We have concluded the real estate market reports for the Santa Clarita Areas in which we serve our real estate clients.
You can see some beginnings in the "prices being reduced" category when it comes to Single Family Homes in three out of the four below cities.
We will be commenting more about this in the future when it comes to our Santa Clarita real estate radio show.
Castaic, Valencia and Canyon Country are all seeing slight depressions in sales prices. Stevenson Ranch is still in the process of flattening out with regard to the sales prices of Single family homes therein.
This weekend, I was showing a couple of our clients the homes in the 650-750k dollar range in Stevenson Ranch. We looked at homes that were around 2500 square feet. Most had some quite remarkable views and two others had those views and were located on cul de sac's in Stevenson Ranch.
When approaching the real estate purchasing venue, make sure your realtors are truly giving you the right intel when it comes to evaluating real estate.
We will have to keep our eyes on the levels of real estate inventory, and watch how it develops over the next few months to see if the switch will take place from a real estate sellers market to a real estate buyers market.