DIPPY’S DIGEST SANTA C L ARI TA VALLE Y | 2019 RE A L E S TAT E RE V I E W
THIS PUBLICATION IS DISTRIBUTED TO 72,000 ADDRESSES IN VALENCIA, SAUGUS, STEVENSON RANCH, CASTAIC, CANYON COUNTRY AND NEWHALL
DIPPY’S DIGEST
LIVING, LOVING, SELLING HOMES IN SCV FOR SALE BY DIPPY 15013LiveOakSpringsCanyonRd.com
15013 Live Oak Springs Canyon Road, Santa Clarita
28355InclineLn.com
28355 Incline Lane, Santa Clarita
22103Barrington.com
22103 Barrington Way, Santa Clarita
30511 Cannes Place, Castaic 39830CalleCascarron.com
39830 Calle Cascarron, Green Valley 22046BarringtonWay.com
22046 Barrington Way, Santa Clarita
30511CannesPl.com
17983LostCanyonRd113.com
17983 Lost Canyon Road #113, Santa Clarita 25142HighspringAve.com
25142 Highspring Ave, Newhall
28356CasselmanLn.com
28356 Casselman Lane, Santa Clarita
SEE WHY DIPPY’S CLIENTS LOVE HER During the months prior to my home sale, I had received many flyers from various real estate agents; but I was most impressed with Dippy Chhina’s mailer because it highlights her comprehensive approach toward getting homes sold. It shows that she’s willing and able to go the extra mile to achieve success for her clients. When I first met with Dippy in person, I could clearly see that it wasn’t just “hype advertising”. She truly knows how to present a home in its best light, and to the widest audience, in order to get it sold in a timely manner. As a first time home seller, I was pretty nervous about the whole process ahead of me and wasn’t sure what to expect. But after hearing Dippy’s plan for selling my home, I began to feel confident that she knew exactly how to handle every detail of what needed to be done in my particular situation. What a relief that was! Throughout the entire experience, Dippy and her team were thoughtful, upbeat, and highly proficient. I’m so grateful to her, for putting my mind at ease during what is often a very stressful life event. I highly recommend Dippy Chhina to anyone thinking about selling their home... especially if it’s your first time: She is the best! No worries necessary. - Marita
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I S S U E N U M B E R 11
S E N T W I T H L O V E & G R AT I T U D E
HEY THERE, Hope you have had a wonderful first half of the year. SCV was breathtakingly beautiful at the start of this year! The green mountains made me fall in love with SCV all over again, I hope you enjoyed seeing them as much as I did! This last year has been pretty exciting for my family. We moved into a new house and did some (a lot) of renovations. The boys are loving their new digs! They are both busy learning to swim, Veer is excited he can read now and Viraj is trying to learn how to pedal his tricycle! My family and I are forever grateful for the continued love and support. The referrals and recommendations are the greatest compliments I could ever ask for! It’s because of you I get to do what I love every day and help families get to where they want to be.
W H AT A B O U T M Y N A M E ? So where does “Dippy” come from? I am asked this question every time I meet someone new! Dippy is actually spelled Deepi and means the wish you make when you light a candle. Now Lovdeep is my legal name, and means an ocean of wishes. So how did I end up with Dippy, you are wondering?! Well, I have an older brother. He thought it would be funny to teach me how to spell my name when I was little, and it stuck. He even bought me a private license plate with “Dippy” on it when I was 18. On my 21st birthday I asked my mom why she never spelled my name right. This is when it hit me; my mother was the person who gave me the name, and she would name me Deepi, but definitely not Dippy! That is when my brother was exposed, but it was too late and the name has stuck! But it’s okay, I love it now! Thanks for the cool nickname bro!
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DIPPY’S DIGEST
TA B L E
OF CONTENTS P. 5 SCV Real Estate Today
P. 11 Will There Be Another Real Estate Crash?
P. 6 Buying New Construction
P. 12 What Dippy’s Clients Love About Her
P. 7 New Home Developments in SCV
P. 13 Has Your Home Been Dippified?
P. 8 Dippy’s Happy Buyers & Sellers
P. 14 2019 Real Estate Review
P. 10 Have Home Values Gone Down?
P. 15 How Is Your Neighborhood Doing?
LET’S GET SOCIAL!
