Right now is a good time to be a homebuilder in Santa Clarita.A glaring reason why, the median price of an existing single-family home is equivalent or higher than some "bottom-end" newly-built homes, which start in the $500,000s.According to recent data from the Southland Regional Association of Realtors (SRAR), the median single-family home price stood at $530,000 in the Santa Clarita Valley during January. This value equated to a $50,000 year-over-year rise in price."It benefits the brand new homes," said Dean Vincent, president of the Santa Clarita Valley Division of SRAR. "You're paying just a bit more (for new product) and it's hard not to look at the shiny object."Homebuilders are most active within Santa Clarita's Five Knolls, a new community that includes six new home collections from Brookfield Residential, TRI Pointe Homes, Meritage Homes and KB Home. Prices are said to start in the $500,000s. The community officially opened last September.Santa Clari...
- The Santa Clarita Valley housing market has roughly 2 months of existing supply.
- Brookfield Residential, TRI Pointe Homes, Meritage Homes and KB Home are all active in Santa Clarita.
- The median sales price of an existing home in Santa Clarita will exceed $530,000 shortly.