Table of Contents

Introduction to Real Estate Update

Welcome to the latest real estate update from Connor T. MacIvor, also known as Connor with Honor. In this update, we’ll discuss the current state of the real estate market in Santa Clarita Valley, providing you with valuable insights to help you navigate the market as a seller or buyer.

Current Real Estate Market in Santa Clarita Valley

The Santa Clarita Valley is experiencing a robust real estate market, with properties often receiving multiple offers within a short period of time. Sellers are generally receiving offers within seven to twelve days of listing, and the offers are often above the asking price. However, there is a delicate balance between the seller’s expectations and the buyer’s willingness to pay, highlighting the importance of pricing a property correctly from the outset.

Over the last seven days, 81 properties have been listed for sale across the Santa Clarita Valley cities, including Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, and Valencia. These properties include single-family residences, condominiums, and townhomes, with some categorized as detached condominiums. It’s essential to fully understand the implications and potential limitations of these property types before making a purchase decision.

It’s worth noting that 52 properties have recently had price changes, the majority of which are price reductions. This indicates the importance of pricing a property correctly from the beginning to avoid the need for adjustments later on. Additionally, there have been 21 properties that came back on the market, signaling a continued interest from buyers.

As of the latest data, there are approximately 380 active listings for sale in the Santa Clarita Valley, demonstrating a healthy inventory for buyers to explore. Despite the seller’s market, buyers can still leverage strategic tactics, such as obtaining full underwriter approval for a mortgage, to strengthen their offers and stand out in the competitive market.

In our next update, we’ll delve into the five common mistakes that sellers wish they had avoided before listing their homes for sale, providing valuable insights for both sellers and buyers. Stay tuned for more real estate insights from Connor with Honor.

New Property Listings and Property Types

In the last seven days, 81 properties have been listed for sale in Santa Clarita Valley, including in Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch, and Valencia. These properties encompass a variety of property types, such as single-family residences, condominiums, and townhomes. It’s important for buyers to fully understand the implications and potential limitations of these different property types before making a purchase decision.

  • Single-family residences
  • Condominiums
  • Townhomes
  • Detached condominiums

Understanding Detached Condominiums

When it comes to real estate in Santa Clarita Valley, buyers may come across properties categorized as detached condominiums. These homes may have very small lots and potentially have one of the neighboring walls as part of the backyard. It’s crucial to understand the legal implications, including potential easements and access rights, before considering a purchase of a detached condominium.

Buyers should be aware that detached condominiums are a result of how the city and the builder recorded the residence. It’s essential to work with a knowledgeable real estate agent who can guide buyers through the specifics of purchasing a detached condominium and explain any potential issues that may arise.

Impact of Price Changes on Property Movement

Price changes have a significant impact on property movement in the Santa Clarita Valley real estate market. Over the last seven days, 52 properties have experienced price adjustments, with the majority being price reductions. This highlights the importance of pricing a property correctly from the beginning to avoid the need for adjustments later on.

When properties are listed with an initial price that is too high, it can deter potential buyers from making offers, leading to properties sitting on the market for extended periods. The recent price changes are a clear indication of the necessity for accurate pricing strategies from the outset.

It’s also important to note that when price adjustments are made, the properties are often brought to the forefront in online real estate platforms, attracting more attention and potential buyers. This can lead to faster movement and increased interest in the listings.

Properties Back on the Market and Transactions in Escrow

In the Santa Clarita Valley, the real estate market continues to see properties coming back on the market, indicating a sustained interest from buyers. Over the last week, 21 properties have returned to the market after being temporarily off. This signifies that buyers are still eager to move forward with transactions, further underlining the active nature of the market.

Additionally, there are 39 properties currently under contract and 52 properties in escrow, demonstrating a high level of ongoing real estate activity. These numbers exceed the amount of properties being listed for sale each week, creating a slight imbalance that eventually levels out over time.

With approximately 380 active listings for sale in the Santa Clarita Valley, there remains a healthy inventory for buyers to explore. Despite the competitive seller’s market, buyers can leverage strategic tactics, such as obtaining full underwriter approval for a mortgage, to strengthen their offers and stand out amidst the active market conditions.

Advantages for Buyers in the Seller’s Market

In a seller’s market like the one in Santa Clarita Valley, buyers can still leverage strategic tactics to enhance their offers and stand out amidst the competition. Here are some advantages for buyers in a seller’s market:

  • Opportunity to construct competitive offers
  • Potential for negotiation with motivated sellers
  • Availability of healthy inventory for exploration
  • Possibility of leveraging full underwriter approval for mortgage

By understanding the market conditions and employing these strategic advantages, buyers can position themselves effectively when competing for properties in a seller’s market.

Five Mistakes Sellers Make Before Listing Their Homes

Sellers often make critical mistakes before listing their homes, impacting their selling process. By understanding these common errors, sellers can take proactive steps to avoid them and achieve a successful sale. Let’s explore the five common mistakes sellers wish they had avoided before listing their homes for sale, providing valuable insights for both sellers and buyers.

