When we had a majority of our Santa Clarita real estate market in short sale, price reductions were also common.
However, today - due to the investor pull back, the real estate listings are not moving as quickly. The days on market are increasing, and the properties that are listed for sale are mostly being purchased by "owner occupants".
The "owner occupant" is the person that is going to live within the property. With the absence of investors, "real estate had gotten too expensive too fast" to make sense for them(the investor) when they penciled out the numbers, owner occupant buyers are able to call their shot more effectively today.
Here are the Santa Clarita real estate market reports, have a look at the PDF reports.
If you wish to get your very own reports for the local Santa Clarita real estate markets or Beverly Hills CA - head to our main REMAX Website at Paris911.com and type into the MacBox the word "report" without the quotes.