Santa Clarita descends from its peak

Inventory and affordability limit the submarket
  • Pending sales volume indicates November will be another down month for the submarket, at least on a month-over-month basis.
  • The submarket is primarily driven by single-family sales.
  • Despite monthly price declines and Santa Clarita's distance from downtown Los Angeles, median price still sits at half a million.

The northern Los Angeles submarket of Santa Clarita Valley is unlikely to see a rise in home sales activity or median prices during the coming months. The market, which primarily includes the city of Santa Clarita – population 213,000 – has seen sales activity and prices drop since peaks were reached in July and May, respectively.