Table of Contents

Introduction

Welcome to the Santa Clarita Real Estate Market Update brought to you by Connor with Honor, Connor T. MacIvor. In this blog, we’ll explore the current market conditions and provide detailed insights into the local real estate market, with a focus on the Santa Clarita Valley, including Valencia and Saugus. As a first responder turned real estate expert at Realty One Group – Success, Connor brings a unique blend of community trust and professional expertise to the table. Let’s dive into the latest market analysis and statistics to help you make informed decisions in the Santa Clarita real estate market.

Current Market Conditions

The Santa Clarita real estate market continues to exhibit strong seller’s market conditions, driven by high buyer demand and limited inventory. With only 367 active units on the market for sale, the competition among buyers remains fierce, leading to multiple offer situations and quick sales. In the past week, there were 51 price reductions and 84 new listings, indicating that sellers are reacting to market feedback by adjusting their prices in response to the high demand. However, it’s crucial for buyers to monitor properties that come back on the market to seize potential opportunities in this fast-paced environment.

Furthermore, the sales success rate of nearly 30% of listings making it to closure suggests that buyers are determined and actively moving through the process. Additionally, the low number of withdrawn and canceled properties, as well as the minimal presence of distressed sales such as short sales, reflect the overall stability and strength of the Santa Clarita real estate market.

It’s important for both buyers and sellers to understand these market conditions and make well-informed decisions. As the market continues to evolve, leveraging the expertise of a professional real estate agent like Connor with Honor can provide valuable guidance and support throughout the buying or selling process.

Inventory Overview

The Santa Clarita Valley real estate market currently has 367 active units for sale, spanning single-family residences, condominiums, and townhomes. There were 84 new listings and 25 properties that came back on the market in the past week. With a sales success rate of nearly 30%, buyers are actively moving through the process, making it a competitive market for both buyers and sellers.

Furthermore, there were only two properties in short sale, reflecting the overall stability and strength of the market. Both attached and detached single-family residences are available, with attached properties typically having their own front and backyards, and detached properties offering more privacy and space. It’s important for both buyers and sellers to understand the current inventory and market conditions to make informed decisions.

Types of Residences in Santa Clarita Valley

In Santa Clarita Valley, there are various types of residences available, including single-family residences, condominiums, and townhomes. Single-family residences can be either attached or detached, with attached residences having a shared wall, typically the garage wall, and detached residences offering more privacy and space.

  • Condominiums: These are apartment-style residences with shared walls, floors, and ceilings, and they are priced accordingly due to their shared nature. However, they often come with their own front and backyard, with fences running down to provide some separation from neighbors.
  • Townhomes: Townhomes are usually multilevel residences with separate living spaces on different floors. They offer more privacy than condominiums and are priced accordingly for their size and layout.
  • Single-Family Residences: These homes can be attached or detached, and while attached residences have their own front and backyards, detached residences offer more space and privacy, making them ideal for buyers looking for a standalone property.

Understanding the different types of residences available in Santa Clarita Valley can help buyers and sellers make informed decisions based on their preferences and lifestyle needs.

Market Activity in the Past Seven Days

In the past seven days, the Santa Clarita real estate market has seen significant activity, with 51 price reductions and 84 new listings. Additionally, 25 properties have come back on the market, providing potential opportunities for buyers. The sales success rate of nearly 30% indicates that buyers are actively moving through the process, despite the competitive market conditions. With only two properties in short sale, the market remains stable and strong. It’s crucial for buyers to monitor properties that come back on the market and work with a professional real estate agent to navigate through these fast-paced market conditions.

Back on Market Properties

When a property comes back on the market, it signifies that the previous sale transaction did not progress to closure and has been re-listed for sale. These properties can present potential opportunities for buyers, especially in a competitive market with limited inventory. It’s important for buyers to stay informed about properties that come back on the market and work closely with their real estate agent to capitalize on these opportunities. Additionally, with a sales success rate of nearly 30%, it’s essential for buyers and sellers to stay proactive and engaged in the real estate market to make well-informed decisions.

Properties Under Contract and Pending

In the Santa Clarita Valley, we currently have 39 properties under contract and 49 properties pending, showing a high level of buyer activity in the market. This indicates that buyers are actively pursuing properties and making offers, demonstrating a strong interest in homeownership in this area. Additionally, with 58 properties closed in the last week, it’s evident that the market is dynamic and continuously moving, providing opportunities for both buyers and sellers.

