That’s the stat. Only 47 Santa Clarita short sales are currently being offered for sale right now. Out of 517 listings that are currently active in the entire Santa Clarita Valley.
That single stat indicates a shortage of distressed properties that are for sale. Bank owned homes are even more few and far between. Only 13 Santa Clarita bank owned foreclosures are being offered for sale at this time, out of the entire 517 listings.
The above demonstrates, in addition to the low mortgage interest rates, why the market has been appreciating in value. There is not only a short supply of distress sales such as short sales and foreclosures in the Santa Clarita real estate market, but the overall supply (that 517 figure) is ridiculously low in and of itself.
If you’re wondering where the Santa Clarita real estate market is headed in 2014, perhaps take a look at my forecast here.
Looking to buy or sell a Santa Clarita home in 2014? ASK Robert! You can start by contacting me at 661-373-2374.
