HOME PRICES UP, SALES DIP MEDIAN HITS RECORD; BUYERS GET BREAK.Byline: Amy Raisin raisin, in botany and cooking raisin, dried fruit of certain varieties of grapevines bearing grapes with a high content of sugar and solid flesh. Although the fruit is sometimes artificially dehydrated, it is usually sun-dried. Darvish 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 median price of a single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. home in the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. hit an all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high last month, but a decrease in home sales from July July: see month. indicates a slight chilling in the red-hot seller's market. There was a nearly 11 percent dip in the number of homes sold in August over July sales, but the $510,000 median price for single-family homes set a record and surpassed by more than 27 percent the median price recorded at this time last year. ``Buyers are finally getting a little room to negotiate, a little more time to house-hunt,'' said Doreen Chastain, president of the Santa Clarita Valley division of the Southland south·land or South·land n. A region in the south of a country or an area. south  land·er n.Noun 1. Regional Association of Realtors. ``The incredibly mad seller's market of the last three years is definitely gone.'' Chastain said there are fewer multiple offers on available homes and fewer offers being made above the listing price, which means homes are not selling as quickly. This allows buyers more time and forces sellers to be more realistic. A total of 315 homes sold in Santa Clarita last month, down 21 percent from last August's totals. The sales of 143 condominiums in August were two shy of July's total and fell more than 15 percent from the previous year. It was the increase of listed homes, however, that illustrated buyers' resistance to rising home prices. The 1,356 active listings last month was up 81 percent from a year ago and jumped more than 20 percent over July totals. ``There are still plenty of buyers out there, but now they hold out for what they want and, in most cases, they are finding it,'' Chastain said. ``Prices are still rising because there simply are not enough homes available throughout the region. But offers over list price are rare and homes that once would have sold overnight now take 30 or 60 days to sell.'' Last month's median sales price of $510,000 for single-family homes marked only the second time on record that the monthly median surpassed the $500,000 mark. The median price in June was $502,000. Amy Raisin Darvish, (661) 257-5254 amy.raisin(at)dailynews.com |
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