[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Partly sunny
Partly sunny
69°F
 
Calendar
Today in
S.C.V. History
September 22
1969 - College of the Canyons opens with first class of students in temporary quarters at Hart High School [story]


Realtors helped close escrow on 123 single-family home sales throughout the Santa Clarita Valley during January.

That total was up 8.8 percent over a year ago, though down 37.9 percent, which follows typical seasonal patterns.

It was the highest tally for the month of January since 2014 though well below the peak since the economic recovery began of 265 sales posted in June. The 123 sales also were 69.6 percent below the record high of 405 sales set June 2005.

A total of 69 condominiums changed owners during January, up 25.5 percent over a year ago, but down 17.9 percent from December. The high point since the Great Recession came in June with 127 closed escrows. January’s 69 sales were 66.2 percent below the record high of 204 sales in April 2003.

The median price of the homes sold during January was $560,000, up 5.7 percent from a year ago and 0.9 percent ahead of December. June’s median price of $575,000 was the highest median 10 years, though it was 12.9 percent below the record high of $643,000 established in April 2006.

The condo median price for January was $360,000, up 17.5 percent from January 2016 and 5.9 percent of December. September’s condo median of $372,000 was the high point so far in the recovery. This January’s median was 9.3 percent below the record high of $397,000 set in January 2006.

A total of 433 open escrows were on the MLS at the end of January, down 10.7 percent from a year ago. At the current pace of sales, that represents a 2.3-month supply compared to the 2.9-month inventory of January 2016. The annual average inventory peaked at an 11.2-month supply in 2007, then gradually fell as recovery took hold until bottoming out with an annual average of an 1.7-month supply in 2013. Since then the inventory hovered around a 2.5-month supply for 2014 and 2015 and in 2016 fell to an average 2.0-month inventory, which appears to be the new normal.

Distressed sales? What are those? There were zero condo-distressed sales and only two single-family home short sales along with one REO. Combined, distressed sales accounted for a mere 1.5 percent of the 192 total transactions.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOCAL BUSINESS LINKS
LOCAL BUSINESS HEADLINES
FINANCIALS OF LOCAL INTEREST
MARKETS & METALS
STOCKS OF LOCAL INTEREST
Bank Santa Clarita17.25  chart -1.15%
Biosolar Inc Com Usd0.0001(post0.0427  chart +13.26%
Sierra Bancorp25.76  chart -0.39%
Cu Bancorp (ca)37.55  chart +0.13%
Flex Ltd. - Ordinary Shares16.66  chart -0.54%
Mission Vly Bcp Ca14.15  chart +0.00%
Quest Diagnostics Incorporated102.11  chart +0.55%
Tejon Ranch Co21.21  chart -1.03%
Us Energy Initiative0.0007  chart -12.50%
Wesco Aircraft Holdings, Inc.9.35  chart +1.63%

Apple Inc.151.89  chart -0.98%
At&t Inc.38.59  chart +0.97%
Autonation, Inc.47.36  chart +0.89%
Best Buy Co., Inc.53.90  chart -0.09%
Big Lots, Inc.49.51  chart +0.43%
Barnes & Noble, Inc.7.25  chart +3.57%
Brady Corporation36.80  chart +0.96%
Boston Scientific Corporation28.85  chart +0.31%
Brookfield Asset Management Inc40.64  chart -0.17%
Cbre Group Inc Class A37.18  chart -0.03%
Carnival Corporation64.33  chart -0.19%
Comcast Corporation38.10  chart +1.68%
Costco Wholesale Corporation161.29  chart -0.12%
Curtiss-wright Corporation104.34  chart +0.61%
Cvs Health Corporation79.63  chart +0.09%
Cemex, S.a.b. De C.v. Sponsored9.35  chart +0.11%
D.r. Horton, Inc.36.90  chart +0.11%
Walt Disney Company (the)98.60  chart -0.29%
Edison International78.28  chart -0.48%
Hyatt Hotels Corporation Class 61.29  chart +0.15%
Home Depot, Inc. (the)159.97  chart +0.49%
Kb Home20.88  chart +0.48%
Kroger Company (the)20.15  chart -0.35%
Lennar Corporation Class A50.28  chart -0.42%
Laboratory Corporation Of Ameri155.07  chart +0.77%
Lowe's Companies, Inc.78.23  chart +0.24%
Mannkind Corporation1.98  chart +2.06%
Marriott International107.88  chart +0.29%
Mcdonald's Corporation158.91  chart -0.08%
Mitsubishi Ufj Financial Group,6.48  chart +0.62%
Netflix, Inc.187.35  chart -0.76%
Office Depot, Inc.4.37  chart +1.86%
Rite Aid Corporation2.39  chart -1.24%
Rexford Industrial Realty, Inc.29.51  chart -1.57%
Regal Entertainment Group Class16.61  chart +2.22%
Ross Stores, Inc.60.89  chart -0.03%
Republic Services, Inc.66.26  chart +0.17%
Starbucks Corporation55.09  chart +0.15%
Smart & Final Stores, Inc.7.30  chart +2.10%
Sears Holdings Corporation7.11  chart +0.85%
Six Flags Entertainment Corpora58.96  chart +1.97%
Sonova N164.00  chart -0.30%
Staples, Inc.10.25  chart +0.10%
Sunpower Corporation7.64  chart +3.66%
Target Corporation58.99  chart +1.13%
Time Warner Cable Inc209.56  chart -0.21%
Ulta Beauty, Inc.219.17  chart -0.26%
Walgreens Boots Alliance, Inc.78.41  chart +0.27%
Waste Connections, Inc.69.86  chart -0.20%
Whole Foods Market, Inc.41.99  chart +0.00%
Waste Management, Inc.78.20  chart -0.10%
Wal-mart Stores, Inc.79.53  chart -0.60%
Woodward, Inc.75.95  chart +1.56%
CURRENCY CONVERTER

