Table of Contents

Introduction

Connor MacIvor is a Realtor in Santa Clarita, serving the Greater Los Angeles cities and counties. He has been selling homes and representing buyers since 1998. Before his real estate career, Connor was a First Responder in the City of Los Angeles. In this blog, Connor will be discussing Santa Clarita’s latest real estate news and upcoming show.

Contingent Properties in the New Home Market

When it comes to purchasing a new home, there are often contingencies that need to be considered. One common contingency is the sale of the current residence. In many cases, buyers need to sell their current home in order to have the funds to purchase a new one.

However, in the fast-paced market we are currently experiencing, most new home builders do not allow contingent transactions. This means that buyers must have the funds available to purchase a new home without relying on the sale of their current property.

For those who do need to sell their current home before purchasing a new one, the process becomes a two-step journey. First, the current home needs to be sold. This can take time, depending on market conditions and the desirability of the property. Once the current home is sold, the buyer then has to wait for the new home to be constructed.

In some cases, sellers may consider renting back the property until the closing of their new residence. This allows them to have a place to live while waiting for their new home to be built. It provides a temporary solution and can make the transition smoother.

It’s important for buyers to be aware of these contingencies and plan accordingly. If they need to sell their current home, they should work with a real estate agent who understands the market and can help them navigate the process.

Current Inventory in Santa Clarita

As of now, there are 281 active listings in Santa Clarita, including the cities of Kenyon country, Castaic, New Hall, Saga, Stevenson Ranch, and Valencia. These active listings provide potential homebuyers with a range of options to choose from in the Santa Clarita area.

In addition to the active listings, there are also 9 upcoming listings that buyers can look forward to. These upcoming listings offer an opportunity for buyers to get a head start on their search and potentially secure their dream home before it even hits the market.

One interesting listing that caught our attention is a condominium priced at $750,000 with a $500/month HOA. This condominium offers single-story apartment living with a spacious layout and various amenities. While the price may seem high, it’s important to consider the location, features, and potential for appreciation in the Santa Clarita market.

It’s worth noting that the number of active listings and upcoming listings may vary depending on the source. While some real estate syndication websites may show a different number of active listings, it’s always best to consult with a local real estate agent for the most accurate and up-to-date information.

If you’re interested in exploring the current inventory in Santa Clarita or learning more about the upcoming listings, reach out to a trusted real estate agent like Connor MacIvor. They can provide you with personalized assistance and help you navigate the competitive market to find the perfect home for your needs and budget.

In January 2024, the median sales price in Santa Clarita was $760,000. This is a key indicator of the overall health and competitiveness of the real estate market in the area.

Compared to the previous year, there was a 1.3% increase in median list prices. This demonstrates the continued growth and demand for homes in Santa Clarita.

When analyzing market trends, it’s important to consider a longer period of time. While one month of data can provide some insight, it’s more accurate to evaluate the market over several months or even a year to identify consistent patterns and trends.

Looking ahead to 2024, experts predict that the pace of price increases may slow down compared to previous years. This could be due to a variety of factors, including changes in market conditions and buyer demand.

Overall, the Santa Clarita real estate market remains competitive and dynamic. Buyers and sellers should stay informed about the latest trends and work with a trusted real estate agent who can provide personalized guidance and support throughout the process.

Discrepancy in Online Listing Data

When searching for homes online, it’s important to be aware of a potential discrepancy between the number of active listings on real estate syndication websites and the actual MLS data. While some websites may show a different number of active listings in Santa Clarita, it’s always best to consult with a local real estate agent for the most accurate and up-to-date information.

By contacting a local agent, you can ensure that you have access to the most comprehensive and current listings in the Santa Clarita area. They have direct access to the MLS (Multiple Listing Service) data, which provides a more reliable source of information.

Furthermore, it’s important to be cautious of potential lead generation tactics used by some websites. These websites often collect your personal information in exchange for access to their listings. They may then sell your information to third parties, leading to unwanted solicitations and spam.

To avoid these issues, it’s recommended to have a dedicated real estate agent to represent your interests. Having your own agent ensures that you have someone on your side who is solely focused on your needs and can provide personalized assistance throughout the home buying process.

