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Introduction: Connor with Honor Daily Update

Stay informed with the latest daily real estate updates from Connor T. MacIvor, bringing you valuable insights into the Santa Clarita Valley housing market. As a first responder and trusted real estate professional with Realty One Group – Success, Connor provides expert analysis and local expertise to help you make informed decisions whether you’re buying or selling in Santa Clarita, particularly in Valencia and Saugus. Join Connor with Honor for daily updates on the current inventory, market trends, and neighborhood features.

Current Market Inventory in Santa Clarita Valley

As of April 5, 2024, the total inventory of properties for sale in Santa Clarita Valley stands at 372 units, including single-family residences, condominiums, and townhomes. This marks a significant increase from the beginning of the year when the number was just below 300. The continuous rise in inventory, coupled with low-interest rates, has created a seller’s market, prompting sellers to hold back from listing their properties, thus limiting the buyer’s options. However, rumors of potential interest rate reductions towards the end of the year could lead to a surge in the market activity and sales, resulting in a more fluid market. Valencia and Stevenson Ranch properties are currently spending an average of 40 to 60 days on the market, indicating a strong seller’s market and a high demand from buyers. With 80 new listings entering the market in the past week and 75 closings in the previous seven days, the seller activity remains robust. The pending sales and new contracts also indicate a positive trend in the Santa Clarita real estate market, with sellers encountering multiple offers and buyers showing eagerness to expedite the inspection process.

The current trend in the Santa Clarita Valley listing inventory shows a significant increase, with the total number of properties for sale rising from just below 300 at the beginning of the year to 372 units as of April 5, 2024. This increase has created a seller’s market, leading to limited options for buyers. However, there is a holdback on more listings, potentially changing the market dynamics in the future. Rumors of potential interest rate reductions towards the end of the year could lead to increased market activity and sales, resulting in a more fluid market. The current average days on the market for properties in Valencia and Stevenson Ranch stands at 40 to 60 days, indicating a strong seller’s market and high demand from buyers. With 80 new listings entering the market in the past week and 75 closings in the previous seven days, seller activity remains robust. Pending sales and new contracts also show a positive trend, with sellers encountering multiple offers and buyers expediting the inspection process. The Santa Clarita Real Estate guide will be updated and ready to view in 2024, providing valuable information for buying and selling real estate in the Santa Clarita Valley cities, including insights into different areas, taxes, negotiation, lending process, and more.

Factors Affecting Seller’s Market

Several factors are influencing the current seller’s market in the Santa Clarita Valley. These include:

  • Low interest rates leading to sellers holding back from listing their properties
  • Rumors of potential interest rate reductions
  • Election year potentially influencing market activity
  • Robust seller activity with multiple offers and expedited inspection process

Predictions for Interest Rates in 2024

As of April 5, 2024, rumors of potential interest rate reductions are circulating, which could lead to a surge in market activity and sales by the end of the year. These changes could result in a more fluid market, with real estate sales potentially exceeding current numbers, and properties spending even less time on the market. If interest rates are lowered, it is expected to have a significant impact on the Santa Clarita real estate market, prompting an uptick in sales and buyer activity. The election year could also influence market activity, as interest rates may be adjusted to stimulate the economy. Sellers are currently encountering multiple offers and buyers willing to expedite the inspection process, indicating a robust seller’s market. However, the holdback on more listings may change the market dynamics in the future, potentially creating a more even or fluid market. As the year progresses, it’s essential to keep a close eye on interest rate changes and their potential impact on the Santa Clarita Valley housing market.

Days on Market Analysis

The current average days on the market for properties in Valencia and Stevenson Ranch stands at 40 to 60 days. This indicates a strong seller’s market and high demand from buyers. With 80 new listings entering the market in the past week and 75 closings in the previous seven days, seller activity remains robust. Pending sales and new contracts also show a positive trend, with sellers encountering multiple offers and buyers expediting the inspection process. The high demand from buyers and limited inventory are contributing to properties spending less time on the market. This information is crucial for both buyers and sellers to understand the current dynamics of the Santa Clarita Valley housing market. For buyers, it highlights the importance of acting quickly and decisively, while sellers can leverage the strong market conditions to maximize their selling potential.

Upcoming Santa Clarita Real Estate Guide

The Santa Clarita Real Estate Guide for 2024 will be updated and ready to view soon. It will provide valuable information for buying and selling real estate in the Santa Clarita Valley cities, including insights into different areas, taxes, negotiation, lending process, and more. This guide will be a comprehensive resource for both buyers and sellers, equipping them with the knowledge needed to navigate the real estate market effectively. It will also include a vendor list of the most trusted contractors and local utility companies, making it a one-stop reference for all your real estate needs. Whether you’re a first-time buyer, a seasoned investor, or a homeowner looking to sell, this guide will be an indispensable tool in your real estate journey.

New Listings and Seller Activity

As of April 5, 2024, the Santa Clarita Valley real estate market has seen a significant influx of new listings, with 80 new properties hitting the market in the past week. This surge in new listings has contributed to robust seller activity, indicating a strong seller’s market. Despite the increase in inventory, seller activity remains strong, with 75 closings in the previous seven days and 42 pending sales. Sellers are encountering multiple offers on their properties, and buyers are expediting the inspection process, demonstrating a strong demand for real estate in the area. However, some sellers are holding back from listing their properties due to the current low interest rates, which may potentially change the market dynamics in the future. The upcoming potential interest rate reductions and the influence of the election year are factors to monitor closely, as they could lead to a surge in market activity and sales by the end of the year. Overall, the Santa Clarita Valley real estate market continues to show signs of strength and resilience, making it an opportune time for both buyers and sellers.

