I wanted to give an update on what's going with the Santa Clarita Valley's real estate market as it relates to new construction.  I attended the VIP broker reception that Newhall Land had for the new West Creek development, which is located in North Valencia. West Creek is located just south of the Tesoro del Valle area of Valencia. It located close to the intersection of Copper Hill Dr and McBean Parkway. Valencia, West Creek, and Tesoro del Valle are communities within the Santa Clarita Valley.

At this time, Lennar, one of the leading residential developers in the USA, is releasing three residential developments in West Creek. They are: Artisan @ West Creek, Artenati @ West Creek, and Claridad @ West Creek.

Artisan @ West Creek offers three Townhomes from 1513 sq. ft. to 1997 sq. ft.

Artenati @ West Creek offers three Triplex Townhomes from 1384 sq. ft. to 1941 sq. ft.

Claridad @ West Creek offers four Townhomes from 1259 sq. ft. to 1512 sq. ft.

Homeowners Association Dues are approximately $250/month. In addition there is a Community Facilities District (CFD) of approximately $200 to $250/month.  While, the neighborhoods are very nice as is throughout all of Valencia, in my opinion, these high assessments are beginning to have a detrimental effect on market value. The complete pricing package is not available at this time. The prices that are available do not seem unreasonable, however, when you add in these additional monthly assessments it gets the payment up there. 

Michael V. Tagliere                                                         Flavio Castro, Jr
Managing Partner/Broker                                                Realtor®
office: 661.219.9110                                                      office: 661.219.9104
cell: 661.607.6464                                                         cell: 818.378.0899

http://www.thescvrealtor.com/