It's amazing watching our Santa Clarita home inventory drop like a rock. Currently there are 921 homes for sale in Santa Clarita as of today.

With days like May 13th and May 14th 2009, it's no wonder we're seeing large drops in the inventory.

Over that 2 day span, there were 24 new home listings in Santa Clarita. That's great, until you consider over that same two day period there were 71 homes that went into escrow and came off the market! WOW! That's almost 200% more homes going into escrow than the amount being listed here in Santa Clarita.

Essentially there is a lot of buyer competition for homes in Santa Clarita that are either regular sales, or bank owned (REO's) homes. Of the 921 homes for sale today, almost half are short sales - meaning, not too salable. Call us to find out why (another subject for another day). So what that means is that only about 500 homes or less, are actually available to be sold quickly. That includes the smallest condos, to the largest estate homes. That leaves little selection. So buyers are all nose diving on the same regular or bank owned sales, and only one is victorious, leaving several disappointed and destined to wait for the next best deal that they "might" have a shot at assuming they don't get beat out in the negotiations again.

To discuss the real estate market in Santa Clarita, and how to be successful with your next purchase or sale, please contact us to do so.

- The Robert & Brian Team @ Realty Executives Valencia

661-964-1760 or www.TheScvAgents.com