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instagram.com/home_with_dippy
pinterest.com/dippyrealestate
facebook.com/dippyrealestate
twitter.com/dippyrealestate
youtube.com/dippyrealestate
linkedin.com/in/dippyrealestate
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I S S U E N U M B E R 11
S A N TA C L A R I TA VA L L E Y R E A L E S TAT E T O D AY
2019 has seen a shift in the Real Estate Market, after 6 years of appreciation, this year we saw home values go down and then bounce back. Home values have stabilized and on average are selling 0.4% below last year, there are however 4% fewer homes selling this year than last year. In the last Dippy’s Digest of 2018 we saw that number of homes sold was down by 11% and there were 7% more homes on the market. More homes for sale and less homes selling does put downward pressure on prices. In March 2019, the average home price was -3.6% in comparison to last year. Interest rates had increased touching the 5% mark for certain buyers, which is why the prices came down. Although 2019 began with a rocky start, we have seen the market stabilize. Buyers have been enticed back into the market as interest rates have come down and sellers are adjusting their expectations. Really what we are seeing is a more normalized market which is healthier in the long term. For further evaluation please look to pages 10-11, 14-15.
SCV MARKET SNAPSHOT
Home Values are Stable
Fewer Homes Selling
-0.4%
-4%
Information from CRMLS/CrisNet
There are more homes on the market +10%
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DIPPY’S DIGEST
B U Y I N G A B R A N D N E W H O M E I S S O E X C I T I N G ! 5 T H I N G S T H AT Y O U S H O U L D D O W H E N PURCHASING A NEW HOME:
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You can negotiate with a builder; believing their prices are fixed is one of the biggest misconceptions out there. Builders often have incentives
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Check what is actually included in the sale of the home. Many items in model homes are optional upgrades. Check the cost of these and know
3
Review the contract and fine print very well. Home builders usually have their own paperwork written by their lawyers. Everything that the
and will cover costs that they do not always let buyers know of.
they are added on top of your original sale price.
builder agrees to should be put in writing. Having your own Realtor® representation makes a huge difference. You have to let the Builder know you are working with a Realtor® on your first visit, otherwise the Realtor® can't help you.
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Get the home inspected. The city usually does not come and inspect every single new home. It is best to get a home inspector to check over
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See what other developments and amenities are planned around your home, what the timeline is and if they are guaranteed to be built.
the home to make sure it is safe for you and your family.
The sales representative at the model home works for and is being paid by the builder. It doesn’t cost you anything to have an independent Realtor® represent you when purchasing new construction or resale homes. In fact, it could save you money. Feel free to call me for any advice on new home construction in the area.
Our home-buying experience with Dippy was extremely positive. She was extremely knowledgeable of the area and it was evident that she did her homework. It is also very evident that Dippy loves her job and is very passionate about finding the perfect home for each of her clients. It is very rare in our opinion to find someone who actually cares about her clients the way dippy does.
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- Rob & Sara Shaw
I S S U E N U M B E R 11
N E W H O M E D E V E L O P M E N T S B E I N G B U I LT IN AND AROUND SCV 1
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Vista Canyon - Lost Canyon Rd, between Fair Oaks and Sand Canyon • Approved in 2011 • 1,100 units and 950,000 square feet of commercial space (office, retail, hotel, theater), structural parking • Open space, public parks, trails • New metrolink and bus transit stations • Vista Canyon bridge, Lost Canyon Road River Village Area D - Newhall Ranch Rd, east Bouquet Canyon • Approved in 2005 • Architecture for Area D approved by planning commission in August 2018 • 184 multi-family units on 32 acres • Craftsman, Montery, Cottage and Farmhouse architecture Five Knolls/Galloway Senior - Five Knolls Drive and Golden Valley Rd • Approved in 2015 • YMCA and Senior Center • 140 age-restricted units • Senior center and residential units under construction • Estimated Completion: 2019/2020 Aliento - Golden Valley Road/ Via Princessa • Approved in 2002 • 400 single-family residential units, 95 age-qualified single family residential units • Two Recreation Centers, One Trailhead Park, 900 acres of Open Space • Estimated Completion July 2019
CASTAIC
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Newhall Crossing - Lyons Ave and Main Street • Approved in 2016 • Mixed-Use: 20,000 square feet of retail space and 47 residential units • Subterranean parking • Public Plaza Space • Estimated Completion 2019 Sand Canyon Plaza - Sand Canyon Road and Soledad Canyon Road • Approved in 2017 • 580 residential units • Assisted Living Facility • 140,000 square-foot commercial center • Grading is in plan check • Anticipated start at end of 2019 Development in Unincorporated Los Angeles County
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Newhall Ranch - West of Interstate 5 and south of State Route 126 • Under Construction • 20,000 residential units • 5 million square feet of commercial space • To be built out in 5 Villages • Landmark – under construction • Mission – under construction • Portrero Valley – pending • Homestead South – pending • Homestead North – not submitted • High Country Open Space – 4200 acres
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Projects Under Construction
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Valley Commerce Center - West of Interstate 5 and north of State Route 14 • 3.2 million square feet of Business Park space
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Needham Ranch West of State Route 14 and south of Newhall Ave • 132 acresof Business Park • 4.2 million square feet of Industrial Space Approved Projects
10 Spring Canyon - East of the city boundary and north of State Route 14 • 542 residential units
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Tick Canyon - Northeast of the City boundary and north of the Spring Canyon Project • 492 residential units
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Aidlin Hills - South of Pico Canyon Road and west of Stevenson Ranch Parkway • 102 residential units
13 Tesoro del Valle Phase 2 - North of existing Tesoro del Valle Phase 1 • 820 Residential units
14 Lyons Canyon Ranch - West of Interstate 5 and south of Sagecrest Dr • 185 residential units
SAUGUS
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CANYON COUNTRY
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VALENCIA
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STEVENSON RANCH
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12
NEWHALL
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Feel free to call me for information about buying new homes and future developments in the area.
