Overall, the Santa Clarita housing market is on an upward trend. Home sales in Santa Clarita have gone up, largely due to a vibrant local economy and the desirability of the Santa Clarita community. This city’s market is going strong.
A Closer Look at the Santa Clarita Housing Market
Home prices are going up, mostly because of the popularity of the area. The average listing price is $704,041, which is 8.1% more than last year. The median sales price is $419,000, and this is 5.1% more than last year. The homes value is predicted to rise 3.2% within the next year. Additionally, the average price per square foot for Santa Clarita is $256. This is an increase of 10.3% compared to the same period last year. Prices may be up in the Santa Clarita housing market, but the area is a sought after place to live. Santa Clarita is consistently listed as one of the top safest cities in the United States. Only 0.23% of Santa Clarita’s population is affected by violent crime, which is significantly lower than the 0.65% average for Los Angeles County. Santa Clarita is a great place to live and raise a family.
Santa Clarita has an overall good economy as well. The average household income is $66,717, compared to $47,493 for the state average. This region’s economy is outperforming other communities. The good economy is playing a key role in the increased desire for the Santa Clarita housing market. The local market is showing strength, a rising inventory, and continued demand, all signs that consumers have faith in the local economy.
Santa Clarita’s reputation as one of the most dynamic regions in Southern California, is giving the Santa Clarita housing market a boost. It is a major magnet for new houses and for business growth. While other regions of the state reported sluggish year-end sales, Santa Clarita closed on a strong note. All in all, the Santa Clarita housing market has been robust.
