header image

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

Inside
Weather


 
Calendar
Today in
S.C.V. History
February 10
2013 - Motion picture helicopter provider David Gibbs of Valencia and two others are killed in crash at Acton movie ranch; Hollywood's deadliest on-set incident since triple-fatal "Twilight Zone Movie" helicopter crash in Valencia in 1982 [report]
NTSB report on helicopter crash


The number of active listings of homes and condominiums for sale in the Santa Clarita Valley rose in October 2018 for the fifth consecutive month while sales slowed and resale prices continued to move higher, the Southland Regional Association of Realtors reported Monday.

There were 655 active listings at the end of the month, an increase of 36.5 percent over a year ago. From January 2015 through May of this year the inventory had posted declines, with the only one exception.

“To have five consecutive months post increases in supply suggests owners believe prices may have peaked and now is a good time to sell,” said M. Dean Vincent, chairman of SRAR’s Santa Clarita Division.

“Demand for housing remains high, but any increase in inventory will ease upward pressure on prices,” he said. “That’s especially important today because prices have risen high enough that the pool of people who can afford to buy is shrinking,” Vincent said. “Sellers will have to be aware of the shifting market dynamics even as they seek the best price possible for their property.”

The October inventory represented a 2.6-month supply at the current pace of sales, which was a definite improvement from a year ago when the 480 active listings represented a 1.6-month supply.

Association statistics place the average supply over the last 11 years at a 3.7-month inventory.

“Buyers certainly gain a bit more leverage as the inventory grows,” said Tim Johnston, the Association’s chief executive officer. “Yet it remains a sellers’ market even as buyers have more choices and can argue for concessions or price reductions.”

The median price of single-family homes that changed owners last month came in at $595,000, up 2.6 percent from a year ago. The monthly median has posted higher than the prior year virtually every month since prices hit bottom at $340,000 in November and December 2011.

However, unlike most other Southern California communities, the local median price has yet to surpass the record high of $643,000 set in April 2006.

The median price of condominiums sold last month was $399,900, up 12.8 percent from a year ago October, but 2.5 percent below the record high $410,000 established this April.

Realtors assisted 175 single-family home sales last month, down 10.3 percent from October 2017, and 73 condominiums, down 27.7 percent.

“There are still plenty of buyers out there, yet rising interest rates and rising prices make it more difficult to buy,” Johnson said. “Declining sales also typically occur around this time of year as holidays and the end of the year draw closer.”

Of the combined 248 home and condo sales last month, there was only one distressed sale reported: a condominium that was purchased using a short sale, where the lender agrees to a purchase price lower than the balance of the existing loan.

The Southland Regional Association of Realtors is a local trade association with
more than 10,300 members serving the San Fernando and Santa Clarita Valleys. SRAR
is one of the largest local associations in the nation.

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.

2 Comments

  1. Travis Levy says:

    Now that the Dems have taken over I’m predicting the inventory to keep increasing . Anyone that can get out of Dodge before the you know what really hits the fan, will be selling their house for sure. I can just see it now TAXES,TAXES,TAXES !!!!!!!!!!!!!!!!!

  2. Josh says:

    Inventory tracking software is another program used and, as the name implies, it deals specifically with the movement of goods. It is what measures the shipping and the receiving and on hand and location in a warehouse or retail store. It will tell you what product is in the store or warehouse, how much of it exists and its exact location.