Latest Additions to SCVNews.com
The intersection of Soledad Canyon Road and Bouquet Canyon Road will be under construction from 7 p.m. to 5 a.m. on Friday night, September 29 and Saturday morning, September 30.
Sept. 29-30: Soledad and Bouquet Canyon Repaving
College of the Canyons launched its First-Year Promise program this fall, and to ensure the future of the FYP program, which offers full-time freshman students waived tuition and fees during their first year of study, the COC Foundation has committed to fundraising $500,000 over the next two years.
COC Foundation Launches ‘First-Year Promise’ Fundraising Campaign
Road rehab on major arterial roads and intersections in the city of Santa Clarita continues into October.
Santa Clarita Road Rehab Drives into October
The Santa Clarita Valley has five major industry clusters and the SCV Economic Development Corporation targets its economic development efforts to support and expand them.
Five Growing Industry Clusters in the Santa Clarita Valley
Gatorade made misleading “anti-water statements” while pushing the benefits of its sports drinks in a video game marketed to teenagers, according to a settlement announced Thursday by California’s attorney general.
California Fines Gatorade $300K for ‘Anti-Water’ Ad Campaign
John Gasparyan, an off-duty Los Angeles Police Department officer and Canyon Country resident, died when his motorcycle crashed in Porter Ranch around 6:50 p.m. Thursday.
LAPD Officer from Canyon Country Dead in Motorcycle Crash
A former Los Angeles County probation officer was sentenced after pleading guilty to inappropriately touching two girls at a youth camp, the county District Attorney’s Office has announced.
Ex-Probation Officer Gets 364 Days for Sexual Assault
1969 - College of the Canyons opens with first class of students in temporary quarters at Hart High School [story]
The most prestigious recognition for government assessment agencies has been awarded to the Office of the Assessor in Los Angeles County.
County Awarded Prestigious Government Assessment Award
The Dodgers, who have clinched a postseason berth for the fifth consecutive year, return home tomorrow to open their final homestand of the regular season against the San Francisco Giants (Sept. 22-24) and San Diego Padres (Sept. 25-27).
Dodgers Back Home Friday; Last Homestand of 2017 Season
Auditions for the the upcoming Canyon Theater Guild's production of A Christmas Story are just around the corner.
Sept. 30-Oct. 1: Christmas Story Auditions at CTG
Now that the formerly great state of California is a sanctuary, I’ve got to compare that action with the actions in the early 1860s of the Confederate States of America. They decided what laws they wanted to follow and what ones they didn’t.
No Home for Me | Commentary by Darryl Manzer
Santa Clarita Valley residents have known the family-owned Italian restaurant, Sisley Kitchen, since 1993 when their doors first opened at the top of Valencia Town Center Drive in Westfield Valencia.
Renovations Complete at Sisley Kitchen
The Women's Soccer team will be finishing up their non-conference matches this weekend.
Sept. 22-24: CSUN Athletics Roundup
David Wolfram will demonstrate pastel-over-watercolor painting at the Santa Clarita Artists Association (SCAA) meeting on Monday evening, Nov. 20 at 6:30 pm. This event is free, open to the public and meets at Barnes & Noble, 23630 Valencia Blvd.
Nov. 20: Pastel-Over-Watercolor Demonstration at SCAA Meeting
Beginning October 1, all 23 California State University (CSU) campuses will accept applications for admission to the fall 2018 term.
Oct. 1: CSU Accepting Fall 2018 Applications
College of the Canyons launched its First-Year Promise (FYP) program this fall, and to ensure the future of the FYP program, which offers full-time freshman students waived tuition and fees during their first year of study, the COC Foundation has committed to fundraising $500,000 over the next two years
COC First-Year Promise Fundraising Campaign Underway
The city of Santa Clarita is inviting our younger residents to take part in the 30th anniversary celebration.
City Launches, “30 Things for 30 Years” Contest, Students Invited to Take Part
