Another great reason to move to the SCV!
Good news for Santa Clarita as it was named the second safest mid-sized city in America by Movoto.com. Here is the complete ranking of the top ten safest cities:
- Glendale, CA
- Santa Clarita, CA
- Sunnyvale, CA
- Naperville, IL
- Cary, NC
- Thousand Oaks, CA
- Oxnard, CA
- Aurora, IL
- Huntington Beach, CA
- Thousand Oaks, CA Continue reading Santa Clarita Named Second Safest Mid-Sized City
Mortgage Credit Certificate Tax Credit Program can reduce potential tax liability.
There are many advantages to buying a home. From the security and satisfaction of owning your own property, to increased investment value in the form of equity, home ownership provides us with opportunities that go beyond just having “a place for our stuff.”
Many renters eventually realize they are paying money to a landlord or property manager every month without any kind of benefit, nor do they receive any kind of tax incentives as non home buyers.
One of the biggest draws for home buyers is the idea of being able to reduce their tax liability as a benefit of owning property. Credits and deductions can usually be taken for items such as paid property taxes (Check with your tax professional or accountant for a full list of homeowner deductions and credits). One of the most attractive tax “pluses” is the Mortgage Credit Certification Tax Credit. Continue reading Looking For a Tax Break? Buy a Home!
Positive signs continue to aid full recovery of the real estate market.
For the first time in five years, the average price of single family homes in the Santa Clarita Valley rose to $450,000, according to the Southland Regional Association of Realtors. And while condominium prices dropped slightly last month, condo sales volume reached the highest level since 2006. This is great news for anyone considering selling their home.
This news comes on the heels of other positive signs in the Santa Clarita Valley real estate market, including a drop in interest rates and a slight rise in available home inventory for sale, all good news for home buyers.
Short Sales and Bank-Owned Properties Dropping As Well
The number of Pre-Foreclosure Sales, or short sales, has also dropped dramatically in the Santa Clarita Valley. Where as recently as last year we saw short sales accounting for over 47 percent of overall real estate sales, in August of this year they stand at 18.7 percent. Bank Owned, or Real-Estate-Owned (REO) properties stood at slightly over 4 percent. Continue reading Santa Clarita Housing Prices At Pre-Recession Levels
Newhall Land & Farm’s newest master-planned community to begin pre-sales.
Since they broke ground on the first master-planned development in 1967, Newhall Land & Farming Company has continued to help maintain a great quality of life in the Santa Clarita Valley by providing homes and developing neighborhoods that have the entire family in mind.
That being said, their latest development, Villa Metro, offers a variety of family homes that will be situated near the best that Santa Clarita has to offer; including shopping, schools, and easy commuter access.
Featuring a total of 315 homes when completed, the neighborhoods of Villa Metro will be designed with contemporary Mediterranean-themed architecture and a small town vibe. Villa Metro is located off Gladding Way between Soledad Canyon and the Cross Valley Connector, which will give residents ease of access in and around Santa Clarita. It is also located near the Metrolink Train Station for those who wish to take advantage of its commuting opportunities. Continue reading Villa Metro Offers a Variety Of New Homes For Valencia Buyers
Santa Clarita unemployment rate drops .4% in April while housing prices continue to rise.
According to the State of California’s Employment Development Department, Santa Clarita’s unemployment rate dropped to 5.7% during the month of April 2013, down .4% from the previous month. Santa Clarita’s unemployment rate is 3.6% less than the rate for Los Angeles County, which has a 9.3% overall unemployment rate. The statewide unemployment rate dropped to 9% in April 2013, down .4% from the previous month.
Santa Clarita remains on firm economic ground.
According to city sources, Santa Clarita fared much better than surrounding communities in the wake of the so-called Great Recession, which hit businesses and homeowners alike beginning in late 2007, with much of its impact felt for several years thereafter. While many of Santa Clarita residents did feels the recession’s effects, the city remained on solid economic footing throughout.
Fortunately, the Santa Clarita Valley housing market has bounced back along with the employment numbers. Many homeowners are seeing growth in equity in their properties, and home sellers are experiencing multiple offers and selling their homes at or above listing price in many cases. Continue reading How Santa Clarita’s Unemployment Rate Drop Affects The SCV Real Estate Market
February Real Estate Sales Figures For The Santa Clarita Valley Show An Increase In Property Value For Single Family Homes
According to figures from the Santa Clarita Valley Economic Development Corporation and the Southland Regional Association of Realtors, the Santa Clarita Valley showed an average increase of 5% in single family home values during the month of February.
Median prices for single family homes rose to $379,000 in February from an average of $360,000 in January of this year. Condominium prices also rose slightly in February to an average of $220,000 from January 2013’s high of $206,700.
March Figures Show Agua Dulce At Top Of Pricing Index For Housing
The Southland Regional Association of Realtors reported housing sales figures for the month of March 2013. Valencia had the highest number of new listings at 90 and a median list price of $489,000; followed by Canyon Country with 82 new listings with $400,000 as its price median which is the lowest in the Santa Clarita Valley. Total figures for all of the Santa Clarita Valley for the month of March are as follows: Continue reading Santa Clarita Valley Home Prices Rise While Unemployment Drops
Homes are Selling in the Santa Clarita Valley
It’s true what they’re saying about the real estate market: A recovery is at hand. Higher consumer spending , receding unemployment figures, record stock closings as well as double digit jumps in real estate values in many parts of the country are all great signs of a brighter economic future.
After years of sagging sales and a bottoming out of property values due in large part to what’s now being referred to as the “Great Recession”, we’ve seen a big jump in the Santa Clarita housing numbers.
According to Trulia.com, the average price per square foot for Santa Clarita properties has increased slightly over 15% from the same time last year. Loan applications, which were soft at the beginning of this year, are gaining in volume as buyers come out in force to take advantage of the market with historically low interest rates. With this overall gain in property value, many homeowners once upside-down on their mortgage are once again seeing a return of equity. Continue reading Santa Clarita Real Estate Market Rebound in Full Swing