Selling your Valencia home can be the biggest payday of your life. The prospect is so exciting, many
people rush into the procedure without taking the time to get to know
the housing market performance for their neighborhood. To avoid disappointments
or crucial mistakes on your listing, it pays to take a little time to
get to know what to expect and what has been going on recently in your area.
According to 2015 realty data that Dippy Real Estate has collected, the
average selling price for a home in Valencia, based on 1,162 that were
sold last year, is $505,000. This is a 1% increase from 2014; while not
an eye-opening change, it is indicative of a healthy market that can be
expected to increase overtime. The average selling price was about $545,000,
meaning sellers were getting around 8% less than their initial listing
prices. Once again, this is not a dramatic difference to be worried about,
and likely suggests that
buyers are choosing to work with realtors more often than not.
As of spring of 2016, there are close to 150 homes listed for sale, a drop
of 9% around this time last year. This decrease could be due to the fact
that so many homes sold last year – a good thing for buyers and
a great thing for sellers! Speaking of good news, only 16% of on-market
homes are currently in distress, meaning it is under a foreclosure order
or has been advertised for sale by the mortgagee. Four years ago,
54% of homes on the market were in distress.
What Does This Information Mean to You?
Overall, the housing market for Valencia is promising. If you are selling
your home, there are certainly people out there looking to buy. If you
are buying your home, you may be able to negotiate lowering the asking
price and still close quickly. Success from either side depends on how
you approach and handle the situation. If you want to take out the guesswork,
let Santa Clarita Realtor Dippy China be your guide. With a strong reputation
all throughout Santa Clarita, and the
world, you know you can depend on her to treat you and your property, whether
you are buying it or selling it, right.
Contact Dippy today or fill out an
online real estate consultation form now.