Tag Archives: santa clarita real estate agents

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

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

Are You Leaving Money On The Table When Buying Your Home?

What can you do to save some cash on your home purchase?

As a home buyer, you know that your purchase will come with some out-of-pocket costs. Even if you’re taking advantage of a zero down loan, there are

Buying a home: Cash at closing

still associated costs before you can get into your home.

So what can you do to insure you’re not paying more than you have to in order to close escrow? Here are a few suggestions.

First and foremost, do your best to have the best credit score possible.

The better your credit, the better your chances of qualifying for a loan with a lower interest rate, which will save you a lot of money on your monthly mortgage payment, as well as the overall cost of your loan.

Shop for the best loan. read more

Will Interest Rates Rise In 2015?

Federal Reserve chair recently hinted that rates may rise sometime this year. What might that mean to the Santa Clarita real estate market?

With exception of a minor hiccup in hiring last month due to unseasonably cold weather in other parts of the country, our national economic federalreservecondition has seen much improvement since the dark days of the so-called “Great Recession” that reared its ugly head in 2008.

“But what does this have to do with mortgage interest rates?”, you may ask. 

Interestingly enough, it all ties in together. Banks and mortgage lenders borrow money from the Federal Reserve who sets a “wholesale” base borrowing rate for lending institutions. From there, consumers are charged a “retail” rate that is usually a few points above (Based on credit rating, etc.). read more

Foreclosures Drop To 2006 Levels

As the real estate market continues to flourish, we’re seeing an even bigger drop in homes lost to the bank.Short sales are down 82% over March of 2013

As 2015 moves forward, we’re continuing to see signs of a real estate rebound nationally, and especially here in Santa Clarita. Home prices climbed on average 12 percent last year, and we’re seeing continued value stabilization during the first quarter of this year when prices typically drop.

It wasn’t so long ago that many real estate agents (Ourselves included), had at least a noticeable percentage of our business come from distressed home buyers, many of whom were facing foreclosure by their lender. Last month, the SCV saw a total of 12 short sales on the market, with only 8 foreclosures being sold. read more

New 15 Year Mortgage Is Offered To Buyers With Zero Down Payment

Wealth Building Home Loan program gives buyers an opportunity to pay off mortgage faster with less risk.

There are many home loan types available to home buyers. The most popular is the traditional 30 year fixed-rate mortgage. However, these loans, while usually offering some of the best Santa Clarita Real Estaterates to qualified buyers, require a down payment of 20%. There are other loan options with lower down payment qualifications. The ARM (Adjustable Rate Mortgage) is an option used by many who are looking to get into a home with a lower mortgage payment to start, but know that their interest rate (And loan payment) will eventually rise over time. read more

New Study Ranks Santa Clarita In The Top 20 Of Best Cities For Young Families

Financial Site Nerdwallet gives Santa Clarita good marks for best cities in Southern California.

We’ve said it before, and we’ll say it again…Santa Clarita is a great place to live! Its diversity in housing choices, plenty of family-friendly things to do, great shopping, job opportunities Santa Clarita Real Estate. Photo courtesy of George D. Cummingsand great schools are only a few of the many things that attract home buyers to this valley. Don’t forget its proximity to commuter access that can take you to the major Los Angeles area metropolitan communities, making it a great place to “get away from it all” after a hard day’s work. read more

Home For Rent In Canyon Country: 27932 Calypso Lane

4 bedroom, 2 bath pool home also has room for all of your recreational toys!

The Lichen-Hooper Team at Keller Williams VIP Properties has a property for rent located in the rolling hills of the quiet and desirable Venture neighborhood in Canyon Country.

This home features many upgrades including recessed lighting, ceiling fans, and dual pane windows throughout.

The kitchen is light and bright, with newer appliances and custom travertine and granite flooring.

You’ll enjoy the spacious master suite complete with French doors opening out to the backyard, large mirrored closets, and a private bath upgraded with dual his and hers sinks and custom tile. read more

PRICE REDUCED! Home For Sale In Canyon Country: 19891 Drasin Drive

Completely remodeled 4 bedroom, 2 bath single family home is totally move-in ready!

Welcome to 19891 Drasin Drive in Canyon Country.

This gorgeous, 4 bedroom, 2 bath home has been totally transformed, and is just waiting for you to move in. Complete with a light and bright floorplan, you’ll find new carpets, tile flooring, dual pane windows and fresh paint inside and out…and that’s just for starters.

The kitchen has been totally remodeled with granite countertops, beautiful cabinetry, recessed lighting and stainless steel appliances.

The large master suite features mirrored closets, sliding door access to the backyard, and a completely remodeled private bath with his and hers sinks. read more