As 2017 draws to a close, now is a great time to check in on the Santa Clarita real estate market. How do the latest numbers look?
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We are charging into the end of the year. There is just a month left in 2017, so I wanted to share some of the latest numbers from the Santa Clarita real estate market, as well as a few exciting things for you to look forward to.
Inventory is going a little crazy right now. That said, we are seeing a bit of a slowdown in the market as we head into the holidays.
Typically, the market slows down around the holidays, picks up in mid-January or early February, and then slows down again for a bit when school lets out. Then the market is hot all through summer, slows down when kids go back to school, picks up again for a bit, and slows down during the holidays again.
We didn’t see the cycles in our market a few years ago since there were so many foreclosures and short sales, but in the last couple of years, we have started to see those typical market cycles. That is good news.
Although things have slowed down a bit for now, there are still some good options out there.
There are 375 active homes in Santa Clarita as of the filming of this video. That is a really low number considering that we are closing 325 to 350 homes each month. As a result, we probably have one month of inventory available. At best, we have six weeks. This means that if no new homes came on the market, we would sell out in a month or six weeks.
There are 580 pending sales in escrow right now, and 223 homes have closed so far this month.
Now, let’s break down those active listings:
- 90 active listings in Valencia
- 21 active listings in Stevenson Ranch
- 39 active listings in Newhall
- 120 active listings in all of Canyon Country
- There are just under 30 active listings in Castaic
- 70 active listings in Saugus
Something to consider is that 223 of those active homes have been on the market for 60 days or less, which means about 150 of them have been on the market for over 150 days. If you’re curious how these numbers impact your personal situation, please don’t hesitate to reach out to me.
We have about one month of inventory—six weeks at most.
Now, there are two exciting things I want to share with you.
First, we’re rolling out a new website in the next couple of weeks. You will get a notification once it’s ready. We are so excited about the new features on this site. We’ll even have password-protected areas for our VIP clients, friends, and family members.
Next, we are adding to our client appreciation program in 2018. Right now, we own popcorn machines, tables, chairs—anything that you might use or rent for a party, which you can borrow from us for free. We want to add at least one item to our party supply each month as we roll into 2018.
We have more exciting news for you in the future, but we just have to finalize a few things first. If you have any ideas on which items we should add to our party inventory, please let us know.
As always, if you have any real estate questions, just give us a call or send us an email. We would be happy to help you. Happy Holidays!
