Summer 2010 Market Update
Market Commentary Provided by
Kim Thomson



Average Home Price $575,000 - View Graph Trend
Average Price Compared to Last Year Down 5-10%
Average Time on Market 90-120 days
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?
Market Trend Increasing
Buyers’ or Sellers’ Market Equal buyers and sellers
Seller Activity for the past 90 days in Santa Clarita is?
Multiple Offers? No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?
Is Financing Available For Qualified Buyers?
Housing Inventory Good supply - Some Prices
Greatest Activity Single-Family Homes
Reason to Buy/Sell Good economic news
Nearest Metro AreaLos Angeles, CA
Housing Hot Spots
Average Sold Price $575,000 - View Graph Trend

Santa Clarita Local News

Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows

For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.

"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."

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Kim Thomson
     661-263-0441

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Mortgage Rates
– Jul 30th, 2010 –
---------------------------------
 30 yr. fixed rate:     4.60%
 15 yr. fixed rate:     4.07%
  30 yr. jumbo rate:  5.42%
  15 yr. jumbo rate:  4.98%

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Keller Williams Realty
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Kim Thomson
Keller Williams Realty

  661-263-0441
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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