Robust, that's a great word to describe our current market & homes sales activity!
I talk with agents, lenders, associates, clients, daily about the current market. Sellers are receiving multiple offers over list price. Significantly over list price. Buyers are removing appraisal contingencies, offering to pay over appraised value, writing multiple offers.
Yes, this market is robust indeed.
Santa Clarita is my home even though I work all over So. Cal. This blog focuses on SCV and this post includes Acton to the East, Newhall to the South, Stevenson Ranch (lord have mercy, NOT StevensonS people LOL) to the South, Castaic to the North and all the little neighborhoods in between.
Coming Soon ~ The ones that sellers are still getting ready, or like mine, are using that as an extra boost in my marketing plan ~ we have 31.
Active ~ Yikes, double yikes.... ~ we only have 188. That includes houses, condos, townhouses....in all of SCV. Yikes 188. Crazy low.
In escrow, buyers & sellers are in mutual agreement and getting through the disclosure, inspection, loan process... ~ we have a whopping 606. That's pretty remarkable. Betting about 20% are sellers trying to find replacement home during escrow.
And, closed escrow in the last 30 days? 420. Awesome, right? Definitely awesome.
When will this change? Well, my crystal ball says: Hah, just kidding, I don't have one. But, it's all about inventory and interest rates. As soon as we can get some more sellers on the market, it'll start to settle down.
Wanna chat about Real Estate? Just holler. I love talking with people, hashing through ideas, working out problems, making plans for real estate dreams to come true.
~ Lauren@KeepYourWitz.com ~ (661) 313-5470 ~ www.KeepYourWitz.com ~
No comments:
Post a Comment