condo and townhome housing market update santa clarita cities

24
0$5.(7 83'$7( 3DULV ,QWHO 5HSRUWV ² &XUUHQW 5HDO (VWDWH 0DUNHW &RQGLWLRQV IRU &RQGRV 7RZQKRPHV ² 7UHQGV LQ 3ULFLQJ ² &XUUHQW /HYHOV RI 6XSSO\ DQG 'HPDQG ² 9DOXH 0HWULFV ² 5HSRUW IRU WKH ZHHN RI 0D\ ² 3UHVHQWHG E\ &RQQRU DQG 3DULV 0DF,YRU 5(0$; RI 6DQWD &ODULWD &$ 5(0$; RI 9DOHQFLD &$ 7KH 3DULV 7HDP ZZZ3DULVFRP UHPD[#SDULVFRP 9$/(1&,$ &$ 3RZHUHG E\ $OWRV 5HVHDUFK //& _ ZZZDOWRVUHVHDUFKFRP _ &RS\ULJKW $OWRV 5HVHDUFK //&

Upload: connor-t-macivor

Post on 14-Apr-2017

263 views

Category:

Real Estate


1 download

TRANSCRIPT

Page 1: Condo and townhome housing market update Santa Clarita Cities

0$5.(7�83'$7(3DULV����,QWHO�5HSRUWV

²�&XUUHQW�5HDO�(VWDWH�0DUNHW�&RQGLWLRQV�IRU�&RQGRV��7RZQKRPHV²�7UHQGV�LQ�3ULFLQJ²�&XUUHQW�/HYHOV�RI�6XSSO\�DQG�'HPDQG²�9DOXH�0HWULFV

²�5HSRUW�IRU�WKH�ZHHN�RI0D\���������

²�3UHVHQWHG�E\�&RQQRU�DQG�3DULV�0DF,YRU���5(0$;�RI�6DQWD�&ODULWD�&$5(0$;�RI�9DOHQFLD�&$���7KH�3DULV����7HDPZZZ�3DULV����FRP���UHPD[#SDULV����FRP������������

9$/(1&,$��&$

3RZHUHG�E\�$OWRV�5HVHDUFK�//&�_�ZZZ�DOWRVUHVHDUFK�FRP�_�&RS\ULJKW������������$OWRV�5HVHDUFK�//&

Page 2: Condo and townhome housing market update Santa Clarita Cities

0HGLDQ�/LVW�3ULFH

����

3HUFHQW�5HOLVWHG��UHVHW�'20�

����

���

���

0HGLDQ�1XPEHU�RI�%DWKURRPV

��

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG

�����

3HUFHQW�)OLS��SULFH�LQFUHDVHG�

0HGLDQ�+RXVH�6L]H��VT�IW�

���������

����

���

0DUNHW�$FWLRQ�,QGH[

0HGLDQ�1XPEHU�RI�%HGURRPV

$VNLQJ�3ULFH�3HU�6TXDUH�)RRW

���

3HUFHQW�RI�3URSHUWLHV�ZLWK�3ULFH�'HFUHDVH

6WURQJ�6HOOHUV

��

��

nn

r�

$OWRV�5HVHDUFK�9DOXH�6WDWLVWLFV

0RVW�([SHQVLYH�/LVWLQJ

$YHUDJH�'D\V�RQ�0DUNHW��'R0�

%RWWRP�)RXUWK

/RZHU�7KLUG

8SSHU�6HFRQG

7RS�)LUVW

7KLV�:HHN 5HDO�7LPH�0DUNHW�3URILOH 7UHQG

7KH�0DUNHW�$FWLRQ�,QGH[�DQVZHUV�WKH�TXHVWLRQ��+RZV�WKH�0DUNHW"��E\�PHDVXULQJWKH�FXUUHQW�UDWH�RI�VDOH�YHUVXV�WKH�DPRXQW�RI�WKH�LQYHQWRU\���,QGH[�DERYH���LPSOLHV�D�VHOOHUV�DGYDQWDJH��%HORZ�����FRQGLWLRQV�JLYH�WKH�DGYDQWDJH�WR�WKHEX\HU�

6XSSO\�DQG�'HPDQG

&KDUDFWHULVWLFV�SHU�4XDUWLOH

�� �����

����� ��

���

��

��� ��

��

��

���������

��

���

����

���

��

���������

���

��

���������

������������

��

����

,QYHQWRU\�LV�XS�DQG�0DUNHW�$FWLRQ�LVWUHQGLQJ�GRZQ�UHFHQWO\��:KLOH�GD\V�RQ�PDUNHW�DSSHDUV�WR�EH�WUHQGLQJORZHU��WKH�RYHUDOO�FRQGLWLRQV�DUHZHDNHQLQJ�D�ELW�

0RQGD\�0D\���������

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

��

����

���

7KH�PHGLDQ�OLVW�SULFH�LQ�9$/(1&,$��&$WKLV�ZHHN�LV�����������7KH���SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHWIRU�DQ�DYHUDJH�RI����GD\V�

0RVW�H[SHQVLYH�����RI�SURSHUWLHV

8SSHU�PLGGOH�����RI�SURSHUWLHV

/RZHU�PLGGOH�����RI�SURSHUWLHV

/HDVW�H[SHQVLYH�����RI�SURSHUWLHV

4XDUWLOH 0HGLDQ�3ULFH %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '206T��)W�

