Things are heating up in the Santa Clarita Valley real estate market.
In Santa Clarita, we’ve seen single family home prices rise over 15 percent in the past year, and condo prices jump $46,000 in equity. For homeowners, this is great news. Those who are considering selling their homes should see these rises as a great opportunity to get the best value for their home.
Homes in High Demand
Late last year, it was predicted by some financial experts that mortgage interest rates would rise to over 5 percent due to the reduction of federal dollars that had stimulated the mortgage-backed security market. Even with a $30 billion monthly reduction, interest rates are still hovering in the low 4 percent range. This news is bring out qualified buyers who are looking to take advantage of their increased buying power and find the home of their dreams.
More good news for buyers is that even though active housing inventory for sale is still lower than average, it has doubled from this time last year. Currently there are just over 800 homes for sale in the SCV. We’re still a little off balance, as a “normal” market in the Santa Clarita Valley would see at least 1200 homes for sale. In any case, buyers now have at least a little breathing room in selection of inventory.
Lock in your mortgage rate now!
Sitting on the fence with regard to buying a home fills more “would-be” buyers with regret than anything else. Market statistics show a steady increase in real estate equity. Imagine of you bought your home last year instead of holding off, you would have (on average) $65,000 in equity already built up. That’s quite a return on your investment!
Can’t find the home you want?
This is why you should always hire a licensed buyer’s agent to help you find the home of your dreams and help you realize all of your real estate goals. Team Avalos networks with hundreds of other real estate agents in and around the Santa Clarita Valley, and we catch wind of homes for sale even before they hit the market. Spending a little bit of time with us before your search to let us know your wants and needs goes a long way in helping us find you a home fast.
Team Avalos Real Estate
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355
Office: (661) 290-3743
Carlos direct: (818) 399-4093
Rose direct: (818) 590-2077