• Santa Clarita's inventory has been below two months for at least the past 13 months.
  • The market represents one Los Angeles sub-region where homebuilders are active.
  • December was a strong month for closings.

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by CareyBot

Last year represented the best 12-month period for Santa Clarita Valley home sales and values since 2006 and 2007, respectively. According to the Southland Regional Association of Realtors (SRAR), a total of 2,451 single-family homes sold in Santa Clarita last year. The annual sales total equated to a nearly 10 percent year-over-year jump. The area had a surprisingly strong December, where 238 homes sold, adding late in the game to last year's success. Jim Link, CEO of SRAR, attributed the strong month to the volume of homes that went into escrow during mid-October and November. Additionally, a number of buyers and sellers, for tax reasons, were eager to close before year's end. Sales activity rose while the annual median price increased by more than 8 percent to $510,542...