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Santa Clarita Real Estate Update
July, 2009 - Issue #57
Santa Clarita Properties Offered by The Suess Home Selling Team

Truly Unique NORTHBRIDGE
CUL-DE-SAC HOME

This property boasts an open floor plan on a huge 13,000-square-foot lot situated at the end of the cul-de-sac. You must see this "entertainer's dream backyard" complete with koi pond and covered patio. Popular family neighborhood features community pools, spas, clubhouse, tennis courts and paseos. #4088


CUL-DE-SAC HOME WITH Exquisite Upgrades
Beautiful upgrades, including Gleaming Brazilian Mesquite hardwood flooring, upgraded baseboards, custom paint, media niche, fireplace and custom window coverings. Open kitchen with tile counters, dramatic master bath with custom stone vanity and travertine flooring. Large private rear yard with patio cover. #4078


ONE-OF-A-KIND LIKE-NEW Custom Home
Open floor plan, tile flooring, gourmet kitchen, stainless steel appliances, granite counters, tons of storage, custom cabinetry, stacked stone fireplace, new fixtures. Incredible curb appeal with stamped driveway, new garage door, huge trees, stone accents and lighted walkways. Covered patio, fire pit and built-in bbq. #3038

For current pricing and information on these homes, make note of list number at end of description and call 800-757-8019 for a pre-recorded message or visit www.suesssellshomes.com.

Santa Clarita Real Estate Update
Current average sale price: $378,336.
The average sales price is down approximately 23 percent from the same time last year.

Current average days on market: 62.
Homes that have sold, on average, have been on the market 19 days less, or are selling 23 percent faster than this time last year.

Note: The SCV real estate market is showing the end of price declines in most price ranges. There are more sales in 2009 than at this time last year and homes are selling faster.

More Good News to Stimulate Home Sales
by Scott Thompson
It was recently announced that the Federal Housing Authority is allowing a first-time home buyer to use the $8,000 tax credit to help with the down payment to purchase a home. FHA loans have recently been the loan of choice, especially with first-time home buyers. This is because of historically-low interest rates; a borrower can put down as little as 3.5 percent to purchase a home. Now that the $8,000 tax credit can also be used as a down payment with the FHA financing, it makes purchasing a home even more appealing and economically feasible for some.

There are some basic requirements that must be met to be eligible for the $8,000 tax credit. The tax credit is for up to 10 percent of the purchase price up to a maximum of $8,000. One of the requirements is that the buyer must not have owned a home in the past three years. There are also income restrictions for individuals and couples. For more information you can visit www.hud.gov.

Scott Thompson is a Real Estate Broker and owner of Regal Realty of California 295-8715 www.regalrealtyca.com.
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