Median home prices take a 6 percent jump over February.
Recent statistics released by the Southland Regional Association of Realtors showed the median price of single family homes in the Santa Clarita Valley rose over 6% to $520,000.
To put this in better perspective, that’s a $30,000 increase in equity over February.
Homeowners in Santa Clarita have enjoyed steady growth in property value for the past 2 years when prices rebounded in 2013 along with a 14 percent overall rise throughout that year. 2014 saw a 12 percent increase in prices, and this year looks to continue in the same vein.