Santa Clarita’s Home Sales Statistics for August 2007
Overview of Santa Clarita's home sales statistics for August 2007.
DataQuick’s August home sales statistics are in! There were some surprises in the Santa Clarita area home sales for August 2007, especially for Canyon Country.
Compared to Los Angeles County’s July numbers, there was a decrease in the total number of single-family homes sold county-wide at 4,444 homes sold in August vs 4,629 in July and 5,049 in May, with a huge 9.1% increase in the median price from August of the prior year. This median price for a single family home in Los Angeles County for August was even greater than the May numbers, which showed a 9% increase from May 2006.
The number of homes sold in Santa Clarita for August was 209, as compared to the July sales of 216, and to the May home sales of 186, for a 12% increase in homes sold from May to August.
Below is a table of the results for the Santa Clarita area by zip code. Remember that these are MEDIAN home prices, which means that half of the homes sold were above these prices, and half the homes sold were below these prices. These numbers are for single family homes only (no condos or townhomes). The percent change is from August 2006 to the current year’s numbers.
| Zip Code | # of Homes Sold | Median Price August ‘07 | % Change |
| 91351 | 18 | $519,000 | 2.8% |
| 91387 | 15 | $630,000 | 6.1% |
| 91321 | 13 | $536,000 | -13.2% |
| 91384 | 29 | $468,000 | -23.2% |
| 91350 | 36 | $528,000 | - 7.6% |
| 91390 | 18 | $725,000 | - 1.4% |
| 91381 | 15 | $938,000 | - 2.0% |
| 91354 | 27 | $540,000 | - 9.5% |
| 91355 | 38 | $600,000 | - 2.4% |
When the median price for an area goes down, this could mean that the current trend is for the lower priced homes to be selling more frequently than the higher priced homes in the area, and does not necessarily mean that home prices are declining overall.
This month, Canyon Country performed surprisingly well with an increase in the number of homes sold as well as an increase in the median home prices as compared to the August of 2006. Stevenson Ranch and Westridge home sales (zip code 91381) fell to a meager 15 homes compared to 32 homes in July, although the median price increased significantly to $938,000.
Here’s a quick look at August ‘07 median prices vs July, May, April and March ‘07 median prices:
| Zip Code | August ‘07 | July ‘07 | May ‘07 | April ‘07 | March ‘07 |
| 91351 | $519,000 | $485,000 | $494,000 | $499,000 | $523,000 |
| 91387 | $630,000 | $582,000 | $725,000 | $613,000 | $528,000 |
| 91321 | $536,000 | $530,000 | $673,000 | $544,000 | $510,000 |
| 91384 | $468,000 | $510,000 | $650,000 | $515,000 | $593,000 |
| 91350 | $528,000 | $548,000 | $548,000 | $513,000 | $526,000 |
| 91390 | $725,000 | $679,000 | $714,000 | $649,000 | $669,000 |
| 91381 | $938,000 | $850,000 | $813,000 | $814,000 | $830,000 |
| 91354 | $570,000 | $552,000 | $633,000 | $600,000 | $570,000 |
| 91355 | $600,000 | $570,000 | $569,000 | $563,000 | $600,000 |
On the foreclosure front, we’re definitely seeing more bank-owned (REO) properties and short sales than in prior months. While buying these homes takes a lot more patience and a better trained Realtor than a standard home purchase, those willing to ride the foreclosure roller coaster can often reap some big rewards. If you searching for foreclosures and short sales, click here to see all available foreclosure and short sale (preforeclosure) homes in the Santa Clarita area.
Sales statistics are only a starting point for determining how the real estate market is doing. If you’re thinking of buying or selling in the Santa Clarita area, you’ll need more detailed information in order to make an informed decision. Be sure to call Linda Slocum at 661.670.0349 or email her at Linda@SantaClaritaRealEstateBlog.com for more detailed market information and personalized home searches.
Looking for homes in the Santa Clarita area? Try our Neighborhood Home Searches to help find that perfect home!
Related Links
Santa Clarita Foreclosures and Short Sales
Foreclosure and short sale (preforeclosure) homes available for sale in the Santa Clarita area.
Santa Clarita Neighborhood Home Searches
Santa Clarita area home searches by neighborhood.
Know the facts before jumping into the foreclosure market!
Foreclosure Investing: Risky Business
Legal actions by prior owners, hidden liens and easements can spell disaster for small investors.
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