1R�FKDQJH

6WURQJ�XSZDUG�WUHQG 6WURQJ�GRZQZDUG�WUHQG

6OLJKW�XSZDUG�WUHQG 6OLJKW�GRZQZDUG�WUHQGr�

�� nn

n�

9$/(1&,$��&$&LW\�2YHUYLHZ

/HDVW�([SHQVLYH�/LVWLQJ

$YHUDJH�/LVW�3ULFH

$YHUDJH�$JH�RI�/LVWLQJ

��

���������

���������

���������

��

7UHQG�.H\�

,Q�WKH�ODVW�IHZ�ZHHNV�WKH�PDUNHW�KDVDFKLHYHG�D�UHODWLYH�VWDVLV�SRLQW�LQWHUPV�RI�VDOHV�WR�LQYHQWRU\�+RZHYHU��LQYHQWRU\�LV�VXIILFLHQWO\ORZ�WR�NHHS�XV�LQ�WKH�6HOOHUV�0DUNHW]RQH�VR�ZDWFK�FKDQJHV�LQ�WKH�0$,���,IWKH�PDUNHW�KHDWV�XS��SULFHV�DUHOLNHO\�WR�UHVXPH�DQ�XSZDUG�FOLPE�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 3: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0D\���������

0HGLDQ�3ULFH'HVSLWH�WKLV�ZHHNV�XS�WLF��WKH�PDUNHW�VHHPV�WR�KDYH�SDXVHG�DURXQG�WKLV�SODWHDX��7KH�0DUNHW�$FWLRQ�,QGH[�LV�D�JRRG�OHDGLQJLQGLFDWRU�IRU�WKH�GXUDELOLW\�RI�WKLV�VKLIW�

���GD\�$YHUDJH��GD\�$YHUDJH

4XDUWLOH�3ULFHV3ULFLQJ�DFURVV�PRVW�RI�WKH�PDUNHW�KDV�VWD\HG�UHODWLYHO\�VWURQJ�UHFHQWO\��:KLOH�4XDUWLOH���LV�EDVLFDOO\�IODW��DOO�RWKHU�VHJPHQWV�DUHLQ�DQ�XS�WUHQG�SHULRG��8QOHVV�WKH�0DUNHW�$FWLRQ�,QGH[�KDV�D�SHUVLVWHQW�GRZQZDUG�VKLIW��H[SHFW�WKDW�4XDUWLOH���ZLOO�DVVXPH�DVLPLODU�WUHQG�ZLWK�WKH�RWKHU�JURXSV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 4: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0D\���������

3ULFH�SHU�6TXDUH�)RRW7KH�YDOXH�SODFHG�RQ�KRPHV�FRQWLQXHV�WR�LQFUHDVH��GHVSLWH�WKH�IDFW�WKDW�SULFHV�LQ�JHQHUDO�KDYH�EHHQ�EDVLFDOO\�IODW��UHFHQWO\�7KHVH�FRQGLWLRQV�FDQ�DULVH�ZKHQ�LQYHQWRU\�LV�OLJKW�DQG�PRUH��VPDOOHU�KRPHV�KDYH�PRUH�LQIOXHQFH�RQ�RYHUDOO�SULFHV�

���GD\�$YHUDJH��GD\�$YHUDJH

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG�IRU�6DOH,QYHQWRU\�KDV�EHHQ�FOLPELQJ�ODWHO\��1RWH�WKDW�ULVLQJ�LQYHQWRU\�DORQH�GRHV�QRW�VLJQDO�D�ZHDNHQLQJ�PDUNHW��/RRN�WR�WKH�0DUNHW$FWLRQ�,QGH[�DQG�'D\V�RQ�0DUNHW�WUHQGV�WR�JDXJH�ZKHWKHU�EX\HU�LQWHUHVW�LV�NHHSLQJ�XS�ZLWK�DYDLODEOH�VXSSO\�

���GD\�$YHUDJH��GD\�$YHUDJH

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 5: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0D\���������

0DUNHW�$FWLRQ�,QGH[7KH�9$/(1&,$�PDUNHW�LV�FXUUHQWO\�TXLWH�VWURQJO\�LQ�WKH�6HOOHUV�$GYDQWDJH�]RQH��JUHDWHU�WKDQ������7KH����GD\�0DUNHW�$FWLRQ,QGH[�VWDQGV�DW��������LQGLFDWLQJ�YHU\�OLWWOH�VXSSO\�UHODWLYH�WR�WKH�GHPDQG�

%X\HUV�6HOOHUV�&XWRII���GD\�$YHUDJH

0DUNHW�$FWLRQ�,QGH[�SHU�4XDUWLOH1RW�VXUSULVLQJO\��DOO�VHJPHQWV�LQ�WKH�PDUNHW�DUH�VKRZLQJ�KLJK�OHYHOV�RI�GHPDQG��:DWFK�WKH�TXDUWLOHV�IRU�FKDQJHV�EHIRUH�WKHZKROH�PDUNHW�FKDQJHV��2IWHQ�RQH�HQG�RI�WKH�PDUNHW��H�J��WKH�KLJK�HQG��ZLOO�ZHDNHQ�EHIRUH�WKH�UHVW�RI�WKH�PDUNHW�DQG�VLJQDO�DVORZGRZQ�IRU�WKH�ZKROH�JURXS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

%X\HUV�6HOOHUV�&XWRII

5HVLGHQWLDO�KRXVH�SULFHV�DUH�D�IXQFWLRQ�RI�VXSSO\�DQG�GHPDQG��DQG�PDUNHW�FRQGLWLRQV�FDQ�EH�FKDUDFWHUL]HGE\�DQDO\]LQJ�WKRVH�IDFWRUV��:DWFK�WKLV�LQGH[�IRU�VXVWDLQHG�FKDQJHV��LI�WKH�LQGH[�IDOOV�LQWR�WKH�%X\HU·V$GYDQWDJH�]RQH��EHORZ�����IRU�D�ORQJ�SHULRG��SULFHV�DUH�OLNHO\�LQ�IRU�D�GRZQZDUG�FRUUHFWLRQ�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 6: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ9$/(1&,$��&$

0RQGD\�0D\���������

'D\V�RQ�0DUNHW7KH�SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHW�IRU�DQ�DYHUDJH�RI����GD\V��+DOI�RI�WKH�OLVWLQJV�KDYH�FRPH�QHZO\�RQ�WKH�PDUNHW�LQ�WKHSDVW����RU�VR�GD\V�

