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
December 24
1965 - Signal newspaper owner Scott Newhall shows up for a duel (of words) with rival Canyon Country newspaper publisher Art Evans, who no-shows and folds his paper soon after [story]
headline


The median price of a new home in Santa Clarita rose 4.7 percent in September to $475,000 from $453,600 a month earlier – unchanged from $475,000 a year ago. But only nine homes closed escrow during September, a drop of 67 percent on the month and 53 percent year-over-year.

The SCV was at par in that regard with the rest of the county, where escrow closings dropped sharply, according to the local chapter of the Building Industry Association of Southern California.

New-home sales in September dropped from the previous month and from September 2010 in both Los Angeles and Ventura counties, the BIA reported Monday.

A total of 221 new homeowners took the keys to their new homes and condos during the month in L.A. County, according to sales totals compiled for the BIA by Hanley-Wood Market Intelligence. Costa Mesa-based HWMI tracks closings in new-home communities of 10 units or more.

September’s total was down from 286 the previous month and 341 a year ago, when state tax credits for purchasing a new home were still in effect and is the lowest monthly total since January, when 209 closings took place.

The most sales during the month took place in West Los Angeles (82), followed by the South Bay and San Gabriel Valley.

However, the countywide median price increased by 6 percent from the previous month to $381,900. That figure was down 16 percent from a year ago. And the average price per square foot in L.A. County rose slightly to $291 – almost exactly where it was in January.

Ventura County reported just 17 closings in September, and both median price and price per square foot fell month over month and year over year.

Holly Schroeder, CEO of the Los Angeles/Ventura Chapter, said the drop in closings is another sign of how shaky the nation’s economic recovery is and urged local governments throughout the region to work with the building community to make as many projects as possible financially feasible.

“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,” Schroeder said.

“Homebuilding is a big part of our economy and getting the industry back on its feet would go a long ways toward rebuilding our economy, reducing unemployment and generating tax revenues for state and local governments up and down the state.”

 

BIASC is a non-profit trade association representing 1,000 member companies in the housing industry, construction trades, and affiliated businesses throughout Southern California.