California State University, Northridge’s Friends of the Oviatt Library welcomes members of the community to nominate their favorite stories about the San Fernando Valley for consideration of the San Fernando Valley Award for Non-Fiction.
CSUN Library Group Invites Community to Nominate Favorite San Fernando Valley Story
The Los Angeles Dodgers today announced sellouts for all seven potential postseason home games in the Division Series and League Championship Series just hours after tickets went on sale to the public at 10:00 a.m. It’s believed to be the quickest that the club has sold out of postseason tickets in Dodger Stadium history.
Dodgers NLDS, NLCS Tickets Already Sold Out
Sales of existing single-family homes increased 7.4 percent throughout Santa Clarita during August while the median price of homes that changed owners rose 6.6 percent, the Southland Regional Association of REALTORS® reported today.
Increase in SCV August Home Sales, Prices
Mountainview Elementary School parents were greeted with a voicemail Thursday morning informing them of a break-in on campus believed to have occurred the night before.
Vandals Trash Library, Computers, Classrooms at Mountainview
Hans' family did not know too much about his childhood or the country he had grown up in. About all the family knew was that Hans and his wife were born in Germany but had lived in this small Minnesota town for the last 60 years or more.
Lesson from History | Commentary by John Windsor
A gang sweep targeting Newhall 13, a well known Santa Clarita criminal organization, netted three arrests Thursday.
Three Arrests Made in Newhall 13 Gang Sweep
The Los Angeles County Sheriff's Department is proud to announce the launch of our new LASD Facebook Español.
LASD Facebook Español Now Online
Autumn Gratitude, Santa Clarita Artists Association's new show will be open on Sept 28th and run to November 4th, with a free artists’ reception on Friday October 6th, 5 to 9 pm.
SCAA’s Newest Show, “Autumn Gratitude,” Opens
September is for seniors. Businesses around Santa Clarita are taking part in the following SCV Senior Center New Building Campaign events and asking the community to show support.
SCV Businesses Holding End-of-Month Events to Support New Senior Center
Kaiser Permanente Panorama City Medical Center will kick-off its no-cost flu shot clinics this Saturday, September 23, 2017 in the Atrium of Medical Offices 2 from 9 a.m. to 2 p.m.
Kaiser Permanente to Hold Flu Shot Clinics Saturday
Starting September 23, Santa Clarita residents can get a flu shot at no cost — no appointment needed.
Sept. 23: SCV Flu Shots
The College of the Canyons Athletics department is inviting all staff and students associated with a Santa Clarita Valley school district or campus to attend Saturday's Cougar football game free of charge.
Sept. 23: COC Football Game Free to SCV School District Staff, Students
There is a common insect that most people are not aware of because you never see it. It is mostly active underground. However, if you know what you are looking for, its traps are in many places and are very obvious.
You Won’t See Them | Commentary by Evelyne Vandersande
1974 - COC's new Cougar Stadium opens for first game of football season; Harbor beats COC, 26-21 [story]
A “fabulist” coming-of-age novel about a queer mixed-race boy in the bayous of Louisiana, written by California State University, Northridge English professor Martin Pousson, has won the 2017 PEN Center USA Fiction Award.
CSUN’s Martin Pousson Wins PEN’s Literary Award for Fiction
Public notification that the Santa Clarita Community College District (College of the Canyons) Early Childhood Education Center on the Valencia campus is participating in the USDA Child and Adult Care Food Program.
COC Valencia Participates in USDA Child and Adult Care Food Program
Public notification that the Santa Clarita Community College District (College of the Canyons) Early Childhood Education Centers are participating in the United States Department of Agriculture’s Child and Adult Care Food Program.
COC Canyon Country Participates in USDA Child and Adult Care Food Program