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 today's date December 13, 2008 here is the current average list price and days on market for Stevenson Ranch, Valencia, Saugus, Newhall, Canyon Country, and Castaic.
ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:
Currently there are 9 single family homes sale.
Average List Price: $537,466 Days on Market: 36
There are 7 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008:
Currently there are 23 single family homes sale.
Average List Price: $521,391 Days on Market: 77
10 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:
There were 6 single family homes sale.
Average List Price: $584,916 Days on Market: 33
ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH NOVEMBER 24, 2008:
There were 20 single family homes sale.
Average List Price: $513,244 Days on Market: 81
ACTIVE BANK OWNED LISTINGS IN VALENCIA DECEMBER 13, 2008:
Currently there are 24 single family homes sale.
Average List Price: $536,262 Days on Market: 45
There are 23 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN VALENCIA DECEMBER 13, 2008:
Currently there are 86 single family homes sale.
Average List Price: $472,165 Days on Market: 109
37 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN VALENCIA NOVEMBER 24, 2008:
There were 21 single family homes sale.
Average List Price: $559,747 Days on Market: 37
ACTIVE SHORT SALE LISTINGS IN VALENCIA NOVEMBER 24, 2008:
There were 92 single family homes sale.
Average List Price: $464,267 Days on Market: 120
ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008:
Currently there are 26 single family homes sale.
Average List Price: $391,819 Days on Market: 50
There are 24 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN SAUGUS DECEMBER 13, 2008:
Currently there are 74 single family homes sale.
Average List Price: $471,754 Days on Market: 116
26 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN SAUGUS NOVEMBER 24, 2008:
There were 27 single family homes sale.
Average List Price: $413,556 Days on Market: 54
ACTIVE SHORT SALE LISTINGS IN SAUGUS NOVEMBER 24, 2008:
There were 71 single family homes sale.
Average List Price $476,266 Days on Market: 104
ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008:
Currently there are 11 single family homes sale.
Average List Price: $399,718 Days on Market: 51
There are 10 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008:
Currently there are 44 single family homes sale.
Average List Price: $416,631 Days on Market: 135
9 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN NEWHALL NOVEMBER 24, 2008:
There were 10 single family homes sale.
Average List Price: $375,256 Days on Market: 70
ACTIVE SHORT SALE LISTINGS IN NEWHALL NOVMEBER 24, 2008:
There were 42 single family homes sale.
Average List Price: $418,202 Days on Market: 133
ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:
Currently there are 36 single family homes sale.
Average List Price: $311,000 Days on Market: 36
There are 74 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY DECEMBER 13, 2008:
Currently there are 122 single family homes sale.
Average List Price: $387,227 Days on Market: 99
18 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:
There were 40 single family homes sale.
Average List Price: $330,826 Days on Market: 33
ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY NOVEMBER 24, 2008:
There were 121 single family homes sale.
Average List Price: $410,384 Days on Market: 126
ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:
Currently there are 11 single family homes sale.
Average List Price: $514,663 Days on Market: 59
There are 12 properties in back up or pending status
ACTIVE SHORT SALE LISTINGS IN CASTAIC DECEMBER 13, 2008:
Currently there are 52 single family homes sale.
Average List Price: $385,565 Days on Market: 124
13 properties are in back up status or pending
ACTIVE BANK OWNED LISTINGS IN CASTAIC NOVEMBER 24, 2008:
There were 12 single family homes sale.
Average List Price: $419,266 Days on Market: 47
ACTIVE SHORT SALES LISTINGS IN CASTAIC NOVEMBER 24, 2008:
There were 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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