Median property prices leveled off between March and April, but is that really cause for concern?
We’ve seen a lot of great things as far as the Santa Clarita real estate market goes. In the past 3 years, we’ve seen a rebound in sales figures and prices, including a huge reduction in short sales and foreclosure sales.
So when the Southland Regional Association of Realtors releases statistics showing that single family home prices in the SCV dropped $20,000 between March and April, some homeowners give it cause for concern. But is it?
Home prices regularly fluctuate.
If you look back over the sales figures history as provided by the Southland Regional Association of Realtors, you’ll find that home prices regularly fluctuate, even in a hot market. What you’ll want to consider is the overall long term growth in value, especially if you’re planning to stay in your home for a long period of time.