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Santa Clarita monthly Real Estate update

The latest compilation of monthly statistics from the Southern Calif. Regional MLS for September 2017 for SINGLE FAMILY DETACHED HOMES. Condos/Town Homes are in a separate report out soon.

CANYON COUNTRY

70 homes entered the market. (Up from 51)

102 homes on the market. (Up from 89)

Median Asking Price: $600,000 (Down from $620,000)

53 homes closed escrow. (Up from 51.)

CASTAIC

30 homes entered the market. (Up from 27)

55 homes on the market. (Up from 42)

Median Asking Price:$555,900 (Down from 609,000)

27 homes closed escrow. (unchanged)

Newhall

27 homes entered the market. (up from 26)

46 homes now on the market. (Up from 42)

Median Asking Price: $589,900 (Down from $599,000)

21 homes closed escrow, (Down from 23).

Saugus

54 homes entered the market. (down from 62)

89 homes now on the market. (Down from 90)

Median Asking Price: $620,000 (UP from $589.900)

46 homes closed escrow. (down from 55)

Valencia

53 homes entered the market. ( down from 62)

72 homes on the market. (Down from 84)

Median Asking Price: $694,900 (Down from $714,500)

43 homes closed escrow.

The median asking price for single family homes in the San Fernando Valley was $699,000. while the median SOLD price for homes there was $590,000 suggesting there are a lot of sellers trying to sell their more expensive homes and getting few takers... Only homes listed at the $600k price point and below are moving well.

By comparison, the median asking price for single family homes in all of Santa Clarita is $639,900 (down from $669,000) with actual SOLD median prices at $585,000. That is up from $574,600 in August. By the way, median sold Condo prices were $360,000. Overall 462 new listings of all home types hit the market, while 401 homes sold, leaving 61 more homes on the market than in August. Good.

Sellers are discounting homes a bit more than in August to get their homes sold. It will take some time for sellers to realize that the market might have peaked for the year..

If you are thinking of buying or selling a home in the next 6 months, let's have a 10 minute chat over a cup of coffee. I'm buying. Just name the date and the time!

If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider.

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