Over the last 10 years, our market has experienced extreme highs and extreme lows. Around 2007, it hit a peak and subsequently crashed, but it went back up a few years later. That upward momentum continued until around last year, when things began to flatten out. Now, the market is forecasted to stay steady for one to two years. We’ll experience normal levels of appreciation between 2% and 4%, and there are two factors that indicate this: Inventory is still fairly low, though it’s growing in some areas, and so are interest rates. Since neither of these factors will change overnight, we can expect a consistent market for a while. If you want to talk about buying or selling a home, have any questions, or need more information, feel free to reach out to me. I look forward to hearing from you soon.
It’s time to look at how our market is performing so far in the early part of 2019. Let’s get right to it: As of now, our active inventory is at 557 homes throughout Santa Clarita Valley and 361 home sales are either pending or in escrow. Year to date, there has been a total of 288 closings. As you can tell, our market is experiencing a general upturn, with more homes in escrow than what was true of the same time last year. However, active listings haven’t budged much from where they were a year ago.
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The marriage of amazingly low rates and our active listings leveling off is encouraging for the strength and stability of our current market.
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Interest rates have been tempered as well. In fact, we’ve seen some conventional loans as low as 4.5% as well as FHA and VA loans situated at 4.125%. The marriage of amazingly low rates and our active listings leveling off—which means homes are still selling well—is encouraging for the strength and stability of our current market. This is to say that there are still moves to be made and plenty of opportunities to secure the best deal possible. If you have any questions related to our real estate market and how it affects your personal situation, don’t hesitate to reach out. Put us to work for you!
Now that we’ve transitioned into 2019, we’re happy to announce that our team has also transitioned into a new office! Don’t worry, though—we have no plans to leave RE/MAX Santa Clarita. We have a great relationship with the company and an amazing support staff and system to serve our clients’ needs at the highest level. The move wasn’t drastic by any means: We’re still on the same road between Lyons Avenue and Calgrove Boulevard, right off the 5 Freeway. We’ve gone from that white building into the big, brick building across from In-N-Out and the hotels nearby. We look forward to doing some client events at our new location in the future, as well as bringing you more videos that’ll acquaint you with the new space and introduce you to everyone who’s hard at work to protect your real estate investments! If you happen to be in the area and need anything from us, we’d love for you to drop in, say hello, and let us know how we can help.
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We’re happy to announce that our team has transitioned into a new office!
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For a moment, let’s turn our attention to the 2019 market and how it’s performing so far: Though it was slow going as we entered the new year, our market has again begun to pick up speed. We’re seeing multiple-offer situations spring up, interest rates are staying at historic lows, and correctly priced homes are still selling for top dollar. With the right amount of patience, some persistence, and a game plan, you can take advantage of what our market has to offer right now, and we’re here to assist you with that. For help with any and all of your real estate needs, don’t hesitate to give us a call. We look forward to an awesome 2019 and to talking to you soon.
