SANTA CLARITA SHORT SALE & BANK OWNED PROPERTIES FOR SALE JANUARY 10, 2009

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 short sale and bank owned property statistics in the Santa Clarita.  As of today's date January 10, 2009 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 JANUARY 10, 2009:  

There are 10 single family homes sale.

Average List Price: $535,800          Days on Market: 32

From 12/13/2008 - 01/10/2009 there were 5 homes sold, the average sale price was $549,780 days on market 33.

The bank owned homes sold $13,980 above the average list price.

There are 6 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH JANUARY 9, 2009:  

There are 26 single family homes sale.

Average List Price: $537,987         Days on Market: 93

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $490,500 day on market 27.

The short sale homes sold for $47,487 below the average list price.

There are 8 homes in back up or pending status.

Short sale homes in Stevenson Ranch are listed for and selling for less then the bank owned homes.

ACTIVE BANK OWNED LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008: 

There were 9 single family homes sale.

Average List Price: $537,466          Days on Market: 36

There were 7 properties in back up or pending status 

ACTIVE SHORT SALE LISTINGS IN STEVENSON RANCH DECEMBER 13, 2008: 

There were 23 single family homes sale.

Average List Price: $521,391          Days on Market: 77

10 properties were in back up status or pending

 

 

ACTIVE BANK OWNED LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 10  single family homes sale. 

Average List Price: $532,800          Days on Market: 32

From 12/13/2009 - 01/10/2009 there were 13 homes sold, the average sale price was $442,730 days on market 34.

The bank owned homes sold for $90,070 below the average list price.

There are 6 homes in back up or pending status.  

ACTIVE SHORT SALE LISTINGS IN VALENCIA JANUARY 10, 2009:

There are 85  single family homes sale. 

Average List Price: $457,265          Days on Market: 119

From 12/13/2008 - 01/10/2009 there were 9 homes sold, the average sale price was $391,266 days on market 194.

The short sale homes sold for $65,999 below the average list price.

There are 36 properties in back up or pending status. 

Short sale homes in Valencia are listed for and selling for less then bank owned homes. 

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 were 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 were in back up status or pending.

 

 

ACTIVE BANK OWNED LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 20  single family homes sale.

Average List Price: $378,530          Days on Market: 56

From 12/13/2008 - 01/10/2009 there were 14 homes sold, the average sale price was $420,155 day on market 43.

The bank owned homes sold for $31,147 above the average list price.

There are 25 homes in back up or pending status. 

Bank owned homes in Saugus are listed for and selling for less then short sale homes.

ACTIVE SHORT SALE LISTINGS IN SAUGUS JANUARY 10, 2009:

There are 66  single family homes sale.

Average List Price $456,980          Days on Market: 115

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $425,833 days on market 204.

The short sale homes sold for $31,147 below the average list price.

There are 25 homes in back up or pending status. 

ACTIVE BANK OWNED LISTINGS IN SAUGUS DECEMBER 13, 2008: 

There were 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: 

There were 74 single family homes sale.

Average List Price: $471,754          Days on Market: 116

26 properties were in back up status or pending  

 

ACTIVE BANK OWNED LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 14  single family homes sale.

Average List Price: $360,189          Days on Market: 55

From 12/13/2008 - 01/10/2009 there were 4 homes sold, the average sale price was $330,700 days on market 34.

The bank owned homes sold for $29,489 below the average list price.

There are 15 homes in back up or pending status.

ACTIVE SHORT SALE LISTINGS IN NEWHALL JANUARY 10, 2009:

There are 33  single family homes sale.

Average List Price: $418,599          Days on Market: 156

From 12/13/2008 - 01/10/2009 there were 2 homes sold, the average sale price was $319,000 day on market 278.

The short sale homes sold for $99,599 below the average list price.

There are 13 homes in back up or pending status. 

Short sale homes in Newhall are listed for and selling for less then bank owned homes.

ACTIVE BANK OWNED LISTINGS IN NEWHALL DECEMBER 13, 2008: 

There were 11 single family homes sale.

Average List Price: $399,718          Days on Market: 51

There were 10 properties in back up or pending status 

ACTIVE SHORT SALE LISTINGS IN NEWHALL DECEMBER 13, 2008: 

There were 44 single family homes sale.

Average List Price: $416,631          Days on Market: 135

9 properties were in back up status or pending  

 

 

ACTIVE BANK OWNED LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 39  single family homes sale.

Average List Price: $343,562          Days on Market: 35

From 12/13/2008 - 01/10/2009 there were 33 homes sold, the average sale price was $340,813 days on market 27.

The bank owned homes have sold for $2,749 below the average list price.

There are 59 homes in back up or pending status.

Bank owned homes in Canyon Country  are listed for and selling for less the short sale homes.

ACTIVE SHORT SALE LISTINGS IN CANYON COUNTRY JANUARY 10, 2009:

There are 117  single family homes sale.

Average List Price: $388,882          Days on Market: 121

From 12/13/2008 - 01/10/2009 there were 6 home sold, the average sale price was $463,583 days on market 198.

The short sale homes have sold for $74,701 above the average list price.

There are 40 homes in back up or pending status. 

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 CASTAIC JANUARY 10, 2009:

Currently there are 15 single family homes sale.

Average List Price: $509,136          Days on Market: 36

From 12/13/2008 - 01/10/2009 there were 6 homes sold, the average sale price was $344,416 days on market 47

Bank owned homes sold for $164,720 below the average list price.

There are 11 properties in back up or pending status 

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

ACTIVE SHORT SALE LISTINGS IN CASTAIC JANUARY 10, 2009: 

Currently there are 44 single family homes sale.

Average List Price: $380,289          Days on Market: 141

From 12/13/2008 - 01/10/2009 there were 3 homes sold, the average sale price was $384,966 days on market 136

The short sale homes sold for $4677.00 above the list price.

21 properties are in back up status or pending  

ACTIVE BANK OWNED LISTINGS IN CASTAIC DECEMBER 13, 2008:

There were 12 single family homes sale.

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

ACTIVE SHORT SALES LISTINGS IN CASTAIC DECEMBER 13, 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. 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 or understand how the short sale process works? 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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Jennifer Ricco

CDPE, PSC, e-PRO, Retired LAPD
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