Home Questions about foreclosuresWhat is a healthy real estate market?

That is when the total Foreclosures are around 1-3% of the total real estate inventory that is currently for sale.

This is also the same percentages that we would consider being a “recovered and healthy” real estate market in the Santa Clarita Valley cities.

We are not there yet, but are on our way.

We have a total of 12 Foreclosures/REO listings that are currently on the market for sale in the Cities of the Santa Clarita Valley.

That is not very many and that is pretty close to the 1% market of the Total real estate listings.

However, there are a couple of other factors that you should be aware of. We still have short sale in our midst. While they are not “fully foreclosures”, most have had a NOD – notice of default, filed on them and are on their way, incase they don’t sell as short pays, to becoming the next Foreclosures.

We also have some of the “bank owned” real estate – Real Estate Owned properties that are not on the market in the SCV cities as well.

Both of those types the Notice of Defaults and the Bank Owned real estate accounts toward our “healthy mark” of 1% – while we are close, we are not out of the woods yet.

In the coming months, we will see the local real estate inventory become a larger majority of Standard Sales.

We will also see the housing prices return to a steady appreciation where the listing prices are not being entered at the incredible percentages above the median sales prices.

Be safe – search well for the Foreclosures and Bank Owned real estate. You can do so at our Main Santa Clarita real estate website, by clicking on the Foreclosure Tab.

Latest Foreclosure Activity for SCV Cities:

Your New Foreclosures alert, Paris911’s Auction Alert for Santa Clarita Valley, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Auction 23778575 23048 VISTA DELGADO DR SANTA CLARITA 91354 CA SFR 2508 4 3.00 03/20/2014 $488,417.00 $445,072.00

Auction 957985b 31556 ROCCA DR CASTAIC 91384 CA CND 1993 4 3.00 03/24/2014 $432,633.00 $344,025.00

Auction 144406 25741 PERLMAN PL UNIT D STEVENSON RANCH 91381 CA CND 1232 3 3.00 03/19/2014 $335,419.00 $345,304.00

Auction 708427b 20427 JAY CARROLL DR SANTA CLARITA 91350 CA SFR 1996 4 3.00 03/24/2014 $557,408.00 $279,698.00

Your New Foreclosures alert, Paris911’s Sold to Third Alert for Santa Clarita Valley CA, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Sold to 3rd 503607228 23829 VIA CAMPANA SANTA CLARITA 91354 CA CND 1962 3 3.00 02/28/2014 $396,965.00 $376,000.01

Your New Foreclosures alert, All Santa Clarita Cities – NOD filings – Updated, found a match.

 

Stage Radar ID Street City Zip State Type Sq Ft Beds Baths Sale Date Est. Value Est. Bid

Preforeclosure 158827 32611 THE OLD RD CASTAIC 91384 CA SFR 2477 5 3.00 06/24/2014 $501,283.00 $90,202.00

Preforeclosure 512670218 28927 MARILYN DR CANYON COUNTRY 91387 CA CND 2103 4 3.00 06/25/2014 $422,416.00 $494,250.00