Tag Archives: move to santa clarita

Shift In Real Estate Market Creating More Opportunities For Buyers

SCV housing prices leveled off in September while interest rates dropped. Is it time to jump into home ownership?

New statistics recently released from the Southland Regional Association of Realtors showed single family home

Team Avalos Real Estate Santa Clarita
Rose and Carlos Avalos

prices leveling off in the Santa Clarita Valley for the month of September.

Home values dropped slightly from $523,000 in August to $515,000, which is not untypical for this time of year. Condo prices held steady, with no decrease month over month between August and September.

This however may create better opportunities for home buyers looking to get into property ownership before the end of the year.

Interest rates still dropping.

Despite rumors of a rise by year’s end, mortgage interest rates continue to fall, and are holding below 4 percent, giving home buyers a continued boost in their purchasing power. As of the date of this article, mortgage rates are holding as follows: Continue reading Shift In Real Estate Market Creating More Opportunities For Buyers

Condos Rise, Single Family Homes Take a Slight Dip In January

Home prices hold fairly steady going into 2015 in the Santa Clarita Valley.

New statistics out from the Southland Regional Association of Realtors showed home prices holding steady as we move head on into 2015.Santa Clarita Real Estate Update. Photo courtesy George D. Cummings

January showed single family homes dropping in median price by $15,000, which is not uncommon for this time of year as sales slow down slightly after the holidays. What’s interesting is that condominiums in the Santa Clarita Valley increased in January by $15,000 over December 2014. The last time the SCV saw condo prices jump (rather than fall) in January was in 2006.

This interesting rise in condo prices could be attributed to a few factors:

Federal Housing Administration (FHA) guideline changes for first time home buyers.

The FHA has made several changes to their approach toward first time home buyers in 2014. This included initiating an incentive program called Blueprint For Access. They have also reduced the cost of Private Mortgage Insurance by about 35 percent.  Continue reading Condos Rise, Single Family Homes Take a Slight Dip In January

Interest Rates Dip Below 4 Percent

Mortgage rates hit their lowest in 18 months. Now is the time to buy!

Who knew? Recent positive economic forecasts have had a positive effect on the real estate industry. Considering it was just a little over a year ago that some financial analysts predicted Mortgage interest rates once again on the declineinterest rates over 5%, it’s amazing to see that, as of October 15th, mortgage rates dropped BELOW 4  percent.

So how did this happen, when rates were expected to climb?

If you go back a year and a half or so to early 2013, we saw interest rates dip to historic lows (Nearly to the mid 3% range). Now, rates have been helped along since November 2008 by federal stimulus package known as Quantitative Easing, which pumped $85 billion per month into the Mortgage-Backed Securities market. This of course gave confidence to investors, which helped the Federal Reserve maintain (and even reduce) loan rates.

In the spring of 2013, the Federal Reserve hinted that they may begin tapering off the amount of monthly stimulus, which caused panic among some investors, who began selling off their Mortgage-Backed Securities. This initiated a brief chain reaction, which forced rates to rise to over 4%, where they have been holding for a little over a year.

In 2014, the Federal Reserve began reducing their stimulus, which is now down to $25 billion per month (Saving taxpayers over a half trillion dollars per year). During this time, interest rates held in the very low 4% range. In the past few weeks, the Fed announced no new changes in rates based on positive economic news in the job and investment markets. In other words, they wouldn’t want to “rock the boat” during what’s becoming an exponential positive economic growth spurt. Continue reading Interest Rates Dip Below 4 Percent

Home For Sale In Castaic: 28414 Gibraltar Drive

Beautiful turn key home has 3 bedrooms, 2 baths, and over 1800 square feet of living space!

Team Avalos at Keller Williams VIP Properties is proud to announce their latest listing located at 28414 Gibraltar Drive in Castaic CA.

This is an amazing home, ready for you and your family. Featuring many fabulous upgrades that include hardwood floors, recessed lighting, plantation shutters, dual pane windows, custom paint, just to name a few.

With over 1800 square feet of living space, this home is perfect for you and your growing family. Located in the desirable Hasley Hills area of Castaic, you’ll be only minutes from commuter access to Interstate 5.

The large living room and family room are perfect for family gatherings and entertaining. The family room is pre-wired for surround sound, and also has custom built-in shelving and a cozy fireplace.

As you enter the kitchen, you’ll find plenty of cabinet space along with custom granite countertops, center island, and stainless steel appliances.

Your master suite is complete with a walk in closet, and private bath with dual sinks and separate shower and tub.

The remaining bedrooms are large and perfect for your growing family. They can also be used for home office and flex space.

This home sits on over 7,000 square feet of land, with a large backyard that boasts incredible views as well as a custom built gas barbeque and bar, and gas firepit.

This home is a MUST-SEE, and won’t last long. Contact Team Avalos Real Estate for more information and to schedule a private showing.

Listed at $499,900

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

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Is Santa Clarita Seeing a Mini Real Estate Surge?

More requests from buyers leave agents scrambling to find homes for sale.

