What's Happening in Real Estate?

🔍 Market Overview:

• Active Listings: 472 properties across Santa Clarita Valley 🌄, covering all cities and residential types – single-family homes 🏠, condominiums 🏢, and townhomes 🏘️.
• New Listings (Last 7 Days): 75 new opportunities for buyers!
• Sold Listings (Last Week): 48 homes have found new owners.
• Properties in Escrow: 52 homes are currently under contract.

Property Types:

Single-family residences are what most people think of – standalone homes with different configurations. Some might share a common wall with a neighbor, especially in older developments 🏡. Newer homes might have zero lot lines, meaning your property line might extend into your neighbor's yard for maintenance purposes 🛠️.

Average Days on Market:

• Valencia: 35 days from listing to sale. 🏡 Typical 3-bedroom, 2-bathroom homes are moving quickly!
• Castaic: 42 days – slightly longer but still brisk!
• Saugus and Newhall: 30 to 40 days.

Price Changes:

We’re seeing 60 to 70 price changes every week, mostly reductions 📉. These aren’t huge cuts – typically $3,000 to $10,000. Sellers adjust prices when their homes aren't getting offers. It’s a reflection of the current market conditions and sometimes an emotional reaction from sellers who might think there's something wrong with their property.

Commission Concessions:

The big change coming up is the removal of commission offers from the MLS due to a lawsuit. Here’s what that means for you:

Buyers:

• You won’t see commission offers for your agents online anymore. Before you see homes, your agent will need a signed Buyer Broker Agreement 📝. This contract specifies what you will pay your agent for their services.

Sellers:

• You’ll need to decide whether you’ll pay a buyer’s agent to bring a buyer to your property. This used to be standard, but now you have options. You might also negotiate dual agency, where one agent represents both buyer and seller, but consider the pros and cons carefully.

Commission Disclosure:

• No more public offers of commission for buyers’ agents. It’s all about transparency and negotiation upfront. This change encourages open discussions about how much agents are paid and who pays them.

Showings and Open Houses:

• Showings can be coordinated to minimize inconvenience 🕒. Weekend open houses or evening showings can work fo

Youtube Channels:

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From first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.

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Real Estate:

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