Stevenson Ranch CA Real Estate
Stevenson Ranch, California is a community in the Santa Clarita Valley about three miles south of Six Flags Magic Mountain. Santa Clarita Valley is comprised of Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia (although many consider Agua Dulce, Acton and Castaic as part of the community also).
Stevenson Ranch is the newest community in Santa Clarita Valley set in the foothills of the Santa Susana Mountains west of the I-5 freeway encompassing about 4,000 acres. Stevenson Ranch is a master planned community which was approved by the county in 1987 and is home to some of Santa Clarita’s finest homes.
Stevenson Ranch offers a wide variety of homes from condos, townhomes, single story and two-story homes as well as build to suit lots. Stevenson Ranch is a family-oriented community with some of the best schools in California. Stevenson Ranch is centrally located close to the Santa Clarita Valley Mall and other shopping and family entertainment hot spots such as movies, bowling, ice-skating, Six Flags Magic Mountain Theme Park and Hurricane Harbor Water Park, paint ball, parks, miniature golf and golf.
State of the Stevenson Ranch Real Estate Market as of March 2009:
| Active Listings | 79 |
| Avg DOM | 90.2 |
| Residential Active: | 55 |
| Condo Active: | 24 |
| Short Sales Active | 36 |
| % SS Active | 45.6% |
| REOs Active | 6 |
| % REOs Active | 7.6% |
| % Total Distressed Active | 53.2% |
| Pending & Backup Total |
55
|
| SS Pending Total | 28 |
| % SS Pending |
50.9%
|
| REO Pending Total | 10 |
| % REO Pending Total |
18.2%
|
| Total Pending Distressed |
69.1%
|
| Avg DOM | 77.5 |
| Closed to Date |
25
|
| Avg DOM |
44.8
|
| SOLDS: | |
| Residential Average Price 2- | 325 |
| Residential Median Price 2- | 325 |
| Residential Average Price3 | 415 |
| Residential Median Price 3 | 415 |
| Residential Average Price 4 | 575.4 |
| Residential Median Price 4 | 603 |
| Condo Average Price | 263.3 |
| Residential Median Price | 270 |
| ACTIVES: | |
| Residential Average Price | 668.6 |
| Residential Median Price | 679.9 |
| Condo Average Price | 298.8 |
| Residential Median Price | 299 |
| 1-30 Days |
13
|
| 31-60 Days |
5
|
| 61-90 Days |
1
|
| 91-120 Days |
3
|
| 121-180 Days |
1
|
| More than 180 Days |
1
|
| Total Units Sold | 25 |
| Average Market Time | 44.8 |
| % 30 days sold | 52% |
| % 60 days sold | 72% |
For those who are interested allow me to walk you through what these numbers mean for Stevenson Ranch Real Estate in Santa Clarita Valley:
-
There are currently 79 homes for sale in Stevenson Ranch California.
-
These homes have been on the market an average of 90.2 days, or 3 months, and are still not sold.
-
Of the 79 homes for sale, 45.6% of them are Short Sales and 7.6% of them are Foreclosure homes, which means that
-
53.2% of the inventory in Stevenson Ranch is considered Distressed
-
Currently 55 homes are in escrow, of those
-
50.9% are Short Sales and 18.2% are Foreclosure sales = 69.1% of the pending inventory is considered Distressed sales. What this means for the "normal" seller in Stevenson Ranch California is simply this: your competion is Short Sales and Foreclosure Sales!
- The average time it took these homes to sell was 77.5 days, or 2 1/2 months.
- Year to Date 25 homes have sold in Stevenson Ranch.
- The homes that sold were on the market an average of 44.8 days...this is important, because it is taking 33 more days on average to get a home sold in Stevenson Ranch.
- The average selling price of a home in Stevenson Ranch was around $600k
- The current list price of a home in Stevenson Ranch is around $668k
Noteworthy: Although the current days on market is 90 days, and the current pending inventory has an average of 77 days, 52% of the homes are selling in the 1st 30 days of being listed in Stevenson Ranch.
Looking to Sell a Home in Stevenson Ranch
What do you need to know if you're looking to sell a home in Stevenson Ranch California? Here are some questions that will help you discover what you need to know:
Q. HELP! I'm upside down on my Stevenson Ranch home and facing foreclosure?
Might as well get this one out of the way up front. Here I'm going to redirect you to my Short Sale page for homeowners. It will explain everything you need to know, including your options.
Q. How much is your home worth? If you're not sure there are some wonderful resources you can take advantage of to get a ballpark estimate, such as this site:
This is one of my websites and what it will do is give you a detailed list of all the properties currently listed in your area of Stevenson Ranch (or whatever area in Southern California you may be in) as well as homes that have recently sold. From this information you can get a good idea of where you stand. It does all this right over the web, within a few minutes of filling in some basic information.
Or, if you prefer, you can sign up for a FREE, No Hassles, No obligations, personal CMA (Comparable Market Analysis) of your home through my office. This takes a little longer but is much more accurate. You can submit for this here:
Q. How much do you owe on your Stevenson Ranch home?
What you'll want to find here is your payoff amount. You can generally find this by calling your lender or looking it up online. You'll need a targeted sell date, so assume if you listed today and sold tomorrow, add 30 days to that date. Realistically, add 60 - 90 days to be safe.
