Real Estate News & Market Trends in Santa Clarita 

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 24, 2020

2020 COVID-19 Market Showdown!

Santa Clarita Housing during the Pandemic                                      **The numbers are shocking**

 

Unbelievable statistics as you can see below.  During mid-May I noticed this market taking a turn in a positive direction. Ask any professional and they will tell you, there is a lot of traction and excitement in real estate.  In April, I predicted that real estate would be one of the building blocks to get us back towards recovery.  Today we are seeing appraisers having challenges valuing property at a price that buyers are willing to pay.  In other words, we are seeing much buyer enthusiasm, multiple offers and homes selling for over asking price.  Now be cautious - because some home sellers are emotionally attached to their homes and are pricing them well above normal.  Recently, I have negotiated offers $10-$15K below the asking price. So your agent really needs to be in tune to where market values are in relation to the seller's feeling that they have the best home in Santa Clarita Valley.  

Please contact me if you have any questions about the real estate market, I would be happy to share with you my knowledge that I have gained through over 20 years in Santa Clarita. Cell: 661-714-4447  Office: 661-255-9595

Sincerely,

 

Miguel Soler                       

*year to date numbers are Jan.-May 2019 and Jan.-May 2020

For additional videos and other information please check out my video library here.

Posted in Blog
May 15, 2020

What's Happening with Interest Rates

Miguel Soler in Discussion with Steve Tampus

 

For additional videos and other information please check out my video library here.

Posted in Video
May 12, 2020

COVID 19 - Forbearance and What it Means for You

Miguel Soler in Discussion with Steve Tampus of Augusta Financial

Mortgage Forbearance Key Points

EACH MORTGAGE LENDER HAS THEIR OWN POLICY.

  • Mortgage forbearance does not reduce how much you owe, and the total amount of your deferred or reduced payments must be repaid in the future.
  • After your forbearance period, you will be required to repay the total of your deferred or reduced payments, plus interest. This may be required to be paid as a lump sum single payment, Talk to your lender!
  • Forbearance will require you to make larger future payments to repay what you owe, and it may extend the length of your mortgage term.
  • If you are unable to satisfy the terms of your forbearance, it could lead to foreclosure.
  • Entering into forbearance may disqualify you from obtaining a new mortgage in the near future, whether to purchase or refinance a home.
  • It may not be possible to receive forbearance a second time, so it should be saved for when you need it the most.
Posted in Video
May 12, 2020

COVID 19 - I Need to Sell My Rental (1031 Tax Deferred Exchange)

Miguel Soler in Discussion with Ken Harris of First American Exchange

Download 1031 Exchange Info

Posted in Video
Feb. 19, 2018

Saddle Up and Head Out on Saugus Property

Breathe a breath of fresh air while exploring Saugus property on horseback. Saddle up and get to exploring the lay of the land at Don E. Brook Farms. Trail rides expertly match horse to rider. Friendly mounts aim to please and are playful yet sure and steady. Trail hands lead the way along paths winding through pleasantly picturesque scenery. Hour long rides satisfy the novice and find many yearning for longer excursions. When love is in the air sunset dinner rides are just the ticket. Horse and rider teams meander along the route as the sun sets prettily. Making the way back to the farmstead the evening meal is served. Catered meals coupled with a campfire create an intimate and magical vibe perfect for romantic moments.

Besides trail rides Don E. Brook Farms serves all the equestrian needs of the Saugus real estate area from simple jaunts on the trails to riding instruction and boarding. 

There’s Plenty of Horsing Around on Saugus Real Estate

Lessons are available daily on the Saugus property. Professional teachers work with all levels of students, youth and adults. Group lessons vary between English, Western and Flat. Other classes feature Barrel Racing and Gymkhana. Jumping lessons are quite popular with Saugus property equestrians. Walk ins are always welcome to saddle up and join in  anytime. More information about lessons can be found here.

Creativity is in the works on this piece of Saugus real estate. Parties are often held at the farm and the birthday boy or girl the envy of all invited. In the Rodeo Wrangler Party young cowfolk maneuver the ropes and learn to throw a lasso. Get girly with glitter with the Unicorn Magic Party. City Slickers features campfire dining and leisurely rides.

Located at 28680 San Francisquito Canyon Road this is the place to go to horse around. A long history spans over five decades. The folks here know what they are about and they take pride in high quality beloved horses and their dedicated team of workers.

 

Posted in Blog
Feb. 13, 2018

Golden Years Are Grand on Santa Clarita Property

Seniors are all smiles on Santa Clarita property at the Santa Clarita Valley Senior Center. An amazing resource for those in their golden years, the facility holds a variety of workshops, classes and programs just for the elderly.

Locals over sixty keep on learning with a full calendar of classes. Fitness is a key component to staying healthy. High energy fills the room for Zumba while the mood becomes flexible during yoga and chair yoga. Dance classes sway to the beat with swing dance. Next door line dancing kicks it up a notch. Creative juices flow with arts and crafts. Friends share the gift of gab during knitting and needlepoint circles. Lighthearted bouts of competition is the norm for bingo, chess, billiards and card games. New languages are easily mastered as is the latest in technology tools. Traveling is for the young at heart of any age. Trips and tours are regularly scheduled to various locations of interest. Local excursions feature destinations such as the San Manuel Casinos, Santa Anita Race Track and Descanso Gardens. Longer jaunts find Santa Clarita property residents escaping out of state and sometimes even out of the country.