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DIPPY’S DIGEST
JUST SOME OF THE
HAPPY FAMILIES DIPPY SERVED
20331 Rue Crevier #520
23843 Bennington Drive
23463 Abbey Glen Place
26936 Flo Lane #402
25543 Avenida Frasca
28763 Mauch St
28310 Lobelia Ln
27437 Laurel Glen Cir
24135 Del Monte Dr #212
26238 Larkhaven Pl
23455 Abbey Glen Place
24063 Avocado Lane*
29529 Blake Way
27213 Ellison Way
24595 Town Center Dr #3201*
25632 Magnolia Ln
19620 Alyssa Dr
28517 Lobelia Ln
25630 Lewis Way
20340 Dorothy St
23217 Faisan Ct
24327 Vista Hills Dr
23313 Sunnyvale Ct
23738 Aspen Meadow Ct
17017 Canvas St
26502 Oak Terrace Pl*
26745 Oak Crossing Rd #A
19734 Skyview Ct
28676 Lakecrest Ave
24365 La Glorita Cir #61
23719 Cameron Ct
26423 Misty Ridge Pl
26501 Tahoe Dr
25542 Sheffield Ln
19849 Collins Rd
*Represented Buyer
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I S S U E N U M B E R 11
30429 Alyssum Ln
24607 Garland Dr
26644 Oak Terrace Pl
28438 Marques Dr
28053 Tupelo Ridge Dr
29217 Las Terreno Ln
21751 Redwood Canyon Pl
28205 Matador Pl
27929 Tyler Ln #745
29266 Las Palmas Ct
17143 Princess Tree Ct
28308 Bonnie View Ave
23806 Via Campana
26591 Millhouse Dr
25446 Fitzgerald Ave
19838 Sandpiper Pl #65
28469 Redwood Canyon Pl
20544 Caitlin Ln
25921 Wordsworth Ln
23242 Via Calisero
25920 San Clemente Dr
24545 Town Center Dr #5208
28341 Connie Court
22021 Jodi Pl
27511 Bradenton Ct*
17930 River Circle #3
22469 Flatwater Ct
21226 Lone Star
30429 Olympic St
25569 Oak Savannah Ct*
26209 Beecher Lane*
28427 Connick Place*
27480 Acacia Dr*
26504 Valley Oak Lane*
23826 Bennington Dr
LIVING, LOVING, SELLING HOMES
IN THE SANTA CL ARITA VALLEY! 9
DIPPY’S DIGEST
HAVE HOME
VA L U E S G O N E D O W N ? Yes, ever so slightly. Home values are currently 0.4% below last year, they have actually come back from going -3.6% below last year earlier in the year. We have seen both upward and downward movement in real estate values, shifting from a seller’s market to more of a normal market. The first quarter of last year (2018) saw a buying frenzy with home values increasing and homes flying off the shelves. There was a definite shift in April 2018. Previously, I was getting 8-14 offers on listings, with minimal repair requests and little give from sellers, I started to see 2-4 offers coming in on listings with credits being requested from buyers. By July there was a definite shift and buyers were holding off on writing offers. If homes went into escrow the buyers were requesting more repairs and had much more power in the transaction than they have had over the last few years. We saw 2018 end 12% down on number of homes sold. The start to 2019 was the worst in Real Estate since 2008. This could be attributed to external factors such as the Government Shutdown, a lot of rain which we are not accustomed to in SCV, potential trade wars and a lot more homes on the market so more competition. Home values are fluctuating, and a huge factor is affordability. As home values kept increasing year over year, buyers were still motivated because they benefitted from record low interest rates. When interest rates started edging up midway last year, buyers just stepped away from the market. We have seen interest rates come down again, and buyers come back into the market. There has been a pick-up in sales in the 2nd quarter of 2019. Average price is on par with where we were last year, and homes sold is only 4% behind last year. As to whether this trend continues it will depend on market forces, and if interest rates are kept low. I do not believe we are in for a real estate crash, but our market is very sensitive to market forces.