With a local agent by your side, you’ll have access to accurate listing data, expert guidance, and strong negotiation skills to help you find and secure your dream home in Santa Clarita.

Interest Rates and Refinancing

When it comes to real estate, interest rates play a significant role in the overall market. It’s important for buyers and homeowners to stay informed about the current interest rates and understand how they can impact their financial decisions.

Currently, interest rates are hovering around the high fives to mid sixes. However, it’s essential to note that these rates can vary depending on factors such as credit scores and specific loan programs offered by lenders. Buyers should work with a trusted lender to determine the best interest rate for their situation.

There has been speculation about potential rate hikes or breaks in the future. Keeping an eye on the market trends can help buyers make informed decisions about when to secure a loan. It’s crucial to remember that choosing the right loan involves more than just the interest rate.

Buyers should consider the total cost of the loan, including associated fees and the loan structure. Working with a knowledgeable lender and understanding the loan terms can help buyers make financially sound choices.

When interest rates drop, it may be an opportune time to consider refinancing an existing loan. Refinancing allows homeowners to replace their current mortgage with a new one that has better terms, such as a lower interest rate or reduced monthly payments.

However, it’s important to carefully evaluate the loan terms and consider the costs associated with refinancing. Some loans have specific requirements, such as a minimum amount of time before refinancing can occur. Homeowners should consult with their lender to determine if refinancing is a viable option for them.

Low interest rates can also impact the inventory of homes available for sale. When rates are low, homeowners may be more inclined to stay in their current homes and take advantage of the favorable mortgage terms. This can result in a lower inventory of homes for sale, creating a more competitive market for buyers.

Overall, staying informed about interest rates and understanding the loan structure is essential for buyers and homeowners in Santa Clarita. Working with a trusted real estate agent like Connor MacIvor can provide personalized guidance and help navigate the ever-changing market.

Property Valuations and Online Systems

While online systems may seem like a convenient way to find property valuations, there are several risks involved that buyers and sellers should be aware of. These risks include:

  • Privacy concerns: When using online systems to find property valuations, users are often required to input personal information, such as their address. This information can be collected and sold to third parties, leading to unwanted solicitations and potential privacy breaches.
  • Inaccurate valuations: Online systems may not always provide accurate property valuations. They rely on algorithms and data that may not take into account the unique features and condition of a home. This can result in misleading valuations that do not reflect the true market value of a property.
  • Lack of market context: Understanding the market value of a home is crucial for buyers and sellers. Online systems may not provide the necessary market context, such as recent comparable sales and local market trends, to accurately determine a property’s value.

Given these risks, it is highly recommended to consult with a real estate agent when seeking accurate property valuations. A real estate agent has access to comprehensive market data, including recent sales and local market trends, and can provide expert guidance based on their knowledge and experience.

A real estate agent can also ensure that your personal information remains confidential and can represent your interests throughout the home buying or selling process. They can negotiate on your behalf and provide valuable insights to help you make informed decisions.

When it comes to property valuations, it’s best to rely on the expertise of a real estate agent rather than online systems. They can provide accurate and up-to-date valuations that reflect the current market conditions in Santa Clarita.

Overpricing and Market Statistics

Overpricing real estate listings can have serious consequences for both sellers and buyers. When a property is overpriced, it often sits on the market for longer periods of time, leading to decreased interest from potential buyers. This can result in the property becoming stale and losing its appeal.

For sellers, overpricing can mean missing out on potential offers and having to eventually reduce the price, which can lead to a lower final sale price. It’s important for sellers to accurately evaluate their property based on comparable values in the market. This involves looking at recent sales of similar properties in the same area to determine a fair and competitive listing price.

Buyers also need to be cautious when it comes to overpriced listings. Paying more than a property is worth can lead to financial strain and difficulty in selling the property in the future. It’s crucial for buyers to do their due diligence and evaluate the market value of a property before making an offer.

In Santa Clarita, there has been a reduction in the days on market for properties, indicating a fast-paced and competitive market. This means that properties are selling quickly, often within a few days of being listed. Buyers need to be prepared to act fast and make strong offers in order to secure their desired property.

However, it’s important to note that special circumstances can affect closing timelines. Some sellers may require a longer closing period due to personal circumstances or the need to find a new home. Buyers should be prepared for potential delays and work closely with their real estate agent to navigate any special circumstances that may arise.

