header image

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

Santa Clarita CA
Mostly cloudy
Mostly cloudy
Today in
S.C.V. History
September 23
1948 - Agua Dulce Women's Club organized [timeline]
Women's Club

The median resale prices of single-family homes and condominiums sold during April throughout the Santa Clarita Valley hit their highest levels since 2007, the Southland
Regional Association of Realtors reported Wednesday.

The home median price of $538,200 was up 7.6 percent over a year ago and 3.5 percent higher than this March. It was the highest median price since October 2007, yet was
16.3 percent below the record high of $643,000 set in April 2006.

“The home median had been hovering around $530,000, a number posted three times since last May, but a tightening inventory appears to have pushed it past that plateau
into new territory,” said M. Dean Vincent, president of the Santa Clarita Valley Division of the Southland Regional Association of Realtors. “We need more new homes to satisfy
burgeoning demand and to ease the upward pressure on resale prices.”

Similarly, the condominium median price of $348,000 was up 20.0 percent over 12 months ago and 5.5 percent higher than this March. It was the highest monthly median price posted since September 2007, yet came in 12.3 percent below the record high of $397,000 established in January 2006.

The lack of inventory appeared to play a leading role in the drop of 7.4 percent in singlefamily home sales compared to a year ago. Following seasonal patterns, home sales
were up 4.4 percent from this March.

Realtors helped close escrow on 118 condominium transactions last month. That was up 28.3 percent from April 2015 and 42.2 percent ahead of this March. It was the highest tally for the month of April since 2006, yet was 42.2 percent below the record high of 204 condo sales set in April 2003.

“Today’s buyers tend to need a more significant downpayment and need to be able to decide very quickly if they want to snag a home in this market,” said Jim Link, the
Association’s chief executive officer. “Quick sales are the norm, with properly-priced listings selling quickly, often with multiple bids.”

There were 507 active listings throughout the Santa Clarita Valley at the end of April.

That was down 17.3 percent from a year ago. At the current pace of sales, that represents a 1.5-month supply, down from the 1.9-month inventory of a year ago. The inventory has been sliding since May of last year after post monthly increases for all of 2014 and half of 2013.

The 385 open escrows — a measure of future sales — reported at the end of April were up 2.1 percent from a year ago.

There were relatively few distressed sales during April in the Santa Clarita Valley, the Association reported: a total of three single-family and one condominium foreclosure related REO sale, for a combined market share of 1.2 percent.

Short sales totaled 10 transactions, eight homes and two condominiums, capturing a 3.0 percent market share. Traditional residential sales of homes and condominiums accounted for 95.2 percent of the 330 homes and condos that changed owners last month.

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.

