Santa Clarita Valley Real Estate

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Down Market Offers Ideal Opportunity for Homeowners Looking to Move Up According to Jim Weichert, many current homeowners mistakenly think it's not a good time to buy because they are focused on what they might have sold their home for in the past. Once they realize how beneficial it can be to trade up now, both financially and personally, they often have a change of heart. Take for example, a homeowner who paid $300,000 for a home several years ago. If prices in their market declined by 25 percent, they would experience a $75,000 loss upon the sale of their home. However, if they are also buying a larger home that had cost $600,000, they would now benefit from a $150,000 savings on their purchase. This is a $75,000 gain in overall equity as a result of moving up. In addition, when prices begin to rise, this trade-up buyer will see greater appreciation in their new home than their previous one. With home affordability near record highs, those looking to move up can get more for the

Santa Clarita Valley Single-Family Homes Statistics Santa Clarita Valley Single-Family Homes Sales Increase 23%, Posting 5 th Consecutive Month of Gains Santa Clarita Single Family existing single-family homes picked up during May in the Santa Clarita Valley, posting the fifth consecutive month of increases, the Southland Regional Association of Realtors ® reported. Realtors® closed escrow on 220 homes, an increase of 22.9 percent over a year ago May and 23.6 percent higher than the tally reported this April. May also marked the first time since June 2007 that more than 200 homes sold in a single month. Every month since January has seen more homes sold than the prior year. Santa Clarita Condominium sales remained sluggish as prospective buyers preferred to focus on single-family homes that for the first time in years are being offered at favorable prices by owners who are willing to negotiate and make repairs or concessions. The market is showing signs of stabilization as we ente