Santa Clarita monthly Real Estate update

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

CANYON COUNTRY

68 homes entered the market.

96 homes now on the market.

Median Asking Price: $619,000 (Unchanged)

41 homes closed escrow..

CASTAIC

30 homes entered the market.

40 homes now on the market. (Down from 56)

Median Asking Price:$600,000 (Up from $575,000)

26 homes closed escrow, down from 31..

Newhall

17 homes entered the market, down from 22.

36 homes now on the market.

Median Asking Price: $599,000 (Down from $619,000)

13 homes closed escrow, down from 21.

Saugus

72 homes entered the market, down from 75

88 homes now on the market.

Median Asking Price: $600,000 (down from $630,000)

56 homes closed escrow, down from 75.

Valencia

60 homes entered the market, down from 81.

84 homes now on the market. Down 13.

Median Asking Price: $739,900 (Down from $749,000)

64 homes closed escrow.

The median asking price for single family homes in the San Fernando Valley was $799,000. while the median SOLD price for homes there was $665,000 suggesting there are a ton of sellers trying to sell their more expensive homes and getting no takers...

By comparison, the median asking price for Santa Clarita is $675,000 with actual SOLD median prices were at $584,600. Sellers are discounting homes a bit more than in June to get their homes sold, though they are asking more at the beginning than the month before.. 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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