Santa Clarita Short Sale & Bank Owned Properties For Sale May 28, 2009

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Real Estate Agent with JohnHart Real Estate CAL BRE 01461940

Santa Clarita Short Sales & Bank Owned Properties for sale

As your Santa Clarita Short Sale Specialist team we are here to provide you with the most current short sale (pre foreclosure) and bank owned (REO) property statistics in the Santa Clarita Valley, SCV. Whether you are thinking about buying a home, you need to short sale your home, or are just looking to be educated about the current Santa Clarita real estate market. As of May 28, 2009 here are the average list and sale prices for the Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic areas. 

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are NO active bank owned (REO) single family homes for sale in Stevenson Ranch, 0 in back up 2 pending.

Average pending list price: $635,000

Average sale price: $611,571 from 4/8/2009 - 5/28/2009 7 homes sold.

The bank owned homes sold $23,429  Below the current average pending list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH MAY 28, 2009:

There are 12 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 12 in back up 7 pending.

Average list price: $567,908

Average sale price: $519,583 from 4/8/2009 - 5/28/2009 12 homes sold.

The short sale homes sold for $48,325  Below the current average list price.

Short sale homes in Stevenson Ranch are listed for less and selling for less then the bank owned homes during the 4/8/2009 - 5/28/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for less then short sale listings.   

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There was 1 active bank owned (REO) single family homes for sale in Stevenson Ranch, 2 in back up 7 pending.

Average list price: $574,900

Average sale price: $526,980 from 2/3/2009 - 04/8/2009 10 homes sold.

The bank owned homes sold $47,920 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH APRIL 8, 2009:

There were 20 active short sale, pre foreclosure single family homes for sale in Stevenson Ranch, 7 in back up 9 pending.

Average list price: $530,237

Average sale price: $534,000 from 2/3/2009 - 04/8/2009 2 homes sold.

The short sale homes sold for $3,763 Above the current average list price.

Short sale homes in Stevenson Ranch are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 03/2/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

 

 ACTIVE BANK OWNED LISTINGS IN VALENCIA MAY 28, 2009:

There are 6 active bank owned (REO's) single family homes for sale in Valencia, 2 in back up 26 pending.

Average list price: $358,083

Average sale price: $417,612 from 4/8/2009 - 5/28/2009, 29 homes sold.

The bank owned homes sold $59,529 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN VALENCIA MAY 28, 2009:

There are 59 active short sale, pre foreclosure single family homes for sale Valencia, 54 in back up 42 pending.

Average list price: $457,564

Average sale price $472,294 from 4/8/2009 - 5/28/2009, 17 homes sold.

The short sale homes sold for $11,082 Above the current average list price.

Short sale homes in Valencia are listed for more and are selling for more then the bank owned homes during the 4/8/2009 - 5/28/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

ACTIVE BANK OWNED LISTINGS IN VALENCIA APRIL 8, 2009:

There were 13 active bank owned (REO's) single family homes for sale in Valencia, 6 in back up 27 pending.

Average list price: $452,600

Average sale price: $424,940 from 2/3/2009 - 04/8/2009, 31 homes sold.

The bank owned homes sold $27,660 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN VALENCIA APRIL 8, 2009:

There were 86 active short sale, pre foreclosure single family homes for sale Valencia, 30 in back up 24 pending.

Average list price: $452,112

Average sale price $439,625 from 2/3/2009 - 04/8/2009, 16 homes sold.

The short sale homes sold for $12,487 Below the current average list price.

Short sale homes in Valencia are listed for less but are selling for more then the bank owned homes during the 2/3/2009 - 04/8/2009 time period. During this time period the numbers have changed. Previously Bank owned homes sold for more then short sale listings.

 

ACTIVE BANK OWNED LISTINGS IN SAUGUS MAY 28, 2009:

There are 14 active bank owned (REO's) single family homes for sale in Saugus, 4 in back up 16 pending.

Average list price: $373,006

Average sale price: $361,910 from 4/8/2009 - 5/28/2009, 19 homes sold.

The bank owned homes sold $11,096  Below the current average list price.

Bank owned homes in Saugus are listed for less and selling for less then short sale homes during the 4/8/2009 - 5/28/2009 time period.

