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🌟 Santa Clarita Real Estate Market Update – July 27th, 2024 🌟

📅 Welcome to Your Market Update!

Hi everyone, I’m Connor MacIvor, your trusted real estate guide. Let's dive into the latest trends and insights affecting the Santa Clarita Valley market as of today, Saturday, July 27th, 2024.

🏠 Current Market Overview

• Total Active Units: 481
• Market Areas: All Santa Clarita Valley cities

We've noticed an increase in price changes recently, indicating that many sellers initially set their prices too high for the current market conditions.

💡 Price Adjustments and Seller Insights

Sellers, if your home hasn’t received any offers within 12 to 15 days, it might be time to re-evaluate your pricing strategy. In competitive areas like Stevenson Ranch and Valencia, the window for receiving offers can be even shorter.

🏗️ New Housing Developments

Looking for new housing? Visit SantaClaritaOpenHouses.com for a comprehensive search tool.

Important Tip: If you want an agent to represent you, they must accompany you on your first visit to the property to ensure proper registration and representation. Be cautious of scanning QR codes at new housing sites without your agent, as this could prevent your chosen agent from representing you later on.

🔄 Industry Changes: Commission Transparency and Dual Agency

The real estate industry is seeing significant changes in commission structures and transparency. These changes aim to make the process clearer for both buyers and sellers.

Sellers, you now have the option to decide whether to pay a buyer's agent commission. This raises questions about dual agency, where one agent represents both the buyer and the seller. This practice is illegal in some states due to potential conflicts of interest. It’s vital to understand the implications and ensure both parties feel comfortable with their representation.

💼 Practical Advice for Buyers and Sellers

For Sellers:

• 📉 Reassess your pricing if your home hasn’t received offers within the expected timeframe.
• 🔍 Stay updated on new commission structures and how they may impact your sale.
• ⚖️ Consider the pros and cons of dual agency.

For Buyers:

• 🏡 Use resources like SantaClaritaOpenHouses.com to explore new housing options.
• 🕵️‍♂️ Ensure your agent is present during your initial

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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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