HOME SALES STILL STRONG BRIEF FEBRUARY LAG FAILS TO DIM DEMAND.Byline: Heather MacDonald 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, - Home sales dipped slightly during February 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. , but continued the record-setting pace that has caused prices 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. . The housing market has been red-hot for more than a year, fueled by the high demand for homes in the Santa Clarita Valley and record-low interest rates. ``Buyers are still very confident about the residential real estate market in Santa Clarita,'' said Tacie Jares, president of the Santa Clarita 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. Association of Realtors. Sales dropped 2.6 percent last month compared with a year ago - a surprisingly strong showing because February is typically a slow month because of bad weather and the 28-day calendar, Jares said. The February median price of a home was $335,000, down from $350,000 last month, but up 17.5 percent from a year ago, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the association. The median price of a 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. was $205,000, up 25 percent from a year ago, according to the association. Officials are concerned that the market could slow down if war erupts in Iraq or state lawmakers fail to come to grips with the massive state budget deficit, estimated between $26 billion and $35 billion. However, pending escrows, a measure of future sales, suggest the market will not cool anytime soon, officials said. ``The Santa Clarita market is so vibrant, so strong that it appears impervious im·per·vi·ous adj. 1. Incapable of being penetrated: a material impervious to water. 2. Incapable of being affected: impervious to fear. to acts of God, man or the economy,'' said Jim Link, the association's executive vice president. There were 737 homes listed for sale last month, which is less than a 2 1/2- month supply at the market's current pace. Realtors believe a five- or six- month inventory is needed to keep market forces in balance. ``Realtors throughout the valley are racing to keep up with demand, racing to find homes for sale,'' Jares said. ``Some real estate offices are selling five homes a day, but there are simply not enough properties listed for sale to sustain that level of activity.'' |
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