ACTIVE SHORT SALE LISTINGS IN SAUGUS MAY 28, 2009:

There are 44 active short sale, pre foreclosure single family homes for sale in Saugus, 41 in back up 23 pending.

Average list price: $437,779

Average sale price: $406,500 from 4/8/2009 - 5/28/2009, 14 homes sold.

The short sale homes sold for $31,279 Below the current average list price.  

ACTIVE BANK OWNED LISTINGS IN SAUGUS APRIL 8, 2009:

There were 13 active bank owned (REO's) single family homes for sale in Saugus, 7 in back up 14 pending.

Average list price: $352,476

Average sale price: $386,800 from 2/3/2009 - 04/8/2009, 32 homes sold.

The bank owned homes sold $34,324 Above the current average list price.

Bank owned homes in Saugus are listed for less and selling for less then short sale homes during the 2/3/2009 - 03/2/2009 time period.

ACTIVE SHORT SALE LISTINGS IN SAUGUS APRIL 8, 2009:

There were 51 active short sale, pre foreclosure single family homes for sale in Saugus, 31 in back up 26 pending.

Average list price: $420,755

Average sale price: $522,166 from 2/3/2009 - 04/8/2009, 6 homes sold.

The short sale homes sold for $101,411 Above the current average list price.  

  

 ACTIVE BANK OWNED LISTINGS IN NEWHALL MAY 28, 2009:

There are 0active bank owned (REO's) single family homes for sale in Newhall, 2 in back up 10 pending.

Average pending list price $347,480

Average sale price $359,072 from 4/8/2009 - 5/28/2009, 11 homes sold.

The bank owned homes sold $11,592 Above the current average list price.

Bank owned homes in Newhall are listed and selling for less then short sale homes during the  4/8/2009 - 5/28/2009 time period.  

ACTIVE SHORT SALE LISTINGS IN NEWHALL MAY 28, 2009:

There are 20 active short sale, pre foreclosure single family homes for sale in Newhall, 17 in back up 11 pending.

Average list price: $377,569

Average sale price: $363,800 from 4/8/2009 - 5/28/2009, 10 homes sold.

The short sale homes sold for $13,769 Below the current average list price. 

ACTIVE BANK OWNED LISTINGS IN NEWHALL APRIL 8, 2009:

There were 6 active bank owned (REO's) single family homes for sale in Newhall, 1 in back up 12 pending.

Average list price $350,380

Average sale price $396,569 from 2/3/2009 - 04/8/2009, 8 homes sold.

The bank owned homes sold $46,189 Above the current average list price.

ACTIVE SHORT SALE LISTINGS IN NEWHALL APRIL 8, 2009:

There were 34 active short sale, pre foreclosure single family homes for sale in Newhall, 15 in back up 12 pending.

Average list price: $368,434

Average sale price: $345,500 from 2/3/2009 - 04/8/2009, 2 homes sold.

The short sale homes sold for $22,934 Belowthe current average list price.Bank owned homes in Newhall are listed for less But short sale homes are selling for less during the 2/3/2009 - 03/2/2009 time period. 

 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY MAY 28, 2009: 

There are 12 active bank owned (REO's) single family homes for sale in Canyon Country, 2 in back up 31 pending.

Average list price: $425,158

Average sale price: $322,079 from 4/8/2009 - 5/28/2009, 42 homes sold.

The bank owned homes sold $103,079 Below the current average list price. 

Bank owned homes in Canyon Country are listed for less and are selling for less then short sale homes during the 4/8/2009 - 5/28/2009 time period.  

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY MAY 28, 2009:

There are 66 active short sale, pre foreclosure single family homes for sale in Canyon Country, 37 in back up 45 pending.

Average list price: $438,883

Average sale price: $340,210 from 4/8/2009 - 5/28/2009, 19 homes sold.

The short sale homes sold for $98,673 Below the current average list price. 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY APRIL 8, 2009: 

There were 14 active bank owned (REO's) single family homes for sale in Canyon Country, 9 in back up 35 pending. 

Average list price: $298,392

Average sale price: $323,992 from 2/3/2009 - 04/8/2009, 39 homes sold.

The bank owned homes sold $25,600 Above the current average list price.  

