Latest / Connor with Honor: AI, Real Estate and Real Life / Santa Clarita real estate guide, daily real estate update May 30, 2024

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Santa Clarita real estate guide, daily real estate update May 30, 2024 · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: It is Connor with Honor.
• 0:01
  SPEAKER_00: Today is going to be the 30th of May 2024.
• 0:04
  SPEAKER_00: This is your daily Santa Clarita real estate update.
• 0:06
  SPEAKER_00: I'm going to pull the last seven days, and I'm going to give you something interesting.
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  SPEAKER_00: I think you're going to enjoy as far as price ranges per bedroom count for lowest to highest in each one of the Santa Clarita Valley cities.
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  SPEAKER_00: So beginning 372 total active listings on the market currently for sale in all of Santa Clarita Valley.
• 0:24
  SPEAKER_00: This is how the seven-day breakdown is, 12 coming soon, 62 new listings, 60s have their prices changed.
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  SPEAKER_00: Back on market properties, 19, 21 properties went active under contract, 61 pending, 57 closed, one expired, seven canceled, 10 put on hold, one withdrew from the market.
• 0:39
  SPEAKER_00: Here's what's happening.
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  SPEAKER_00: So what I did is I ran through some numbers of all the real estate inventory currently, four bedroom homes for price range by city, Valencia, lowest 745, highest 2 million, 49,995.
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  SPEAKER_00: Total active numbers for residential real estate in Valencia currently 25 properties coming soon five.
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  SPEAKER_00: Saugus, California, lowest property,$700,000.
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  SPEAKER_00: Currently for sale, highest$1,499,000.
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  SPEAKER_00: Total active listings in Saugus currently$20,000, coming soon listings three.
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  SPEAKER_00: Canning Country, lowest property price,$335,000.
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  SPEAKER_00: Highest$5,400,000.
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  SPEAKER_00: Total active$15,000, coming soon two.
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  SPEAKER_00: Stevenson Ranch,$999,000 is the lowest property price currently active on the market for sale.
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  SPEAKER_00: Highest$1,149,900.
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  SPEAKER_00: Total active listings$10,000$1.
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  SPEAKER_00: New Hall, California, lowest property price,$875,000 currently listed for sale.
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  SPEAKER_00: Highest$30,100,000.
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  SPEAKER_00: Total active listings$12,000 coming soon too.
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  SPEAKER_00: So looking at the real estate market here in Santa Cruz Valley, it is still very much a seller's market.
• 1:52
  SPEAKER_00: People are looking at those interest rates, and that is really uh it's filling the news cycle.
• 1:57
  SPEAKER_00: They're up, they're down, they're up, they're down.
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  SPEAKER_00: What ends up happening if you're a real estate buyer, do not bet on interest rates coming down if that's going to be the reason why you're buying today.
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  SPEAKER_00: Buy today and be happy.
• 2:11
  SPEAKER_00: Well, understand what your all-in payment is today.
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  SPEAKER_00: If interest rates come down in the future, fantastic, it's a win.
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  SPEAKER_00: If they don't, you're still okay, at least.
• 2:23
  SPEAKER_00: You know going in what your payment is and you're okay with that.
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  SPEAKER_00: You understand that that's probably not going to change.
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  SPEAKER_00: But if it does, it's gravy.
• 2:30
  SPEAKER_00: You did fantastic.
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  SPEAKER_00: The other thing, people are asking me if they should be buying down their rate now within the process.
• 2:37
  SPEAKER_00: If it were me, I probably wouldn't spend the money, but it's going to depend on the cost and how long it's going to take me to recoup what the buying down the rate fee, uh, what the buying rate down the rate fee is going to be.
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  SPEAKER_00: So I need to work those numbers.
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  SPEAKER_00: You should as well.
• 2:53
  SPEAKER_00: I'm Connor with Honor.
• 2:54
  SPEAKER_00: When you're ready, reach out, be well.
• 2:56
  SPEAKER_00: Connor with honor over and out.