Market Conditions for Santa Clarita as of 3/13/07

By a simple glance at the numbers, the Real Estate Market in Santa Clarita continues to get more and more active.

Since last September, we have a third less listings on the market. While at the same time, the average home price has had modest gains, increasing about $7,000 since that time.

Valencia home price averages increased from $612,000 to $683,000 while Stevenson Ranch had the largest jump from $716,000 to $807,000.

Areas that have decreased in the average sale price include Canyon Country dropping from $613,000 to $540,000, Saugus $638,000 to $609,000 and Castaic $670,000 to $566,000.

Keep in mind, these are just averages, and it may be this month, more lower priced homes sold than higher priced homes. Likewise, the $612,000 mark in Valencia was unusually low.

Most importantly, our opinion is that we now find ourselves in a balanced market, good for the seller and good for the buyer.

3/2/2007 Totals for SCV's Top 6 Cities Below
Active Listings 1465
Pending 134
Sold Homes: Closed Escrow in Prev.Month 168
Avg. Price $647,376
Sold Condos, etc.: Closed Escrow in Prev. Month 100
Avg. Price $346,561

Canyon Country
Active Listings 440
Pending 29
Sold Homes: Closed Escrow in Prev.Month 32
Avg. Price $539,619
Sold Condos, etc.: Closed Escrow in Prev. Month 24
Avg. Price $325,225

Castaic
Active Listings 124
Pending 13
Sold Homes: Closed Escrow in Prev.Month 18
Avg. Price $566,314
Sold Condos, etc.: Closed Escrow in Prev. Month 1
Avg. Price $270,000

Newhall
Active Listings 165
Pending 10
Sold Homes: Closed Escrow in Prev.Month 9
Avg. Price $680,222
Sold Condos, etc.: Closed Escrow in Prev. Month 15
Avg. Price $290,727

Saugus
Active Listings 264
Pending 28
Sold Homes: Closed Escrow in Prev.Month 50
Avg. Price $608,551
Sold Condos, etc.: Closed Escrow in Prev. Month 23
Avg. Price $355,465

Stevenson Ranch
Active Listings 74
Pending 13
Sold Homes: Closed Escrow in Prev.Month 10
Avg. Price $806,800
Sold Condos, etc.: Closed Escrow in Prev. Month 7
Avg. Price $424,389

Valencia
Active Listings 398
Pending 41
Sold Homes: Closed Escrow in Prev.Month 49
Avg. Price $682,748
Sold Condos, etc.: Closed Escrow in Prev. Month 30
Avg. Price $413,560