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


Latest Additions to SCVNews.com
Los Angeles County Supervisor Kathryn Barger is urging residents to remain vigilant as a powerful storm system moves through Los Angeles County, bringing periods of heavy rain and rapidly changing conditions.
Barger Urges Residents to Stay Alert, Follow Evacuation Orders
Thirteen suspects were arrested, and more than $800,000 in stolen merchandise was recovered following a coordinated, multi-agency operation targeting an organized retail theft network operating across Northern California.
CHP Makes Multiple Arrests Made in Statewide Organized Retail Theft Investigation
The California State Transportation Agency today announced a new joint effort by two of its departments, the Department of Motor Vehicles and California Highway Patrol, to curb excessive speeding and prevent deadly crashes.
Pilot Program to Crack Down on Extreme Speeding
The city of Santa Clarita invites the community to heat up the holiday season at the Holiday Spice Salsa Edition on Saturday, Dec. 27, at the Canyon Country Community Center, located at 18410 Sierra Highway Santa Clarita, CA 91351.
Dec. 27: Holiday Spice Salsa Edition at Canyon Country Community Center
1965 - Signal newspaper owner Scott Newhall shows up for a duel (of words) with rival Canyon Country newspaper publisher Art Evans, who no-shows and folds his paper soon after [story]
headline
As winter storms enter Los Angeles County, the Los Angeles County Department of Animal Care and Control urges pet owners to take necessary precautions in light of the significant storms expected to last for five days.
DACC Urges Pet Owners to Prioritize Safety Ahead of Storm
Brayden Miner scored 31 points and Rylan Starr had 24 as The Master's University men's basketball team crushed Bethesda University 145-59 The MacArthur Center.
Season’s Best Offensive Performance Leads TMU Over Bethesda
From surprise Santa arrivals to stacks of gifts waiting for young hands, the Boys & Girls Club of Santa Clarita Valley delivered holiday cheer on a large scale this season, reaching hundreds of children and teens throughout the Santa Clarita Valley, including Clubhouses in Canyon Country, Newhall, Val Verde and Castaic.
Boys & Girls Club of Santa Clarita Valley Spreads Holiday Cheer
Princess Cruises, headquartered in Santa Clarita, embraced a cherished maritime tradition in a uniquely festive way, celebrating a symbolic christening of its Rose Parade float with a ceremonial break of a bottle of Pantalones Organic Tequila.
Princess Cruises Christens Star Princess Tournament of Roses Float
The Golden Globes have ushered in awards season with the announcement of the 2026 nominees across 28 categories. Among this year’s contenders is Pixar’s "Elio," which earned a nomination for Best Motion Picture – Animated.
CalArtian-Directed ‘Elio’ Nominated for 2026 Golden Globe
The National Weather Service has issued a "Hazardous Weather" warning for the Santa Clarita Valley and Southern California.
NWS Issues Flood, High Wind Warnings for SCV, Southland
Detectives from the Los Angeles County Sheriff’s Department Missing Persons Unit are asking for the public’s help locating at-Risk missing person Drew Barrick Russell.
LASD Asks for Help Locating Missing Santa Clarita Man
1997 - Five bodies found during grading of Northlake development in Castaic; determined to be Jenkins graveyard [story]
reburial
Old Town Newhall Public Library will host "Spice Travels," Friday, Jan. 2, 9:15-9:30 a.m. at 24500 Main St., Santa Clarita, CA 91321.
Jan. 2: Explore Global Cuisine with ‘Spice Travels ‘ at Newhall Library
The California Highway Patrol encourages the public to “brake” the habit of speeding this holiday season. The CHP will launch a Holiday Enforcement Period starting at 6:01 p.m. on Wednesday, Dec. 24, and ending at 11:59 p.m. on Thursday, Dec. 25.
Dec. 24-25: CHP Launches Holiday Enforcement Period
Volunteers are needed to help clear brush and restore the tread from the existing lower Gates and Twister trails 8 a.m.-noon Saturday, Dec. 27.
Dec. 27: Volunteers Needed for SCV Trail Users Workday
Join InfluenceHER's "Redefining Happiness, a Candid Conversation for the Modern Woman," 4-6 p.m., Friday, Jan. 16 at the Venue Valencia.
Jan. 16: InfluenceHER- Redefining Happiness, A Candid Conversation for the Modern Woman
The Santa Clarita Public Library system has announced that all library branches will close at 1 p.m. on Christmas Eve, Wednesday, Dec. 24, and remain closed on Christmas Day, Thursday, Dec. 25, in observance of Christmas.
Santa Clarita Public Library Holiday Hours
Students pursuing an undergraduate degree in water resource-related fields are invited to apply for the 2026/27 ACWA Edward G. “Jerry” Gladbach Scholarship, offered by the Association of California Water Agencies in partnership with SCV Water. Applications are now being accepted through March 1, 2026.
SCV Water Announces 2026/27 ACWA Edward G. ‘Jerry’ Gladbach Scholarship
Chloe Auble scored a career-high 40 points and Allie Miller came a rebound away from her first career triple-double as The Master's University Women's Basketball team defeated the Bethesda Lion Angels 125-24 in the MacArthur Center.
Lady Mustangs Break Scoring Records in Win
Vallarta Food Enterprises, headquartered in Santa Clarita, has been ordered by a federal court to comply with subpoenas relating to charges of employment discrimination.
Federal Court Orders Vallarta to Comply with EEOC Subpoenas
Burrtec Waste Industries has partnered with the city of Santa Clarita to establish three convenient locations for residents to recycle real holiday trees this season.
Dec. 26-Jan. 10: Recycle Trees, Wreaths at City Drop-Off Locations
The North American Aerospace Defense Command is ready to track Santa on Wednesday, Dec. 24, Christmas Eve, and is celebrating the program’s 70th anniversary.
NORAD Santa Tracker Celebrates 70th Anniversary
SCVNews.com