Santa Clarita Valley Homes Sales Up 46%, Condos Up 24% As Inventory Shrinks
Santa Clarita Valley home sales and condo sales were up in November despite the COVID-19 pandemic, according to a report.
Even as seasonal forces begin to moderate activity, sales of homes and condominiums in the Santa Clarita Valley remained well above year-ago levels, riding a surge of homebuying interest prompted by the pandemic and interest rates that continue to dip lower, the Southland Regional Association of REALTORS reported Monday.
A total of 256 single-family homes closed escrows last month, up 45.5% compared to November 2019, though down 14.4% from this October. Sales have been above 200 every month since dipping to 111 in May as a result of stay-at-home orders, with October coming one sale away from the 300-sale benchmark, a feat not seen since 2005, according to the report.
Even as seasonal forces begin to moderate activity, November home sales and condominium sales in the Santa Clarita Valley remained well above year-ago levels, riding a surge of homebuying interest prompted by the pandemic and interest rates that continue to dip lower, the Southland Regional Association of Realtors reported Monday.
Pending sales, a measure of future activity, were up 39.4%, suggesting that the Santa Clarita market will remain robust in the closing month of 2021 and into the new year.
In November home sales, a total of 256 single-family homes closed escrows last month, up 45.5% compared to November 2019, though down 14.4% from this October. Sales have been above 200 every month since dipping to 111 in May as a result of stay-at-home orders, with October coming one sale away from the 300-sale benchmark, a feat not seen since 2005.