Santa Clarita February 2024 Market Update

by Cash McCallum

Santa Clarita February Real Estate Market Update: Low Inventory and High Sales Activity

Santa Clarita Valley real estate market is picking up

Active listings in Santa Clarita Valley market are very low at 298 homes
Pending in escrow homes are at 235, indicating increased activity

Market has 298 active listings and 235 in escrow.

Low inventory has been holding values steady through COVID.
309 homes have closed sales in the last 60 days.

Sant Clarita Valley has 35 additional homes and 298 active listings.

Valencia has 69 active listings, 81 pending in escrow, and 101 closed sales in the last 60 days.
Saugus has 39 active listings, 38 pending in escrow, and 54 closed sales in the last 60 days.

Real estate market update in select areas

39 pending sales and 50 closed sales in the last 60 days in Castaic with 27 active listings
Stevenson Ranch has 3 active listings, 9 pending in escrow, and 7 closed sales in the last 60 days, indicating a high rate of turnover

High-end homes in Santa Clarita

Valencia has the highest closed price at $4 million for a 6,083 sq ft home built in 2006.
A property in Awood Doui Winery is listed for a little over $12 million, including 88 acres of vineyards and wine business.

Interest rates are fluctuating in 2023 and expected to come down in 2024.

Interest rates have risen to over 8% in 2023, then came down to 6.25%, and recently dropped to around 6.35%.
The interest rate is influenced by factors such as loan type, credit score, and market conditions.

Interest rates are expected to come down due to the election year.

Real estate market will be impacted by the decreasing interest rates during the election year.
Buyers and sellers should be prepared to make a move when the rates come down.

Buyers can negotiate for reduced interest rates.

Buyers can negotiate for concessions from sellers to lower interest rates and improve affordability.
Reducing the purchase price minimally affects the payment, so negotiating for lower interest rates is a key factor for most buyers.

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Cash McCallum

Broker Associate | License ID: S.0201624|SP56208|DRE01863143

+1(661) 313-5597

Expert Real Estate Services for Boise Relocation and California to Idaho Real Estate

Cash McCallum is a top producing real estate agent at Re/Max. With extensive knowledge of the local market and a passion for helping clients find their dream home, Cash is committed to providing expert guidance and personalized service throughout every stage of the buying or selling process.

Whether you're looking for a home in Santa Clarita, CA, Boise, ID or the surrounding areas, Cash can help you find the perfect property to fit your unique needs and lifestyle. From RV garages and country living properties to suburban homes and urban condos, Cash has access to the latest listings and market data to ensure you get the best possible deal. Looking to relocate? Cash McCallum has extensive background in buying and selling out of state and relocation real estate. Cash McCallum has a vast network nationwide and can assist in buying and selling out of state while helping you find your dream home in the state you want to move to!

Expertise in Buying and Selling Homes

As a licensed real estate agent with years of experience, Cash has the skills and expertise necessary to help you navigate the complex process of buying or selling a home. Whether you're a first-time homebuyer or a seasoned investor, Cash can provide valuable insights and advice to help you make informed decisions and achieve your goals.

What's My Home Worth? Will the Market Go Down? Should I Buy a Home?

Whether you're curious about the value of your home, wondering whether the market is going up or down, or considering buying a new property, Cash can provide the information and guidance you need to make the best decision. Contact Cash McCallum today to learn more!