Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current short sale and bank owned property statistics in the Santa Clarita.  As of February 3, 2009 here are the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH FEBRUAURY 3, 2009:  

There are 6 single family homes sale.

Average List Price: $549,850          Days on Market: 75

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $575,666 days on market 48.

The bank owned homes sold $25,816 above the average list price.

There are 8 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH FEBRUARY 3, 2009:  

There are 21 single family homes sale.

Average List Price: $537,185         Days on Market: 98

From 1/10/2009 - 02/03/2009 there were 2 homes sold, the average sale price was $438,500 day on market 27.

The short sale homes sold for $98,685 below the average list price.

There are 14 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:  

There are 10 single family homes sale.

Average List Price: $535,800          Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 10, 2009:  

There are 26 single family homes sale.

Average List Price: $537,987         Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 18  single family homes sale. 

Average List Price: $492,100          Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $456,491 days on market 35.

The bank owned homes sold for $35,609 below the average list price.

There are 30 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN VALENCIA FEBRUARY 3, 2009:

There are 81  single family homes sale. 

Average List Price: $461,054          Days on Market: 119

From 1/10/2000 - 02/03/2009 there were 3 homes sold, the average sale price was $396,666 days on market 121.

The short sale homes sold for $64,388 below the average list price.

There are 42 properties in back up or pending status. 

Short sale homes in Valencia are listed for and selling for less then bank owned homes. 

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10  single family homes sale. 

Average List Price: $532,800          Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85  single family homes sale. 

Average List Price: $457,265          Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status. 

Short sale homes in Valencia are listed for and selling for less then bank owned homes. 

ACTIVE BANK OWNED LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 20  single family homes sale.

Average List Price: $371,271          Days on Market: 60

From 1/03/2009 - 02/03/2009 there were 10 homes sold, the average sale price was $412,818 day on market 30.

The bank owned homes sold for $41,547 above the average list price.

There are 26 homes in back up or pending status. 

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS FEBRUARY 03, 2009:

There are 63  single family homes sale.

Average List Price $453,837          Days on Market: 115

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $495,000 days on market 36.

The short sale homes sold for $41,163 above the average list price.

There are 32 homes in back up or pending status.

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20  single family homes sale.

Average List Price: $378,530          Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status. 

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66  single family homes sale.

Average List Price $456,980          Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status. 

ACTIVE BANK OWNED LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 10  single family homes sale.

Average List Price: $326,490          Days on Market: 52

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $338,506 days on market 37.

The bank owned homes sold for $12,016 above the average list price.

There are 17 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL FEBRUARY 3, 2009:

There are 36  single family homes sale.

Average List Price: $404,631          Days on Market: 145

From 1/10/2009 - 02/03/2009 there were 1 homes sold, the average sale price was $330,000 day on market 204.

The short sale homes sold for $74,631 below the average list price.

There are 12 homes in back up or pending status. 

Short sale homes in Newhall are selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14  single family homes sale.

Average List Price: $360,189          Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33  single family homes sale.

Average List Price: $418,599          Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status. 

Short sale homes in Newhall are listed for and selling for less then bank owned homes. 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 32  single family homes sale.

Average List Price: $327,498          Days on Market: 43

From 1/10/2009 - 02/03/2009 there were 26 homes sold, the average sale price was $322,226 days on market 30.

The bank owned homes have sold for $5,272 below the average list price.

There are 58 homes in back up or pending status.

Bank owned homes in Canyon Country  are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY FEBRUARY 3, 2009:

There are 117  single family homes sale.

Average List Price: $374,665          Days on Market: 119

From 1/10/2009 - 02/03/2009 there were 5 home sold, the average sale price was $438,000 days on market 195.

The short sale homes have sold for $63,335 above the average list price.

There are 40 homes in back up or pending status. 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39  single family homes sale.

Average List Price: $343,562          Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country  are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117  single family homes sale.

Average List Price: $388,882          Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status. 

ACTIVE BANK OWNED LISTINGS IN CASTAIC FEBRUARY 3, 2009:

Currently there are 14 single family homes sale.

