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Sand Canyon Real Estate News

| Sand Canyon Journal | September 5, 2017

by Julie Henry

Low inventories are still the nature of today’s market in Sand Canyon. Out of approx. 1,200 homes in Sand Canyon, only 27 were listed for sale in August. The average listed price was $1,267,964 with an average square footage of 3,944 sq. ft. Today’s market puts sellers over buyers as far as price goes, but we are still seeing historically low interest rates for “qualified buyers.” Qualified is the keyword here, because buyers are finding loans hard to come by, especially in this price range. Low down payments mean mortgages are out of reach for most buyers. We look at Sand Canyon as a “move up” community, where most buyers are moving up from a previous sale — very few first-time buyers here. But the “move ups” will find this community a relative bargain. Current challenges for sellers are what we refer to as “labor day” blues. Real estate transactions generally peak in early summer and fall off dramatically as fall season approaches. With back to school and the holidays on the horizon, most buyers retreat to spending time with family and friends. Don’t be fooled, though, because this is the time of year that puts the ball back in the buyer’s court. Most sellers want to sell before the holidays and that’s when you can negotiate a great deal.

Sand Canyon Market Snapshot on 8/24/17:

Property Count: 27
Avg Sq. Ft: 3,944
Avg List Price/SF: $332.60
Avg Days On Market: 95
Avg Orig Price: $1,317,747
Avg Price: $1,267,964

Real Estate Broker Julie Henry specializes in Sand Canyon real estate and has been a resident for 33 years. You can reach her at (661) 313-6190 or email Julie@juliehenry.com.

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Santa Clarita Gazette and Free Classifieds is a locally owned weekly publication. Each week you will find news, opinion, restaurant reviews and more plus over 200 classified ads online and in print! Each week’s issue is printed and distributed on Thursdays and Fridays, the full edition is also here on the web site on Thursdays as a page flip. All of the articles and classified ads are online and display ads are printed and appear on various pages of the web site to correspond with the print ad.

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