Overall, it’s crucial to evaluate properties based on comparable values and market statistics to ensure fair pricing and successful transactions. Sellers should work with a real estate agent who understands the local market and can provide accurate pricing guidance. Buyers should also seek the assistance of a trusted agent to help them navigate the competitive market and secure their dream home in Santa Clarita.

Conclusion and Personal Touch

Thank you for joining Connor MacIvor in this blog discussing Santa Clarita’s real estate news and market update. Connor has been serving the Greater Los Angeles area as a Realtor since 1998 and has extensive experience in the industry. He also has a background as a First Responder in the City of Los Angeles.

With the rainy weather in Santa Clarita, it’s important to be aware of potential issues with leaks in properties. If you’re considering buying a new home or currently own a property, make sure to have a thorough home inspection to check for any roof issues. A good inspector will be able to identify any potential problems and ensure that the roof is watertight.

If you’re in need of assistance with new housing or have any other real estate needs in the Santa Clarita area, Connor MacIvor is here to help. With his extensive knowledge of the local market and commitment to providing personalized guidance, he can assist you in finding the perfect home for your needs and budget.

Connor values his clients and is dedicated to providing exceptional service. If you have any questions or would like more information, please reach out to him via his website, ConnorMacIvor.com. He is always ready to help you with your real estate journey.

Once again, thank you for watching this blog. Stay safe and be well. We look forward to providing you with more informative content in the future.

FAQ

1. When is the best time to buy or sell a home in Santa Clarita?

The best time to buy or sell a home in Santa Clarita is when it aligns with your personal circumstances and financial goals. However, it’s worth noting that the Santa Clarita real estate market is currently fast-paced, with properties selling quickly. Buyers may face more competition, while sellers may benefit from high demand. It’s important to work with a trusted real estate agent who can provide guidance based on current market conditions.

2. What is the average number of days on the market for homes in Santa Clarita?

The average number of days on the market for homes in Santa Clarita can vary depending on factors such as location, price range, and market conditions. However, there has been a reduction in the days on market for properties, indicating a fast-paced and competitive market. It’s important for buyers to be prepared to act quickly and make strong offers to secure their desired property.

3. What financing options are available for homebuyers in Santa Clarita?

Homebuyers in Santa Clarita have various financing options available to them, depending on their financial situation and goals. These options include conventional loans, FHA loans, VA loans, and jumbo loans. It’s recommended for buyers to work with a trusted lender who can evaluate their financial eligibility and provide guidance on the best loan program for their needs.

4. How accurate are online property valuations?

Online property valuations can provide a general estimate of a home’s value, but they may not always be accurate. These valuations rely on algorithms and data that may not take into account the unique features and condition of a property. To get a more accurate valuation, it’s recommended to consult with a real estate agent who has access to comprehensive market data and can provide expert guidance based on their knowledge and experience.

5. Should I hire a real estate agent when buying or selling a home in Santa Clarita?

Yes, it is highly recommended to hire a real estate agent when buying or selling a home in Santa Clarita. A real estate agent can provide valuable expertise, guidance, and support throughout the entire process. They have access to accurate and up-to-date market information, can negotiate on your behalf, and ensure your interests are represented. Having your own agent as a buyer provides you with an advocate who is solely focused on your needs and can help you navigate the competitive market.


I’m Connor with Honor, AKA Connor MacIvor. I have lived in CA since 1990, when I came out to be an LAPD Police Officer. Life has a way of beating the heck out of you, as it did me. I am glad for the experiences and still have many more to go. I was able to finally beat the FAT problem I had for my entire pre-teen, teenage, and adult life up until I was 52 years old, back in 2021, when I was able to figure out what worked and how I wanted my journey to operate. 

I sell houses, representing buyers and sellers in Santa Clarita, CA, and the greater Los Angeles Area. I have been a Realtor since 1998 when I started a career in that business. I joined the LAPD as a full-line reserve officer after 17 years of full-time service, staying until 2011 and honorably retiring. 

If you need me, I’m here for you and yours. Thank you for reading what I posted online, and I appreciate you very much for taking your valuable time to do so.