Valencia California home prices increased YOY 2023 to closing Sept 2024 what's next

First Responder Realtor | Connor with Honor | Defending Your Real Estate Interests with Integrity, Expertise, and Dedication Since 1998

Welcome to another episode of Santa Clarita Real Estate Insights, where Connor with Honor dives deep into the latest trends shaping Valencia and the broader Santa Clarita Valley real estate market. On the 306th day of 2024, as we step into November, we’re taking an in-depth look at what’s happening on the ground in the local housing market, backed by real-time data and expert analysis.

In today’s episode, we break down the numbers that matter, including the 0.7% year-over-year increase in Valencia property prices, the current inventory count across Santa Clarita, and how each property type—from single-family homes to condos—is performing in the market. Whether you're buying, selling, or simply curious about market dynamics, we’ll walk you through:

• The Inventory Landscape: With 544 active listings in Santa Clarita, 228 of which are in Valencia alone, we highlight the differences between neighborhoods and what each area offers in terms of price per square foot. Discover how pricing varies between Canyon Country, Stevenson Ranch, and Valencia, with insights into why certain areas command higher premiums.
• Price Trends and Adjustments: We delve into price adjustments, where almost 15% of properties have undergone reductions, and what this means for sellers in a competitive market. Connor explains how setting a realistic price from the start can be a game-changer, while buyers might find opportunities among these price-reduced properties.
• Days on Market and Market Pace: Properties in Valencia are averaging about 52 days on the market. We discuss what this metric signals for the market’s overall health and how buyers and sellers can use this insight to time their moves effectively.
• Luxury Features that Attract Buyers: Explore how unique features like private pools (found in roughly 10% of Valencia properties) and scenic views impact sale prices and attract more interest. If you're a seller, learn how emphasizing these elements can make your property stand out.
• Practical Advice for Buyers and Sellers: Connor shares actionable tips, from why getting pre-approved is critical for buyers, to why sellers should consider price adjustments sooner rather than later. Also, hear about the “coming soon” listings at SantaClaritaOpenhouses.com/coming-soon, and why keeping an eye on these pre-market properties can give buyers an edge.
• Preparing for Next Year’s Market: Looking ahead, we talk about what buyers and sellers can expect as 2025 approaches. With spring typically bringing an influx of new listing

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From first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.
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