Year end review Real Estate of 2013 and Beyond

Santa Clarita Inventory Levels

74% Reduction in inventory from 2012 to 2013.

Things have changed quite a bit in the last year! It’s unbelievable to look back a year ago, and see where we are today with inventory, and the scramble buyers are dealing with trying to find homes. On January 6, 2012 Santa Clarita had an approximate total of 1,037 Homes for Sale – Still well below the “Normal Range”. Of the available homes 36% were comprised of equity

sales, 46% short sales, and 17% foreclosures. The market was slower, and it seemed Buyers had their pick of any home they wanted.

Fast-Forward to today, and it’s a completely different story. I don’t think anyone could have guessed this just 12 months ago. Inventory levels have plunged about 74%!!! Buyers are competing for properties, multiple offers are everywhere, demand is pushing prices up, and Sellers are in a better position to sell today. I have provided you a quick snapshot below. If you have any questions, want info. regarding a specific neighborhood, or area you are thinking of buying, selling, or investing please let me know. I am more than happy to provide you the information.

CURRENT MARKET STATS

270 – Active Listings | -7% from Dec. 2012

Of the Active Listings:
• 78% – Equity Sales
• 13% – Short Sales
• 24% – Foreclosures

843 – Homes Pending Sale / Backup

Offer Status

289 – Homes sold in the last 30 Days

3,813 – Homes sold in the last 365 Days (Avg. 318/month)

Average Sale Price Increases

Prices are inching up in Santa Clarita Valley

Average List Price: +8%
December 2012: $419,360 vs December 2011: $386,910

Average Sale Price: +12
December 2012: $360,555 vs December 2011: $321,798

Average Sale Price: +4%
December 2012: $360,555 vs November 2012: $345,350

Includes: Acton, Agua Dulce, Canyon Country, Newhall, Stevenson Ranch, Valencia, Saugus, and Castaic Information is deemed to be reliable, but not guaranteed. Statistics taken from Multiple Listing Service Database.

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