Santa Clarita Valley home prices to plateau this year says Southland Regional Association of Realtors

Prices expected to move higher in the coming months
  • The median price of a single-family home in the valley didn't shift from January to February.
  • The market's median home price for existing product is now equivalent or higher than some bottom-end newly-built homes.
  • Santa Clarita Valley has a total housing supply of 2.7 months.

Santa Clarita Valley single-family home prices rose by more than 8 percent year-over-year in February; however, on a month-to-month basis values were unchanged – backing up the forecast that price growth will moderate in the market this year.

M. Dean Vincent, president of the Santa Clarita Valley Division of the Southland Regional Association of Realtors (SRAR) expects the valley’s median home price to rise by five percent this year.