Home Sales Brisk in Northern Valleys
Both single-family houses and condominiums are selling at a “very good” pace in the Santa Clarita-Antelope valleys in northern Los Angeles County, according to a report issued by Roulac & Co.
A total of 1,616 new dwelling units were sold in the first quarter of this year, with builders averaging 1.37 sales a week in each development during the period, according to Diane Wilson, Southern California sales manager for the San Francisco-based firm.
She added that recent information indicates that single-family houses and condominiums are selling much faster in the second quarter and builders are rapidly running out of product.
A breakdown of the first-quarter sales figures shows that 1,437 new single-family houses were sold in the 82 projects in the region, with a weekly sales rate of 1.35. The median sales price was $96,201.
Attached units are selling at a rate of 1.53 a week per active development, Wilson said. There are only nine projects selling this product type in the region, but they totaled “a very impressive” 179 sales for the quarter. The median sales price was $81,290.
“Canyon Country was the most active sub-market in the region, with 185 sales of detached houses and 77 sales of attached houses,” she added.
Roulac is a real estate research company that recently acquired Comarc System’s publication, the Residential Housing Survey. This is a quarterly survey of new housing developments in several areas of California.