If you have been in the "real estate" game since 2010 - you will remember the last "peak" with regard to pending homes sales. That came in April 2010. That was a time in the latest real estate cycle when there were HUGE numbers of "for sale" real estate in escrow.
Offers had been written and accepted on those properties. Recently - We hit our Second Peak in the real estate market. Today's ultra low interest rates have been bringing the buyers out in droves to purchase residential real estate. (instead of the tax credit being the reason - the super low interest rates are)
Everything cannot keep going up and up. There has to be a ceiling then a push-back somewhere. Most of the agents, lenders and brokerages thought the real estate market was going to increase forever. That was impossible, as we saw back in early 2007 when the Big Sub-primer Fell - kicking off the collapse of the real estate market.
Even temporary gains will be broken over time. This is good intel to know when approaching the Santa Clarita home buying plate. It is better to use Market Data to formulate your Santa Clarita real estate game plan.
We have a few options regarding Market Data in the Santa Clarita cities and research points.
- click here to view our interactive pricing pages for each of the Santa Clarita Cities. This resource has adjustable graphs that you can adjust going all the way back to the height of the real estate market to view all the price points.
- This link goes to our "inventory" pages for the Santa Clarita Cities. -inventory is a driving factor in real estate prices, all of it's own. Especially when there is some "reason" for people to be buying homes. Today that reason is the "lower than ever" interest rates.
- If you want your very own market reports for the Santa Clarita cities of Canyon Country, Castaic, Newhall, Valencia, Stevenson Ranch, Saugus and Acton - click here to subscribe to our Real Estate reports.