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Newhall: How Is Your Neighborhood Doing?

Newhall is the southernmost and oldest community of the Santa Clarita Valley. Named after famed businessman Henry Newhall, the area is home to the historic William S. Hart County Park and the Pioneer Oil Refinery – California’s oldest surviving and first commercially successful refinery. Due to its historic significance, close proximity to the 5 and 14 freeways, and frequent use as a filming location for many movies and television shows, property values in the area have seen a considerable boost in recent years and are projected to continue on an upward trend.

Newhall Housing Market Analysis (2015 Data)

  • Average home value: $388,000
  • Average prices were up 7% over previous year
  • 457 homes were sold in 2015; 395 sold in 2014
  • Around 14% less homes were on the market in 2015 than 2014
  • 8% of homes in the Newhall market were in distress; 54% in distress in 2011
  • Highest ratio of cash sales and distressed sales in SCV in 2015

As a result of increased home values and a substantial decrease in the number of homes being foreclosed on or sold through short sale, the number of homes on the market are relatively sparse. Homes on the market tend to be snatched up pretty quickly, meaning that prospective buyers should act quickly to stake their claim. Similarly, sellers may find themselves in a desirable position by having several buyers competing with one another, giving them the opportunity to receive top dollar for their property.

Regardless of whether you are looking to buy or sell in the Newhall area, one thing is for certain: it is important you work with a knowledgeable professional to make sure you get the best deal possible. For assistance navigating the real estate market, turn to Newhall real estate agent Dippy Chhina. Having earned a trusted reputation throughout the Santa Clarita Valley for her unmatched knowledge and top-quality service, she can eliminate the guesswork of your real estate transaction and ensure your best interests are guarded every step of the way.

Contact her office online or call (661) 441-3304 today to get started!