Prices of “used” single-family homes across the Santa Clarita Valley were up nearly 11 percent over year-ago levels in April, while condominium prices hit their highest mark in four years.
According to the Southland Regional Association of Realtors, the typical previously owned single-family home changed hands for $415,000 in April, roughly even with the March level of $420,000 but significantly better than the $375,000 median of April 2012.
The typical used condo sold for $241,000 in April. That compares to $220,000 in March and $195,000 in April 2012. The last month to see a higher median price was April 2009 ($250,000).
Sales volume wasn’t half bad, either. Some sellers might still be waiting on the sidelines, but 209 single-family homeowners and 108 condominium owners signed on the bottom line in April. That compares to 200 and 95 escrow closings, respectively, in March.
Year-over-year, single-family escrow closings were up 18.8 percent.
“This activity comes as no surprise,” siad Bob Khalsa, president of SRAR’s Santa Clarita Division. “It was expected, simply because some families have been unable to buy for years and Santa Clarita, more than ever, remains a popular place to live.”
Yet, he cautioned, “we’re far from a normal market, which won’t appear until more current owners are above water and home buyers are not pushed out by investors, especially in homes priced under $450,000.”
Just 338 properties were listed for sale on SRAR’s Multiple Listing Service at the end of April – down 49.9 percent on the year – representing a 1.1-month inventory of homes. A six-month supply is indicative of a healthy market.
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.
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
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.
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.
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.
Los Angeles County Public Health officials on Tuesday confirmed 32 new deaths and 1,238 new cases of COVID-19 countywide, with 35,326 total cases in the Santa Clarita Valley. Additionally, Henry Mayo Newhall Hospital officials confirmed one new death bringing the total deaths since the pandemic began to 167.
The Rancho Camulos National Historic Landmark is hosting a series of special activities at “Last Sundays at the Landmark” with a special tribute in honor of Hispanic Heritage Month of the songs of Early California from the del Valle Family of Camulos, set for Sept. 26, from 1:00 p.m. to 4:00 p.m.
City of Santa Clarita Transit officials were forced to temporarily pause two trips on Monday after 20 employees, including bus drivers and call dispatchers, called out of work due to COVID-19-related reasons.
Both classified staff and teachers in the William S. Hart Union High School District voiced their displeasure with the ongoing negotiations regarding employee pay during Wednesday night’s governing board meeting, saying morale is low across the board for site staff.
Officials from Henry Mayo Newhall Hospital reported an additional death Monday, bringing the total number of COVID-19 deaths to 166 since the onset of the pandemic, hospital spokesman Patrick Moody confirmed.