SCV Home Sales and Prices RiseBy
Sales of existing single-family homes and condominiums in the Santa Clarita Valley not only posted double-digit increases during January, but prices on single-family homes rose 4 percent from a year ago, reported the Southland Regional Association of Realtors. But don’t get your hopes up just yet, it could be to SCV’s low inventory that’s driving prices up at the moment, but it’s too early to call it a trend. January home sales were up 47.5 percent, and condo sales rose 106.5 percent from their record lows for this cycle, both of which came in January 2008, SRAR reported. So one thing to keep in mind if you are a buyer or seller sitting on the fence about your next real estate “move”, don’t look at the national and statewide stats’ and pay more attention to our local SCV reports that will give you a better reality on our local situation. We need to follow and trust our trends here in Santa Clarita, that are far better than the national statistics.