Single Family Homes In Santa Clarita Inching Toward $600K

Median price of Santa Clarita Valley homes highest in over 9 years.

Good news for Santa Clarita Valley homeowners! The median price of a single family residence in the SCV rose to $575,000 in June, according to Rents are rising in Santa Claritainformation recently released by the Southland Regional Association of Realtors (SRAR).

This is a $25,000 jump in equity over the previous month. The last time we saw single family homes hover in the $570K range was in July of 2007.

What’s keeping prices so low?

Mortgage rates have continued to remain steady, remaining in the low 3% range for a fixed rate 30 year mortgage. The Federal Reserve made the decision to hold off on any more base increases, which is being reflected in the low cost of home mortgages. 

The number of homes available for sale still remains low in the SCV as well, hovering in the mid 500’s for total number of open listings in the communities of Valencia, Stevenson Ranch, Newhall, Saugus, Canyon Country, Castaic, Acton and Agua Dulce.

What about the price of condominiums?

SRAR shows the median price of condos in the SCV holding at $340,ooo during the month of June. While prices dropped around 9K from May, they’re still up nearly $35,000 since the beginning of this year.

What’s YOUR home worth?

If you’re considering selling your home, the first thing to do is to ask me to provide you with a no obligation Comparative Market Analysis of your property. This free service gives you the data you need to help guide you to the proper strategy to price your home to sell fast, and for top dollar.

Contact me today to find out how I can help you reach all of your real estate goals.

 

 

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