���GD\�$YHUDJH��GD\�$YHUDJH

'D\V�RQ�0DUNHW�SHU�4XDUWLOH,W�LV�QRW�XQFRPPRQ�IRU�WKH�KLJKHU�SULFHG�KRPHV�LQ�DQ�DUHD�WR�WDNH�ORQJHU�WR�VHOO�WKDQ�WKRVH�LQ�WKH�ORZHU�TXDUWLOHV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 7: Condo and townhome housing market update Santa Clarita Cities

0$5.(7�83'$7(3DULV����,QWHO�5HSRUWV

²�&XUUHQW�5HDO�(VWDWH�0DUNHW�&RQGLWLRQV�IRU�&RQGRV��7RZQKRPHV²�7UHQGV�LQ�3ULFLQJ²�&XUUHQW�/HYHOV�RI�6XSSO\�DQG�'HPDQG²�9DOXH�0HWULFV

²�5HSRUW�IRU�WKH�ZHHN�RI0D\���������

²�3UHVHQWHG�E\�&RQQRU�DQG�3DULV�0DF,YRU���5(0$;�RI�6DQWD�&ODULWD�&$5(0$;�RI�9DOHQFLD�&$���7KH�3DULV����7HDPZZZ�3DULV����FRP���UHPD[#SDULV����FRP������������

1(:+$//��&$

3RZHUHG�E\�$OWRV�5HVHDUFK�//&�_�ZZZ�DOWRVUHVHDUFK�FRP�_�&RS\ULJKW������������$OWRV�5HVHDUFK�//&

Page 8: Condo and townhome housing market update Santa Clarita Cities

0HGLDQ�/LVW�3ULFH

����

3HUFHQW�5HOLVWHG��UHVHW�'20�

����

���

���

0HGLDQ�1XPEHU�RI�%DWKURRPV

��

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG

�����

3HUFHQW�)OLS��SULFH�LQFUHDVHG�

0HGLDQ�+RXVH�6L]H��VT�IW�

���������

����

���

0DUNHW�$FWLRQ�,QGH[

0HGLDQ�1XPEHU�RI�%HGURRPV

$VNLQJ�3ULFH�3HU�6TXDUH�)RRW

���

3HUFHQW�RI�3URSHUWLHV�ZLWK�3ULFH�'HFUHDVH

6WURQJ�6HOOHUV

��

��

r�

r�

$OWRV�5HVHDUFK�9DOXH�6WDWLVWLFV

0RVW�([SHQVLYH�/LVWLQJ

$YHUDJH�'D\V�RQ�0DUNHW��'R0�

%RWWRP�)RXUWK

/RZHU�7KLUG

8SSHU�6HFRQG

7RS�)LUVW

7KLV�:HHN 5HDO�7LPH�0DUNHW�3URILOH 7UHQG

7KH�0DUNHW�$FWLRQ�,QGH[�DQVZHUV�WKH�TXHVWLRQ��+RZV�WKH�0DUNHW"��E\�PHDVXULQJWKH�FXUUHQW�UDWH�RI�VDOH�YHUVXV�WKH�DPRXQW�RI�WKH�LQYHQWRU\���,QGH[�DERYH���LPSOLHV�D�VHOOHUV�DGYDQWDJH��%HORZ�����FRQGLWLRQV�JLYH�WKH�DGYDQWDJH�WR�WKHEX\HU�

6XSSO\�DQG�'HPDQG

&KDUDFWHULVWLFV�SHU�4XDUWLOH

�� �����

������ ��

���

��

��� �

��

��

���������

���

����

���

���������

���

��

���������

������������

��

����

7KH�0DUNHW�$FWLRQ�,QGH[�KDV�EHHQWUHQGLQJ�GRZQ�ODWHO\��ZKLOH�LQYHQWRU\LV�FOLPELQJ��7KHVH�WUHQGV�LPSO\�DZHDNHQLQJ�PDUNHW�

0RQGD\�0D\���������

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

���

���

7KH�PHGLDQ�OLVW�SULFH�LQ�1(:+$//��&$WKLV�ZHHN�LV�����������7KH���SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHWIRU�DQ�DYHUDJH�RI����GD\V�

0RVW�H[SHQVLYH�����RI�SURSHUWLHV

8SSHU�PLGGOH�����RI�SURSHUWLHV

/RZHU�PLGGOH�����RI�SURSHUWLHV

/HDVW�H[SHQVLYH�����RI�SURSHUWLHV

4XDUWLOH 0HGLDQ�3ULFH %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '206T��)W�

1R�FKDQJH

6WURQJ�XSZDUG�WUHQG 6WURQJ�GRZQZDUG�WUHQG

6OLJKW�XSZDUG�WUHQG 6OLJKW�GRZQZDUG�WUHQGr�

�� nn

n�

1(:+$//��&$&LW\�2YHUYLHZ

/HDVW�([SHQVLYH�/LVWLQJ

$YHUDJH�/LVW�3ULFH

$YHUDJH�$JH�RI�/LVWLQJ

��

���������

���������

���������

��

7UHQG�.H\�

0DUNHW�FRQGLWLRQV�KDYH�UHFHQWO\UHVXPHG�WLJKWHQLQJ���$V�WKH�UDWH�RIKRPH�VDOHV�LQFUHDVHV�UHODWLYH�WR�WKHQXPEHU�RI�KRPHV�RQ�WKH�PDUNHW��WKH0DUNHW�$FWLRQ�,QGH[�LQFUHDVHV�(YHQ�WKRXJK�WKH�0$,�LV�WHFKQLFDOO\�LQWKH�6HOOHUV�]RQH��SULFHV�KDYH�QRW�\HWVWDUWHG�FOLPELQJ�DORQJ�ZLWK�WKHFKDQJHV�LQ�0DUNHW�$FWLRQ��EXW�H[SHFWWKHP�WR�GR�VR�LI�WKH�WUHQG�FRQWLQXHV�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 9: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ1(:+$//��&$

