Los Angeles and Santa Clarita valley real estate housing market report

H O U S I N G M A R K E T R E P O R T B Y P A R I S 9 1 1 . C O M

GREATER LOS ANGELES –SANTA CLARITA REPORT

LOS ANGELES CONDOS / TOWNHOMES

LOS ANGELES SINGLE FAMILY HOMES

SANTA CLARITA SINGLE FAMILY HOMES

VALENCIA CA SINGLE FAMILY HOMES

STEVENSON RANCH SINGLE FAMILY HOMES

CANYON COUNTRYSINGLE FAMILY HOMES

CASTAIC CA SINGLE FAMILY HOMES

MARKET OBSERVATIONS

• The market is attempting to move from being a

sellers market to a buyers market.

• We are watching as sellers are not able to obtain

the amount they want for their homes and condos –

so hence the price reductions happening.

• However, the median sales prices are not reducing,

they are holding steady.

MARKET OPINION

• More inventory will be coming in the way of real

estate re-sale.

• Sellers are going to have more competition

regarding keeping home buyers attention.

• We are going to see a “typical-seasonal” buyer

increase come the end of the 1st quarter of 2014.

• However, the market will not shift from being a

sellers to a buyers market unless we have an

overabundance of inventory enter the “re-sale”

market.

REAL ESTATE BUYERS TIPS

• Get prequalified by both a main line bank and a

Mortgage Broker

• Obtain copies of your credit report from the first

lender you interview

• Make sure you ask your Realtors Opinion as to who

you should be working with in the lending profession

• Work with only local real estate agents – Team or

Solo is okay, Google Them!!!

REAL ESTATE SELLERS TIPS

• Look at the current value of your home in an apples

to apples comparison

• Ensure those Realtors you are interviewing are

giving you factual information

• Be weary of the Estimates obtained on-line for your

properties value

• The Real Estate companies reputation is as

important as your chosen Realtor’s reputation.

• Due Diligence is the key to hiring the BEST!