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