September Santa Clarita Real Estate Market Update

Number of Closed Sales in SCV ( August 1, 2007 - September 1, 2007):  304

Number of Closed Sales in SCV (past 30 Days, Aug. 1st - Sept. 1st): 343

Bottom Line:  The number of sales is increasing when compared to last year or even the last 8 months of 2008.

Average List Price ( August 1, 2007 - September 1, 2007): $564,560 - $311.85 per sq.ft.

Average List Price (past 30 Days, Aug. 1st - Sept. 1st): $429,849  - $233.65 per sq.ft.

Bottom Line:  The average list price has fallen $134,711 or 24%

Average Sales Price ( August 1, 2007 - September 1, 2007):  $552,428 -  $306.10 per sq.ft.

Average Sales Price (past 30 Days, Aug. 1st, 2008- Sept. 1st,2008):  $421,233  - $228.69 per sq.ft.

Bottom Line:  The average sales price has fallen $131,195 or 24%

* Since the stats I reported last month, Average Days on Market for Sold homes has dropped from 78 to 68 Days on Market which means homes continue to sell faster as our available housing inventory continues to decrease..

* Since my last stats, Average Sales Price has fallen from $458,081 to $421,233 which is $36,848 (another 9% drop in values).