Q. How long do you want your Stevenson Ranch home to be on the market?
Do you want to have your home listed for 30 days or for 6 months or longer? Of course the obvious choice for most folks is 30 days or less, so the follow-up question is the BIG $64,000 question...
Q. Where are you moving to?
Right now is a GREAT time to buy. Something to keep in mind if you're looking to sell and move-up, because although you may not sell your home for as much as it would've sold for in the past, it is irrelevant if you're looking to purchase another home as the price of the home you're looking to purchase will also most likely be a lot less than it once was.
Q. Will you price your home to sell?
Again, we're not trying to insult anyone's intellegence here...we realize the obvious objections and questions. "Jim, I don't want to give my Stevenson Ranch home away!" And that is a valid and reasonable objection. And of course we're not suggesting to anyone to price their home so low that they "give it away!" However, may I share with you some very interesting statistics (because numbers don't lie)?
- 52% of the homes in Stevenson Ranch are selling withing the 1st 30 days, while the rest of the homes are taking between 60-180 days.
- Of those 52%, ALL of them were well-priced, "HOT" listings
- The average length of time a home in Stevenson Ranch has been listed right now is 90 days...that's 3 months!
- The biggest complaint we've heard from sellers is the "hurry up and wait" game...the time between listing a home for sale and the time it sells..having to keep the home always ready to show at a moment's notice, showings without offers, the "when" is it going to happen?, and so forth.
- According to NAR (National Association of Realtors®) statistics, the 1st 30 days (especially first 2 weeks) on the market generate the highest level of interest and then drastically drops from there, as illustrated below:
- An overpriced home will generally net less than it would have or should have if it were just priced correctly in the beginning. Why? Because an overpriced listing will then have to "chase the market down" through price-reductions, ultimately netting less over a longer period of time
- An overpriced listing will "cut" out a major portion of willing, able and ready buyers. A home priced 10% above market will cut out 30% of buyers...15% will cut out 50% of buyers:
Q. Are you planning on selling your Stevenson Ranch home yourself or are you looking to hire a professioal?
This Real Estate market is a market for professionals. With over 53% of the active listings being distressed (Short Sales or Foreclosure homes), and almost 70% of the homes that are selling are distressed, your competition has become banks. Unfortunately banks can afford to continue to cut their prices until a home sells. Additionally, the buyers in the market right now are looking for "deals." What this means in their eyes is that a "normal" listing, or one that is not distressed, is not a good deal! Even if it is. It takes full-time, dedicated commitment to get homes sold in this market.
Q. How much will it cost to sell my home?
The obvious question attached to this is the commission question, "How much do you charge?" And honestly, that depends. But for the sake of your discovery, factor in total selling costs of about 10%...yes...I said 10%. In this market buyer's are expecting help with closing costs as well as money for repairs. You might as well be prepared for it right up front. Addtionally, selling agent commssions (the agent who brings the buyer) are going up...yes...up. Basically, banks are willing to pay higher commissions to agents who bring the buyer, which means to compete with the banks, selling office commissions need to be increased.
Q. Are you willing to carry a note for the buyer?
Lots of risk here but by doing so you may be able to get a better price for your home if you don't need all your cash out right now.
Q. On a scale from 1 - 10, 10 being very motivated and 1 being not motivated, how do you rate your need to sell your Stevenson Ranch home?
In this market, anything below an 8 = WAIT!!! This is a market for serious sellers only! Proceed with caution!
The Jim White Homes Team sincerely hopes that this information is beneficial to you. We understand there is a lot of information out there about selling your Stevenson Ranch home and a lot of agents you could chose from. It's our hope that you will give us an opportunity to earn your business if you do decide you want to take that next step. You may contact us at 661-263-6140, or email jim@jimwhitehomes.com.
Feel free to check out our other seller resources for selling your Stevenson Ranch home below:
- Common Seller Questions, Objections & Answers
- Our Listing Presentation
- What do we do to Get Your Home Sold in this market?
Looking to Buy a Home in Stevenson Ranch
If you're looking to purchase a home in Stevenson Ranch California, or Santa Clarita Valley, this is a GREAT time to buy! Interest rates are at all-time record lows, there is plenty of great inventory ot chose from, but, the "HOT" deals are moving off the market very fast. Please visit our buyer resources listed below to get you up to speed on purchasing a home in Stevenson Ranch and then you're ready for your search!
- Home Buying 101
- Commonly Asked Buyer Questions
- Buying a Short Sale or Foreclosure Property
Stevenson Ranch Homes for Sale
Are you looking to purchase a home in Stevenson Ranch California? Right now is a GREAT time to buy! If you would like to search live, online, right now for homes for sale in Stevenson Ranch California, simply follow this link and fill out the information and you're on your way:
Stevenson Ranch Foreclosure Homes for Sale
Looking for Stevenson Ranch Foreclosure Homes for Sale only? Then visit this page often as these listings are refreshed regularly. Also, keep in mind that many properties that are well priced in this area are going very quickly. If you would like help finding a home, we would value the opportunity to earn your business. Click the link below to see the most updated foreclosure homes for sale in Stevenson Ranch:
Stevenson Ranch Short Sale Homes
Short sale homes can be a fantastic value. Many times for much less than even a foreclosure home is priced. However, please make sure you read up on Short Sales prior to making a decision to go after one of these gems. Remember to visit this page often as these listings will be refreshed regularly.
Did you know? Our team can show you any home you see listed for sale and even listings that you don't see? Contact us for more information at 661-263-6140 or email.
