Latest / Connor with Honor: AI, Real Estate and Real Life / Santa Clarita Real Estate Market Update: Uncovering 69 Price Changes & Back on Market Secrets!
Transcript
- 0:00SPEAKER_00: Hey everybody, do you know why real estate agents don't tell stories on the playground?
- 0:05SPEAKER_00: Well, they're always afraid that dirt will spread.
- 0:07SPEAKER_00: I'm Connor with Honor.
- 0:09SPEAKER_00: Thank you so much for tuning in.
- 0:10SPEAKER_00: This is going to be your Santa Clarita real estate update.
- 0:13SPEAKER_00: We, of course, have Santa Clarita Openhouses.com.
- 0:16SPEAKER_00: You can find every single house listed for sale at that website, then also everything that's coming soon.
- 0:22SPEAKER_00: So what's happening in the local market?
- 0:24SPEAKER_00: We're around 438 active listings as of this morning.
- 0:27SPEAKER_00: Today's June 28th, Friday, around the numbers about 9 o'clock.
- 0:32SPEAKER_00: It's very close to 1308 hours.
- 0:34SPEAKER_00: Alright, so right now we have coming soon listings, 891 new listings.
- 0:38SPEAKER_00: 69 properties have their prices changed.
- 0:40SPEAKER_00: We have 20 properties that have gone back on the market for sale.
- 0:44SPEAKER_00: These are properties that actually had their escrow's canceled for whatever reason.
- 0:48SPEAKER_00: More information available upon request, but definitely case by case basis.
- 0:53SPEAKER_00: It's a lot of phone calls.
- 0:54SPEAKER_00: Pending properties 53, closed 59, or 69, excuse me.
- 0:58SPEAKER_00: That's seven during the last seven days, 69 properties actually sold and closed escrow, so we have new buyers there.
- 1:04SPEAKER_00: Four expired, seven canceled, 12 have been put on hold, and two have withdrawn from the market.
- 1:09SPEAKER_00: Now, what something that that should be talked about, I think more often than it usually is, is going to be what's happening with these price changes.
- 1:17SPEAKER_00: It's almost 70 in this past seven days.
- 1:19SPEAKER_00: That trend is very normal.
- 1:21SPEAKER_00: You look at the national real estate news, they're talking about real estate having slowed down a little bit.
- 1:25SPEAKER_00: We're not really seeing that in the entire Santa Clita market, but with regard to particular listings that are priced almost perfectly, we are seeing a little bit of a delay.
- 1:36SPEAKER_00: At the properties that are priced under market value, we're seeing those move rather quickly within the different cities out here.
- 1:42SPEAKER_00: So we're seeing that happen.
- 1:44SPEAKER_00: One of the things that we talked about with regard to the back on market properties as well, this is something that needs to be explored by you as a real estate buyer.
- 1:53SPEAKER_00: If in fact maybe you've been banging your head against the wall, trying to find something good to purchase.
- 1:58SPEAKER_00: And again, you've probably made offers, you've lost out that being the case, then maybe it's time to step up your game.
- 2:06SPEAKER_00: Maybe it's time for you to start investigating or have your agent do more investigating than just feeding you those listings that pop onto the market active for sale.
- 2:15SPEAKER_00: It's really important to have your agent put their own hands on it and do their search.
- 2:19SPEAKER_00: That seems to be the big fall apart.
- 2:21SPEAKER_00: Anybody can set up anybody on a real estate search.
- 2:24SPEAKER_00: A true expert, a true person worth their craft in real estate, they're going to do that investigation and the heavy lifting.
- 2:31SPEAKER_00: So whenever you get something sent to you, it really does match.
- 2:36SPEAKER_00: Now, if there's areas of gray, or maybe you guys haven't talked about the width of the hallway.
- 2:41SPEAKER_00: Maybe you like a six-foot-wide hallway, and this house only has four and a half feet wide hallways.
- 2:46SPEAKER_00: Again, I know that's you know slicing hairs, but if that is what you want, maybe you will see properties with that agent.
- 2:54SPEAKER_00: They're very good, but it might miss the ball sometimes if you haven't discussed those listings down to the nth.
- 3:00SPEAKER_00: And in addition, if those listings aren't advertised having particular things, you really don't know until you go look at it.
- 3:07SPEAKER_00: There are certain things in the multiple listing service that are mandatory for an agent to enter as far as reference to what the property has and does not have.
- 3:16SPEAKER_00: There are other things that aren't even mentioned or talked about, or they're not mandatory fields.
- 3:21SPEAKER_00: So when you're searching online, you're getting a lot of it, but you're not getting the full picture.
- 3:25SPEAKER_00: Looking at a property doing a Santa Clita open house, if you go to Santa Clara Openhouses.com, you'll see everything active and open, when it's going to be held, time frames, and so on.
- 3:35SPEAKER_00: The system is completely free.
- 3:37SPEAKER_00: I unlock it, it's completely unlocked.
- 3:39SPEAKER_00: You're gonna get a really bothersome pop-up window when you try to leave the page or maybe as you first get there.
- 3:45SPEAKER_00: You can just bypass it, click on the X and continue through with your search.
- 3:49SPEAKER_00: We're coming up on a weekend, ladies and gentlemen.
- 3:51SPEAKER_00: Be sure that whenever Santa Clara Open Houses is hosting an open house, make sure you know that about 1 p.m.
- 3:57SPEAKER_00: is when the buyer briefing starts.
- 3:59SPEAKER_00: You have to ask for it.
- 4:00SPEAKER_00: So if it's not going on or you're missing it, or you show up at the property, there might be only one person floating around.
- 4:05SPEAKER_00: Ask them, hey, where's this buyer briefing?
- 4:07SPEAKER_00: This Connor cat keeps talking about.
- 4:09SPEAKER_00: Have a great weekend.
- 4:10SPEAKER_00: We'll talk to you soon.
- 4:11SPEAKER_00: We are at Friday and we will be back Saturday.
- 4:14SPEAKER_00: I'm Connor with honor, Santa Clarita Openhouses.com, over and out.