​Good afternoon to our clients and friends,

 

After a few days of rain cleared to sunshine and budding green hills in Castaic, it is time for a spring shout-out to our network, including the latest real estate market updates, both nationwide and with a focus on our home state of California. Engaging daily with the inventory, demand, and financial aspects of the real estate market allows us to better serve our clients in the Santa Clarita Valley and across northern LA County, enabling us to make informed decisions together as a team.

 

 

According to Zillow's 2025 projections, Southern California home prices are anticipated to grow by 2.5% year-over-year, indicating a cooling trend compared to previous years. Additionally, data indicates that inventory levels in the region remain tight, with active listings down 15% compared to pre-pandemic levels, further exacerbated locally by recent events such as the Palisades and Eaton Fires. Despite mid-6% interest rates and homes lingering on the market longer than during the pandemic years, the enduring appeal of Southern California's abundant sunshine and limited land availability continues to drive demand.

 

 

The U.S. housing market is expected to remain sluggish throughout the year, with J.P. Morgan Research forecasting a modest 3% rise in home prices. Overall, 2025 appears constrained by tight supply, subdued demand, and elevated interest rates, though analysts remain hopeful for a Federal Reserve rate cut before year's end.

 

 

As of January 31, 2025, the Santa Clarita Valley real estate market—which includes Castaic, Stevenson Ranch, Saugus, Newhall, Valencia, and Canyon Country—continues to demonstrate steady activity, balancing cooling trends with stabilizing conditions. According to CRMLS data, active inventory has seen a slight increase, with approximately 375 homes currently on the market, reflecting an 8% rise compared to the same period last year and indicating a modest improvement in housing supply. Zillow reports that the average price per square foot in the area is $385, with Stevenson Ranch and Valencia leading at $410 and $400, respectively, while Castaic and Canyon Country remain closer to $370.

 

Properties are now spending an average of 45 days on the market, up from 30 days during the peak of the COVID-era, signaling a shift toward a more balanced and measured market. Realtor.com highlights that the median sale price remains robust at $817,000, supported by sustained demand for the area's family-friendly neighborhoods, top-rated schools, and convenient proximity to Los Angeles. Although higher interest rates in the mid-6% range have moderated buyer activity to some extent, the Santa Clarita Valley's unique combination of suburban charm and modern amenities continues to attract both local and out-of-area buyers.

 

 

Nestled in the romantic, rugged landscapes of Southern California's northern corridor, Acton is a hidden gem known for its sprawling ranch properties, scenic vistas, and a peaceful rural lifestyle. Acton offers the opportunity to own acreage suitable for animals (many parcels are zoned A-2 for Heavy Agriculture), all while maintaining a small-town feel and providing access to larger city centers, with Palmdale to the north and the Santa Clarita Valley to the south.

 

According to Zillow data as of January 31, 2025, Acton's typical home value is $841,100, reflecting a 4.2% increase over the past year.  The median sale price per square foot stands at $343, up substantially since last year.  Current listings showcase a mix of charming single-family homes and expansive estates, typically around 2,500 square feet on 2+ acres, offering buyers a unique blend of space and serenity.

 

 

The top three cities showing over 10% year-over-year value growth present unique investment or relocation opportunities in Rockford, IL; Syracuse, NY; and San Jose, CA, among others.

 

 

The second installment of Los Angeles County property taxes was due on February 1st and is deemed delinquent after April 10th. To check your property tax bill, please visit the official Los Angeles County property tax website.

 

Please note that your property taxes may be paid by your lender through an impound account; however, you will likely have supplemental property taxes after purchasing a home, as a real estate sale triggers a reassessment. Please reach out to us for further information.

 

For more details, refer to the LA County Property Tax FAQs