HOUSING SALE NUMBERS CONTINUING TO SET RECORDS MEDIAN PRICE FOR SANTA CLARITA NEARING HALF-MILLION MARK.Byline: Nicholas Grudin 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 home in Santa Clarita rose $5,000 from July to August, continuing a sizzling siz·zle intr.v. siz·zled, siz·zling, siz·zles 1. To make the hissing sound characteristic of frying fat. 2. To seethe with anger or indignation. 3. , record-breaking summer for the region's real estate market. In August, housing prices reached a monthly record high for the third straight month, with the median cost of a home verging on $400,000. ``People can no longer consider Santa Clarita a place to go to find inexpensive housing - Santa Clarita has matured into a very desirable community that people want to live in,'' said Jim Link, executive vice president for 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. Since the beginning of the summer, the median cost of a home rose from $355,000 in May to $399,900 in August, an 11 percent leap. In the past six years, median prices for houses and condominiums have more than doubled, with record highs each of the last three months. Real estate officials attribute the sustained rise to the fact that Santa Clarita is one of the last unsaturated unsaturated /un·sat·u·rat·ed/ (un-sach´ur-at?ed) 1. not holding all of a solute which can be held in solution by the solvent. 2. denoting compounds in which two or more atoms are united by double or triple bonds. housing markets within commuting distance of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. job base, which places heavy demand on the area's limited housing market. ``It's the last horizon,'' said Tacie Jares, president of the Santa Clarita branch of the California Realtors Association. ``I listed a condo at 10:30 the other morning, and, by 10:45, there were six appointments.'' The median price of a home rose from $395,000 in July to $399,900 in August, up from a 2002 average cost of $312,000. The median price for condominiums dipped slightly from July to August, going from $251,400 to $249,000, still more than $50,000 more than a year ago. ``What are we, the new Marin County?'' Jares said. ``That's what I think Santa Clarita is - I don't see it slowing.'' However, the summer's pricing gains have been slowing since June. From May to June, there was a $25,000 spike A burst of extra voltage in a power line that lasts only a few nanoseconds. See power surge, power swell, sag and surge suppression. (jargon) spike - To defeat a selection mechanism by introducing a (sometimes temporary) device that forces a specific result. in medians. From June to July, there was a $15,000 increase; from July to August, $5,000. Real estate officials believe that the deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration is mainly due to the summer winding to a close and the prices reaching historic levels, which have gotten too high for many buyers to afford. ``People are saying enough is enough, but (prices) will continue to rise,'' Link said. CAPTION(S): chart Chart: HOME PRICES SKYROCKET sky·rock·et n. A firework that ascends high into the air where it explodes in a brilliant cascade of flares and starlike sparks. intr. & tr.v. Source: Southland Regional Association of Realtors Daily News |
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