It’s been a while since our last short update so here’s a Short Sale market update for Santa Clarita as of August 2014.
Currently there are 44 homes for sale in Santa Clarita that are listed as short sales. The numbers are very similar to our last update for March, 2014, so the number of short sales on the real estate market in Santa Clarita remains almost exactly the same.
The following numbers include the City of Santa Clarita, Acton, Agua Dulce, Castaic and Stevenson Ranch. We have a total of 786 homes for sale as listed in our local MLS. That’s a pretty good number so as Realtors and Certified Distressed Property Experts, we’re encouraged and our local home buyers should be as well. Of the 786 homes for sale, 44 are listed as short sales and only 8 of the 786 homes are listed as Foreclosures.
- 786 – Total number of homes listed for sale in the MLS for Santa Clarita and nearby communities.
- 46 – of the 786 homes for sale are Short Sales
- 8 – of the 786 homes for sale are Foreclosures
- 724 – of the 786 homes for sale are Standard Sales
- The remaining few homes fall in the miscellaneous category
Homeowner’s Trying Standard Sale First
Some of you might be wondering where the real estate market is heading in the future but we’re more interested in another important fact. There are a good number of homeowners offering their homes for sale barely scraping by having to short sale. Because in recent years many homeowners were so very upside down with their mortgages, they didn’t have a chance to sell their home as a standard sale. Now, with higher home values a good number of sellers are hoping to get out of their home by selling it as a standard sale, as opposed of a short sale. Since we have extensive experience with short sales and standard sale transactions, we can help. Contact us today.
How Did They Arrive at the Listing Price?
If you’re a prospective homebuyer, you might be wondering how it is some home sellers arrive at the listing price for their homes. Sometimes it doesn’t make sense, and this could be the reason. Raising the listing price of a home by 10K or 20K might be the difference between the homeowner having to short sale or getting by with a standard sale. It sounds great but if the home is listed for sale over market value, there needs to be a good reason to make the prospective home buyers want to bite. Regardless, if you’re a struggling homeowner it’s certainly worth a try at upping the price a bit to achieve a standard sale in order to avoid a short sale. What the heck, if it doesn’t work they can always short sale later.
We Can Help
If you have been struggling with your home mortgage, we can help. Certainly, if you have enough equity let’s take a shot at a standard sale. If that doesn’t fly, we’ll short sale your home. One thing to keep in mind however is, don’t let yourself get too close to a sale date or we won’t have time to give the standard sale a try. In fact, the closer you are to a sale date, the less likely it is we’ll be successful with your short sale.
We hope you enjoyed this post and we’d love to hear your thoughts about, Short Sale Market Update for Santa Clarita. Contact us today and let’s get started with your short sale. Call 661-347-6955 or email Matt Gregory at [email protected]