The Siracusa Report:
Santa Clarita New Housing Market Trends

One of the most dynamic regions in Southern California is the fast growing Santa Clarita Valley, a major magnet for new housing and business growth, situated just north of the San Fernando Valley in north Los Angeles County.  Perhaps best known for the pioneering master-planned community of Valencia, a model of modern day suburban living, the Santa Clarita Valley is a key focus of innovative development across the real estate spectrum.

This report includes:

  • The Market In Perspective
  • Market Highlights
  • Overall Sales Activity
  • Sales Summary: Detached vs Attached
  • Sales By Square Footage
  • Sales By Bed/Bath
  • Pricing Trends
  • Sales By Price Range
  • Inventory Trends
  • Inventory Status
  • Sneak Preview of New Openings
  • Residential Building Permits
  • Active Project Summaries

20 Years of Continuous Monitoring

For more than 20 years, The Siracusa Company has been providing continuous quarterly audits for all active new home tracts in the Santa Clarita Valley community. This quarterly publication provides residential and commercial real estate developers, appraisers, lending institutions, real estate investment trusts, and others with accurate, up-to-date and objective information regarding housing development activity, pricing, sales, inventory, and other performance measures in this marketplace.

Historically, the Santa Clarita Valley grew as an assemblage of small, localized communities including Canyon Country, Castaic, Newhall, and Saugus. Beginning in the late 1950's, Newhall Land & Farming Company created the master-planned community of Valencia, which became a major stimulus for local real estate and economic growth. In the late 1980's Dale Poe Development Corp. initiated the Stevenson Ranch master-planned community, which further added to the breadth of this far-sighted region. To this day, each community has its own distinctive flavor and is treated as an individual submarket within our overall database. Our Canyon Country boundary area also includes Acton, a semi-rural enclave of country and equestrian living.

Learn More about the Market

The Santa Clarita Valley edition contains instructive tables and graphs, which illustrate specific components of the market, such as pricing and absorption trends, sales by plan and price range, sales by square footage range, and inventory levels. We further supplement the report with current and historical information on building permits and a section summarizing future projects, such as those under construction, but not yet open for sales and others which have a probability of starting in the months or year ahead.

Submarket
Areas

Active Projects

New Projects This Qtr

Total Net Sales

Sales Rate
Per Week
Per Project

Average Base Price

Unsold Inventory

Weeks of Inventory

Canyon Country/Acton

7

0

35

0.38

$544,685

60

22.29

Castaic

2

0

3

0.12

$444,600

4

17.33

Newhall

1

0

0

0.00

$0

6

0.00

Saugus

2

0

14

0.54

$600,424

11

10.21

Stevenson Ranch

0

0

0

0.00

$0

0

0.00

Valencia

7

0

43

0.47

$488,260

96

29.02

Santa Clarita Valley

19

0

95

0.38

$524,621

177

24.22

Frequency of Publication

The Santa Clarita edition is published four times a year in the months of February, May, August, and November. If you would like to purchase a single issue or an annual subscription, please download our order form.

 

Copyright © 2011 The Siracusa Company, All Rights Reserved