Average List Price: $496,221          Days on Market: 61

From 1/10/2009 - 02/03/2009 there were 6 homes sold, the average sale price was $432,500 days on market 33

Bank owned homes sold for $63,721 below the average list price.

There are 14 properties in back up or pending status. 

ACTIVE SHORT SALE LISTINGS IN CASTAIC FEBRUARY 3, 2009: 

Currently there are 44 single family homes sale.

Average List Price: $392,324          Days on Market: 137

From 1/10/2009 - 02/03/2009 there were 4 homes sold, the average sale price was $407,500 days on market 71

The short sale homes sold for $15,176 above the list price.

19 properties are in back up status or pending. 

Short sale homes in Castaic are listed for and selling for less then the bank owned homes. 

ACTIVE BANK OWNED LISTINGS IN CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136          Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status. 

Bank owned homes in Castaic are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009: 

Currently there are 44 single family homes sale.

Average List Price: $380,289          Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending.  

With the constantly changing market we are in my goal is to keep you up to date with the most current statistics in the Santa Clarita Area. As potential buyers these numbers help you to understand what the price ranges are for bank owned and short sale properties. There is a big misconception when it comes to bank owned properties. Many are led to believe that these homes are the better deal in today's market. A home goes back to the lender after the foreclosure process is completed.  There are many reasons for this.  Unfortunately the main reason is most people are paralyzed with fear and don't know who to turn to.

If you look closely at this reporting period the statistics in these areas where the REO's (bank Owned) are listed higher then the short sales ( pre foreclosures) they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia. If homes have gone through the foreclosure process the lenders typically list the REO at a higher market value in an attempt to reduce their losses, minimize their loss severity. There is a difference between a pre foreclosure and a foreclosure. The time period between the first missed payment and the final bank sale is called the pre foreclosure phase. Foreclosure is a legal process that is initiated whenever a homeowner defaults (stops making payments)  on their mortgage(s). When the foreclosure is completed the home is either sold at auction or becomes real property of the lender and is now owned by the lender REO, Real Estate Owned. In this period a buyer has a window of opportunity to negotiate a price which could be up to 20%  below  Fair Market Value. The above mentioned areas as you see statistically the short sales are the better value to negotiate and purchase during this time period. As the months go by the numbers will change.  You as a buyer need an agent who truely understands this market and can help you get your desired home whether it be a bank owned or short sale listing. With so much information and misinformation you need an agent that is not an average agent to guide you through these purchase opportunities.

Many of you have heard these terms on the news lately or see these type of homes in your communities. Would like to know what these terms mean or understand how the short sale process works? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. We are experts in distressed properties. By dealing with an agent who has earned the CDPE designation, homeowners ensure that they are working with a real estate professional that is equipped to handle their specific needs. www.SantaClaritaCertifiedDistressedPropertyExperts.com

This real estate market has caused unbearable stress and heartache. As Certified Distressed Property Experts we will give our clients the expertise necessary to save their credit, relieve the uncertainty, and most of all help their families. We feel that education is key in this market with so much misinformation and foreclosure scams out there, we sought out this education to ensure we could properly help families get on the path to recovery.  

If you or someone you know are in a difficult situation with your property consider us. Homeowners who are in the pre-foreclosure process need to speak with an educated agent as quickly as possible. For many homeowners foreclosure is not the only option however most do not get the opportunity to explore solutions.We are Santa Clarita's Certified Short Sale Experts and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process.

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show them this beautiful community among others here in the Southern California area.

If you would like to search specifically for Santa Clarita Valley homes for sale, or any other areas of Southern California go to: www.SantaClaritaValleyShortSales,com

You can track the Santa Clarita Short Sales and Bank Owned statistics on a monthly basis. In my archives click on the SANTA CLARITA SHORT SALE AND BANK OWNED PROPERTIES FOR SALE button. The newest statistics published are at: http://www.activerain.com/blogsview/1025273/Santa-Clarita-Short-Sale-Bank-Owned-Properties-For-Sale-April-8-2009

*All information deemed reliable but not guaranteed, information directly from SOCAL MLS