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Santa Clarita monthly Real Estate update

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

CANYON COUNTRY

44 homes entered the market. (Up from 37)

92 homes on the market. (Down from 94)

Median Asking Price: $569,000 (Down from $585,000)

37 homes closed escrow. (Down from 41.)

CASTAIC

17 homes entered the market. (Down from 27)

32 homes on the market. (Down from 47)

Median Asking Price:$549,500 (Down from 588,000)

17 homes closed escrow. (down 10 from 27)

Newhall

13 homes entered the market. (Up from 11)

30 homes now on the market. (Down from 35)

Median Asking Price: $615.000 (Down from $627,000)

19 homes closed escrow, (Unchanged).

Saugus

38 homes entered the market. (Up from 42)

54 homes now on the market. (Down from 70)

Median Asking Price: $625,000 (Down from $630,000)

41 homes closed escrow. (Down from 51)

Valencia

47 homes entered the market. (unchanged)

57 homes on the market. (Down from 70)

Median Asking Price: $679,500 (Down from $694,500)

36 homes closed escrow. (Down from 54)

The median asking price for single family homes in the San Fernando Valley was $824,900. while the median SOLD price for homes there was $675,000 suggesting there are a lot of sellers trying to sell their more expensive homes and getting few takers... Only homes listed at the $670k price point and below are moving well.

By comparison, the median asking price for single family homes in all of Santa Clarita is $629,000 (down from $649,000) with actual SOLD median prices at $580,000. That is unchanged from $585,000 in October. By the way, median sold Condo prices were $383,500. Overall 252 new listings of all home types hit the market, down from 284 while 253 homes sold. Homes in the $700-$800 price range sold for an average 6.5% discount off asking price, the largest discount of all mainstream price points. That led to increased sales in that range.

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.

Credits:

Created with images by insidious_plots - "Coffee for Wesley and I in my new birthday cups! :)"

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