1 Comment

  1. Gonna skyrocket once trump wins.

Leave a Comment

Latest Additions to SCVNews.com
Officials from Henry Mayo Newhall Hospital are once again urging those eligible to get vaccinated, as the hospital is experiencing a marked influx of COVID-19 patients, hospital spokesman Patrick Moody said Thursday.
Thursday COVID-19 Roundup: Henry Mayo Hospital Admittance Up 50%; SCV Cases Total 35,477
A “significant amount of smoke” from the Windy and KNP Complex fires northeast of Bakersfield in the Sequoia National Forest have entered the Los Angeles area, according to a Thursday morning tweet from the U.S. National Weather Service Los Angeles.
Hazy SCV Skies from Sequoia Forest Fires
Spookiness is on its way to Main Street in Old Town Newhall.
Scarecrow Alley Coming to Old Town Newhall
The Chiquita Canyon Landfill Technical Advisory Committee met Wednesday afternoon to discuss updates at the Val Verde landfill.
Chiquita Canyon Landfill Health Report Nearing Final Process
Following a record-breaking event in 2020 – Soup for the Soul will once again be presented virtually in 2021.
Tickets Now on Sale for Bridge to Home’s 2021 Soup for the Soul Virtual Fundraiser
The city of Santa Clarita’s annual Evening of Remembrance event will occur on Wednesday, Sept. 29, beginning with a Walk of Remembrance at 6:15 p.m., followed by the program at 6:45 p.m.
Community Invited to Annual Evening of Remembrance
College of the Canyons is continuing its tradition of inviting community groups to experience Cougar football during the 2021 season, with all healthcare workers and first responders invited to attend Saturday’s game vs. Palomar College free of charge.
Cougars Football Continuing with Community Invite Tradition
The Santa Clarita chapter of the American Cancer Society is excited to announce its annual leading fundraiser of the year — Relay For Life - will take place on Saturday, Oct. 2, at the Westfield Town Center Mall, from 11:00 a.m. to 9:00 p.m.
Oct. 2: American Cancer Society’s Relay for Life
At least one person was reported wounded in a shooting in Newhall Wednesday night, prompting a response from law enforcement and medical personnel.
Newhall Shooting Sends One Person to Hospital
Are you ready for a “Partea”? Circle of Hope’s 17th Annual Tea Celebration will be held at the Hyatt Regency Valencia on Saturday, Oct. 9, beginning at 11:00 a.m.
Oct. 9: Circle of Hope’s 17th Annual Tea Celebration
SACRAMENTO — State Superintendent of Public Instruction Tony Thurmond proudly recognized Betty Reid Soskin, a pioneering Bay Area civil rights activist and the oldest living National Park Ranger serving in the United States, as an Ambassador to California Education on her 100th birthday.
Betty Reid Soskin Named California’s Newest Education Ambassador
The Mojave Area California State Parks  recently announced status updates for public use.
Status Updates Released for Mojave Area State Parks
1948 - Agua Dulce Women's Club organized [timeline]
Women's Club
The Santa Clarita Planning Commission approved the installation and operation of a Verizon wireless communication facility that will expand wireless coverage in the city’s center. 
Verizon Wireless Facility Approved By Planning Commission
State Senator Scott Wilk is honoring four Hispanic community leaders to commemorate National Hispanic Heritage Month. 
Wilk Honors Local Hispanic Community Leaders
Los Angeles County Public Health officials on Wednesday confirmed 41 new deaths and 1,750 new cases of COVID-19 countywide, with 35,403 total cases in the Santa Clarita Valley.
Wednesday COVID-19 Roundup: Nursing Facility Numbers See Decline; Santa Clarita Cases total: 35,403
College of the Canyons and the Santa Clarita Environmental Education Consortium, SCEEC, will virtually host the 2021 Green STEM Summit on Saturday, Oct. 9 with the purpose of introducing students to green careers.
COC’s Virtual Green STEM Summit Slated For October
The Angeles National Forest will end its forest closure order Wednesday at 11:59 pm, a week past the expiration of the California regional closure.
Angeles National Forest Ending Closure Order
State Superintendent of Public Instruction Tony Thurmond announced a vision for ensuring that every California student will learn to read by third grade by the year 2026 during a virtual press conference on Tuesday
State Superintendent Seeks To Increase Literacy By Third Grade For All California Students
In an effort to keep adopted pets from returning to the shelter, the Los Angeles County Department of Animal Care and Control has launched a free online resource center to help pet owners who can no longer keep their pets.
Pets Get A Second Chance With New Rehoming Program
The population of the city of Santa Clarita grew by 22.9% between 2010 and 2020, according to U.S. Census data released Monday that will be used to redistrict boundaries for various political offices in California. 
Santa Clarita Population Has Grown Over 50,000 In Ten Years
A federal court handed international mining conglomerate Cemex a win last week in its decades-long battle to establish a mining operation in Soledad Canyon.    
Court Rules In Favor Of Cemex Over Bureau Of Land Management
The American Cancer Society Santa Clarita Valley held a Relay Rally at Westfield Valencia Town Center Saturday afternoon to raise awareness about its annual Relay for Life of the Santa Clarita Valley event on Saturday, Oct. 2. 
Community Gets Ready For Relay For Life With Local Relay Rally
1923 - Newhall Chamber of Commerce organizes community cleanup day [story]
cleanup day
%d bloggers like this: