Tag Archives: santa clarita housing inventory

Santa Clarita Housing Prices Rise 5 Percent In April

Month over month numbers show growth in the Santa Clarita real estate market.

More good news for the Santa Clarita real estate market. Housing sales are up, along with housing prices!Santa Clarita Real Estate

A total of 369 escrows closed in April, compared to only 261 in March. That’s 369 buyers now enjoying the benefits of home ownership in the Santa Clarita Valley. We also saw combined (Condominium and Single Family Homes) median prices continue to rise in April to $402,500. That’s a nearly 5% jump from March when combined median prices rose to $384,900.

We did see the number of active listings remain fairly flat, dropping by 21 homes in April as compared to March. read more

Rise in New Home Sales Show Promise For Market Recovery

When the economy took a negative turn a few years ago, one of the industries hardest hit in the real estate community were new home sales. Recovery had been slow for this industry, but this year, it appears new home sales have turned a corner in the positive.

According to the Commerce Department, new home sales in April rose 3.3%, and the median selling price of a new home is up 4.9% over the previous year.  Sales are still slow compared with the boom years when they reached a rate of close to 1.4 million, but the month’s results were slightly better than expected. read more

First-Time Home Buyer Grants

2012/2013 First-Homebuyer Grant Program for San Fernando & Santa Clarita Valleys

The Southland Regional Association of REALTORS® is currently offering grants to qualified homebuyers who purchase their first home within the San Fernando or Santa Clarita Valley and have a low to moderate income-level. The amount of each grant will be $2,000 and will only be paid to qualified applicants after the close of escrow while funding lasts. Repayment of grant is not required.

NOTE: THERE ARE A LIMITED NUMBER OF GRANTS. GRANTS WILL ONLY BE AWARDED TO THOSE APPLICANTS WHO QUALIFY AND WILL BE DISTRIBUTED ON A FIRST-COME, FIRST-SERVE BASIS. THIS GRANT PROGRAM WILL LAST ONE YEAR BEGINNING MAY 7, 2012 OR UNTIL ALL GRANTS HAVE BEEN AWARDED, WHICHEVER COMES FIRST. BUYERS MUST BE ADVISED THAT SIMPLY SUBMITTING AN APPLICATION DOES NOT GUARANTEE AN AWARDED GRANT. read more

Santa Clarita Community Spotlight: Saugus

Henry Mayo Newhall

Believe it or not, the town of Saugus was the first community formed in the Santa Clarita Valley. Henry Mayo Newhall named it in honor of his hometown of Saugus, Massachusetts, after he purchased Rancho San Francisco (What is now known as The Santa Clarita Valley) in 1875. He granted right-of-way for the Southern Pacific Railroad Company, and a town was born.

For many years however, Saugus took a backseat to the Santa Clarita Valley community of Newhall, which sprung into a prosperous community. Saugus remained a farm and ranch community until the Bonelli tract homes (the first tract homes in Santa Clarita, by the way) broke ground in 1950. The Bonelli homes are still there and attract many first time home buyers to the community. read more

Low Inventory Makes For a Hot Market

We’re having a housing inventory problem here in the Santa Clarita Valley. There are very few active homes on the market available for sale.

As you can see from the chart below (Courtesy of Southland Regional Association of Realtors), residential inventory for 2012 is much lower than the previous two years.

Click this photo to view full size image

So what does this mean to you as a home seller? It means that now may be a great time to take advantage of the low inventory if you are considering selling your home. There is considerable competition among buyers, especially for homes selling as “standard listings”, meaning they are not short sales or have any other issues that may delay closing escrow. Even still, many home buyers are looking for “the deal”, and the first homes they check are either short sales or bank-owned properties. read more

Agua Dulce: Country Living, City Access

One of the many housing styles in Agua Dulce

Did you ever hear the term “We’re moving to the country!”? What does that mean? In this metropolitan gargantua known as the greater Los Angeles area, where can one go to get away from it all  for some peace and quiet?

Located just 40 miles north of downtown Los Angeles, Agua Dulce offers ranch-style, country living. It is a place that provides a small town environment that many crave, while still having access to commute to the L.A. business centers.

Agua Dulce is Spanish for “Sweet Water.” Many people move here because the homes are mostly custom designed, as there is no traditional tract housing in the area. That doesn’t mean Agua Dulce doesn’t have diversity in housing styles and prices. There are many affordable homes in the area, as well as luxury and ranch estates. read more