Leave a Comment


Latest Additions to SCVNews.com
College of the Canyons track and field teams combined for 11 first-place finishes at the annual season-opening Battle of the Regions meet hosted by Bakersfield College on Friday, Feb. 7.
Canyons Track & Field Opens Strong at Battle of the Regions
In today’s fast-paced world, finding the time to stay informed and learn about new subjects can be a challenge; which is why I have always been a huge fan of the ease and flexibility of podcasts whether I’m using my AirPods to listen while exercising, playing through the car while driving or tuning in when relaxing at home.
Ken Striplin | Santa Clarita Voices is On Air
ARTree Community Arts Studio has been awarded a city of Santa Clarita Community Services and Arts Grant for 2025, which will allow it to offer its popular Nest: Healing Art Studio program an additional day each month for a year.
ARTree Receives Grant, Facilitating Nest Program
Junior Chamber International of Santa Clarita has announced the return of Get Real: Adulting 101, a fun and interactive financial education simulation for high school juniors and seniors.
March 29: JCI Get Real: Adulting 101 Seeks Sponsors
The city of Santa Clarita’s Film Office has released the list of nine productions currently filming in the Santa Clarita Valley for the week of Monday, Feb. 10 to Sunday, Feb. 16.
Feb. 10-16: Nine Productions Filming in Santa Clarita
Sulphur Springs Union School District is hosting a job fair, 9 a.m.-2 p.m. Friday, Feb. 21 at 27000 Weyerhaeuser Way, Santa Clarita, CA, 91351.
Feb. 21: Sulphur Spring School District Job Fair
2013 - Motion picture helicopter provider David Gibbs of Valencia and two others are killed in crash at Acton movie ranch; Hollywood's deadliest on-set incident since triple-fatal "Twilight Zone Movie" helicopter crash in Valencia in 1982 [report]
NTSB report on helicopter crash
Detectives from the Los Angeles County Sheriff’s Department Missing Persons Unit is asking for the public’s help locating an at-risk missing person.
LASD Seeks Public’s Help Locating Missing Santa Clarita Man
1971, 6:01 a.m. - Sylmar/San Fernando Earthquake centered in Iron Canyon/Sand Canyon [WATCH FILM]
1971 earthquake film
1990 - Rock 'n' Roller Del Shannon, whose hit "Runaway" topped the charts in April 1961, found dead at home in Sand Canyon [story]
Del Shannon
Beginning Saturday, Feb. 8 through Sunday, March 2, customers in Santa Clarita Valley can donate to Boys & Girls Clubs of Santa Clarita Valley during checkout at their local Ross Dress for Less store.
Ross Fundraiser Benefits SCV Boys & Girls Club
The Saugus Union School District Asset Management Committee will hold its next meeting on Wednesday, Feb. 12.
Feb. 12: Saugus School District Asset Management Committee Meeting
The Castaic Union School District Governing Board will hold its regular meeting Thursday, Feb. 13, at 6 p.m. The board will first meet in closed session at 5 p.m.
Feb. 13: Castaic School Board to Receive Chiquita Canyon Landfill Update
The Santa Clarita Master Chorale, led by Artistic Director Allan Robert Petker, is currently in its 25th anniversary season celebrating its mission to bring fine choral music to the Santa Clarita Valley community.
March 9: Santa Clarita Master Chorale Presents ‘Silver Serenade’
The Santa Clarita City Council will hold a special meeting in closed session to negotiate the purchase of parcels of land at 5:30 p.m. in the Carl Boyer Room at City Hall on Tuesday, Feb. 11.
Feb. 11: City Council to Negotiate Land Purchases
The Santa Clarita Community College District Board of Trustees will hold a business meeting Wednesday, Feb. 12, beginning at 5 p.m. The board will first meet in closed session at 4 p.m.
Jan. 12: COC Board Considers 2025 Goals, Affordable Student Housing
The Cube Ice and Entertainment Center in Valencia will offer a special Valentine’s Day Sweet Hearts Skate on Friday, Feb. 14.
Feb. 14: Sweet Hearts Skate Event at The Cube
Broken Leg Theatre has announced its upcoming production of the critically-acclaimed play, "Vanya and Sonia and Masha and Spike," written by Christopher Durang. Durang is a master of comedy and winner of the 2013 Tony Award for Best Play.
Feb. 14-16: ‘Vanya and Sonia and Masha and Spike’ at The MAIN
Join the Valley Industry Association for a special Cocktails & Conversation event hosting Director of Economic Development of city of Santa Clarita, Tom Cole, Thursday, Feb. 27, from 5:30 - 7 p.m.
Feb. 27: VIA Cocktails & Conversation With Tom Cole
The Santa Clarita Valley Economic Development Corporation has announced that Natalie Vowell will assume the new Vice President of Business Development position for the Santa Clarita Valley.
SCVEDC Names Natalie Vowell New VP of Business
The Child & Family Center’s Pathways to Recovery Program, in partnership with the city of Santa Clarita, will host a special SCORE Scholarship Program sign-up event on Tuesday, Feb. 11, from 3-6 p.m. in the Child & Family lobby.
Feb. 11: SCORE Scholarship Sign-Up Event
The city of Santa Clarita has announced a recap of the stats for another successful Holiday Light Tour, which brought joy and holiday cheer to residents and visitors alike.
Holiday Light Tour Recap, Golden Ticket Giveaway Winner
The city of Santa Clarita has announced the return of SENSES Block Party to Main Street in the Old Town Newhall Arts and Entertainment District for another year of high-energy fun. SENSES is held from 7 p.m. to 10 p.m. on the third Thursday of each month starting March 20.
March 20: SENSES Returns to Old Town Newhall
The William S. Hart Union High School District has announced that the La Mesa Junior High School Counseling Department has been designated a Recognized American School Counselor Association Model Program.
La Mesa Junior High Earns Recognition for Counseling Program
SCVNews.com