1. Overlooking the Prep and Staging Part

One of the most common mistakes sellers make is overlooking the preparation and staging of their homes before listing. Rushing to get the property on the market without proper preparation can result in a less-than-ideal first impression for potential buyers. Sellers should take the time to address any necessary repairs, declutter, deep clean, and stage their home effectively to showcase its best features.

Emotionally and mentally, it’s essential to complete all necessary tasks before listing the property, ensuring it is presented in the best possible light. Once the property is released, the first impression cannot be undone, making it crucial to prepare and stage the home appropriately from the outset.

2. Incorrectly Pricing the Home

Incorrectly pricing a home can have significant consequences in the real estate market. It’s crucial for sellers to base their listing price on factual data, including recent sales of comparable properties in the same area. Overpricing a home can deter potential buyers and lead to extended time on the market, while underpricing can result in financial loss for the seller. Working with a knowledgeable real estate agent who understands the local market dynamics is essential in establishing the correct listing price from the outset. By avoiding the mistake of incorrectly pricing the home, sellers can optimize their chances of attracting qualified buyers and achieving a successful sale.

3. Not Understanding the Paperwork

Not understanding the paperwork involved in selling a home can lead to delays, misunderstandings, and potential breaches of contract. Sellers should familiarize themselves with the expectations, timeframes, and necessary disclosures required in the real estate transaction process. Working with a well-prepared listing agent can help streamline the paperwork process and ensure that all contractual obligations are met on time. Additionally, having a clear understanding of the implications of the paperwork can help sellers make informed decisions and avoid any potential legal issues. By being proactive in understanding the paperwork, sellers can navigate the selling process with confidence and compliance.

4. Choosing the Wrong Agent or Going It Alone

One of the biggest mistakes sellers make is choosing the wrong agent or deciding to go it alone. Selling a home involves complex legal and financial processes, and having an experienced real estate agent by your side can make all the difference. While it may be tempting to save on commission by selling your home without an agent, it can lead to costly mistakes and legal issues down the line. An agent with local expertise and a proven track record can help you navigate the real estate market with confidence and achieve the best possible outcome for your sale.

5. Not Calling Connor with Honor Again

As a first responder and seasoned real estate professional, Connor with Honor brings a unique blend of expertise, trustworthiness, and dedication to every real estate transaction. By not reaching out to Connor with Honor again, sellers may miss out on the opportunity to work with a professional who is dedicated to the Santa Clarita Valley community and committed to providing top-tier real estate services. Whether you’re buying or selling, Connor with Honor’s local insights and first responder background can help you make informed decisions and achieve your real estate goals with confidence.

Conclusion and Call to Action

The current real estate market in Santa Clarita Valley continues to favor sellers, with properties receiving multiple offers within a short period. Despite this, buyers can still leverage strategic tactics such as obtaining full underwriter approval for a mortgage to strengthen their offers and stand out in the competitive market. It’s crucial for sellers to avoid common mistakes such as overlooking property preparation and staging, incorrectly pricing their homes, not understanding the paperwork involved in selling a home, and choosing the wrong agent. As a seasoned real estate professional with extensive knowledge of the Santa Clarita Valley and a first responder background, Connor with Honor is dedicated to providing top-tier real estate services. Whether you’re buying or selling, leveraging Connor with Honor’s local insights can help you make informed decisions and achieve your real estate goals with confidence. For personalized real estate assistance, contact Connor with Honor at 661.400.1720 or via email at connormacivor@gmail.com.

FAQ

Q: What are the advantages for buyers in the current seller’s market?

In a seller’s market like the one in Santa Clarita Valley, buyers can still leverage strategic tactics to enhance their offers and stand out amidst the competition. Some advantages for buyers include the opportunity to construct competitive offers, the potential for negotiation with motivated sellers, availability of healthy inventory for exploration, and the possibility of leveraging full underwriter approval for a mortgage. By understanding the market conditions and employing these strategic advantages, buyers can position themselves effectively when competing for properties in a seller’s market.

Q: How can sellers avoid common mistakes before listing their homes for sale?

Sellers can avoid common mistakes such as overlooking the preparation and staging of their homes, incorrectly pricing their homes, not understanding the paperwork involved in selling a home, and choosing the wrong agent. By ensuring that their property is prepared and staged effectively, pricing their homes based on factual data, understanding the paperwork process, and selecting an experienced real estate agent, sellers can optimize their chances of attracting qualified buyers and achieving a successful sale.

Q: What are the key considerations when purchasing detached condominiums in Santa Clarita Valley?

When purchasing detached condominiums in Santa Clarita Valley, buyers should carefully consider the legal implications, potential easements, and access rights associated with these properties. It’s essential to work with a knowledgeable real estate agent who can guide buyers through the specifics of purchasing a detached condominium and explain any potential issues that may arise. Understanding the unique characteristics of detached condominiums and having a clear understanding of the neighborhood features can help buyers make informed decisions when exploring this property type.


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.