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Home sales rise 22%

Posted: August 28, 2008 8:35 p.m.
Updated: October 30, 2008 5:01 a.m.
The Southland Regional Association of Realtors reported Thursday that sales of existing single-family homes increased 22.2 percent throughout the Santa Clarita Valley during July.

The 237 closed escrows are up 43 transactions from the 194 tallied for July 2007. July marks the sixth consecutive month that home sales in the local valley have increased, rising 3.5 percent in July compared to June, according to the association. Condominium sales also have increased as a total of 85 escrows closed in July.

The 85 escrows are two sales higher than a year ago and 10 sales ahead or 13.3 higher than June.

The association reports that most of the activity is concentrated on homes listed for less than $500,000, which has been affected the overall median price.


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