Not quite… but it feels that way! Santa Clarita foreclosure deals are few and far between. Out of 519 homes for sale in the Santa Clarita Valley as of today, there are only 11 (eleven) bank owned foreclosures. That’s just 2% of active homes for sale! Distress sales push prices down, but prices are going down because the majority of the market are standard equity sales in the Santa Clarita real estate market.

CoreLogic came out with a report today showing that completed foreclosures from Nov 2012 through Nov 2013 in the United States was down almost 30%.

With less distress-type sales hitting the Santa Clarita real estate market, and fewer and fewer people delinquent on their mortgages… home values in Santa Clarita have been appreciating. Interest rates are low and so is supply. With fewer Santa Clarita homes to choose from, home buyers have been bidding up prices to get in while the interest rates and homes values are still affordable.

Will we continue to see Santa Clarita foreclosure deals?

Here and there. Yes. We will. But if you’re banking your home purchase on finding one of those, then give yourself at least 6 months to find and buy a home – sometimes longer. We’re in the type of market where if anything is priced under market value… it’s like throwing chum in the water with a few hungry sharks.

If you’re looking for a Santa Clarita home and are in need of a great deal… then now, more than ever, you need a real estate agent to help guide your search. ASK Robert! Don’t do it alone. You can start by calling me @ 661-373-2374.

Santa Clarita Bank Owned Foreclosure Listings – see below for a current and up-to-date list:

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