Published on February 18, 2014
GREATER LOS ANGELES – SANTA CLARITA REPORT HOUSING MARKET REPORT BY PARIS911.COM
LOS ANGELES CONDOS / TOWNHOMES
LOS ANGELES SINGLE FAMILY HOMES
SANTA CLARITA SINGLE FAMILY HOMES
VALENCIA CA SINGLE FAMILY HOMES
STEVENSON RANCH SINGLE FAMILY HOMES
CANYON COUNTRY SINGLE FAMILY HOMES
CASTAIC CA SINGLE FAMILY HOMES
MARKET OBSERVATIONS • The market is attempting to move from being a sellers market to a buyers market. • We are watching as sellers are not able to obtain the amount they want for their homes and condos – so hence the price reductions happening. • However, the median sales prices are not reducing, they are holding steady.
MARKET OPINION • More inventory will be coming in the way of real estate re-sale. • Sellers are going to have more competition regarding keeping home buyers attention. • We are going to see a “typical-seasonal” buyer increase come the end of the 1st quarter of 2014. • However, the market will not shift from being a sellers to a buyers market unless we have an overabundance of inventory enter the “re-sale” market.
REAL ESTATE BUYERS TIPS • Get prequalified by both a main line bank and a Mortgage Broker • Obtain copies of your credit report from the first lender you interview • Make sure you ask your Realtors Opinion as to who you should be working with in the lending profession • Work with only local real estate agents – Team or Solo is okay, Google Them!!!
REAL ESTATE SELLERS TIPS • Look at the current value of your home in an apples to apples comparison • Ensure those Realtors you are interviewing are giving you factual information • Be weary of the Estimates obtained on-line for your properties value • The Real Estate companies reputation is as important as your chosen Realtor’s reputation. • Due Diligence is the key to hiring the BEST!
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