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Information from CRMLS/CrisNet
I S S U E N U M B E R 11
WILL THERE BE
A N O T H E R R E A L E S TAT E C R A S H ?
I get asked this question all the time. I do not believe we are going to see a repeat of 2008-2011. What I am seeing is that after 6 years of straight appreciation the market is adjusting. To really put it into perspective, check out the following statistics.
60% The average household has 60% equity in their home compared
60% 2019
to 36% in 2009. Even if home values go down 5% I do not believe it is not going to bring a big wave of foreclosures as home owners will still have a huge amount of Equity.
2019
Fewer people are defaulting on their mortgages, we are at 3%
36% 36% 2009 2009
3%
11.5%
2019 2019
2009 2009
today where as we were at 11.5% in 2009.
As net migration out of California has been increasing for the last 3 years a small market adjustment now may improve the overall health of the housing market in the long run.
Dippy is very well plugged into the community and well aware of what is going on in the real estate market. Her advice during all phases of our home sale journey was invaluable. Her knowledge, guidance, experience and advise helped us navigate the sale of our home from start to finish. She was easy to stay in touch with and was able to cater to our busy schedules. She performed well above our expectations in all categories.
Information from Marketwatch.com and Corelogic.com
- David Putnam
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DIPPY’S DIGEST
REAL ESTATE IS BRILLIANT
WHEN YOU WORK WITH DIPPY
“Dippy is one of the few agents we have met that are all-in on the benefit of staging a home. This was not only evident in our discussion but in the standard practice of including short term storage as part of her service. This was an additional critical factor in selecting her to sell our home. She knows how to market a home, negotiate with perspective buyers, and close the deal. We highly recommend her and her team.”
- Joe & Sandi
“I fully trusted her previous long-time sales records and unique marketing methods for this very particular area of Santa Clarita Valley, eventually brought me satisfactory selling prices in such a short period. Dippy had lots of associates to work together in every detailed aspects and positions such as staging, which was really nice and professional for sellers like me. Love to recommend her name to friends and hope to get another help from Dippy in the future, directly and indirectly.”
- Hwashik Bong
“Dippy got us through the entire selling process in a breeze. She was there every step of the way to handle all our needs. From staging the home, listing to selling. She provided us with a great experience.”
- Savi Singh
“Dippy is very knowledgeable and keyed-in to the local real estate market in Valencia.”
- Ron M.
“I want to thank Dippy and her team for working so hard for us. You all were professional and knowledgeable. It takes the stress out of selling your house when the team you hire do their job efficiently and effectively!! Thank you!!”
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- L. Miller
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HAS YOUR HOME BEEN “DIPPIFIED”?
GETTING YOUR HOME READY TO SELL! I have been selling homes for over 10 years in SCV and I have loved every second of it! Over the years I have consistently been complimented on how the homes I sell are presented so well. We are able to help generate huge interest resulting in multiple offers and quicker sales for our sellers. I think the credit goes to my wonderful sellers! We work together and using my easy systems they do an amazing job of getting their homes ready to go on the market. I’m sharing a few basic tips of what you should and shouldn’t do when selling your home: •
Clean, clean and clean. Even if your house is a brand-new mansion if it is dirty it will negatively affect buyers’ perceptions
•
Light and bright sells! Make sure all the light bulbs work and if they’re energy saving bulbs make sure they turn on bright straight away.
•
Be careful when upgrading home features to sell. You want to make sure there is a return for the amount of money you are going to spend. I work closely with my clients to ensure if they want to invest in fixing a home for sale, there is a return.
•
Staging is great when it is done right. It is a huge waste of money and can actually put buyers off if it isn’t done the right way. I give very specific instructions to the stagers I work with on what each room requires so that every dollar is well spent.
There is so much advice being given about what needs to be done to sell a home that it can be confusing. I believe, as in all areas of life, be careful who you are listening to. I see too many cases where sellers are asked to do things that either don’t add value, have no return, or in the worst case put buyers off of purchasing a home. Feel free to reach out to me if you are confused about how to start and I will customize a plan specifically for you and your family’s needs.
