Latest / Connor with Honor: AI, Real Estate and Real Life / Castaic real estate thanksgiving week is just about as exciting as a fart in church
Transcript
- 0:00good everybody welcome to the 30th of November Tomorrow is December 1st we're gonna have our Castaic real estate update for today and it's just going to be about as exciting as a fart in church because we do have a Thanksgiving week not a lot goes on in real estate but today I see over 100 open houses that have been posted in Santa Clarita Valley you can find those at Santa Clarita Openhouses com in addition just got the first hard copies of my paperback how to buy and sell Real Estate in Santa Clarita California this has been updated for 2025 so please check it out online and of course if you buy the book and you need to be compensated for that in the future use us in real estate it's not gonna be a problem so please don't panic about that but I did have to pay for printing costs and the and to put together the book and get it edited and so on so please look at that and I hope it does serve you well it's how I instruct my buyers and sellers when it comes to real estate and not so much instruct that's probably a horrible word but educate my buyers and sellers because a lot of people going in even if they sold and even if they've sold and bought a lot of real estate in the past the markets so dynamic it changes on a daily basis and then you have the big settlement that happened against the attorneys there it's coming to me Missouri versus the National Association Realtors that had a trickle down effect so we're seeing some different things online regarding the commission structures and what's being offered but as far as the 7 day in Castaic no coming soon no new listings have been posted last seven days there have been four price changes that's indicative of the market this time of year properties are sitting on their 30 40 50 days not selling sellers typically have a strategic price reduction at that time to try to move that property now looking at the entire Santa Clarita Valley to give you that quick update then I'll get into the sold stuff in Castaic California two coming soon 21 new listings have been posted in the past seven days 33 properties have had their prices changed that's quite a big number in comparison to the previous weeks we're seeing as we get closer to the end of the year those price changes are becoming much more prevalent on the market active under contract properties 19 we had 12 properties actually go back onto the market after having been an escrow typically that's not a seller issue or a house issue a lot of time that's a buyer financing issue so buyers are actually going out there and maybe opening the lines of credit or even believe it or not paying something off prior to getting their lenders blessing on that and if you are gonna get your lenders blessing blessing on anything off or changing anything financially please do yourself a favor and back that up and writing this past weekend Castaic showcases a slower but highly focused market no new listings came online but the market has seen the four price reductions that does signal opportunities for buyers to negotiate better deals sellers should be aware of the current pricing trends to stay competitive you can monitor all of those at Santa Clarita Openhouses com it's my site you're not gonna be asked to give up any personal information you're not gonna be forced to give up any personal information feel free to look you'll see everything there if you choose to reach out to me on the site great love to talk to you and help you figure it out close sale seven homes sold in the last week it's clear that buyers are actively fine finalizing deals but proper pricing is crucial to attract offers we do see the price reductions and those adjustments that reflects the need for realistic pricing in a shifting market these adjustments highlight a window for buyers to enter negotiations and of course with one act of under contract into pending and cash deck inventory does remain tight pushing buyers to act quickly when they see the right home a lot of times if it is priced correctly enters the market it doesn't last but a day or two before it gets into Astro so make sure you're getting a look at these properties early on as far as buyers go that does mean motivated sellers are open to negotiation if you're pre qualified and ready now's the time to secure a deal before the holidays right now if you closed probably if your lenders on there on the Mark and nobody's going on vacation the people that you're trusting to handle your transaction usually you can get this closed by Christmas depends on the type of loan the FHA and VA might require a little bit more time but please ask your professional and see what they say as far as sellers go make sure that you are definitely priced competitively homes are closing but the market showing that price adjustments are happening more frequently proper initial pricing avoids long days on market price cuts active buyers are out there seven closed transactions a week that's a lot the demand in cash takes evident a well marketed home can definitely sell quickly and looking at the median sales prices average days on market these are very much condensed so we still have properties moving at quite a fast pace we're gonna see that break into the next year but there's always that question should I wait or should I sell now right now the holidays buyers are very serious right now for buyers during the holidays sellers are serious next year that competition is gonna go up for both of you both buyers and sellers because that's a typical market time of year in the first quarter beginning of second quarter and into the third so we're gonna see it change dynamically plus there's gonna be a new president in place that's probably gonna change things if you look at those financial markets whether you voted for him or not those financial markets are definitely becoming better overall so that's probably going to be the same in the real estate world next year now if if the government gets its wish or the present I should say rates will probably come down a little bit next year that's also gonna kick off a high buyer curve but also sellers as well that's gonna make a lot of sellers get off the fence in cash stack and the rest of Santa Clarita and Southern California wanting to get those real estate their real on the market get them marketed and get those buyers in there to have a look when you're looking online if you're being asked for your personal information before they're gonna give you any of that information I would throw caution to the wind every site without ads is posted every every listing that's websites out there is posted at Santa Clarita Openhouses com please feel free to have a look let me know when I can help I'm here I'm Connor with honor happy Saturday I'll be back tomorrow for the overall view of Santa Clarita Valley and also a breakdown of act at an Aqua they'll say it's my honor we'll talk to you all soon be well for the poor properties in Castaic that reduce their prices