Seeing only 99 homes, condos and town-homes for sale in Valencia California, one would think we'd have more by now. This started post election where the inventory was continuing to tighten within the City of Valencia Califorina. For those of you who are not sure where Valencia CA is, it's the home of Six Flags Magic Mountain and it is just north of the 5 and 14 freeways in Southern California. And Valencia is located within the county of Los Angeles.
During the past several months we have watched the real estate inventory swell and thin - however, the lowest real estate numbers for Valencia CA were posted back in January of 2017 - that was a 4 Year Low with only 255 total listings entering the Valencia CA real estate market during that month.
At the 4 year height in Valencia CA real estate July 2014 takes the prize at 431 listings entering the housing market as being for sale in Valencia CA.
A home sellers market persists and there is still a high buyer drive for homes in Valencia. The sticking point and what is keeping the Valencia CA market from breaking loose are the interest rates. They are still at all time low levels, but not according to the current home owners who have refinanced to 3.5% or less. It's them who have not reached critical mass when it comes to selling to move, up down or out of the area. searching systems