August was the hottest month so far this year for new-home sales, the Building Industry Association’s Los Angeles-Ventura Chapter reported Thursday.
Throughout Los Angeles County, 281 newly built homes closed escrow in August, up 24.9 percent from July’s revised figure of 225. But August closings slipped 17.8 percent from 342 in August 2010.
Prices across the county were weaker both month-to-month and year-over-year. Median new-home sale prices fell 5.8 percent to $362,500 countywide in August from $385,000 in July and were off a significant 21.9 percent from the August 2010 median price of $464,250.
In the Santa Clarita Valley, August 2011 proved better on both the month and the year as 27 new homes closed escrow compared to only 15 in July and 23 a year earlier.
SCV new-home prices slipped 10.7 percent in August to $457,000 from July’s $512,000 but were 8.4 percent better than last year’s median price of $421,500.
BIA chapter CEO Holly Schroeder welcomed the monthly volume increase but described overall sales as anemic.
“The ongoing weakness in new-home construction is a major reason why the regional and state economies have not shown the kind of strong growth we typically see after a recession,” she said. “We are continuing to work closely with city and county officials to demonstrate the need to reduce fees and provide incentives for builders to begin construction on more new homes, condos and apartments.”
In the home resale market for the same period, volume was up on the year but prices were down. The Southland Regional Association of Realtors reported last month that 19.4 more previously owned homes changed hands in August 2011 than in August 2010, but the median price fell 10.2 percent over the year to $372,500.
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The California Department of Transportation has scheduled full freeway closures on the northbound and southbound State Rout 14 / Antelope Valley Freeway between Technology Drive in Palmdale and Avenue A in Lancaster.
The regular meeting of the Saugus Union School District Governing Board will take place Tuesday, June 6, beginning with closed session at 5:30 p.m., followed immediately by open session at 6:30 p.m.
The city of Santa Clarita’s Film Office released the nine productions currently filming in the Santa Clarita Valley for the week of Monday, June 5 - Sunday, June 11.
The Los Angeles County Department of Public Health cautions residents who are planning to visit L.A. County beaches to avoid swimming, surfing and playing in ocean waters.
On Saturday, the Los Angeles County Sheriff's Department celebrated 78 young men and women who completed a 14-week “Scouts of America - Learning for life,” Certified Sheriff’s Explorer Academy at S.T.A.R.S. Center in Whittier.
Shelter Animals Count, the most trusted and current source for animal sheltering data, spotlights a trend in dog euthanasia from the newly-released Intake and Outcome Data Analysis report for Q1 2023.
The Santa Clarita Arts Commission will meet on Thursday, June 8 at 6 p.m. in the City Council Chambers, 23920 Valencia Blvd. First Floor, Santa Clarita, CA 91355.
Raising the Curtain Foundation, through their Grand Ovation program, honored Jim Sudik and Paco Vela on Thursday, June 1 by naming the dressing rooms at the Newhall Family Theatre for the Performing Arts after the duo.
The Santa Clarita Library's annual Summer Reading challenge will kick off on June 12. The event, sponsored by Friends of the Santa Clarita Public Library, will boast the theme "Find Your Voice!"
Join instructor Katie Pinto at Bouquet Canyon Park on Tuesday, June 20 from 5:30 p.m. to 6:30 p.m. for a fun and interactive Hula Hoop class for adults and seniors.
The city of Santa Clarita Planning Commission will meet June 6 at 6:30 p.m. in the City Council Chambers, 23920 Valencia Blvd. First Floor, Santa Clarita, CA 91355.
City Cinemas in the Park will screen the film "The Little Rascals" on June 23 at 8:30 p.m. The film will be shown in Newhall Park, 24923 Newhall Ave., Santa Clarita, CA 91355.
The city of Santa Clarita is seeking artwork for an upcoming exhibit located in the First Floor Gallery of City Hall. This art exhibition is seeking artwork depicting the theme of "Pop Culture."
By now you have no doubt heard about the waste hauler transition coming to the city of Santa Clarita. Beginning July 1, all residents in our city will begin the process of switching over to Burrtec Waste Industries for their trash service.
California State Assemblywoman Pilar Schiavo (D-Chatsworth) successfully passed eight bills off the Assembly Floor, bringing her total number of bills now in the Senate to 11. Notably, more than half of her bills received bipartisan support.
In collaboration with the Saugus Unified School District, the city of Santa Clarita is excited to announce playground construction plans for Northbridge Park. The project aims to provide recreational space for Charles Helmers Elementary School students and the surrounding Northbridge community. Construction is scheduled to begin this summer.
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