All posts by cheryl

More Seniors Looking To Reverse Mortgages

As a growing number of “Baby Boomers” turn into seniors, many look for options to supplement their retirement.

Most sources agree that the post WWII “Baby Boom” lasted from 1946 to 1964, which relates to an upswing in births during those years. In fact, by theWhat is a reverse mortgage? end of the 1940’s, 32 million babies had been born, compared to 24 million during the previous decade.

Of course, those babies grew up to become part of the youth culture and movement of the 1960’s, and the “Yuppie” movement of the 1980’s. However, now anyone born in the year 1950 or before are officially at retirement age. read more

New Changes For Old Town Newhall

The possibilities of new housing and art house theater coming to Newhall are getting closer to reality.

In a recent City Council meeting held in Santa Clarita, a 3-0 vote was cast to allow the city to begin negotiations with Laemmle Theaters to construct a

ArtSLAM takes place the 1st Thursday of every month in Old Town Newhall.
ArtSLAM takes place the 1st Thursday of every month in Old Town Newhall.

six screen “arthouse” theater in Old Town Newhall.

This is a big deal, considering the fact that the two Megaplexes in Santa Clarita (One at Westfield Valencia Town Center, the other located on Soledad in Canyon Country) mostly show blockbuster films. Otherwise, true arthouse cinema fans must go to either the San Fernando Valley or Los Angeles to see quality, smaller budget or independent films…or wait until they hit the streaming channels. The proposed theater will be located at the corner of Main Street and Lyons Avenue, across from the Old Town Newhall Library. read more

Just What Is a Real Estate “Comp” Anyway?

Whether you’re selling a home, or buying one, the Comparative Market Analysis is your best friend.

Okay, so you’ve decided to sell your home. Congratulations! Now comes the big question: What price are you going to ask for? This of course leads to a What is a comparable market analysisfollow up question: How do you arrive at that price?

Or…you’ve made the decision to buy a home. Great! So how do you arrive at your asking price when putting together your purchase offer?

In discussing the value of real property, we have to look at it differently from how we might look at selling something personal, like a car. Real estate value fluctuates under conditions much like the stock market, only with a few differences. read more

Single Family Home Prices Are Rising In Santa Clarita

May saw a $30K jump in the median price of single family home prices in the SCV.

Good news for Santa Clarita homeowners came from the Southland Regional Association of Realtors who recently reported that home prices Bridgeport Nightcontinued to rise in May, with the median price of a single family home jumping to an average of $530,000. That’s a $30,000 jump from April, and a $45,000 jump from May of 2014.

We’ve seen single family home prices steadily rise throughout this year, with gains rebounding from recession-era lows since the end of 2012.

Is this what’s known as a “seller’s market?”

Sellers have been able to take advantage of the upswing in equity over the past few years. This does not necessarily mean that “anything goes” when it comes to pricing their home, however. read more

Santa Clarita Water Division Approves New Watering Restrictions

New plan goes into effect immediately regarding watering schedules and other water conservation methods.

As we continue into another year of what’s been called the worst drought in California’s history, state and local mandates have required water

Castaic Lake Water Agency
Castaic Lake Water Agency

companies to come up with even more recommendations and implementation of water conservation tactics.

The first rather noticeable change went into effect on June 11th, based on the newly enacted Ordinance 43. Santa Clarita residents are now allowed to water their lawns only twice per week, down one day from the original three day watering schedule that was in effect from April through October. read more

Condos Make a Comeback In May

After a few months of lower prices, condos took a surprising leap last month.

Statistics recently released by the Southland Regional Association of Realtors showed a bounce upward again in condo prices; rising $25,000 in Make your New Year real estate resolutionsmedian equity from April to $315,000.

Prices for Santa Clarita Valley condominiums have dropped in recent months, hovering in the low $300,000’s until April, where they tumbled to $290,000.

Home prices typically fluctuate in a normal market, so these numbers are not surprising. Interest rates, while ticking a few tenths of a percentage to just (barely) over 4% are not holding qualified buyers back from taking advantage of market conditions and getting into the home of their dreams. read more

Home Plus Adjoining Parcel Of Land For Sale In Acton

Large ranch estate on 5 acre lot has huge potential.

35400 Via Famero Drive, Acton 93510

Come and see this incredible opportunity to own a dream ranch home in the Santa Clarita Valley.

Located on over 5 acres of very usable land, this 6 bedroom, 5 bath home has over 4500 square feet of living space.

Featuring a large living room that’s perfect for entertaining, you’ll enjoy its light and bright feel, along with some very decorative touches including stained glass, custom archways, and beautiful views.

The formal is perfect for gatherings with family and friends. read more

What Does It Mean When Home Prices Level Off?

Median property prices leveled off between March and April, but is that really cause for concern?

We’ve seen a lot of great things as far as the Santa Clarita real estate market goes. In the past 3 years, we’ve seen a rebound in sales figures and prices, Santa Clarita Home Pricesincluding a huge reduction in short sales and foreclosure sales.

So when the Southland Regional Association of Realtors releases statistics showing that single family home prices in the SCV dropped $20,000 between March and April, some homeowners give it cause for concern. But is it?

Home prices regularly fluctuate.

If you look back over the sales figures history as provided by the Southland Regional Association of Realtors, you’ll find that home prices regularly fluctuate, even in a hot market. What you’ll want to consider is the overall long term growth in value, especially if you’re planning to stay in your home for a long period of time. read more

Getting What You Want In a Hot Market

Homes are still quickly changing hands in the SCV, but does that mean buyers can’t get what they want?

We’ve seen a true rebound in the real estate market here in Santa Clarita. Median single family home prices have topped the $500,000 mark, and How to get what you want when buying a homesome homes are still receiving multiple offers, making sellers very happy. However, does this mean you can’t get what you want when it comes to purchasing a home in this climate? Here are three things to consider when making your offer.

1. Be on solid financial ground, loan-wise.

In a normal market, a loan pre-qualification letter is usually good enough to get your foot in the door with the seller in order to have them take your purchase offer seriously. However, if you can obtain a loan PRE-APPROVAL, that lends more credence to your offer in the seller’s eyes, and lets them know that you would be at much less risk of not closing the deal. Adding a sizable good faith deposit will look good in their eyes as well. read more

Home For Sale In Canyon Country: 20222 Steinway Street

Beautiful turnkey home comes with gorgeous views of the Santa Clarita Valley.

Welcome to 20222 Steinway Street in Canyon Country.

This beautifully upgraded 3 bedroom, 2 bath home sits at the end of a quiet cul-de-sac on over 11000 square feet of land.

The open floorplan provides a great opportunity for family gatherings and entertaining friends, with incredible views of the backyard.

Speaking of upgrades, the remodeled kitchen boasts custom countertops and backsplash, plenty of cabinet space, a large center island, recessed lighting, ceiling fan and newer appliances. read more