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Market Trends
Commentary Provided byCheryl Lichen-Hooper 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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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Los Angeles | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| 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. | ||
| Average Home Price | $400,000 - View Graph Trend | ||
| Best Selling Price Range | $400,000 - $449,000 | ||
| Worst Selling Price Range | $700,000 - $749,000 | ||
| Compared to Last Year | Down more than 30% | ||
| Prices As % of Asking Price | 80-85% | ||
| 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. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Castaic is | Increasing | ||
| Seller Activity for the past 90 days in Castaic is | Increasing | ||
| Is Financing Available For Qualified Buyers in Castaic? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 35-40% | ||
| 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. | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Castaic! | ||
| Average Sold Price | $400,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Cheryl Lichen-Hooper
Keller Williams VIP Properties Valencia, California 661-810-7669 CherylHooper@att.net Agent Home Page 
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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...
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