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Santa Clarita Property Prices Down, But April Might Be The Best Possible Time To Sell

Homes for sale in Santa Clarita have gone down in value by 5.8% compared to prices in 2022. With a median price of $730K and 41 days on the market, the number of homes sold effectively decreased by over 28% according to a Redfin report. The good news is historical data indicates that the third week of April is the best time to sell a home. Realtors know that spring is the hottest time for the market because relocating families know when they start to sell or buy a new home. Furthermore, most houses go on the market this season with an extra 120,000 units from April-May in 2022 added to the inventory.

Early Home Shoppers Win

According to the Chief Economist of Realtor, many home shoppers do their search in the early spring and as such, sellers who list their property earlier will also receive buyer attention offloading their home quicker and for a higher price.  However, putting up a home for sale also requires early preparation to make it an attractive investment to potential buyers.

In this regard, it is vital that you stage your property well to entice home shoppers to ask for a viewing. One of the most important things to do is to clean a home so that it is ready for inspection. Whether you are doing the job yourself or hiring professional housekeeping Santa Cruz and Santa Clarita county cleaners will ensure that your property is up to standards. If a maintenance plan is in place, the house is in a good condition since gutters, roofs, plumbing, and electrical systems are routinely inspected. Gardens and landscapes are maintained as well enhancing a property’s curb appeal in addition to taking care of pathways, sidings, driveways, and windows. Indoors, deep cleaning is essential especially in the kitchen and bathrooms or high traffic areas such as corridors and hallways.  The point is it is easier to sell a decluttered and clean home than one which is grubby and disorganized.

Statistics Provide the Cues

Based on figures in 2018-2019 and 2021-2022, houses sold for 2.1% more between April 16-22 and over 12% higher than at the beginning of the year. Provided that this year will follow those trends, the national median listing price could increase above the average week price according to Realtor. Moreover, the favorable week has 16.4% more viewings per listing than the average week, Plus, properties have sold 18% faster. Inventory has also improved and is growing even though it has not yet returned to pre-pandemic levels.

Sales of homes and condos in Santa Clarita fell probably due to the rising interest rates while listings surged indicating that there are more choices for homebuyers. Although property prices have slightly decreased and inventory stayed longer in the market, it is still possible to get a good price for your home and sell it faster in spring.

Santa Clarita Property Prices Down, But April Might Be The Best Possible Time To Sell

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