Santa Clarita real estate update March 3, 2014 by Realtor Experts

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Information about Santa Clarita real estate update March 3, 2014 by Realtor Experts
Real Estate

Published on March 3, 2014

Author: Paris911com



The supply and demand regarding real estate in the Santa Clarita Valley cities has been up during the past two weeks. In fact, the buyers we are working with love our aggressive stance when it comes to how we get them the listing they want and how we go about it. We have seen that the local Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone. Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding. nventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Market Update by RE/MAX of Valencia Brought to you by The Paris911 Team

We have noticed the Santa Clarita Markets have decreased regarding their Days on Market Timeframes. We also noticed this was the same case we had during this last week as compared with the week before. Sellers can rejoice that the time it’s taking to sell residential real estate is reducing.

Buyers are also using financing that is typical for this time of year, with as little down payment as possible. However, most of the buyers in the market are not virgin to the real estate process, they have bought before. The know real estate, they know good representation and they know what they want.

FHA offers buyers a 3.5% down payment. VA - The Veterans Loan, if one can qualify has a No Down payment option. Conventional Loans can be obtained at 5%, 10%, 15%, 20% and more down payment. Make sure you are working with a reputable lender, it can mean the difference between you getting what you want and not.

When Searching for real estate online, some of the systems don’t even receive the listings for at least 48 hours. Searching on your own Realtors Website is where you are going to see updates every 15 minutes. If you don’t have a Realtor, contact us ASAP and we will get you in for a Game Plan Meeting.

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