Smiles All Around in Santa Clarita Homes

Leading the charge the center offers the only adult day program for those diagnosed with Dementia, Parkinson’s and Alzheimer's disease in the Santa Clarita Valley. Quality care including social engagement and mental and physical stimulation is designed to promote independence and the ability to remain in one’s own Santa Clarita home for as long as possible. More details are available here.

Located at 22900 Market Street the Santa Clarita Valley Center is easily accessible. Hours are Monday through Friday from 8 a.m. to 4:30. Outside assistance is provided for homebound seniors including transportation and meal delivery. Additional information regarding these services and others can be obtained by calling 661.259.9444.

 

Posted in News
Feb. 12, 2018

Slip Back into Time on Santa Clarita Real Estate

Trek about William S. Hart Park on Santa Clarita real estate and then head on up to mansion at the top of the hill. Once home to Hollywood great silent film star William S. Hart, the land now serves a wonderful place for recreational fun. In the park open spaces beckon picnic goers. Blankets are spread on soft grasses. Under towering California Oak trees books are avidly read while youngsters run and frolic about. Nature trails appeal to hikers. Nearby a barnyard is filled with friendly animals looking for a handout from visitors. Many love to observe a resident herd of bison making this landscape their Santa Clarita home.

Live Life Richly in a Santa Clarita Home

High on the hill and rich with vivid history sits a Santa Clarita real estate wonder. Inside the William S. Hart Museum a treasure trove of memory invoking items wait to be discovered. Over twenty rooms display an impressive collection of Western and Native American art alongside early Hollywood memorabilia owned by Bill Hart. The only way in is by guided tour. Both on the hour and on the half hour, docents open the redwood front door to guests inviting them inside. Greeted by an amazing foyer tourees are often awestruck by the simplistic yet opulent beauty of this 1920’s property. It’s easy to imagine the lifestyle lived while observing the formal dining room, living room, service area and guest room. A dedicated pet parent visitors are treated to a peek inside a bedroom set up just for William S. Hart’s dogs. Tours vary as guides like to change the itineraries up a bit creating a new atmosphere for each experience. After inspecting the main house guests taking the museum trail will find the bunk house which also served as a guest house and getaway zone.

Special events are often livening up the property. Favorite times to visit include western themed open houses and backyard crafting extraordinaires. School aged children take part in onsite history lessons during field trips. Hours to the William S. Hart Museum are seasonal and should be checked before heading over.

 

Posted in News
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
Dec. 9, 2015

The 7 Most Common Code Violations Remodelers Make

A good DIYer knows a lot about tools and techniques, but the best DIYers know about building codes, too. Completing home improvement projects that are code-compliant — and can pass inspections from your local building authority — are the route to a safe and happy home, and well-done DIY projects.

Although few homeowners can claim an encyclopedic knowledge of their local building codes, here’s a heads up on seven of the most common code violations that DIYers are guilty of:

1.  Working Without a Permit

Sure, permits cost money. And if you don’t apply for one, who’s to know?

A lot of DIY homeowners have that point of view, and it’s wrong-headed. Yes, homeowners are allowed to do their own improvements without a contractor’s license, but you still need a permit for many remodeling projects.

That’s important because:

  • You’ll know that your improvements are safe and reliable.
  •  Your work will comply with the latest energy- and water-conservation measures. That saves you money in the long run, and makes your house more marketable when you decide to sell.
  • Work that’s not up to code may be discovered by an inspector when you try and sell, putting a big damper on your plans. You may be required to fix any problems (with added expense) before a buyer will consider making an offer. And if your buyer should later discover fixes that aren’t up to code, you could be sued for repairs and damages.

If you have permits, your project will be inspected. Don’t think of visits from a building inspector as adversarial; rather, they’re opportunities to learn about construction techniques and materials. A building inspector can be a valuable helpmate for the DIYer.

Not all projects require permits and inspections. Start off by inquiring with your local building authority and discussing your project in detail.

2.  Not Testing Older Materials for Asbestos and Lead

Pipe covered in asbestos

Image: Asbestorama

These two dangerous materials lurk in many older building materials, and their disposal is strictly regulated in most states.

Those laws not only protect your health, but protect trash removal workers and landfill operators, too. If you dump tainted remodeling waste, you’re putting others at risk.

Asbestos is found in many common building materials, especially in houses built before 1970, including:

  • Popcorn ceiling texture
  • Vinyl tile
  • Drywall joint compound
  • Hot-water pipe and duct insulation
  • Vermiculite attic insulation
  • Cement shingle siding

Most communities have independent testing facilities that, for $25 to $50, can determine if asbestos is present in samples.

