Home Prices On The Rise In The New Year

Strong showings in price for both single family homes and condos in the Santa Clarita Valley.

The new year always raises questions as to what’s going to happen. Of course, the main question we usually get is “What’s going to happen to the real estate market this year?”

Good question!

With the economy continuing to improve, the Federal Reserve has begun to raise base rates that banks use to borrow money, which in many cases, translates to consumers and home buyers. Yes, rates have gone up, but they’re still way below 5 percent (As of the date of this article). It doesn’t seem to be affecting too many buyers, as home sales are still swift here in the SCV.

Santa Clarita Single Family Home Prices

Home prices have held steady through 2016, and January’s median price rose over December to $560,000; a $30,000 rise in equity from January of last year.

Santa Clarita Condos

Good news on the real estate front for SCV condo owners as well, as they took a $20K jump in equity between December 2016 and January 2017, with a total rise in median price of nearly $55,000 since January of last year.

Is it time to sell your home?

I am a licensed, full time, professional real estate agent who lives in and serves the needs of home buyers and sellers in the Santa Clarita Valley. Contact me for a no obligation consultation.

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