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October 16
1853 - Sarah Gifford, community leader and wife of Newhall's first railroad station agent, born in England [story]


homepriceshomesalesSanta Clarita Valley home prices continued their upward march in November, hitting pre-recessionary levels.

The typical previously owned SCV house changed hands for $445,000 in November, the second highest mark since the recession started in late 2008 and off just a tad from the $450,000 figure that was seen in August. That’s an improvement of 23.6 percent over November 2012’s median price of $360,000.

Meanwhile the typical SCV condominium traded for $295,000 in November – a price not seen since the pre-recession month of May 2008 when it cost an average of $305,000 to get into a pre-owned condo.

The November 2013 condo price represents a 5.4-percent improvement over the month and a whopping 49.7 percent increase over November 2012’s median of $197,000.

“The desirability of the community and the early effects of new home construction are giving sales a boost even at a time of year when activity typically wanes,” said Jim Link, CEO of the Southland Regional Association of Realtors.

The higher prices benefit sellers who are upside-down on their mortgages, said Bob Khalsa, president of the association’s SCV Division.

“With each price increase, more and more owners return to positive equity,” he said.

Link cautioned that the rapid price increases could be unsustainable.

“The same pressures that impact the rest of California are in play in the Santa Clarita Valley, so activity may yet level off in the coming months,” he said.

For now, more potential home sellers need to be enticed to enter the market. Only 531 homes and condos were listed for sale at month’s end on the association’s Multiple Listing Service. That’s a big improvement over last year’s paltry 332 listings, but it’s still only a 2-month supply of homes for sale. A 6-month supply is considered indicative of a healthy market.

A total of 171 single-family homes closed escrow in November, up 2.4 percent on the year, and 96 condos changed hands, up 23.1 percent. Both figures were down slightly from October 2013, which is normal for the season.

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Bank Santa Clarita17.50  chart +0.00%
Biosolar Inc Com Usd0.0001(post0.039309  chart -12.26%
Sierra Bancorp27.63  chart +2.11%
Cu Bancorp (ca)37.55  chart +0.13%
Flex Ltd. - Ordinary Shares17.61  chart +0.51%
Mission Vly Bcp Ca14.15  chart +0.28%
Quest Diagnostics Incorporated91.53  chart +0.52%
Tejon Ranch Co19.52  chart +3.01%
Us Energy Initiative0.0007  chart -12.50%
Wesco Aircraft Holdings, Inc.9.45  chart -0.53%

Apple Inc.159.88  chart +1.84%
At&t Inc.36.17  chart +1.32%
Autonation, Inc.44.15  chart +0.34%
Best Buy Co., Inc.54.91  chart -0.34%
Big Lots, Inc.51.36  chart -0.16%
Barnes & Noble, Inc.7.30  chart +0.69%
Brady Corporation38.55  chart -0.13%
Boston Scientific Corporation29.16  chart -0.95%
Brookfield Asset Management Inc42.63  chart +0.24%
Cbre Group Inc Class A39.52  chart -0.18%
Carnival Corporation68.24  chart +0.44%
Comcast Corporation36.61  chart +1.67%
Costco Wholesale Corporation158.81  chart -0.65%
Curtiss-wright Corporation113.60  chart +0.34%
Cvs Health Corporation72.44  chart -0.22%
Cemex, S.a.b. De C.v. Sponsored7.81  chart -2.62%
D.r. Horton, Inc.41.37  chart +0.07%
Walt Disney Company (the)98.13  chart +0.77%
Edison International77.64  chart -0.45%
Hyatt Hotels Corporation Class 61.49  chart +0.11%
Home Depot, Inc. (the)164.22  chart -0.15%
Kb Home27.16  chart +1.00%
Kroger Company (the)20.44  chart -4.04%
Lennar Corporation Class A55.86  chart -0.29%
Laboratory Corporation Of Ameri149.67  chart +0.05%
Lowe's Companies, Inc.81.20  chart -1.37%
Mannkind Corporation5.42  chart +2.65%
Marriott International114.75  chart -0.31%
Mcdonald's Corporation165.01  chart -0.22%
Mitsubishi Ufj Financial Group,6.58  chart +1.54%
Netflix, Inc.202.68  chart +1.60%
Office Depot, Inc.3.78  chart -0.79%
Rite Aid Corporation1.86  chart +6.90%
Rexford Industrial Realty, Inc.30.36  chart +0.16%
Regal Entertainment Group Class16.21  chart +0.19%
Ross Stores, Inc.62.91  chart -0.33%
Republic Services, Inc.62.76  chart -0.90%
Starbucks Corporation54.91  chart -1.45%
Smart & Final Stores, Inc.6.65  chart -7.64%
Sears Holdings Corporation5.99  chart -11.52%
Six Flags Entertainment Corpora61.51  chart -0.74%
Sonova N173.50  chart -0.74%
Staples, Inc.10.25  chart +0.10%
Sunpower Corporation6.74  chart -3.16%
Target Corporation60.15  chart -1.15%
Time Warner Cable Inc209.56  chart -0.21%
Ulta Beauty, Inc.193.70  chart -2.46%
Walgreens Boots Alliance, Inc.67.31  chart -0.37%
Waste Connections, Inc.69.51  chart +0.03%
Whole Foods Market, Inc.41.99  chart -100.00%
Waste Management, Inc.76.69  chart -0.43%
Wal-mart Stores, Inc.85.74  chart -1.02%
Woodward, Inc.80.21  chart -0.34%
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