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Saugus: How Is Your Neighborhood Doing?

Looking to buy or 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 Chhina, 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.