Be the first to like this
We have been watching as the local
real estate markets have been
straining with the addition of more
real estate inventory.
You can see that the market is in the
process of making a change from
a sellers “controlled” market to
This change will take place over the
next several months if buyers
activity is not spurred and if
we continue with the addition of
The interesting thing about Canyon
Country comes in the way of it’s
increases on Days on Market
Meaning, It’s taking longer to sell
Single Family Homes in Canyon
The additional inventory is potentially
the culprit with slower buyer demand.
When showing real estate in Castaic,
We know for sure that a buyers
dollar can go further when compared
with some of the other Santa
Clarita Valley Cities.
With a Price Per Square foot dynamic
$242 - We still see that figure less
than most of the other Santa
Clarita Valley Cities.
Castaic is still in a strong sellers market,
but is moving toward a Buyers
Real Estate market.
Newhall California is exhibiting an actual
downward price trend as it applies
to the Single Family Homes.
We see that we also have a increase
in Days on Market Time Frames.
Meaning, it is taking longer to sell
Single Family Homes in Newhall
CA as compared with weeks past.
We also see the Newhall CA market
starting to move from a “Primarily”
Sellers real estate market to a
You may be asking where Santa
Clarita CA “proper” is. For the
purposes of our Single Family
Housing Market Reports - This
is the area of Saugus CA.
Within Saugus - We have flatlined
as far as Median Listing Prices are
concerned. You can also see that
the Price Per Square Foot figure is
very attractive to the real estate
buyers wanting the larger homes for
This market is still moving from
A Sellers market to a buyers!
You can see that we have had not
had much “inventory” added
between this week as
compared to last week.
The Days on Market timeframes
have reduced to 69 DOM
We also see that on this report,
the Median Home Sizes are 3174
square feet in size.
The Stevenson Ranch market
is feeling the strain of the additional
inventory and Buyers slowing down
This week we see the Median Listing
Prices in Valencia CA Flattening out
We also deduce from our latest
Valencia CA market update report,
that Valencia CA is experiencing
a Days on Market Time increase.
It’s taking longer to sell Valencia CA
Single Family Residences.
The Sellers market that we are
experiencing today is straining
and moving slowly toward a
Buyers Real Estate Market.