Latest / Connor with Honor: AI, Real Estate and Real Life / Artificial Intelligence Santa Clarita real estate is it lying to us when wanting a property valuation or listing price strategy
Transcript
- 0:00SPEAKER_00: Everybody, it is happening.
- 0:01SPEAKER_00: We do have 479 active listings on the market currently for sale in the Santa Clarita Valley.
- 0:08SPEAKER_00: Today is going to be the 4th of February, 2025.
- 0:12SPEAKER_00: I'll get into some other real estate numbers right now.
- 0:14SPEAKER_00: Coming soon listings in the last seven days that have been posted.
- 0:18SPEAKER_00: That's 761 new listings have entered the market in the past seven days.
- 0:22SPEAKER_00: That's actually quite a big number for this time of year.
- 0:26SPEAKER_00: Usually we don't see those type of numbers until we get into mid-February, early March, but it's happening.
- 0:32SPEAKER_00: Price change is 49.
- 0:33SPEAKER_00: Again, that number is larger than typical.
- 0:36SPEAKER_00: We're watching as sellers that have been on the market prior to the holidays that are continuing to market their property are doing some strategic price reductions.
- 0:45SPEAKER_00: That's definitely helping them get those properties sold.
- 0:48SPEAKER_00: 15 properties have actually entered back on the market.
- 0:51SPEAKER_00: That's actually a lower number than usual.
- 0:53SPEAKER_00: Usually about a third of the new listings coming onto the market.
- 0:57SPEAKER_00: It seems to have that ratio.
- 0:59SPEAKER_00: Less of those, the third of that number typically are coming back on the market, which would be in the neighborhood of 20.
- 1:06SPEAKER_00: We do see that number having reduced over the past couple weeks.
- 1:10SPEAKER_00: So that's actually good news for sellers out there, meaning that those properties that are in process are continuing that process until they close.
- 1:17SPEAKER_00: We also have 23 properties that are active under contract.
- 1:20SPEAKER_00: That's in escrow.
- 1:21SPEAKER_00: 35 properties have had their status changed to Pendy, which is deeper in escrow.
- 1:26SPEAKER_00: Then we have 49 properties sold this last week, 12 expired, 5 canceled, 8 put on hold, and 3 have been withdrawn.
- 1:34SPEAKER_00: Part of the real estate process goes to searching online.
- 1:38SPEAKER_00: And as I've been talking about how artificial intelligence and these different computer programs that are put into play out there by the syndication websites that are basically following you around all over online when you're trying to search for real estate, trying to do things without being discovered, it's too late.
- 1:56SPEAKER_00: Once you start that search, you're already being discovered.
- 1:58SPEAKER_00: So understand that these systems that are following you around advertising in front of your face typically are not operated by local real estate agents.
- 2:08SPEAKER_00: Usually they're owned and operated by the mega syndication companies out there, like your Zillows and your Trulios and your Realtor.coms.
- 2:16SPEAKER_00: There's a lot of information that's being traded on those particular platforms.
- 2:20SPEAKER_00: Some of it self-serving, some of it not.
- 2:23SPEAKER_00: It's really up to us as consumers out there when we're looking at whatever it is online to make sure that they're giving us value and also make sure that they're giving us the honest to God information as it really is and not bending it or twisting it in order to elicit some kind of a buying or selling decision.
- 2:42SPEAKER_00: I'm Connor with Honor.
- 2:44SPEAKER_00: When you're ready, you can go to Santa ClaritaOpenhouses.com forward slash blog.
- 2:49SPEAKER_00: You'll be able to see all of the listings for sale, not just open houses, and the blog is going to have a lot of information pertaining to the market.
- 2:56SPEAKER_00: We'll see you tomorrow.
- 2:57SPEAKER_00: Have a great day.