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Looking Back on SCV Real Estate in 2015

2015 was a pretty good year in SCV Real Estate! Lowered interest rates contributed to a ten percent increase in home sales over 2014’s numbers, with the average price of homes increasing by roughly five percent. While real estate experts have been saying over the past three years that interest rates are likely to rise to five percent, they have remained constant around the four percent mark for quite some time now. Despite pressure on rising interest rates, international turmoil and politics have made US bonds an attractive option for investors, which has in turn kept interest rates down.

In SCV, the average values of homes appreciated at their lowest levels since 2011, indicating that home prices may be starting to decline. When considering last year’s boost in sales, it is clear that demand is still strong and there are still interested buyers. The market now faces a shortage buyers who are able to afford homes, resulting in a downward pressure on home values. This downward force is countered by a low supply of available homes for sale, thereby creating an opposite upward pressure on local home values.

If you are looking to buy or sell real estate in the Santa Clarita Valley, Real Estate Agent Dippy Chhina can guide you step-by-step through the process and help you make an informed transaction. Backed by many positive client testimonials and years of proven experience, she can provide the solid guidance you need with a friendly, professional touch.

Dial (661) 441-3304 or schedule a real estate consultation online today to get started!