuse me,$790,000, 27 days to sell, rating Castac.
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  SPEAKER_00: Castac, number two, second position, 3.2 months of supply.
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  SPEAKER_00: Again, very low inventory, 18 days to sell, 735 median sales price.
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  SPEAKER_00: Valencia, California, 3.8 months of supply, 32 days to sell, 778,000 median sales price.
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  SPEAKER_00: Canyon Country, 4.1 months of supply, 30 days to sell,$734,500 median sales price.
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  SPEAKER_00: New Hall, 5.6 months supply, 37 days to sell,$480,000 median price.
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  SPEAKER_00: Stevenson Ranch, 7.2 months of supply, 13 days to sell, 1,329,900 median sales price, and actin coming in last.
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  SPEAKER_00: Sorry, Acton, 7.6 months of supply, 10 days to sell,$949,000 median sales price.
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  SPEAKER_00: That's the breakdown.
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  SPEAKER_00: Santa Clarita Valley, all of the listings, go to Santa ClaritaOpenhouses.com.
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  SPEAKER_00: It's my system, not gated.
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  SPEAKER_00: You're going to be able to look at everything.
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  SPEAKER_00: I have 11 years of sold data there.
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  SPEAKER_00: So if you're wondering what your thing is worth, your thing, then you can hit me up and also research it there.
• 2:55
  SPEAKER_00: I'm Connor with Honor.
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  SPEAKER_00: We'll see you tomorrow.
• 2:57
  SPEAKER_00: Thanks for watching.
• 2:57
  SPEAKER_00: Be well.