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DIPPY’S DIGEST
2019
2019 AVG SALES PRICE 000’s 2018 AVG SALES PRICE 000’s % CHANGE 2019 VS 2018 NO. OF SALES 2019 NO. OF SALES 2018 % CHANGE 2019 VS 2018 2019 AVG DAYS ON MARKET* % DISTRESSED SOLD** 2019 AVG LIST PRICE % OF LIST PRICE HOMES ACTUALLY SOLD FOR
SOLD IN 2019 BY HOME TYPE SINGLE FAMILY HOME CONDO / TOWNHOUSE
FINANCING USED TO PURCHASE CASH CONVENTIONAL LOAN FHA & VA LOAN
CURRENTLY ON THE MARKET 6.6.19 ACTIVE LISTINGS % CHANGE IN LISTINGS TY/LY % DISTRESSED ON MARKET** IN ESCROW*** MONTHS OF INVENTORY****
Information taken on 6/6/19 from CRMLS/CrisNet * Average days on market refers to the number of days it took for a house to go into escrow. ** Distressed homes are either foreclosed on by the bank or are going through a short sale. *** In escrow means a seller has accepted a buyer’s offer and they have started the sales process. **** Months of inventory refers to the supply of homes. It is the number of months’ worth of homes on the market.
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SCV TOTAL
NEWHALL
CASTAIC
CANYON COUNTRY
STEVENSON RANCH
SAUGUS
VALENCIA
REAL ESTATE REVIEW
I S S U E N U M B E R 11
HOW IS YOUR
NEIGHBORHOOD DOING? MARKET UPDATE VALENCIA
2% Decrease
MARKET UPDATE SAUGUS
1% Increase
The average price of a home in Valencia is $579k and 418 have sold
The average price of a home in Saugus is $583k and 297 have sold
so far this year. Homes are selling for 2% less than they were this
so far this year. Homes are selling for 1% more than they were this
time last year and number of homes sold is down 3%. For homes
time last year and number of homes sold is down 6%. For homes
sold in 2019 it is taking approximately 43 days for them to sell and
sold in 2019 it is taking approximately 42 days for them to sell and
16% of homes were purchased all cash on average. Currently there
76% of homes sold were single family residences. Currently there
are 4% more homes on the market than this time last year. Valencia
are 24% more homes on the market than this time last year.
sold more homes than any other area in SCV so far this year.
MARKET UPDATE STEVENSON RANCH
4% Decrease
The average price of a home in Stevenson Ranch is $683k and 69
MARKET UPDATE CANYON COUNTRY
1% Increase
The average price of a home in Canyon Country is $515k and 379
have sold so far this year. Homes are selling for 4% less than they
have sold so far this year. Homes are selling for 1% more than they
were this time last year and number of homes sold is down 10%. For
were this time last year and number of homes sold is down 2%. For
homes sold in 2019 it is taking approximately 43 days for them to
homes sold in 2019 it is taking approximately 44 days for them to
sell and 4% of homes were foreclosure homes. Currently there are
sell and 28% used FHA or VA financing to purchase their home.
2% more homes on the market than this time last year. Stevenson
Currently there are 14% more homes on the market than this time
Ranch has the highest average price than any other area in SCV.
last year. Canyon Country has the lowest average price than any other area in SCV.
MARKET UPDATE CASTAIC
2% Decrease
MARKET UPDATE NEWHALL
7% Increase
The average price of a home in Castaic is $565k and 119 have sold
The average price of a home in Newhall is $521k and 147 have sold
so far this year. Homes are selling for 2% less than they were this
so far this year. Homes are selling for 7% more than they were this
time last year and number of homes sold is down 2%. For homes
time last year and number of homes sold is down 5%. For homes
sold in 2019 it is taking approximately 49 days for them to sell and
sold in 2019 it is taking approximately 44 days for them to sell and
30% used FHA or VA financing to purchase their home. Currently
more condos are selling than single family homes. There is little
there are 6% more homes on the market than this time last year.
change in number of homes for sale in Newhall compared to this time last year. 16% of homes sold in Newhall were purchased using all cash.
Information taken on 6/6/19 from CRMLS/CrisNet
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661.645.9291
D I P P Y C H H I N A Demail@dippyre.com IPPY CHHINA R E A LT O R ®
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D R E # 0 1 8 6 0 9 1 1
R E A LT O R ®
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dippyrealestate.com
25360 Magic Mtn Pkwy, #100 Valencia, CA 91355
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ARE YOU THINKING OF SELLING? C AL L D IPP Y F OR A CHAT ABO U T YOU R RE AL E S TATE NEEDS AND GOALS.
@dippyrealestate If your home is currently listed with another Broker, this is not intended as a solicitation. Information provided by seller or third-party sources. Information not verified or guaranteed. Copyright © 2019.