From fellow Santa Clarita Realtor and buddy Paul Atkins (per email 11/6/2008):
* Activity (Closed Sales) up 85.7%, September2008 versus 2007
* Pending Home Sales up 148.4%, September 2008 versus 2007
* Homes on Active status Down 36.3%, September 2008 versus 2007
All the numbers look good for a recovery in SCV!
Current Inventories as of September statistics:
* Stevenson Ranch: 4.6 months inventory
* Valencia: 5.3 months
* Saugus: 4.6 months
* Canyon Country: 5.4 months
* Castaic: 5.6 months
* Newhall: 6.1 months
* Acton/Agua Dulce: 16.8 months
* All of SCV: 5.59 months
Except for Acton/Agua Dulce, short sales or REOs account for between 49-66% of Active Properties on the market, based on September numbers.
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