Properties Closed and Other Statuses

Over the past week, the Santa Clarita Valley saw 58 properties closed, showcasing a healthy level of real estate transactions and completed sales. This demonstrates the ongoing movement and activity in the market, providing sellers with the opportunity to successfully close deals. Moreover, with minimal withdrawn, canceled, expired, and on-hold properties, as well as a low number of distressed sales such as short sales, the market remains stable and resilient, offering favorable conditions for buyers and sellers alike.

Market Statistics Snapshot:

  • Price Adjustments: Nearly 14% of listings have had their prices adjusted, reflecting sellers’ responsiveness to market feedback.
  • New Listings Turnover: 23% of the market consists of new listings, indicating a high turnover and continuous availability of properties.
  • Sales Success Rate: Nearly 30% of listings have successfully made it to closure, showcasing buyers’ perseverance and commitment to the purchasing process.

Percentage of Listings with Price Changes

Nearly 14% of all listings in the Santa Clarita Valley real estate market have had their prices adjusted. This reflects sellers’ responsiveness to market feedback and a slight overpricing trend in the current market. While there is still high buyer demand, sellers are adjusting their pricing strategy to align with the evolving market conditions. It’s essential for both buyers and sellers to stay informed about these price adjustments and work with a professional real estate agent to navigate through these changes effectively.

Understanding the percentage of listings with price changes can provide valuable insights into the market’s dynamics and the level of competitiveness among buyers and sellers. By leveraging this information, both buyers and sellers can make well-informed decisions and position themselves effectively in the Santa Clarita real estate market.

Sales Success Rate

The sales success rate in the Santa Clarita real estate market is nearly 30%, indicating that buyers are determined and actively progressing through the purchasing process. This showcases the perseverance and commitment of buyers, even in a competitive market with limited inventory. Sellers who are responsive to market feedback and priced accordingly are more likely to achieve successful closures. Understanding the sales success rate can provide valuable insights for both buyers and sellers, allowing them to make informed decisions and navigate the market effectively. As the market continues to evolve, leveraging the expertise of a professional real estate agent like Connor with Honor can provide guidance and support throughout the buying or selling process.

Distressed Properties in the Market

Connor T. MacIvor provides valuable insights into the distressed properties market in Santa Clarita. With only two properties in short sale, the Santa Clarita real estate market remains stable and resilient. Distressed sales such as short sales account for a minimal percentage of the total market properties, reflecting the overall strength of the market. With the low presence of distressed properties, buyers and sellers can have confidence in the stability of the market and make well-informed decisions with the guidance of a professional real estate agent like Connor with Honor.

Conclusion and Call to Action

In conclusion, the Santa Clarita real estate market continues to exhibit strong seller’s market conditions, driven by high buyer demand and limited inventory. With a sales success rate of nearly 30% and only two properties in short sale, the market remains competitive yet stable. Buyers and sellers alike can benefit from staying proactive and engaged in the real estate market to capitalize on potential opportunities. It’s essential for both buyers and sellers to work with a professional real estate agent like Connor with Honor to navigate through these fast-paced market conditions and make informed decisions. If you’re considering buying or selling a property in the Santa Clarita Valley, don’t hesitate to contact Connor T. MacIvor at Realty One Group – Success for expert guidance and support tailored to your real estate needs.

For all your real estate needs in the Santa Clarita Valley, feel free to reach out to Connor T. MacIvor at 661.400.1720 or via email at connormacivor@gmail.com. Connor with Honor is dedicated to providing top-notch real estate services and expertise to help you achieve your real estate goals.

FAQ

1. What is the current market condition in the Santa Clarita Valley?

The current market conditions in the Santa Clarita Valley indicate a strong seller’s market with high buyer demand and limited inventory. This has led to multiple offer situations and quick sales, making it competitive for buyers.

2. What types of residences are available in the Santa Clarita Valley?

In the Santa Clarita Valley, buyers can find single-family residences, condominiums, and townhomes. Single-family residences can be either attached or detached, while condominiums and townhomes offer different living arrangements and levels of privacy.

3. What is the sales success rate in the Santa Clarita real estate market?

The sales success rate in the Santa Clarita real estate market is nearly 30%, indicating that buyers are actively progressing through the purchasing process despite the competitive market conditions. This showcases the perseverance and commitment of buyers.

4. How many properties are under contract and pending in the Santa Clarita Valley?

Currently, there are 39 properties under contract and 49 properties pending in the Santa Clarita Valley, demonstrating a high level of buyer activity in the market.

5. What is the percentage of listings with price changes in the Santa Clarita Valley real estate market?

Nearly 14% of all listings in the Santa Clarita Valley real estate market have had their prices adjusted, reflecting sellers’ responsiveness to market feedback and a slight overpricing trend in the current 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.