Are We In For a Sizzling Summer In Real Estate?
Lower interest rates combined with rising home prices could be a win-win for both Santa Clarita home buyers and sellers.
2014 so far has been a pretty good year for real estate here in Santa Clarita. While prices haven’t gone up quite as much as they did last year, we’re still seeing steady gains month over month, with median sales prices (Including single family homes and condominiums) reaching $402,500 in April. Median sales prices reached $384,900 in March.
We need homes to sell!
We have about twice the number of homes available for sale this year compared to 2013, but we’re still short at just over 700 homes available for buyers in the SCV. This is only about a two month supply, and far short of our average of 1200-1800 homes we’d like to see for a balanced market.
Homeowners, pay attention! Home prices are up. Inventory is low, and so are interest rates. We have buyers lined up waiting for a house just like yours. Right now, you won’t have so much competition from other sellers since inventory is so tight, but you WILL have competition for your property from buyers. If you’re on the fence, contact us about how we can sell your home fast, and for top dollar!
Buyers, don’t delay! Lock in your mortgage rate NOW!
We wrote about it last week, and loan rates dropped again! We don’t know exactly how long this trend will last, but you want to take advantage of the tremendous purchasing power at your disposal as money is cheap at the moment. Take this opportunity to leverage yourself into the home of your dreams.
Short Sales and foreclosure are down, but not out!
We’ve seen short sales drop over 80% in the past year, and foreclosure sales drop over 50%. This doesn’t mean we’re not still helping people who got caught up in the mortgage mess and have barely held on, only to find themselves facing foreclosure. There are still options available to you to stop the bank from taking your home.
The Elgin and Pilar Walker Team are your REAL ESTATE ADVOCATES! Whether you’re buying, selling, or facing foreclosure, we have over 26 years experience in the real estate industry, and we’ve seen it all. Contact us for a no obligation discussion about your real estate needs.
Elgin & Pilar Walker
Keller Williams VIP Properties
25124 Springfield Court Suite 100
Valencia CA 91355
Office: (661) 290-3781
Mobile: (661) 347-6248