Prospective home buyers in Santa Clarita Valley currently searching for that great short sale or foreclosure deal, will likely be be disappointed to discover there’s not much available right now. As of the end of January, 2014 there are a total of about 521 homes for sale in Santa Clarita, and only 44 of those homes are short sale, or pre-foreclosures. Additionally, there are only 2 foreclosures and 9 bank owned properties on the market. Most of the homes available for sale in Santa Clarita Valley are considered to be of the standard sale variety, and home buyer competition for the good deals might be fierce! That’s simply because the inventory of homes for sale in Santa Clarita, though improved, remains low. See current short sale listings available in Valencia right now!
Where does this leave those prospective home buyers wanting that great deal? It’s not like a few years back when nearly 50% of the market was either a short sale or foreclosure. Back then, there were plenty of homes to choose from, but this is no longer true and isn’t going to change anytime in the near future. As with most Southern California real estate markets, Santa Clarita is no different. The market continues to shift, and those buyers that are best prepared and react quickly to these shifts, are usually the ones who win!
Santa Clarita short sale shoppers must remember, even though short sales and foreclosures total less than 10% of the real estate market, that doesn’t mean there’s nothing available. It only means buyers have less to choose from. It’s extremely important home buyers keep a close eye on any new short sale or foreclosures coming on the market, and be prepared to take action as quickly as possible! Make sure you have an Santa Clarita real estate agent that responds quickly and continues to keep you informed on new deals as they come on the market. If it’s a short sale or foreclosure you’re after, it’s also critical your agent is a certified distressed property expert and has a long track record of successfully closing these sometimes difficult and complex transactions.
Want to buy a Santa Clarita short sale home? Contact Matt Gregory today! 661-713-4799.