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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Castaic. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 661-810-7669
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| Average Home Price | $400,000 - View Graph Trend |
| Average Price Compared to Last Year | Down more than 30% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $700,000 - $749,000 |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Castaic is | Increasing |
| Seller Activity for the past 90 days in Castaic is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | If you have a home that is not a Short Sale or REO, we are seeing mulitple offers in excess of 5 - 30 offers on a property. Buyers and jumping on regular sales becuase they do not have to wait for a bank to make a decission. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 35-40% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The housing inventory in all of the Santa Clarita Valley area which includes the Castaic area as of 7/8/2009 were only 714 active listings. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Castaic! |
| Nearest Metro Area | Los Angeles |
| Housing Hot Spots | Properties located in and around Hasley Canyon & Hillcrest areas have been the Hot selling areas of the Castaic area in the last 3 months. |
| Average Sold Price | $400,000 - View Graph Trend |
Castaic Local News
First Time Home Buyer Tax Credit ends soon.... - Wednesday September 30th 2009
The current First-time Homebuyers Credit of $8,000 is for homes purchased on or after Jan. 1, 2009, and before Dec. 1, 2009. (There is a different tax credit for homes bought in 2008.) So, in order to get this credit, you must close on your home by Nov. 30. Factor in that the closing of a home can take on average 30 to 45 days, and this means that the home needs to be under contract by mid-October. Did you also know that you no longer have to repay this credit unless the homeowner sells or moves out of the home within 3 years of the purchase. For more details regarding this credit and other programs, Call Cheryl @ 661-810-7669 to set up an appointment to view homes right away. Time is of the essence...
Contact Information
Cheryl Lichen-Hooper
661-810-7669
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 9th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Cheryl Lichen-Hooper
Keller Williams VIP Properties
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 661-810-7669
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