Patterson’s Collision Center – Banner
Newhall Land – 2015 – Banner
AV Party Rental – Banner
SCV Chinese School – Banner
Nothing Bundt Cakes – Banner
Disneyland – Diamond Celebration – Banner
IHOP – Banner
Santa Clarita Transit – Dump the Pump – Banner
Green Convergence – Sun Power – Banner
Newhall Land – Banner
All Americans Bail Bonds – Banner
Brent’s Carpet One – Banner
College Of The Canyons – Banner
Union Bank – Banner
San Diego Zoo – Generic – Banner
SCV Chinese School – Banner 3
SCV Senior Center – Touch A Truck 2015 – Banner
Action Family Counseling – Banner
Facey – Banner
Academy Swim Club – Banner
California High Speed Rail – Palmdale – Banner
Valencia Town Center – Farmer’s Market – Banner
Hugo Naturals – Banner
Beyond Harmony – Banner
SCV Chinese School – Banner 2
Galpin Motors – Banner
Adage IT – Banner
Simply Taylored – Banner
Santa Clarita Autosound – Banner
It is forecast to be Clear at 7:00 PM PDT on May 27, 2015
Home » Santa Clarita News » Santa Clarita Real Estate Expert Discusses Market Forces
Santa Clarita Real Estate Expert Discusses Market Forces

Santa Clarita Real Estate Expert Discusses Market Forces

The local real estate market is at a record-low for inventory, with a 1.4-month supply — creating prime conditions for selling a home, said Erika Kauzlarich-Bird, president of the Southland Regional Association of Realtors.

“Prices have definitely increased, and we’re just at our fourth consecutive low as far as houses coming on the market. We need inventory and that’s the bottom line,” Kauzlarich-Bird said.

“It’s definitely a seller’s market,” she added.

It certainly creates a more difficult situation for those looking at buying she said, but she also added that those thinking about “moving up,” might want to consider putting their home on the market

The scarcity of homes is also creating difficulty for the financing sector of the market, due to concerns over appraisals and price justifications, she added.

There also concerns over pending legislation that could take away the incentive for mortgage-interest deduction, that have spurred fears ranging from a negative impact on an already hurting market to the end of the real estate market as we know it, according to Kauzlarich-Bird.

Santa Clarita Valley home prices were flat in November as the resale price of the typical, previously owned home averaged $360,000 and the typical condominium sold for $197,000, according to Wednesday’s data from the Southland Regional Association of Realtors.

Home values haven’t moved appreciably over the last two  years, languishing at what appears to be the bottom of a multi-year cycle. Prices moved steadily upward until 2005-06 and then started to tumble.

November’s single-family home price was $20,000 better than the year-ago price of $340,000 but off markedly from November 2010′s median price of $415,000.

Few sellers are willing to take their chances, and inventory is at a record low. Just 267 single-family homes were listed for sale in November versus 723 in November 2011, while 65 condos were listed versus 316 a year ago. There were 10 percent fewer listings just in the last month.

For a podcast of the complete interview, check out our special broadcast section.

Click here for more information about the SRAR.

Santa Clarita Real Estate Expert Discusses Market Forces

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

About Perry Smith

Perry Smith is a print and broadcast journalist who has won several awards for his focused, hyperlocal community coverage in several different regions of the country. In addition to five years of experience covering the Santa Clarita Valley, Smith, a San Fernando Valley native, has worked in newspapers and news websites in Los Angeles, the Northwest, the Central Valley and the South, before coming to KHTS in 2012. To contact Smith, email him at
AV Party Rental – News Banner
Action Family Counseling – News Banner
Beyond Harmony – News Banner
College Of The Canyons – News Banner
All American Bail Bonds – News Banner
Academy Swim Club – News Banner
Hugo Naturals – News Banner
Beyond Harmony – Tile
College Of The Canyons – Tile
Galpin Motors – Tile
SCV Senior Center – Touch A Truck 2015 – Tile
Santa Clarita Autosound – Tile
Newhall Land – 2015 – Tile