However, even the removal of samples is risky. If you suspect asbestos, contact your local building authority or regional Occupational Safety and Health Administration office to find out the best way to test for and remove asbestos.

Lead paint has been outlawed since 1978. Laws prevent contractors from doing work without taking specific precautions to contain and dispose of lead-contaminated building materials.

DIY homeowners aren’t subject to those laws. But if you’re hiring a contractor to do some of the work, your pro must adhere to the laws or be subject to fines of up to $37,500 per day. Talk about putting a crimp in your plans!

Other than that, your own health may be at risk if you cut, scrape, or sand materials — especially paint — with lead in them. DIY lead test kits are cheap ($8 to $35) and easy to use.

3.  Improper Fastening of Deck Ledgers to Houses

Collapsed deck

Image: Reuben Saltzman

Building a deck is the ideal DIY project — it’s fairly straightforward and materials are simple.

But a recent spate of deck failures reveals that many decks fail where the deck ledger fastens to the house — one of the more technically challenging steps of deck-building.

The North American Deck and Railing Association says two of the most-common mistakes are:

  • Improper (or missing) flashing to keep water from seeping behind the ledger where it can soften and rot out wood.
  • Using old fastening methods, such as plain nails, to secure the ledger to the house.

It’s a good idea to have your deck inspected for proper construction techniques when you build it, and to do yearly DIY inspections and repairs.

4.  Adding a Basement Bedroom Without an Egress Window

Seems like a no-brainer: Junior needs his own bedroom, and you’ve got all this space in your basement. A few walls and carpet and voila! — an extra bedroom.

But it’s not that simple. Codes say that any “sleeping room” must include an egress window that’s at least 20 inches wide and 24 inches high, with a minimum opening of 5.7 square feet — enough for an adult to crawl through.

Because it’s a basement, you’ll likely need to excavate outside the window and add a window well to help keep water out.

The installation of an egress window costs $2,500 to $5,000 — well worth it for your peace of mind and the safety of your family. Without an egress window, a real estate appraiser won’t qualify the space as a bedroom, which may hurt your chances to sell your home.

5.  Venting a Bath Fan into an Attic

You’ve spiffed up the guest bathroom and even added a new bathroom vent fan — nice going. But you aren’t finished unless you vent that fan all the way to the outside of your house.

Venting directly into an attic space might be easy, but your fan is going to deliver plenty of humid air into your attic where is can cause mold and rot.

Building codes say you’ve got to vent the air from the fan to outside your house using a 4-inch-diameter vent pipe.

Some inexpensive bath fans have 3-inch-diameter fittings. If so, buy a piece of converter pipe that changes the diameter to 4 inches.

Related: How to Install a Bathroom Exhaust Fan

6.  Botched Electrical Work

Botched electrical work in a home wall outlet

Image: Industrial Luxury Group

Few examples of home improvement and repair are life threatening, but electrical work definitely can be. That’s why utmost caution is needed when you do your own wiring. Here are a few common wiring mistakes:

Wrong size circuit. Basically, 15-amp circuits are for lighting fixtures and 20-amp circuits are for receptacles. If you’re renovating and want to add a receptacle, don’t splice into a lighting circuit to do it — rather, extend from an existing 20-amp circuit.

An exception is a refrigerator, which can be on a dedicated, 15-amp circuit.

Splicing wires without a junction box. Don’t splice wires together with a couple of wire nuts and some electrical tape and call it a day. All wire connections must be inside an approved junction box. While you’re at it, you can’t hide a junction box inside a wall — it must be visible and accessible.

Missing GFCIs. A ground-fault circuit interrupter, or GFCI, is required for any circuit that services an area where water might be present: bathrooms, kitchens, laundry rooms, garages, and outdoor receptacles. A single GFCI at the beginning of a circuit can protect other receptacles on the same circuit.

7.  Not Following Fence Height Requirements

Fence height

Image: Liz Foreman for HouseLogic

Fences are a major source of disputes with neighbors, and a top source of complaints to local building and planning departments.

Many problems stem from the fact that homeowners, in an attempt to establish privacy, build fences that are too tall. Most codes limit fences on the sides and in the back of property to 6 feet, and 42 to 48 inches in the front.

If you build a fence that’s not in compliance, a complaint could bring a building official to your property with an order to tear your fence down.

Source: http://www.houselogic.com/home-advice/home-improvement/residential-building-codes-common-violations-when-you-remodel/?sf13887134=1&sf13928059=1

March 20, 2015

Effects of 1% Increase Rates

Loan Balance  P/I @ 4.25% P/I @ 5.25% Total Pay Increase  Lost Purchase Power @ Because of 1% Increase In  Effect On Sellers  Effect On Buyers
$300,000.00 $1,475.82 $1,656.61 $180.79 <$45000> Lost Purchase Power Negative – Value Decrease Due To Affordability  
$400,000.00 $1,967.76 $2,208.81 $241.05  <$55,000 =>    
$500,000.00 $2,459.70 $2,761.02 $301.32  <$70,000>    
$600,000.00 $2,959.64 $3,313.12 $352.48  <$83,000> Lost Purchase Power    
Posted in Uncategorized