History of the Santa Clarita Real Estate Market
In recent years, the history of the Santa Clarita real estate market has been both wild and interesting. Who really knows what the future holds, but instead of deleting these old real estate market updates from our website, we thought it might still be useful for our buyers and investors, to look back at the headlines and help with their future real estate plans. Regardless, by looking back at our history, maybe we can learn something and perhaps prompt us all to keep a closer eye on our investments. See below the most recent market update. Under that, we provide a quick look going back to 2011. Basically, the headlines and excerpts from all the old Santa Clarita Real Estate Market Updates, as originally published here.
Recent Market Update for Santa Clarita
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2015 to 2021 – Santa Clarita Real Estate Market Update
Incredible time period for the real estate market, but the most drastic price changes happened in 2020 and 2021. Basically, interest rates dropped to all time lows but housing prices went to all time highs. We also experienced a low inventory market and as of 2022, the inventory is still way too low. Regardless, homes are being listed, bought and sold at a furious rate and even though prices are higher, the low interest rates kind of balance it all out. Right now, as of February 2022 the home prices are finally leveling off, perhaps even dropping just a touch.
4/28/14 – Santa Clarita Real Estate Market Update
In the last 10 months the housing inventory in Santa Clarita has improved from about 375 homes back in July of 2013, to just under 600 homes on the market today. Yes, interest rates are rising and home sellers are no longer being bombarded with homebuyers. Regardless, homes are selling and financially qualified first time homebuyers have an opportunity to make their dream of homeownership, come true. We strongly urge all homeowners to pay attention to mortgage interest rate projections and watch out for what is happening behind the scenes with our government with regard to mortgaged backed securities. If thinking about selling, we strongly urge you speak with an experienced independent mortgage lender to help you keep an eye on the ball. Seriously, if really thinking about selling your home, be careful!
Real Estate Market Updates of the Past – 10/2/09 thru 5/2014
7/15/2013 – Gregory Real Estate Group Blog Post – Santa Clarita Real Estate Market Update The inventory of homes on the market in Santa Clarita has been dangerously low and home sellers are being flooded with multiple offers to buy. There’s some serious competition among homebuyers and it’s really hurting the first time buyers the most. Inventory is improving and has gone up from just 250 homes as reported a couple months ago, to 375 homes for sale today! This is good news, but keep in mind housing prices and interest rates are going up. With the higher prices the cash investors will start holding back a bit, and the higher interest rates will result in less numbers of qualified buyers. This condition should slow down sales a bit and give home buyers a little better chance at successfully purchasing a home, but at a higher price.
3/8/13 – Gregory Real Estate Group Blog Post – Santa Clarita Real Estate Market Update Thank God, the market has finally shifted! There are currently 258 homes in the Santa Clarita home real estate market, and of that amount, 84% or, 218 of these homes are standard sales. That’s good news because it wasn’t long ago most of the homes listed for sale in SCV were either a short sale or a bank owned property. There are 20 homes for sale that are short sales, and we have just 17 bank owned properties for sale. The fact is, the supply of homes for sale in this amazing city of Santa Clarita does not meet the demand. We need more homes to sell!
2/21/12 – Gregory Real Estate Group Blog Post – Santa Clarita Real Estate Market Results 240 is the total number of properties in the Santa Clarita Valley that changed hands and closed escrow in January, 2012. Here’s the breakdown. 104 Short Sale or Pre-Foreclosures, 70 Bank Owned and 63 Standard Sales.
3/21/11 – Santa Clarita Real Estate Market Update At this time there are 1157 active Santa Clarita properties listed for sale. Of those 1157 listings, 434 are standard sales, which translates to 38% of the total market. Next we have 469 short sale listings which make for 41% of the market. Lastly we have 144 REO’s, or bank owned properties, which is 14% of the market.
2/14/11 – Santa Clarita Real Estate Market Update There are currently 1,178 homes for sale in the Santa Clarita Valley. 401 or 34% of these homes are standard sale homes. 158 or 13% of the current active inventory are bank owned properties. Lastly, 579 of the Santa Clarita active real estate market are short sales.
0/2/09 – Short Sales Overtaking the Real Estate Market – Many homeowners are avoiding foreclosure in the Santa Clarita Valley by trying to short sale their home. There are currently 186 active Santa Clarita short sales on the market ranging in price from $72,000 to $1,999,000. With the number of short sales in the Santa Clarita real estate market continuing to grow, many buyers and sellers are asking one very important question. What is a short sale?