Chance, Both Buyer and Seller in Santa Clarita, CA

What is the outlook for the next year on homes with current sale prices above $800K versus homes in the $400K range?

Asked by Chance, Santa Clarita, CA Fri May 6, 2011

Help the community by answering this question:

Answers

6
BEST ANSWER
Home sales in the Santa Clarita Valley including Valencia, Stevenson Ranch, Canyon Country, Newhall, Saugus and Castaic in all price ranges have slowed down since October 2010. Inventories have grown and world events, gas prices, jobs report all slowed consumer confidence. The usual Spring home selling season has finally begin, although running about 6 weeks later than expected.

My prediction is that as we get closer to Summer homes priced below $450,000 will sell quickly when priced right. Multiple offers will be the norm for prime locations of Valencia and Stevenson Ranch and other communities will also garner offers at an alarmingly fast pace.

Homes in the higher prices at the $800,000 range will begin to sell and the home owners will only put these homes on the market if they are highly motivated and plan on listing at a price that is competitive. There will be much less competition for these homes and a home owner should take all good offers from qualified buyers seriously. There won't be as many multiple offers or bidding wars in this price range but there are many buyers looking for a quality home price right. A pool a view will really help this priced home sell quicker. Small lots and homes in lesser locations will sit longer than hoped.

Home buyers are looking for move in ready homes so it is essential to have the homes show well!
Web Reference: http://www.TonyLewis.com
0 votes Thank Flag Link Fri May 6, 2011
As a response from the "NonRealtor" post, whoever that is, the response is not useful. If you are asking the difference between market outlook in different price segments a ridiculous blanket response is not useful and in this case it is wrong. Prices in Santa Clarita in the $400K market segment are actually up nearly 3% from this time last year. While nationally there is a "double dip" under way in many markets, we are not in one here in Santa Clarita.

Again, if you'd like more specific answers that are useful, I would need to know more about your specific situation. Please do not hesitate to call or email to follow up. I've been selling Real Estae in the Santa Clarita Valley for over 20 years and I can tell you our market is fickle. Sometimes there is a huge difference just by looking at one street versus another. So no good data can be put together without a more complete understanding of what your needs are.

Sincerely,
Richard Szerman
Silver Creek Realty
rszerman@silvercreekrealty.com
661-253-3000
0 votes Thank Flag Link Fri May 6, 2011
Wait to buy, prices are declining. Good Luck
0 votes Thank Flag Link Fri May 6, 2011
Cheaper homes sell faster. There are more buyers available for the cheaper houses. In Santa Clarita the average price is about $400K. Homes in the higher price ranges usually take much longer and are often forced to give more concessions to buyers. It sounds like you have a very particular situation. It is impossible to give good acurate advice without knowing more about what you are trying to accomplish.

If you'd like to contact me directly I can give you better advice. Every situation is different.

Sincerely,
Richard Szerman
Silver Creek Realty - 661-253-3000
0 votes Thank Flag Link Fri May 6, 2011
You will have to be more specific in terms of an area. What is true for for Stevenson Ranch may not hold good for Canyon Country or Santa Clarita Valley in general. Santa Clarita too differs significantly from comparisons with Sherman Oak and La Canada. To make a point, reasonable predictions can be made if the target area is narrowed down. So which area are you referring to?
0 votes Thank Flag Link Fri May 6, 2011
Predictions are very difficult......especially about the future.
Web Reference: http://www.321property.com
0 votes Thank Flag Link Fri May 6, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer