Santa Clarita Valley lack of inventory giving homebuilders a boost

New homes start in the 500,000s, existing median price sits at $530,000
  • 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.

Within the Santa Clarita Valley it appears right now is a good time to be a homebuilder. 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.