Buying and Renting in Santa Clarita

Wondering how the real estate market is in Santa Clarita? Over the past five years, the amount of homes sold and the prices they were sold at have dropped. Back in 2006, there were a median of around 500 homes sold at a median price of a half million dollars. Then in 2010, a median of 350 homes were sold at a median price of $350,000. The house-building industry has also suffered from the economy over the past couple of years. In 2006, there were 147 homes built at an average cost of $322,000. In 2009, there were 61 homes built at an average cost of $404,700 and in 2010, 98 homes were built at an average cost of $411,100. The median amount of real estate taxes paid for properties with a mortgage, as of 2009, was $4,021. For real estate taxes for properties without a mortgage in 2009, a median amount of $1,690 was paid.

In 2009, it was estimated that median house and condo values were $393,100. In 2000, that amount was$216,900. The state’s median condo and house value in 2009 was $384,200. The mean prices of all housing types in 2009 was $532,604. The mean prices for detached homes was $611,214. The mean prices for townhomes and other properties with attached units was $364,822. Those with two or more units ran between $263,399 and $353,620. In 2009, mobile homes had a mean price of $98,788 and occupied boats, vans and RVs had a mean price of $102,354 in 2009. In the same year, the median rental rate was $1,443.

There was an estimated 52,456 homes in Santa Clarita in 2009, and out of that amount, 50,685 were occupied. About 37,891 homes were owner occupied and 12,794 were renter occupied. The amount of renters in the city at this time was 25% of the population.  The states estimated amount of renters in 2009 was 43%. There is an estimated 1,097 houses and condos per square mile. Out of the vacant homes that were available for sale in 2009, the median price that was being asked was $361,782. The median contract rent in 2009 was $1,341 and the median rent that was being asked for vacant properties was $1,496.

In 2009, there were 169,174 people living in Santa Clarita. Males made up 83,713 of the population and women made up 85,461. The median household income in 2009 was $78,374; up from $66,717 in the year 2000. The state’s median household income was $58,931. The per capita estimate for the city in 2009 was $30,514.

With the help of a real estate agent or property manager, you will be able to locate a home for sale or rent in no time. There are a variety of realtors in the city that can assist you, and many of them have web sites with their listings available for viewing. You can also look up open houses on web sites like Zillow and Trulia. If you would rather deal with someone locally, which is recommended, you can consider going to Prudential California Realty, which is located in Santa Clarita. Another realtor in the area is Cindy Mason-Realty  Executives, which also showcases listings for homes in foreclosure. If you decide to use an Internet resource for finding a home, you can visit Craigslist, but just be careful of scammers, and never send money to someone you have never met, and for a property you have never seen. You can look up realtors and brokers online at the Better Business Bureau web site to read consumer reviews. Take a look at our California Consumer Protection page for tips.

If you’re the one doing the selling or renting, you can buy outfits from Loft for open house.