Santa Clarita was incorporated many moons ago and some of these areas aren't really part of the city, but we still include them in our activity as when we are selling SCV, we are selling these areas too!
Acton, Agua Dulce, Canyon Country, Saugus, Valencia, Newhall, Stevenson Ranch, Castaic, and Val Verde.....all 'considered' to be part of SCV. Remember, this includes Condos, Townhouses, Single Family Residences, and Manufactured homes not in parks.
Active as of this morning ~ 789
(cool Chevy, right?)
Under contract/In escrow ~ 397
Sold in the last 30 days...as in closed escrow..... ~ 283
The closed escrow number is about 10% less than what we had been averaging. But, yes, the holiday season is coming.
If rates & inventory continue to climb, the market will continue to change. We still currently have just under 3 months worth of housing inventory. Once we are at 6 months, and if we continue to grow inventory after that landmark, we will definitely be in a buyers market....again....finally.
Should you wait to buy then? That's entirely up to you. What I'm seeing shows that you will be paying the same-ish monthly payment due to rising interest rates...why wait? Why continue to throw money into a landlords pocket vs. building equity in your very own home? I wouldn't.
Just reach out to me and I'll try and answer every question you have. If I don't immediately have an answer, I'll tell you...and, then I'll find the answer.
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