Santa Clarita has seen a decent summer as far as real estate goes. Prices and interest rates have remained steady, and we have seen an increase month over month in listings and sales, Team Avalos Real Estate Santa Claritaas well as inventory for sale.

Lately however, it seems there is a late summer surge with regard to buyers looking for homes and, for the first time in quite a while, some real estate agents are scrambling to find homes that will satisfy their buyers’ needs.

So what might be causing this end of summer buying spree?

Interest Rates

Interest rates are still holding in the low 4 percent range for qualified buyers, and even low for certain types of loans such as 15 year fixed and FHA loans. It’s a great opportunity for buyers to flex their purchasing power and get into a home before the end of the year. Continue reading Is Santa Clarita Seeing a Mini Real Estate Surge?

Is Santa Clarita Shifting To a Buyer’s Market?

Low interest rates and more homes for sale in the SCV are giving buyers more options this year.

Data released by the Southland Regional Association of Realtors for the month of July show some interesting trends that are creating more opportunities for buyers, while still Team Avalos Real Estate Santa Claritabenefiting sellers as well.

The median price of single family homes dropped by nearly $14,000 from June, and condo prices dropped by $5000. That being said, sellers should take note that price fluctuations typically happen when the market heats up. We have also seen an increase in the number of escrows opened, and closed, during July…more good news for sellers. A total of 500 homes were listed for sale last month, with 415 escrows opened, and 373 escrows closing. Single family home prices are up by $35,000 from July of last year.

We’re still asking the question: “Why rent, when you can own?”

A lot of you who are still renting do so because you may think your choices and options are limited when it comes to buying a home. Pricing and financing are always two big concerns that keep potential home buyers on the fence, but with interest rates still incredibly low, your purchasing power is at its best. As far as financing goes, there are several options that can create opportunities to get into a home with low money (or in some cases, no money) down. Continue reading Is Santa Clarita Shifting To a Buyer’s Market?

Condos Prices Jump Upward For Third Straight Month

After having a lackluster start at the beginning of 2014, we’re seeing a huge gain for attached homes.

Numbers recently released by the Southland Regional Association of Realtors show the median price of condominiums in Santa Clarita ticking upward again in June ofTeam Avalos Real Estate this year. This is the third straight month of significant gains, increasing by $9000 in equity over May. Condo prices have increased a total of $40,000 since the beginning of 2014.

The rise and fall…and rise of condo prices.

Condos are a great value, whether you’re a first time home buyer, downsizing, or looking for an investment property, they are full of potential from a value perspective. Those looking to purchase a condo should consider their financing options however, as the FHA (Federal Housing Administration) may place limits on financing for certain condo complexes. These limits are based on a few factors, including HOA guidelines and owner/tenant ratios. Contact us for a list of FHA-approved condominiums. Continue reading Condos Prices Jump Upward For Third Straight Month

Summer Home Buying Season Hits The Santa Clarita Valley

Things are heating up in the Santa Clarita Valley real estate market.

This is the perfect time of year to consider buying or selling a home. It’s the best opportunity for families to take advantage of school breaks in transitioning to a new Santa Clarita Valley Real Estatehome and a new neighborhood.

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.  Continue reading Summer Home Buying Season Hits The Santa Clarita Valley

Single Family Home Prices On The Rise In Santa Clarita

Home prices take a positive bump in March as Buying Season begins to heat up.

The median price of single family homes in the Santa Clarita Valley continued to rise in March as we saw a 5% increase in prices between February and March of this year.Team Avalos Real Estate Currently, median home prices are hovering at $462,500, up 10% from this time last year.Year over year prices have risen just over 22%.

While prices aren’t rising month over month quite as fast as in 2013, we are seeing solid gains in home sale. We’re also seeing more homes on the market in the Santa Clarita Valley (Slightly more than double of the available homes for sale this time last year). However, inventory is still very short compared to what’s considered a “normal” market. Currently, there are nearly 800 homes for sale in the SCV, which only reflects about a two month supply. A healthy, balanced “for sale” inventory rests at 1200 homes.

Is it still a “Seller’s” Market?

Home sellers in the Santa Clarita Valley are still in the “driver’s seat” negotiation-wise due to the low availability of homes for sale coupled with continually rising home prices. This, along with interest rates that are still holding below 5 percent, makes for a market that is still pretty hot. Continue reading Single Family Home Prices On The Rise In Santa Clarita

How To Get The Best Loan Rate When Buying a Home

A lower interest rate can improve your purchasing power when it comes to buying a home.

INTEREST RATES ARE STILL INCREDIBLY LOW! Team Avalos Real Estate

We regularly shout it out to remind home buyers not to delay if they are on the fence about purchasing property. As of the date of this article, mortgage rates are still hovering around four and a half percent. When you consider that the historic average is around 7 and a half percent (Based on data collected since 1971), this gives qualified buyers a great opportunity to either buy a larger home, or maintain a lower interest payment.

So what is a “qualified” home buyer?

“Qualified” basically means just as it sounds: A buyer is qualified under certain conditions to obtain a home mortgage loan to purchase property. So what can you do to insure you’re getting the best rate possible? Continue reading How To Get The Best Loan Rate When Buying a Home