sell a home in Saugus? According to recent market trends within the area, now
just might be the right time. 2016 is shaping up to be an excellent year
in real estate throughout the Santa Clarita Valley, with Saugus in particular
seeing a steady increase in home values.
According to 2015 data collected by Dippy Real Estate, 774 total homes
were sold in the Saugus area last year at an average price of $484,000.
This comes out to a considerable 6% increase in price over 2014’s
numbers – a good sign that the market is healthy and is heading
upwards. Sellers received on average 6% less than their initial listing
prices, which is most likely a product of more buyers choosing to enlist
the services of realtors.
As of spring 2016, there are 85 homes currently on the market, equating
to an 18% reduction in supply compared to this time in 2015. This shortage
could be because so many homes sold in the area last year – a good
sign for prospective buyers an excellent sign for sellers! Furthermore,
only 7% of the homes on the market are in distress, meaning they are being
subject to foreclosure or sale by the mortgage. In comparison, a whopping
65% of homes on the market were in distress just four years ago. This
equates to the largest reduction in distressed properties throughout the
Santa Clarita Valley.
What Exactly Does All This Mean?
To sum things up, the housing market in Saugus is showing signs of growth
and presents an excellent opportunity for prospective buyers and sellers
to strike while the iron is hot. Whether you are looking to sell your
home or purchase a home in the area, Santa Clarita Realtor Dippy Chhina
is here to take out the guesswork and help you make a smooth transaction.
Having earned a trusted reputation throughout Santa Clarita for her unmatched
knowledge and personable touch, she can provide the steadfast guidance
and support you need to buy or sell your home with ease.
Schedule a real estate consultation or call her office today at (661) 441-3304 to get started.