Housing prices remain steady, although we’re seeing some signs of the end of the “summer rush.”
August showed a steady pace in the Santa Clarita real estate market, with new information released by the Southland Regional Association of Realtors.
While there were no “wild rides” real estate-wise, we did see a market that held its own through what most consider the “dog days of summer.”
Median home prices and sales remained somewhat the same as July, with median sale prices holding at $415,000, which includes both single family residences and condominiums. We saw a slight drop in the number of home listings at 441 for August, compared to 500 in July, but the number of escrows opened and closed barely changed month over month.
Santa Clarita also saw only a slight drop in the median list price in August at $447,000 compared to $459,000. This accounts for typical pricing adjustments as the summer rush comes to an eventual close.
Median List Prices for Single Family Homes in the Santa Clarita Valley For August 2014
Agua Dulce: $725,000
Canyon Country: $500,000
Stevenson Ranch: $739,000
Median List Prices for Condominiums in the Santa Clarita Valley For August 2014
(Note: The communities of Acton and Agua Dulce have no condominium complexes, which is why they are left off of the following list)
Canyon Country: $240,000
Stevenson Ranch: $345,000
Mortgage Interest Rates
Mortgage rates have fluctuated slightly, but are still holding at well below 4.5 percent. As of this date, a 30 year fixed rate mortgage is holding at 4.24 percent (Not including APR, and remember, actual qualifying rates vary based on many factors). That being said, qualified home buyers can still count on tremendous buying power to get the home of their dreams.
We’re here to answer all of your real estate questions!
Montemayor & Associates are a team of dedicated licensed real estate professional ready to serve all of your home buying and home selling needs in an effort to help you realize all of your real estate goals. Contact us by calling either of the numbers listed at the top of this page, or by using the QuickResponse form below.
Posted on 09/14/2014 at 11:15 AM