Homes sales are slowing down for several reasons. Prime reason is lack of inventory, followed by rising interest rates and then homes being listed at a price above what a will buyer will pay. We are now seeing price reductions often in all areas of the Santa Clarita Valley. Home prices have risen significantly since the start of 2018 and with higher prices and interest rates the average days on market has continued to fall. The Median Price with all areas of the Santa Clarita Valley included stands at $544,425. The average days on market is about three weeks or less. Homes on average have had a price reduction at nearly $15,000 from their original list price.
Summer Vacation for students in the Santa Clarita Valley is much shorter than is was a decade ago. School is set to begin on August 16th. This means those looking to enroll their children into a new school and move into a new home prior to the start of the semester will need to be in escrow by the middle on July. Let us know if you would like to put your home on the market in time to maximize this timing.
Are you looking to move before the school year? Give us a call and we can find you the best priced and located home in time for the new school year. We have tools in place for your benefit.
Presented by your Friends & Realtor,
Tony & Dani Lewis RE/MAX of Valencia
Call/Text - 661-510-7975