Bank owned homes in Canyon Country are listed for less and are selling for less then short sale homes during the 2/3/2009 - 03/2/2009 time period.   

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY APRIL 8, 2009: 

There were 97 active short sale, pre foreclosure single family homes for  sale in Canyon Country, 17 in back up 44 pending.

Average list price: $383,370

Average sale price: $361,991 from 2/3/2009 - 04/8/2009, 12 homes sold.

The short sale homes sold for $21,379 Below the current average list price. 

 

ACTIVE BANK OWNED LISTINGS IN CASTAIC MAY 28, 2009:

There are 8 active bank owned (REO's) single family homes for sale in Castaic, 4 in back up 13 pending.

Average list price: $382,439

Average sale price: $372,891 from 4/8/2009 - 5/28/2009, 11 homes sold.

The bank owned homes sold $9,548 Below the current average list price.

ACTIVE SHORT SALE LISTINGS IN CASTAIC MAY 28, 2009:

There are 24 active short sale, pre foreclosure single family homes for sale in Castaic, 21 in back up 12 pending.

Average list price: $358,412

Average sale price: $354,142 from 4/8/2009 - 5/28/2009, 7 homes sold.

The short sale homes sold for $4,270 Below the current average list price.

Short sale homes in Castaic are listed for less and are selling for less then bank owned homes during the 4/8/2009 - 5/28/2009 time period.   

ACTIVE BANK OWNED LISTINGS IN CASTAIC APRIL 8, 2009:

There were 8 active bank owned (REO's) single family homes for sale in Castaic, 1 in back up 11 pending.

Average list price: $380,088

Average sale price: $408,806 from 2/3/2009 - 04/8/2009, 16 homes sold.

The bank owned homes sold $28,718 Above the current average list price.

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

2/3/2009 - 04/8/2009 time period.

ACTIVE SHORT SALE LISTINGS IN CASTAIC APRIL 8, 2009:

There were 33 active short sale, pre foreclosure single family homes for sale in Castaic, 10 in back up 13 pending.

Average list price: $388,611

Average sale price: $414,750 from 2/3/2009 - 04/8/2009, 4 homes sold.

The short sale homes sold for $26,139 Above the current average list price.  

With the constantly changing market we are in my goal is to keep you up to date with the most current home sales statistics in the Santa Clarita Valley. As potential buyers or sellers these numbers help you to understand what the price ranges are for bank owned and short sale properties for sale. There is a big misconception when it comes to bank owned properties (foreclosures) and short sales (pre foreclosures). Many are led to believe that there is a fire sale going on, that the banks are giving deep discounts. Banks at this point are in the business to 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.

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 short sale, pre foreclosure definitions.   

You as a buyer need an agent who truly understands this market and can help you get your desired home whether it is a bank owned or short sale listing. With so much information and misinformation you need an above average agent to guide you through these investment opportunities.

My husband and I are Santa Clarita's Certified Distressed Property Experts, CDPE. By dealing with an Realtor who has earned the CDPE designation, buyers and sellers ensure that they are working with experienced short sale real estate professionals that are equipped to handle their specific needs.

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 Santa Clarita 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 short sale specialists and would like opportunity to sit down with you and give you a free, no obligation, consultation on this process. We want to be the number one short sale agent you call, we are here to help you avoid foreclosure.                                    

Do you know of anyone who is thinking about moving to the Santa Clarita Valley? Let me show you this beautiful community among others here in the Southern California area. If you would like to search specifically for Santa Clarita, or any other areas of Southern California go to: Search the MLS like a Realtor

You can tract 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.

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

Posted by
Jennifer Ricco | Retired LAPD

JohnHart Real Estate
24200 Magic Mountain Parkway Suite 100
Valencia, CA 91355
C  | 661.803.2093

W | JenniferRicco.com

Santa Clarita Women's Council of Realtors Treasurer|Secretary 2016 & 2017 

Soroptimist International Santa Clarita Valley Member

Selling Santa Clarita & Beyond Since 2004

LA | OC | Ventura

 

With 6 locations; Glendale, La Canada Flintridge, Burbank, Sherman Oaks, Palmdale, and Valencia I'm here to assist you with all your real estate needs 
 

Cal BRE 01461940

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