Living In Santa Clarita

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Archive for the tag “santa clarita real estate”

Buyers paying over asking price…way over asking!

With the lack of inventory out there buyers have little to choose from and thus are paying premium dollars for the house they want to buy. 99.9% of the time they are paying above asking price. They either are paying out-of-pocket for the difference with the appraisal or working something out in the offer with the sellers. Contingencies are being removed as well.

I have a listing that just sold for 25K over list price and I also just had an offer accepted with a buyer on a home and we just got the offer barely accepted with 25K over.

Below is an article that explains this a bit.

 This article is from the Daily Real Estate News…

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More Buyers Willing to Make Higher Offers

DAILY REAL ESTATE NEWS | FRIDAY, MAY 24, 2013

Home buyers are saying they’re willing to pay more for a residential property due to concerns over low inventory. In the second quarter of 2013, 41 percent of buyers said they’re willing to offer more, up from 34 percent in the first quarter, according to a survey of more than 1,300 home buyers in 22 major markets by the real estate brokerage Redfin. 

The number of buyers who say they’re concerned about rising home prices has more than doubled in the past year, according to the survey. Seventy-nine percent of home buyers say they believe prices will increase in the next 12 months—with 23 percent of that group saying by “a lot.” 

“Home buyers are accepting the reality of a seller’s market and expressing a willingness to pay more,” according to the brokerage’s survey. 

Hot real estate market areas in California

Here is a great piece of information that shows how the real estate home buying market has taken off and is red hot in most areas! Take a looksie

Hot market areas in California

See how other areas are doing!

New listing in the Tesoro area of Santa Clarita

Beautiful Tesoro home in Santa Clarita. 4 bedroom home with over 3400 square feet! Some of the many features are an office and play area downstairs with Living Room, Dining Room, Family Room. In the kitchen we have matching Kitchen Aid appliances, built-in Fridge, Wine Cooler, Trash compactor, Bar Stool area, then a laundry room and a 3 car garage. Out back there is a Viking BBQ Grill with a yard and a fantastic view! All this comes with great schools – Tesoro Elementary, Rio Norte, Valencia High, a Big Community clubhouse with pools, spas and a lake with a trail around it for walking! Shopping nearby, Santa Clarita Paseos and Bicycle Trails nearby, Easy access to Freeway, minutes from downtown Santa Clarita! Private viewings only please. Mello Roos is approx. $2978 per year… included with your mortgage payment…

Contact me today if you have questions or are interested.

661.513.3263

California Real Estate Market Snapshot

Real Estate Market Snapshot

Market snapshot from California Assoc. of Realtors

2013 Real Estate housing prediction

This was a October 2012 prediction for this current year of 2013 from the California Association of Realtors Chief Economist, Leslie Appleton Young.

She was right on! Sales and Median home prices have gone up!

Housing Recovery is for Real

According to this great article by FICO, the housing market is for real according to 71% of the lenders in the market today.

Besides in Real Estate they are seeing positive signs in: 

  • Car loans                               79 percent
  • Credit cards                           75 percent
  • Home equity lines                   81 percent

For more information about this and to read the entire article by FICO, 4/9/13

Click below

http://www.fico.com/en/Company/News/Pages/04-09-2013-housing-recovery-for-real-according-to-71-percent-of-lenders-fico-survey.aspx

Housing Market is on fire!

The housing market has been on fire for the last 9 months actually! We have seen houses sold in hours for asking or above asking price. Sometimes for 50K over with all contingencies removed. Why would you do that you ask? Because the prices are going up and you will get equity or appreciation in your new home in months not years right now.

Most areas around the Los Angeles area are going up at least 1-2 % per month.

If you hare interested in buying in an area, contact me today and I will send you the information on how that area is doing right now.

Housing Market is on fire!  – click on the article to the left here and read more…

Michael

Home sales: Best year in 5 years!

2012 was the best real estate year in 5 years. Read the promising article below from CNN Money Magazine for some positive information.

Home sales: Best year since ’07 – Jan. 22, 2013.

The Feds trying to help people from foreclosure…what a concept!

Here is an article from CNN.com that mentions how federal officials are issuing a few new rules to help people from going into  foreclosure. In my opinion this is a bit on the late side as the real estate market has shifted and is now positive. Would have been nice oh say 3-4 years ago! Guess we can’t be fussy and have to take what we are given.

Click on the link below and read the article – courtesy of CNN.com

http://money.cnn.com/2013/01/17/real_estate/mortgage-rules/index.html?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

it’s been way to long…

It has been since Oct 8, 2012 since my last post… way to long. I let this go. This blog was a dream of mine to be able to post information of sorts with my own style, my own flair. I am the CEO, The Editor in Chief, and I let it go. 

Well one of my goals this year is to bring my blog back to life.  I really love to write. I was an editor of a college newspaper back in the day and really enjoyed journalism. Sports or news it didn’t matter. I even had my own opinion column. That was before the internet became the warm glow we all love and depend on now.

I will start today and continue moving forward with this blog day by day and watch it grow.

I am a real estate agent so I will post about real estate from time to time but also about things to do or that are going on in Santa Clarita Valley. 

Being a spandex cyclist I get around town a lot. I am averaging about 300-500 miles a month. So I do spend quite a bit of time on my bicycle riding around Santa Clarita!

I do subscribe presently to 153 blogs. So don’t be surprised if I mention or quote a blog from time to time. I find reading blogs more interesting then reading the news. I have blog friends from all over the world! I find most of the news to be negative and depressing these days more so then ever.

Well I guess I will stop tapping on the keyboard for now and go read a few blogs!

 

 

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