0RQGD\�0D\���������

0HGLDQ�3ULFH$JDLQ�WKLV�ZHHN�ZH�VHH�D�GRZQZDUG�QRWFK�IRU�SULFHV��3ULFLQJ�KDV�EHHQ�ZHDN�LQ�UHFHQW�ZHHNV�DQG�YHUVXV�WKHLU�DEVROXWH�KLJKOHYHO��7KH�0DUNHW�$FWLRQ�,QGH[�LV�D�JRRG�OHDGLQJ�LQGLFDWRU�IRU�WKH�GXUDELOLW\�RI�WKLV�WUHQG�

���GD\�$YHUDJH��GD\�$YHUDJH

4XDUWLOH�3ULFHV3ULFH�DW�WKH�XSSHU�HQG�RI�WKH�PDUNHW�DUH�VKRZLQJ�VLJQV�RI�VWUHQJWK��:KLOH�WKLV�VWUHQJWK�KDVQW�SHUFRODWHG�WKURXJK�WR�4XDUWLOHV��DQG���\HW��H[SHFW�WKH�ORZ�HQG�RI�WKH�PDUNHW�WR�IROORZ�XS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 10: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ1(:+$//��&$

0RQGD\�0D\���������

3ULFH�SHU�6TXDUH�)RRW'HVSLWH�UHFHQWO\�IDOOLQJ�SULFHV��WKH�SULFH�SHU�VTXDUH�IRRW�KDV�VWD\HG�UHDVRQDEO\�IODW���7KLV�LPSOLHV�WKDW�WKHUHV�D�SRUWLRQ�RI�WKHPDUNHW�EHLQJ�SULFHG�DW�D�SUHPLXP���<RX�FDQ�LQYHVWLJDWH�WKLV�FRQGLWLRQ�LQ�WKH�TXDUWLOH�GHWDLOV�

���GD\�$YHUDJH��GD\�$YHUDJH

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG�IRU�6DOH,QYHQWRU\�KDV�EHHQ�FOLPELQJ�ODWHO\��1RWH�WKDW�ULVLQJ�LQYHQWRU\�DORQH�GRHV�QRW�VLJQDO�D�ZHDNHQLQJ�PDUNHW��/RRN�WR�WKH�0DUNHW$FWLRQ�,QGH[�DQG�'D\V�RQ�0DUNHW�WUHQGV�WR�JDXJH�ZKHWKHU�EX\HU�LQWHUHVW�LV�NHHSLQJ�XS�ZLWK�DYDLODEOH�VXSSO\�

���GD\�$YHUDJH��GD\�$YHUDJH

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 11: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ1(:+$//��&$

0RQGD\�0D\���������

0DUNHW�$FWLRQ�,QGH[7KH�1(:+$//�PDUNHW�LV�FXUUHQWO\�TXLWH�VWURQJO\�LQ�WKH�6HOOHUV�$GYDQWDJH�]RQH��JUHDWHU�WKDQ������7KH����GD\�0DUNHW�$FWLRQ,QGH[�VWDQGV�DW��������LQGLFDWLQJ�YHU\�OLWWOH�VXSSO\�UHODWLYH�WR�WKH�GHPDQG�

%X\HUV�6HOOHUV�&XWRII���GD\�$YHUDJH

0DUNHW�$FWLRQ�,QGH[�SHU�4XDUWLOH1RW�VXUSULVLQJO\��DOO�VHJPHQWV�LQ�WKH�PDUNHW�DUH�VKRZLQJ�KLJK�OHYHOV�RI�GHPDQG��:DWFK�WKH�TXDUWLOHV�IRU�FKDQJHV�EHIRUH�WKHZKROH�PDUNHW�FKDQJHV��2IWHQ�RQH�HQG�RI�WKH�PDUNHW��H�J��WKH�KLJK�HQG��ZLOO�ZHDNHQ�EHIRUH�WKH�UHVW�RI�WKH�PDUNHW�DQG�VLJQDO�DVORZGRZQ�IRU�WKH�ZKROH�JURXS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

%X\HUV�6HOOHUV�&XWRII

5HVLGHQWLDO�KRXVH�SULFHV�DUH�D�IXQFWLRQ�RI�VXSSO\�DQG�GHPDQG��DQG�PDUNHW�FRQGLWLRQV�FDQ�EH�FKDUDFWHUL]HGE\�DQDO\]LQJ�WKRVH�IDFWRUV��:DWFK�WKLV�LQGH[�IRU�VXVWDLQHG�FKDQJHV��LI�WKH�LQGH[�IDOOV�LQWR�WKH�%X\HU·V$GYDQWDJH�]RQH��EHORZ�����IRU�D�ORQJ�SHULRG��SULFHV�DUH�OLNHO\�LQ�IRU�D�GRZQZDUG�FRUUHFWLRQ�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 12: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ1(:+$//��&$

0RQGD\�0D\���������

'D\V�RQ�0DUNHW7KH�SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHW�IRU�DQ�DYHUDJH�RI����GD\V��+DOI�RI�WKH�OLVWLQJV�KDYH�FRPH�QHZO\�RQ�WKH�PDUNHW�LQ�WKHSDVW����RU�VR�GD\V�

���GD\�$YHUDJH��GD\�$YHUDJH

'D\V�RQ�0DUNHW�SHU�4XDUWLOH,W�LV�QRW�XQFRPPRQ�IRU�WKH�KLJKHU�SULFHG�KRPHV�LQ�DQ�DUHD�WR�WDNH�ORQJHU�WR�VHOO�WKDQ�WKRVH�LQ�WKH�ORZHU�TXDUWLOHV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 13: Condo and townhome housing market update Santa Clarita Cities

