After a few months of lower prices, condos took a surprising leap last month.
Statistics recently released by the Southland Regional Association of Realtors showed a bounce upward again in condo prices; rising $25,000 in median equity from April to $315,000.
Prices for Santa Clarita Valley condominiums have dropped in recent months, hovering in the low $300,000’s until April, where they tumbled to $290,000.
Home prices typically fluctuate in a normal market, so these numbers are not surprising. Interest rates, while ticking a few tenths of a percentage to just (barely) over 4% are not holding qualified buyers back from taking advantage of market conditions and getting into the home of their dreams.