Additional Resource: For all the intel related to the current real estate markets in the Santa Clarita Valley Cities, just head over to our top Paris911.com Website and type the word “Reports” into the MacBoX at the Top of the Screen.
Looking to the Condos and Townhomes in the Santa Clarita Valley City, we see the following dynamics:
The median list price in Santa Clarita CA this week for Condos and Townhomes is $345,000. Our Top Realtor Team has also seen that demand is measured by the Market Action Index. The MAI is increasing and Days on Market happens to be holding steady as it relates to Condos and Townhomes in the SCV.
One of the market indicators that we look to when giving our Real Estate Clients the best intel has to do with Supply and Demand as it relates to the Santa Clarita Valley Areas.
We see that the SCV market has been cooling over time and that prices have recently flattened out related to the condos and townhomes in Santa Clarita. Despite the consistent decrease in the Santa Clarita real estate market action index, we are still in a sellers real estate market.
This sellers market still leaves little inventory available. However, if the MAI begins to climb, Santa Clarita condo and townhome prices will likely follow suit. If the MAI drops in the Santa Clarita Valley, consistently, or falls into the buyers zone, we will all see reduction in housing prices for Santa Clarita.