0$5.(7�83'$7(3DULV����,QWHO�5HSRUWV

²�&XUUHQW�5HDO�(VWDWH�0DUNHW�&RQGLWLRQV�IRU�&RQGRV��7RZQKRPHV²�7UHQGV�LQ�3ULFLQJ²�&XUUHQW�/HYHOV�RI�6XSSO\�DQG�'HPDQG²�9DOXH�0HWULFV

²�5HSRUW�IRU�WKH�ZHHN�RI0D\���������

²�3UHVHQWHG�E\�&RQQRU�DQG�3DULV�0DF,YRU���5(0$;�RI�6DQWD�&ODULWD�&$5(0$;�RI�9DOHQFLD�&$���7KH�3DULV����7HDPZZZ�3DULV����FRP���UHPD[#SDULV����FRP������������

6$17$�&/$5,7$��&$

3RZHUHG�E\�$OWRV�5HVHDUFK�//&�_�ZZZ�DOWRVUHVHDUFK�FRP�_�&RS\ULJKW������������$OWRV�5HVHDUFK�//&

Page 14: Condo and townhome housing market update Santa Clarita Cities

0HGLDQ�/LVW�3ULFH

����

3HUFHQW�5HOLVWHG��UHVHW�'20�

����

���

���

0HGLDQ�1XPEHU�RI�%DWKURRPV

��

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG

�����

3HUFHQW�)OLS��SULFH�LQFUHDVHG�

0HGLDQ�+RXVH�6L]H��VT�IW�

���������

����

���

0DUNHW�$FWLRQ�,QGH[

0HGLDQ�1XPEHU�RI�%HGURRPV

$VNLQJ�3ULFH�3HU�6TXDUH�)RRW

���

3HUFHQW�RI�3URSHUWLHV�ZLWK�3ULFH�'HFUHDVH

6WURQJ�6HOOHUV

nn

r�

r�

n

��

$OWRV�5HVHDUFK�9DOXH�6WDWLVWLFV

0RVW�([SHQVLYH�/LVWLQJ

$YHUDJH�'D\V�RQ�0DUNHW��'R0�

%RWWRP�)RXUWK

/RZHU�7KLUG

8SSHU�6HFRQG

7RS�)LUVW

7KLV�:HHN 5HDO�7LPH�0DUNHW�3URILOH 7UHQG

7KH�0DUNHW�$FWLRQ�,QGH[�DQVZHUV�WKH�TXHVWLRQ��+RZV�WKH�0DUNHW"��E\�PHDVXULQJWKH�FXUUHQW�UDWH�RI�VDOH�YHUVXV�WKH�DPRXQW�RI�WKH�LQYHQWRU\���,QGH[�DERYH���LPSOLHV�D�VHOOHUV�DGYDQWDJH��%HORZ�����FRQGLWLRQV�JLYH�WKH�DGYDQWDJH�WR�WKHEX\HU�

6XSSO\�DQG�'HPDQG

&KDUDFWHULVWLFV�SHU�4XDUWLOH

� �����

����� ��

���

��

��� �

��

��

���������

���

����

����

���������

���

��

���������

������������

��

����

,QYHQWRU\�LV�WLJKWHQLQJ�DQG�GD\V�RQ�PDUNHW�LV�IDOOLQJ��%XW�GHPDQG�DVPHDVXUHG�E\�WKH�0DUNHW�$FWLRQ�,QGH[LV�DOVR�WUHQGLQJ�GRZQ��7KH�PDUNHW�LVQRW�JLYLQJ�VWURQJ�XS�RU�GRZQ�VLJQDOVIURP�WKHVH�GDWD�

0RQGD\�0D\���������

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

����

���

7KH�PHGLDQ�OLVW�SULFH�LQ�6$17$&/$5,7$��&$�WKLV�ZHHN�LV����������7KH����SURSHUWLHV�KDYH�EHHQ�RQ�WKHPDUNHW�IRU�DQ�DYHUDJH�RI����GD\V�

0RVW�H[SHQVLYH�����RI�SURSHUWLHV

8SSHU�PLGGOH�����RI�SURSHUWLHV

/RZHU�PLGGOH�����RI�SURSHUWLHV

/HDVW�H[SHQVLYH�����RI�SURSHUWLHV

4XDUWLOH 0HGLDQ�3ULFH %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '206T��)W�

1R�FKDQJH

6WURQJ�XSZDUG�WUHQG 6WURQJ�GRZQZDUG�WUHQG

6OLJKW�XSZDUG�WUHQG 6OLJKW�GRZQZDUG�WUHQGr�

�� nn

n�

6$17$�&/$5,7$��&$&LW\�2YHUYLHZ

/HDVW�([SHQVLYH�/LVWLQJ

$YHUDJH�/LVW�3ULFH

$YHUDJH�$JH�RI�/LVWLQJ

��

���������

���������

���������

��

7UHQG�.H\�

+RPH�VDOHV�FRQWLQXH�WR�RXWVWULSVXSSO\�DQG�WKH�0DUNHW�$FWLRQ�,QGH[KDV�EHHQ�PRYLQJ�KLJKHU�IRU�VHYHUDOZHHNV���7KLV�LV�D�6HOOHUV�PDUNHW�VRZDWFK�IRU�XSZDUG�SULFLQJ�SUHVVXUH�LQWKH�QHDU�IXWXUH�LI�WKH�WUHQGFRQWLQXHV�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 15: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ6$17$�&/$5,7$��&$

0RQGD\�0D\���������

0HGLDQ�3ULFH'HVSLWH�WKLV�ZHHNV�XS�WLF��WKH�PDUNHW�VHHPV�WR�KDYH�SDXVHG�DURXQG�WKLV�SODWHDX��7KH�0DUNHW�$FWLRQ�,QGH[�LV�D�JRRG�OHDGLQJLQGLFDWRU�IRU�WKH�GXUDELOLW\�RI�WKLV�VKLIW�

���GD\�$YHUDJH��GD\�$YHUDJH

4XDUWLOH�3ULFHV3ULFHV�KDYH�VHWWOHG�DW�D�SULFH�SODWHDX�DFURVV�WKH�ERDUG��3ULFHV�LQ�DOO�IRXU�TXDUWLOHV�DUH�EDVLFDOO\�PL[HG��/RRN�IRU�D�SHUVLVWHQW�VKLIW�XS�RU�GRZQ��LQ�WKH�0DUNHW�$FWLRQ�,QGH[�EHIRUH�SULFHV�PRYH�IURP�WKHVH�FXUUHQW�OHYHOV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 16: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ6$17$�&/$5,7$��&$

0RQGD\�0D\���������

3ULFH�SHU�6TXDUH�)RRW7KH�PDUNHW�SODWHDX�LV�VHHQ�DFURVV�WKH�SULFH�DQG�YDOXH��7KH�SULFH�SHU�VTXDUH�IRRW�DQG�PHGLDQ�OLVW�SULFH�KDYH�ERWK�EHHQUHDVRQDEO\�VWDJQDQW��:DWFK�WKH�0DUNHW�$FWLRQ�,QGH[�IRU�SHUVLVWHQW�FKDQJHV�DV�D�OHDGLQJ�LQGLFDWRU�EHIRUH�WKH�PDUNHW�PRYHV�IURPWKHVH�OHYHOV�

���GD\�$YHUDJH��GD\�$YHUDJH

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG�IRU�6DOH,QYHQWRU\�KDV�EHHQ�IDOOLQJ�LQ�UHFHQW�ZHHNV��1RWH�WKDW�GHFOLQLQJ�LQYHQWRU\�DORQH�GRHV�QRW�VLJQDO�D�VWUHQJWKHQLQJ�PDUNHW��/RRN�WRWKH�0DUNHW�$FWLRQ�,QGH[�DQG�'D\V�RQ�0DUNHW�WUHQGV�WR�JDXJH�ZKHWKHU�EX\HU�LQWHUHVW�LV�FKDQJLQJ�ZLWK�WKH�DYDLODEOH�VXSSO\�

���GD\�$YHUDJH��GD\�$YHUDJH

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 17: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ6$17$�&/$5,7$��&$

0RQGD\�0D\���������

0DUNHW�$FWLRQ�,QGH[7KH�6$17$�&/$5,7$�PDUNHW�LV�FXUUHQWO\�TXLWH�VWURQJO\�LQ�WKH�6HOOHUV�$GYDQWDJH�]RQH��JUHDWHU�WKDQ������7KH����GD\�0DUNHW$FWLRQ�,QGH[�VWDQGV�DW��������LQGLFDWLQJ�YHU\�OLWWOH�VXSSO\�UHODWLYH�WR�WKH�GHPDQG�

%X\HUV�6HOOHUV�&XWRII���GD\�$YHUDJH

0DUNHW�$FWLRQ�,QGH[�SHU�4XDUWLOH1RW�VXUSULVLQJO\��DOO�VHJPHQWV�LQ�WKH�PDUNHW�DUH�VKRZLQJ�KLJK�OHYHOV�RI�GHPDQG��:DWFK�WKH�TXDUWLOHV�IRU�FKDQJHV�EHIRUH�WKHZKROH�PDUNHW�FKDQJHV��2IWHQ�RQH�HQG�RI�WKH�PDUNHW��H�J��WKH�KLJK�HQG��ZLOO�ZHDNHQ�EHIRUH�WKH�UHVW�RI�WKH�PDUNHW�DQG�VLJQDO�DVORZGRZQ�IRU�WKH�ZKROH�JURXS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

%X\HUV�6HOOHUV�&XWRII

5HVLGHQWLDO�KRXVH�SULFHV�DUH�D�IXQFWLRQ�RI�VXSSO\�DQG�GHPDQG��DQG�PDUNHW�FRQGLWLRQV�FDQ�EH�FKDUDFWHUL]HGE\�DQDO\]LQJ�WKRVH�IDFWRUV��:DWFK�WKLV�LQGH[�IRU�VXVWDLQHG�FKDQJHV��LI�WKH�LQGH[�IDOOV�LQWR�WKH�%X\HU·V$GYDQWDJH�]RQH��EHORZ�����IRU�D�ORQJ�SHULRG��SULFHV�DUH�OLNHO\�LQ�IRU�D�GRZQZDUG�FRUUHFWLRQ�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 18: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ6$17$�&/$5,7$��&$

0RQGD\�0D\���������

'D\V�RQ�0DUNHW7KH�SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHW�IRU�DQ�DYHUDJH�RI����GD\V��+DOI�RI�WKH�OLVWLQJV�KDYH�FRPH�QHZO\�RQ�WKH�PDUNHW�LQ�WKHSDVW����RU�VR�GD\V�

���GD\�$YHUDJH��GD\�$YHUDJH

'D\V�RQ�0DUNHW�SHU�4XDUWLOH,W�LV�QRW�XQFRPPRQ�IRU�WKH�KLJKHU�SULFHG�KRPHV�LQ�DQ�DUHD�WR�WDNH�ORQJHU�WR�VHOO�WKDQ�WKRVH�LQ�WKH�ORZHU�TXDUWLOHV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 19: Condo and townhome housing market update Santa Clarita Cities

0$5.(7�83'$7(3DULV����,QWHO�5HSRUWV

²�&XUUHQW�5HDO�(VWDWH�0DUNHW�&RQGLWLRQV�IRU�&RQGRV��7RZQKRPHV²�7UHQGV�LQ�3ULFLQJ²�&XUUHQW�/HYHOV�RI�6XSSO\�DQG�'HPDQG²�9DOXH�0HWULFV

