The condo and town homes are selling throughout the Santa Clarita Valley Cities and within the North end of the Greater Los Angeles City, known as the San Fernando Valley.
If you look at the local SCV - Santa Clarita Valley and the SFV - San Fernando Valley markets you will see a lot of similarities.
Both markets are slowing down as far as numbers of units being sold on a weekly and monthly basis.
You will also see that the Days on Market Times frames are increasing, with little exception.
The prices are also holding steady and have flattened out for most of the Condos and Town homes in the SCV and SFV.
Single Family residences in both the SCV and the SFV are also selling at a slower pace than excepted during this time of year.
While the Fall and Winter, historically, always have increased Days on market time frames, we did not expect to have real estate inventory that is not being replenished at the rate it is selling.
This has placed our local market in a bind with regard to the "move up" sellers.
In order for a person to want to sell their home, they need someplace to go. Without the "desired" home being on the market, there is no reason to sell.
Listing and Hoping is not the proper way to conduct one's real estate endeavors. A written out plan is very important to those who have been considering selling a home and moving on.
Make sure you team up with us when you are ready to make any movements :) - (real estate movements, that is :) )