What's Selling In the SCV?

Everything! There is so much hoop-lah about doubtful buyers, hard to get loans, challenging sales. But, people are still buying, sellers are still selling....and, yes.....60% of our market is still distressed sales.

Activity right now in Santa Clarita, per our local MLS:

ACTIVE : 1204
Standard Sales : 527
REO's : 152
Short-Sales : 499

UNDER CONTRACT (i.e.in pending or back-up) : 872
Standard Sales : 195
REO's : 147
Short Sales : 530

SOLD IN LAST 30 DAYS : 300
Standard Sales : 119
REO's : 84
Short-Sales : 97

Please continue to pay special attention to the number of active and under contract short-sales compared to the number of sold short-sales. They still remain a challenge! But, the number of closed escrows has bumped up a bit in the last couple of months. That's in our local news. By about 10%. That's great. The inventory has shrunken a bit, but here's to hoping we get more inventory soon!