Median Single Family Home Prices Rise 6% In One Month
Good news for Santa Clarita homeowners! Recent statistics released by the Southland Regional Association of Realtors showed the median price of a single family home in the SCV rose to $520,000 in March; up a little more than 6 percent from February’s median price of $490,000.
That’s a $30,000 increase in equity in one month!
Are you starting to see why it’s better to own than to rent your home?
Now to be clear, home equity doesn’t jump this much every single month, but year over year, real estate in the Santa Clarita Valley has averaged an increase of over 6 percent since 1998 (The first full year the Southland Regional Association of Realtors provided public statistics). This includes the short term declines in the real estate market during the darkest years of the recent recession between 2008-2011.
Real estate as a long term investment.
As you can see, if you’re ready to make a move to a home that will be THE home you stay in, raise your family in, and “grow old” in, real estate is one of the safest long term investment choices you can make. Taking into consideration the fact that interest rates are still below 4 percent, and you have an incredible opportunity to leverage some serious purchasing power!
Real estate as a short term investment.
Of course, there are some home buyers out there who may not be in it for the “long haul.” Perhaps you’re considering a more short term strategy, remaining in your home for only a few years before selling. While this involves a bit more risk from a profit perspective, it’s all about getting the right advice from a licensed, full service real estate professional who can help you plan your strategy that will help to achieve all of your real estate goals.
Considering real estate as an investment for profit?
Are you thinking of purchasing real estate purely for investment as a rental property? This too has many benefits, including monthly positive cash flow and increased equity in your property that you can one day take advantage of when you sell. Of course, there is a right and wrong way to buy homes for investment, and you’ll want to confer with experienced real estate professionals who know how to navigate the potential pitfalls. By the way, it costs you nothing for our services to help you purchase a home!
We are your choice when it comes to buying and selling property in the Santa Clarita Valley!
Contact Team Avalos Real Estate today for a no obligation consultation.
Team Avalos Real Estate
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355
Office: (661) 290-3743
Carlos direct: (818) 399-4093
Rose direct: (818) 590-2077