RealtyTrac finds gas leak has negatively impacted Porter Ranch’s home sales market

In the wake of the late October 2015 Porter Ranch gas leak, which sent nearly 100,000 metric tons of methane into the atmosphere, several area real estate agents cited that minimal buyers were searching “Porter Ranch” or its ZIP code online. These sent…

Santa Clarita Valley home prices to plateau this year says Southland Regional Association of Realtors

Santa Clarita Valley single-family home prices rose by more than 8 percent year-over-year in February; however, on a month-to-month basis values were unchanged – backing up the forecast that price growth will moderate in the market this year.

M. Dean …

San Fernando Valley inventory expected to stall this year

You’d think sluggish existing home sales activity would benefit a market’s inventory, but in the San Fernando Valley that’s not the case. During the first two months of this year, 652 existing single-family homes sold in the valley, a slight decline fr…

Santa Clarita Valley lack of inventory giving homebuilders a boost

Within the Santa Clarita Valley it appears right now is a good time to be a homebuilder. A glaring reason why, the median price of an existing single-family home is equivalent or higher than some “bottom-end” newly-built homes, which start in the $500,…

New home price peaks in store for the San Fernando Valley

While the Southland Association of Realtors (SRAR) recently stated that median home prices in the San Fernando Valley have hit a temporary plateau; declining supply, high demand and recent month-over-month price growth indicate new price peaks may be r…

Santa Clarita Valley home sales activity reached a 9-year high in during 2015, says Southland Regional Association of Realtors

Last year represented the best 12-month period for Santa Clarita Valley home sales and values since 2006 and 2007, respectively. According to the Southland Regional Association of Realtors (SRAR), a total of 2,451 single-family homes sold in Santa Clar…

San Fernando Valley real estate marks record year, says Southland Regional Association of Realtors (SRAR)

The San Fernando Valley real estate industry is coming off a banner year. Existing single-family home prices rose by nearly 7 percent and the volume of closed sales (6,108 homes) reached its highest tally in five years …

Gas leak puts a damper on health of local housing market

The housing market in the San Fernando community of Porter Ranch is bracing for tough times following a nearby gas leak that has yet to be plugged. With residents calling for a state of emergency declaration from Governor Jerry Brown, its hard to belie…

LA submarket harvests gains prior to winter

The San Fernando Valley submarket entered its seasonal slowdown in a much better position than a year ago. According to the Southland Regional Association of Realtors, during October the median price of a single-family home was $562,000 – up 7.9 percen…

Santa Clarita descends from its peak

The northern Los Angeles submarket of Santa Clarita Valley is unlikely to see a rise in home sales activity or median prices during the coming months. The market, which primarily includes the city of Santa Clarita – population 213,000 – has seen sales …