SANTA CLARITA SHORT SALES & BANK OWNED PROPERTIES NOVEMBER 24, 2008

By
Real Estate Agent with Keller Williams VIP Properties

Santa Clarita Short Sales & Bank Owned Properties. As your Santa Clarita Real Estate Specialist I am here to provide you with the most current home foreclosure information in the Santa Clarita.  As of today's date Novemeber 24, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.

                                                          

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ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH: 

Currently there are 6 single family homes sale.

Average List Price: $584,916          Days on Market: 33 

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH: 

Currently there are 20 single family homes sale.

Average List Price: $513,244          Days on Market: 81

 

 

ACTIVE BANK OWNED LISTINGS IN VALENCIA:

Currently there are 21 single family homes sale. 

Average List Price: $559,747          Days on Market: 37 

 

ACTIVE SHORT SALE LISTINGS IN VALENCIA:

Currently there are 92 single family homes sale. 

Average List Price: $464,267          Days on Market: 120 

 

 

ACTIVE BANK OWNED LISTINGS IN SAUGUS:

Currently there are 27 single family homes sale.

Average List Price: $413,556          Days on Market: 54 

ACTIVE SHORT SALE LISTINGS IN SAUGUS:

Currently there are 71 single family homes sale.

Average List Price: $476,266          Days on Market: 104

 

 

ACTIVE BANK OWNED LISTINGS IN NEWHALL:

Currently there are 10 single family homes sale.

Average List Price: $375,256          Days on Market: 70

ACTIVE SHORT SALE LISTINGS IN NEWHALL:

Currently there are 42 single family homes sale.

Average List Price: $418,202          Days on Market: 133

 

 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY:

Currently there are 40 single family homes sale.

Average List Price: $330,826          Days on Market: 33

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY:

Currently there are 121 single family homes sale.

Average List Price: $410,384          Days on Market: 126

 

 

ACTIVE BANK OWNED LISTINGS IN CASTAIC:

Currently there are 12 single family homes sale.

Average List Price: $419,266          Days on Market: 47

ACTIVE SHORT SALES LISTINGS IN CASTAIC:

Currently there are 58 single family homes sale.

Average List Price: $390,992          Days on Market: 123

  

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 the statistics the areas where the REO's (bank Owned) are listed higher then the short sales they are generally newer developments within Santa Clarita, Stevenson Ranch, Valencia, and Castaic. A short sale listing that was unsuccessfully negotiatied by the listing agent will then go through the foreclosure process. That property then become an REO (bank Owned). The bank is empowered to set a higher market value in an attempt to reduce their losses.  The period of time between the first missed payment and the final bank sale is called the pre-foreclosure phase. 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. 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 investment opportunities.

My husband and I just obtained our Certified Distressed Property Expert designation 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.

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. 

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? Go to: http://www.santaclaritavalleyhomesonline.com/shortsale.htm.

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 Stevenson Ranch homes for sale, or any other areas of Southern California go to: www.riccosellshomes.com

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

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Rainer
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Ella Glover
Lubbock Homes - Lubbock, TX

What great listings and prices.  Thanks for the update on your area.

Dec 07, 2008 07:46 AM #1
Rainer
12,348
Jennifer Ricco
Keller Williams VIP Properties - Valencia, CA
CDPE, PSC, e-PRO, Retired LAPD

Thank you for taking the time to read my blog, I just posted a new market statistical analysis that you may find interesting about my community.

Jan 12, 2009 07:41 AM #2
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Rainer
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Jennifer Ricco

CDPE, PSC, e-PRO, Retired LAPD
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