Latest / Connor with Honor: AI, Real Estate and Real Life / Closing on 100 price changes in the Santa Clarita Market could be an indicator of things changing

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Closing on 100 price changes in the Santa Clarita Market could be an indicator of things changing · Connor with Honor: AI, Real Estate and Real Life

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  SPEAKER_00: 297th day of 2024.
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  SPEAKER_00: Today is October 27th, 2024.
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  SPEAKER_00: I'm Connor with Honor.
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  SPEAKER_00: This is going to be your daily realistic update.
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  SPEAKER_00: This is going to be just actionable and factual information.
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  SPEAKER_00: So let's dive in.
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  SPEAKER_00: Coming soon, properties posted this last seven days were 12, and those are going to be coming onto the market soon.
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  SPEAKER_00: We have 63 new homes that have just been added.
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  SPEAKER_00: 96 homes have had price adjustments.
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  SPEAKER_00: This is definitely getting close to the 100 mark.
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  SPEAKER_00: And it's really a sign that sellers are responding to the market feedback.
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  SPEAKER_00: 23 homes are back on the market after falling out of escrow.
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  SPEAKER_00: 33 homes are currently active under contract by still accepting backup offers.
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  SPEAKER_00: We have 49 homes that are nearing the closing table in escrow.
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  SPEAKER_00: 53 have actually sold or closed.
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  SPEAKER_00: We have 49 properties that are in escrow.
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  SPEAKER_00: Eight listings have expired without selling.
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  SPEAKER_00: 11 homes have been canceled.
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  SPEAKER_00: 13 homes have been put on hold, not currently available, but keep an eye out.
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  SPEAKER_00: Those could be coming back soon.
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  SPEAKER_00: And of course, withdrawn listings zero over the past seven days, which is good news.
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  SPEAKER_00: Let's get into the specific breakdown of three-bedroom detached single-family homes in various Santa Clara neighborhoods.
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  SPEAKER_00: I did this research this morning and I believe it's very valuable.
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  SPEAKER_00: We in Valencia, we do have several three-bedroom homes on the market.
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  SPEAKER_00: For example, in the San Marino neighborhood, in the San Marino tract, we do have a home listed for$949,999 and a number in another one in Chelsea and the Summits for$995,000.
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  SPEAKER_00: These homes are in desirable neighborhoods, and with multiple listings, Meyer buyers have a little room to negotiate because we are up at the 553 number for total active listings in all of Santa Clarita Valley.
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  SPEAKER_00: In Saugus, we do have a variety of three-bedroom homes available.
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  SPEAKER_00: For example, there's one in Lookout, the Point neighborhood, listed at$699,000.
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  SPEAKER_00: Another option is a home in Shadow Ridge, listed at$800,000.
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  SPEAKER_00: Multiple listings in neighborhoods like Bocay Canyon suggest healthy competition, so that's going to give buyers more solid options to explore.
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  SPEAKER_00: In Canyon Country, you'll find three-bedroom homes starting in the mid-700s.
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  SPEAKER_00: A notable listing in North Oaks neighborhood is listed at$775.
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  SPEAKER_00: If you're looking for a bit more land and privacy, homes in this area can definitely offer both.
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  SPEAKER_00: In New Hall, we have fewer listings, but there are some excellent three-bedroom options like the one in custom downtown New Hall area listed at$799,999.
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  SPEAKER_00: Buyers in this area need to move quickly as inventory here does tend to move pretty quick.
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  SPEAKER_00: Stevenson Ranchers, a three-bedroom home listed in the Chelsea neighborhood for$1,195,000.
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  SPEAKER_00: It's actually a particular builder type of home in the summit.
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  SPEAKER_00: This is a higher-end market, but buyers can expect homes with premium features and really great locations.
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  SPEAKER_00: Some have fantastic views.
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  SPEAKER_00: In Castaic, three-bedroom homes like the one on Meadow Grass Drive are listed at$760,000.
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  SPEAKER_00: This area is known for its larger lots, quieter suburban feel, making it a great choice for buyer seeking space.
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  SPEAKER_00: So, what does this mean for you as a buyer or seller?
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  SPEAKER_00: Well, buyers have options, but with inventory moving fast, you'll want to definitely stay proactive.
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  SPEAKER_00: Sellers with competition in many neighborhoods, make sure your home is priced right and presented well to stand out.
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  SPEAKER_00: Here's today's breakdown Connor with Honor bringing you the facts so you can make better real estate decisions.
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  SPEAKER_00: I'll talk to you soon.
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  SPEAKER_00: I'm Connor with Honor, over and out.