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HOME PRICES HIT RECORD SANTA CLARITA SALES ALSO BRISK DESPITE SLOW ECONOMY.


Byline: Kathleen Sweeney Sweeney

in poems by T. S. Eliot, symbolizes the sensual, brutal, and materialistic 20th-century man. [Br. Poetry, Benét, 978]

See : Virility
  Staff Writer

SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country,  - The average home price in Santa Clarita reached a record high last month as sales continue to soar SOAR - 1. State, Operator And Result. A general problem-solving production system architecture, intended as a model of human intelligence. Developed by A. Newell in the early 1980s. SOAR was originally implemented in Lisp and OPS5 and is currently implemented in Common Lisp.  despite an economic slowdown For articles with similar titles, see Slow Down (disambiguation).
A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties.
, the Southland south·land or South·land  
n.
A region in the south of a country or an area.



southland·er n.

Noun 1.
 Regional Association of Realtors announced Monday.

The median price of single-family homes reached $260,000 in March, up 6.6 percent from a year ago and 5.3 percent higher than February. The median condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 cost was $143,000, an increase of 7.5 percent from last year and 1.4 percent from February.

``This market is awesome because it's good for everybody,'' said Nancy Troxell, president of the Realtor association's Santa Clarita division. ``Buyers are happy because interest rates are low and sellers are happy because prices are strong.''

The price of single-family homes, which is an average of 1,300 square feet, has gradually reached a record high, Troxell said. The price increased by $16,000 during the past year, but it's not a dramatic increase as seen during the late 1980s when prices jumped by $50,000 within weeks.

``It's still very affordable here,'' she said. ``We have room to grow and out here your dollar still goes a lot further and you get a community to go with it.''

Sale of single-family homes and condominiums rose more than 35 percent in March compared with last year, and the association statistics predict sales will increase in coming months.

Pending escrows also rose more than 123 percent compared with last year and jumped 27 percent ahead of February. Closing escrows in March were 249 single-family homes - a record high for the month - and 139 condominiums, which was 20 percent ahead of a year ago and up 67 percent from February.

Condominium sales could show signs of slowing because of diminishing di·min·ish  
v. di·min·ished, di·min·ish·ing, di·min·ish·es

v.tr.
1.
a. To make smaller or less or to cause to appear so.

b.
 inventory. The single-family homes inventory is also tight, but there are more than 800 active listings.

``There isn't any negative signs out there that things will change,'' Troxell said.

CAPTION(S):

chart

Chart:

HOMES SALES

Following shows the steady rise in local home sale prices, recorded in March and September, from 1998-2001.
COPYRIGHT 2001 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Article Type:Statistical Data Included
Date:Apr 24, 2001
Words:345
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