²�5HSRUW�IRU�WKH�ZHHN�RI0D\���������

²�3UHVHQWHG�E\�&RQQRU�DQG�3DULV�0DF,YRU���5(0$;�RI�6DQWD�&ODULWD�&$5(0$;�RI�9DOHQFLD�&$���7KH�3DULV����7HDPZZZ�3DULV����FRP���UHPD[#SDULV����FRP������������

&$1<21�&28175<��&$

3RZHUHG�E\�$OWRV�5HVHDUFK�//&�_�ZZZ�DOWRVUHVHDUFK�FRP�_�&RS\ULJKW������������$OWRV�5HVHDUFK�//&

Page 20: Condo and townhome housing market update Santa Clarita Cities

0HGLDQ�/LVW�3ULFH

����

3HUFHQW�5HOLVWHG��UHVHW�'20�

����

���

���

0HGLDQ�1XPEHU�RI�%DWKURRPV

��

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG

�����

3HUFHQW�)OLS��SULFH�LQFUHDVHG�

0HGLDQ�+RXVH�6L]H��VT�IW�

���������

����

���

0DUNHW�$FWLRQ�,QGH[

0HGLDQ�1XPEHU�RI�%HGURRPV

$VNLQJ�3ULFH�3HU�6TXDUH�)RRW

����

3HUFHQW�RI�3URSHUWLHV�ZLWK�3ULFH�'HFUHDVH

6WURQJ�6HOOHUV

n

r�

��

r�

nn

$OWRV�5HVHDUFK�9DOXH�6WDWLVWLFV

0RVW�([SHQVLYH�/LVWLQJ

$YHUDJH�'D\V�RQ�0DUNHW��'R0�

%RWWRP�)RXUWK

/RZHU�7KLUG

8SSHU�6HFRQG

7RS�)LUVW

7KLV�:HHN 5HDO�7LPH�0DUNHW�3URILOH 7UHQG

7KH�0DUNHW�$FWLRQ�,QGH[�DQVZHUV�WKH�TXHVWLRQ��+RZV�WKH�0DUNHW"��E\�PHDVXULQJWKH�FXUUHQW�UDWH�RI�VDOH�YHUVXV�WKH�DPRXQW�RI�WKH�LQYHQWRU\���,QGH[�DERYH���LPSOLHV�D�VHOOHUV�DGYDQWDJH��%HORZ�����FRQGLWLRQV�JLYH�WKH�DGYDQWDJH�WR�WKHEX\HU�

6XSSO\�DQG�'HPDQG

&KDUDFWHULVWLFV�SHU�4XDUWLOH

�� �����

����� ��

���

��

��� ��

��

��

���������

��

���

����

���

��

���������

���

��

���������

������������

��

����

,QYHQWRU\�KDV�EHHQ�OLJKWHQLQJ�ODWHO\DQG�WKH�0DUNHW�$FWLRQ�,QGH[�KDV�EHHQWUHQGLQJ�XS��7KHVH�DUH�PLOGO\�SRVLWLYHLQGLFDWLRQV�IRU�WKH�PDUNHW�

0RQGD\�0D\���������

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

��

���

���

7KH�PHGLDQ�OLVW�SULFH�LQ�&$1<21&28175<��&$�WKLV�ZHHN�LV����������7KH����SURSHUWLHV�KDYH�EHHQ�RQ�WKHPDUNHW�IRU�DQ�DYHUDJH�RI����GD\V�

0RVW�H[SHQVLYH�����RI�SURSHUWLHV

8SSHU�PLGGOH�����RI�SURSHUWLHV

/RZHU�PLGGOH�����RI�SURSHUWLHV

/HDVW�H[SHQVLYH�����RI�SURSHUWLHV

4XDUWLOH 0HGLDQ�3ULFH %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '206T��)W�

1R�FKDQJH

6WURQJ�XSZDUG�WUHQG 6WURQJ�GRZQZDUG�WUHQG

6OLJKW�XSZDUG�WUHQG 6OLJKW�GRZQZDUG�WUHQGr�

�� nn

n�

&$1<21&28175<��&$

&LW\�2YHUYLHZ

/HDVW�([SHQVLYH�/LVWLQJ

$YHUDJH�/LVW�3ULFH

$YHUDJH�$JH�RI�/LVWLQJ

��

���������

���������

���������

��

7UHQG�.H\�

7KH�PDUNHW�KDV�EHHQ�FRROLQJ�RII�DELW�LQ�UHFHQW�ZHHNV��DV�PRUH�KRPHVDUH�DYDLODEOH�DQG�GHPDQG�LV�OHVV�+RZHYHU��WKH�PDUNHW�LV�VWLOO�QRWDEO\LQ�WKH�6HOOHUV�]RQH�VR�ZH�KDYHQW�\HWVHHQ�SULFHV�PRYH�ORZHU�DV�D�UHVXOW�,W�PD\�WDNH�D�IHZ�PRUH�ZHHNV�RIVODFN�GHPDQG�IRU�SULFHV�WR�UHIOHFWDQG�EHJLQ�WR�IDOO���([SHFW�WKLVFRQGLWLRQ�LI�WKH�LQGH[�IDOOV�WR�WKH%X\HUV�]RQH�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 21: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ&$1<21

&28175<��&$

0RQGD\�0D\���������

0HGLDQ�3ULFH3ULFHV�DUH�FOLPELQJ�DQG�ZHUH�QHDULQJ�WKH�PDUNHWV�DOO�WLPH�KLJK�VR�ZDWFK�WKH�0DUNHW�$FWLRQ�,QGH[�DV�DQ�LQGLFDWRU�RI�KRZ�ORQJWKLV�WUHQG�ZLOO�ODVW�

���GD\�$YHUDJH��GD\�$YHUDJH

4XDUWLOH�3ULFHV3ULFHV�KDYH�VHWWOHG�DW�D�SULFH�SODWHDX�DFURVV�WKH�ERDUG��3ULFHV�LQ�DOO�IRXU�TXDUWLOHV�DUH�EDVLFDOO\�PL[HG��/RRN�IRU�D�SHUVLVWHQW�VKLIW�XS�RU�GRZQ��LQ�WKH�0DUNHW�$FWLRQ�,QGH[�EHIRUH�SULFHV�PRYH�IURP�WKHVH�FXUUHQW�OHYHOV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 22: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ&$1<21

&28175<��&$

0RQGD\�0D\���������

3ULFH�SHU�6TXDUH�)RRW7KH�SULFH�SHU�VTXDUH�IRRW�LV�LQFUHDVLQJ�IDLUO\�FRQVLVWHQWO\�UHFHQWO\�GHVSLWH�WKH�IDFW�WKDW�RYHUDOO�SULFH�WUHQGV�KDYHQW�VKRZQ�DFRQVLVWHQW�XSZDUGO\�SXVK��7KLV�FDQ�LPSO\�WKDW�LQYHVWPHQW�FRQGLWLRQV�DUH�RSSRUWXQLVWLF��:DWFK�WKH�5HPRGHO�,QGH[�IRU�D�PRUHGHWDLOHG�DQDO\VLV�RI�WKH�LQYHVWPHQW�RSSRUWXQLW\�LQ�WKH�DUHD�

���GD\�$YHUDJH��GD\�$YHUDJH

,QYHQWRU\�RI�3URSHUWLHV�/LVWHG�IRU�6DOH,QYHQWRU\�KDV�EHHQ�IDOOLQJ�LQ�UHFHQW�ZHHNV��1RWH�WKDW�GHFOLQLQJ�LQYHQWRU\�DORQH�GRHV�QRW�VLJQDO�D�VWUHQJWKHQLQJ�PDUNHW��/RRN�WRWKH�0DUNHW�$FWLRQ�,QGH[�DQG�'D\V�RQ�0DUNHW�WUHQGV�WR�JDXJH�ZKHWKHU�EX\HU�LQWHUHVW�LV�FKDQJLQJ�ZLWK�WKH�DYDLODEOH�VXSSO\�

���GD\�$YHUDJH��GD\�$YHUDJH

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 23: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ&$1<21

&28175<��&$

0RQGD\�0D\���������

0DUNHW�$FWLRQ�,QGH[7KH�&$1<21�&28175<�PDUNHW�LV�FXUUHQWO\�TXLWH�VWURQJO\�LQ�WKH�6HOOHUV�$GYDQWDJH�]RQH��JUHDWHU�WKDQ������7KH����GD\�0DUNHW$FWLRQ�,QGH[�VWDQGV�DW��������LQGLFDWLQJ�YHU\�OLWWOH�VXSSO\�UHODWLYH�WR�WKH�GHPDQG�

%X\HUV�6HOOHUV�&XWRII���GD\�$YHUDJH

0DUNHW�$FWLRQ�,QGH[�SHU�4XDUWLOH1RW�VXUSULVLQJO\��DOO�VHJPHQWV�LQ�WKH�PDUNHW�DUH�VKRZLQJ�KLJK�OHYHOV�RI�GHPDQG��:DWFK�WKH�TXDUWLOHV�IRU�FKDQJHV�EHIRUH�WKHZKROH�PDUNHW�FKDQJHV��2IWHQ�RQH�HQG�RI�WKH�PDUNHW��H�J��WKH�KLJK�HQG��ZLOO�ZHDNHQ�EHIRUH�WKH�UHVW�RI�WKH�PDUNHW�DQG�VLJQDO�DVORZGRZQ�IRU�WKH�ZKROH�JURXS�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

%X\HUV�6HOOHUV�&XWRII

5HVLGHQWLDO�KRXVH�SULFHV�DUH�D�IXQFWLRQ�RI�VXSSO\�DQG�GHPDQG��DQG�PDUNHW�FRQGLWLRQV�FDQ�EH�FKDUDFWHUL]HGE\�DQDO\]LQJ�WKRVH�IDFWRUV��:DWFK�WKLV�LQGH[�IRU�VXVWDLQHG�FKDQJHV��LI�WKH�LQGH[�IDOOV�LQWR�WKH�%X\HU·V$GYDQWDJH�]RQH��EHORZ�����IRU�D�ORQJ�SHULRG��SULFHV�DUH�OLNHO\�LQ�IRU�D�GRZQZDUG�FRUUHFWLRQ�

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ

Page 24: Condo and townhome housing market update Santa Clarita Cities

7KH�3DULV����7HDP�_�ZZZ�3DULV����FRP�_�������������

&LW\�2YHUYLHZ&$1<21

&28175<��&$

0RQGD\�0D\���������

'D\V�RQ�0DUNHW7KH�SURSHUWLHV�KDYH�EHHQ�RQ�WKH�PDUNHW�IRU�DQ�DYHUDJH�RI����GD\V��+DOI�RI�WKH�OLVWLQJV�KDYH�FRPH�QHZO\�RQ�WKH�PDUNHW�LQ�WKHSDVW����RU�VR�GD\V�

���GD\�$YHUDJH��GD\�$YHUDJH

'D\V�RQ�0DUNHW�SHU�4XDUWLOH,W�LV�QRW�XQFRPPRQ�IRU�WKH�KLJKHU�SULFHG�KRPHV�LQ�DQ�DUHD�WR�WDNH�ORQJHU�WR�VHOO�WKDQ�WKRVH�LQ�WKH�ORZHU�TXDUWLOHV�

)LUVW�7RS 6HFRQG�8SSHU 7KLUG�/RZHU )RXUWK�%RWWRP

3DJH���RI ��

&RQGRV��7RZQKRPHV�LQ