Closings, Pending Sales, and Under Contract Properties

As of the latest update, there have been 75 closings in the past seven days in the Santa Clarita Valley real estate market, indicating strong buyer activity. Additionally, there are 42 pending sales and 33 properties that have entered brand new under contract, demonstrating a positive trend. Sellers are encountering multiple offers on their properties, and buyers are expediting the inspection process, showing eagerness and confidence in the market. This data highlights the robust seller activity and the high demand from buyers, creating a competitive yet dynamic environment for both buyers and sellers. It’s essential for both parties to stay informed about these market dynamics and act decisively based on the current conditions in the Santa Clarita Valley housing market.

Buyer-Seller Dynamics in the Current Market

The current real estate market in Santa Clarita Valley is characterized by strong buyer-seller dynamics, with various factors influencing the overall dynamics. As a result, both buyers and sellers need to be aware of the following key dynamics:

  • Low interest rates leading to sellers holding back from listing their properties
  • Rumors of potential interest rate reductions towards the end of the year
  • Election year potentially influencing market activity
  • Robust seller activity with multiple offers and expedited inspection process

These dynamics are creating a competitive yet dynamic environment for both buyers and sellers, emphasizing the need for informed and strategic decision-making in the real estate market.

Local Market News and Developments

In Sand Canyon, a major development project for a 259 unit residential project is set to begin. This project follows a successful $95 million construction financing deal, highlighting the growing interest and investment in the Santa Clarita Valley. The area is seeing a surge in residential spaces being built, presenting potential opportunities for homebuyers. It’s important for buyers to consider the value of having a real estate agent on their side, especially when purchasing new housing. Many home builders include payment for buyers to have their own agent during the process, providing valuable insight and negotiation skills. Buyers can benefit from an agent’s knowledge of price reductions, phase releases, and potential discounts in the new housing market. Being well-informed and educated about the real estate market is crucial to making sound decisions in an ever-changing landscape. Stay updated and don’t be swayed by misleading information. For more information, visit ConnorTMacIvor.com or search for Connor with Honor on various platforms like Google, Instagram, Facebook, and YouTube.

Insights into Purchasing New Housing

When considering purchasing new housing, it’s important to understand the current market dynamics and factors that can influence your decision. Here are some key insights to keep in mind:

  • Seek the guidance of a trusted real estate agent who has extensive knowledge of the local market and can provide valuable insight and negotiation skills.
  • Many home builders include payment for buyers to have their own agent during the process, making it essential to have professional representation.
  • An experienced agent can help buyers navigate price reductions, phase releases, and potential discounts in the new housing market.
  • Buyers can benefit from an agent’s understanding of the new housing process and the ability to identify opportunities such as properties on the verge of falling out of escrow.
  • Stay informed and educated about the real estate market to make sound decisions in an ever-changing landscape, especially in the new housing market.

Tips for Buyers in the Rapidly Changing Market

As the Santa Clarita Valley real estate market continues to experience rapid changes, it’s essential for buyers to stay informed and make strategic decisions. Here are some tips to navigate the evolving market:

  • Stay Updated: Keep abreast of the latest market trends, interest rate changes, and inventory levels to make informed decisions.
  • Act Quickly: With limited inventory and high demand, buyers need to be decisive and act swiftly when they find a property that meets their criteria.
  • Utilize Professional Representation: Seek the guidance of a trusted real estate agent with extensive knowledge of the local market. A professional agent can provide valuable insight, negotiation skills, and ensure a smooth buying process.
  • Consider New Housing Opportunities: Explore the new housing market and leverage the expertise of an agent to navigate price reductions, phase releases, and potential discounts.
  • Understand Market Dynamics: Educate yourself about the real estate market and stay informed about the local developments, potential interest rate reductions, and their impact on the housing market.

FAQ

Q: What is the current inventory of properties for sale in Santa Clarita Valley?

A: As of April 5, 2024, there are a total of 372 units for sale, including single-family residences, condominiums, and townhomes. This marks a significant increase from the beginning of the year when the number was just below 300.

Q: What factors are influencing the current seller’s market in the Santa Clarita Valley?

A: Several factors are influencing the current seller’s market, including low interest rates leading to sellers holding back from listing their properties, rumors of potential interest rate reductions, and robust seller activity with multiple offers and expedited inspection processes from buyers.

Q: What can buyers expect from the upcoming Santa Clarita Real Estate Guide for 2024?

A: The guide will provide valuable information for buying and selling real estate in the Santa Clarita Valley cities, including insights into different areas, taxes, negotiation, lending process, and more. It will also include a vendor list of the most trusted contractors and local utility companies, making it a one-stop reference for all real estate needs.

Q: What are some tips for buyers in the rapidly changing market?

A: Buyers should stay updated on the latest market trends, act quickly when they find a property that meets their criteria, utilize professional representation from a trusted real estate agent, consider new housing opportunities, and understand the market dynamics to make informed decisions.


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.