Home sales totals suggest Santa Clarita is an improving market

Annual single-family and condo sales up from previous years
  • Single-family sales activity has dipped noticeably when comparing July to November.
  • Median condo prices continue to rise on a year-over-year and month-over-month basis.
  • Market has slightly more than two months of supply, which should continue to drive median prices.

The Santa Clarita Valley has experienced recent drops in single-family home sales activity; however, 2015 will outpace the previous two years when it comes to total transaction volume. Spanning January to November, 2,213 single-family homes sold in the valley, according to the Southland Regional Association of Realtors. For perspective, a total of 2,230 homes traded in 2014, with 2,270 selling in 2013. 2015 was a solid year in spite of the 154 single-family homes that closed November, which represented a 22.2 percent year-over-year decline in activity.