At the time this post was written the median price listing for a Santa Clarita Valley home at the beginning of September 2018 is $649K.  This is a 1% decrease from August.   For much of the news regarding inventory being tight, it has loosened with a 7% increase over the past month.  This amounts to the average price per sq. foot at $291.00 vs in August when it was $293.  Currently, Single Family Homes in the pricing range of $450-600K are hot!  These homes typically have 3-4 bedrooms, 2-2.5 baths and have a Homeowner Association Fee.  Prime areas where these homes are being purchased\sold are in Stevenson Ranch and Valencia.  Other Santa Clarita Valley neighborhoods that your purchasing power can be extended is in Newhall, Castaic, Canyon Country, and Saugus. 

We’re still within a home seller’s market, although if prices continue to decrease or flatten it will become a buyer’s market.  However, for buyers, the fear of interest rate increases is looming.   The Fed will make their next interest rate decision Sept 25-26.  Traditionally, if the Fed is going to raise interest rates prior to year-end it will come this month, not during the holiday months of November and December. 

If you are in search of a real estate agent to help you navigate thru the many stages of your real estate experience, please contact me as I want to be your realtor to help you navigate thru the many stages of your real estate experience! 😊