update 11/15/2019 1037hrs pst
Good day everybody this is Connor with honor. I want to give you information regarding the latest Santa Clarita Real Estate numbers. This is going to include the new listings in the listings that are in escrow, and those listings that are actually sold.
I’ll give you today’s numbers and then I’ll track back and give you the last seven days with regard to what’s happening in the Santa Clarita Real Estate market. As far as the last 24 hours goes, here’s that snapshot for real estate activity here in the Santa Clarita Valley. We have three new listings that have entered the market for sale. We are three properties in the Santa Clarita Valley that have had their prices changed. We have two properties that have fallen out of escrow, which includes those properties that now have the back on the market status.
We have two properties that have entered into a contract. We have two properties in the Santa Clarita Valley that have gone pending or Had their status changed to pending. Which would indicate that the sellers do not want to have any further showings and their agent is confident in the offer that they’ve entered escrow with. Two properties have sold in the last 24 hours in the Santa Clarita Valley.
We have no expirations with regard to properties that did not sell within contractual time frames. We have one property that was placed on hold in the last 24 hours. And we have no properties that were withdrawn from listing status in the Santa Clarita Valley.
The last seven days in the Santa Clarita Valley reveal much larger numbers. This is going to be tracking back to last Friday in November 2019. In the Santa Clarita Valley during the last seven days, we’ve had 65 new real estate listings at the market for sale. This number is going to include condominiums, townhomes, and single-family residences both attached and detached.
During the past week, we’ve seen 65 price changes for real estate listings that are currently on the market for sale. Those price changes are going to reflect market stability amongst other things. Looking at those price changes a majority of those are reductions from list price to a new list price. However, if you look at the overall real estate market and the past real estate sales in those communities you will see that these reductions aren’t yet going below the last sold property recordings in those specific areas.
Of course, there are exceptions to every rule, if you were to look deeply you might find a very small number of less than 5%. Here’s another interesting statistic that we’ve been watching during the past several months. And then has to do with properties that have gone back on the market after they had entered escrow.
So it plays out like this, you have a property that’s on the market for sale, a buyer sees the property, that buyer writes an offer on the property, that buyers offer gets excepted and they are now in escrow.
In our scenario. Something changed the buyer's minds related to them purchasing the property. It could be many things. The most prevalent reasons why a homebuyer cancels buying Santa Clarita Real Estate, or real estate in the other area, has to do with getting cold feet. Some buyers are continuing to look at real estate listings for sale, even after they enter the escrow process on a particular property they liked at the time.
Depending on where these particular buyers are in escrow, it could cause them to lose their deposit if they happen to cancel that escrow after removing their contingencies. In most cases that would become a legal matter and there would be other entities involved besides the real estate agents between both parties.
Back to the Santa Clarita real estate news, we have 49 properties that have entered the escrow process. Meaning that a buyer wrote an offer, and the sellers liked the offer and accepted the offer and now both parties are in escrow. You will see these listings still being marketed as active under contract. Those are properties that are in escrow, they are unavailable to be purchased in less they fall out of escrow.
Make sure when searching for real estate you pay strict attention to the status of the listings you’re looking at. There are a lot of real estate websites that attempt to miss lead you in order to get your personal and private information so they can sell it.
As stated in my 24 hour Santa Clarita Real Estate news recap. We have properties that have entered into a status that is known as pending. The pending status is one where the real estate agent and the sellers believe that the offer they currently have an escrow is secure and solid enough to continue and make it to the closing finish line. In the Santa Clarita Valley, we have 52 real estate properties that entered the pending status in the last seven days.
As stated in my 24 hour Santa Clarita Real Estate news recap, We have properties that have entered into a status that is known as pending. The pending status is one where the real estate agent and the sellers believe that the offer they currently have an escrow is secure and solid enough to continue and make it to the closing finish line.
In the Santa Clarita Valley, we have 52 real estate properties that entered the pending status in the last seven days. Moving onto the closed realm. Closed is also known as sold. So if you see online verbiage related to having a home close and closing a real estate transaction that would mean that that home has sold and recorded into the name of the buyer. And the Santa Clarita Valley we have 62 properties that have closed in the last seven days.
Moving onto the closed realm. Closed is also known as sold. So if you see online verbiage related to having a home close or closing a real estate transaction that would mean that that home has sold and recorded into the name of the buyer. In the Santa Clarita Valley, we have 62 properties that have closed in the last seven days.
Earlier, I spoke about expired listings and in 24 hours we had zero. Backing up seven days we see that there were 15 properties that expired, not able to sell within the contractual timeframe as agreed upon between the agents and those sellers.
A lot of Robo dialing, a lot of Internet scrapers, a lot of People called data minors will go out there and find the seller's information and they will sell that information to a bunch of real estate agents and those agents will thereby harass those sellers too much.