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Valley Short Sale Expert
Lauren Nemeschansky
Remax of Santa Clarita short sale
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Santa Clarita Short Sale Information

Author: Lauren Nemeschansky
Short sale in Santa Clarita
Short Sale, Short Sale Data, Short Sale Realtor
This short sale data includes Canyon Country, Castaic, Newhall and Saugus, Valencia, Stevenson Ranch. This report is based on statistics and data about short sales provided by the Southland Regional Association of Realtors.

Short sales in the Santa Clarita Valley

Between February 2012 and February 2013 approximately 1471 shorts sale closed in the Santa Clarita Valley. The median sales price was $300,000

Break down of short sales by city

Canyon Country Short sales:

415 homes sold with a median price of $250,000

Castaic Short Sales:

141 homes sold with a median price of $320,000

Newhall Short Sales:

133 homes sold with a median price of $250,000

Saugus Short Sales:

294 homes sold with median price $325,000

Stevenson Ranch short sales:

89 homes sold with median price $380,000

Valencia Short Sales:

399 homes sold with median price $3250,000

Foreclosures in the Santa Clarita Valley

In the same time period 715 bank owned properties total were sold in the entire Santa Clarita Valley. This means all of the cities in Santa Clarita and Stevenson Ranch and Castaic combined. Many less homes were sold as bank owned properties than short sales. Also there was a huge decline in the amount of bank owned properties sold in 2012 as compared to the previous year of 2011.
This is decline in foreclosures is probably because the banks are trying to work with distressed homeowners in approving more short sales rather than foreclosing. Also, the public is becoming more aware of short sale as an excellent alternative to a foreclosure. We expect that trend of more short sales being approved and less bank owned properties both coming on the market and being sold to continue in 2013.

Time of short sale homes on the market

In January 2012 the average time to short sale a home was 163 days whereas in February of 2012 the average time to short sale a home was much faster at 83 days.
The graph below shows how many days a short sale home was on the market in the Santa Clarita Valley between February 2012 and February 2013 . As you can see the short sales are remaining on the market for a shorter period of time prior to the close of escrow. This is largely attributed to new policies being established by the different lenders and banks in an effort to expedite the length of time for approving and completing a short sale.
santa clarita short sale market

Inventory of available homes in Santa Clarita

The inventory of homes available for purchase in the Santa Clarita Valley has declined steadily as can be seen in the graph below. Currently we only have 2 months inventory of homes, a balanced market is considered 6 months of inventory. This shows us that we have a severe shortage of homes available for sale in the Santa Clarita Valley. This appears to be part of a trend in the Los Angeles County area, and California in general. This is most probably a result of the lower home prices and attractive interest rates and buyer programs available which are causing more home buyers to make offers on the Santa Clarita inventory
santa clarita real estate inventory
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Contact Information

ReMAX of Santa Clarita
Valley Short Sale Expert
25101 The Old Road #232
Santa Clarita, Ca 91381

Phone: 661-310-8215
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About Lauren

REmax real estate agent
Lauren Nemeschansky is a REMAX
Real Estate agent serving
all of Santa Clarita,
Valencia, Stevenson Ranch,
Saugus, Canyon Country,
Newhall and Castaic.
San Fernando Valley and Los Angeles
HAFA short Sale Expert
CDPE certified real estate agent
M.S. Degree from California State University, Northridge
Real Estate License DRE#0172935:

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Short Sale Realtor Serving: Santa Clarita, Valencia, Stevenson Ranch, Saugus, Canyon Country, Castaic, Newhall
Copyright © 2013 All Rights Reserved. Valley Short Sale Expert, Lauren Nemeschansky
Lauren Nemeschansky is a Licensed REMAX Real Estate Agent DRE#0172935       Google
All information provided is deemed reliable but not necessarily accurate, neither Lauren Nemeschansky nor REMAX of Valencia shall be held liable for any inaccuracies or results thereof. This website and the information provided herein is for general educational purposes and is not meant to provide solutions for debt or mortgage problems or substitute for the counsel of a professional. Distressed homeowners are recommended to seek the advice of an attorney and tax professional. All rights to the content of this website are reserved and shall not be sold, duplicated, used or published in any manner without the express and written permission of Lauren Nemeschansky