California

<p>Over the past year, Santa Clarita has witnessed a consistent uptick in the real estate market, marked by steadily <a href="https://www.realtytrac.com/market-trends/santa-clarita-ca/">climbing property values</a>. From May 2023 through April 2024, the average property value rose from about $750,000 to $760,000, displaying a solid growth trajectory. These values are further substantiated by an increase in average sale prices, which in May 2023 started at around $785,000 and remained strong at approximately $780,000 by April 2024. We also see a noteworthy rise in the average sale per square foot value, which increased from $441 in May 2023 to $444 in April 2024.</p>
<div class="sc-fff60b4-0 jzCBoB">
<h3 class="sc-fff60b4-3 bmIvnq">Santa Clarita, CA Real Estate Market Overview</h3>
<div class="sc-d1a0c9c3-0 dNcHVF">
<div class="sc-d1a0c9c3-2 bViONd">
<table class="sc-4b91b296-0 NvpMl">
<thead class="sc-4b91b296-3 QrbDO">
<tr class="sc-4b91b296-1 kcFJPr">
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
<th class="sc-4b91b296-4 jDLFWw">Zip</th>
<th class="sc-4b91b296-4 jDLFWw">Median Est. Value</th>
</tr>
</thead>
<tbody class="sc-4b91b296-2 xbjXs">
<tr class="sc-4b91b296-1 kcFJPr">
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/santa-clarita-ca-91350/">91350</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 779,249</p>
<p class="sc-4b91b296-7 gkIasT">$ 445/sqft</p>
</td>
<td class="sc-4b91b296-5 eMzjte"><a class="sc-4b91b296-8 bAFlV" href="https://www.realtytrac.com/market-trends/santa-clarita-ca-91390/">91390</a></td>
<td class="sc-4b91b296-5 eMzjte">
<p class="sc-4b91b296-6 hyyJXK">$ 984,015</p>
<p class="sc-4b91b296-7 gkIasT">$ 385/sqft</p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<div class="sc-fff60b4-0 jzCBoB">
<h3 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Santa Clarita, CA</h3>
<p>As of April 2024, the average property value sits at $760,000 combined with an average sale price of about $780,000, highlighting the market’s health and endurance. The average sale price per square foot also marks its strength at $444. There are 308 homes for sale, with 1,606 sold homes in recent month.</p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$750K</td>
<td class="sc-7568d94b-5 eqHQXK">$780K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">4.00%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$784.7K</td>
<td class="sc-7568d94b-5 eqHQXK">$780K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-0.60%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">228</td>
<td class="sc-7568d94b-5 eqHQXK">308</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">35.09%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">1,669</td>
<td class="sc-7568d94b-5 eqHQXK">1,606</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-3.77%</span></td>
</tr>
</tbody>
</table>
</div>
<p>Despite these overall trends of growth in property values, the monthly fluctuations in the number of properties available and sold do not display a definitive pattern. While property values are on the rise, the market activity, in terms of the number of available homes, is less predictable.</p>
<p>As these numbers indicate, the Santa Clarita real estate market has been experiencing a solid improvement in property values, providing homeowners and investors alike with a sense of confidence in their real estate assets.</p>
<h2>Comparative Analysis of Nearby Cities</h2>
<p>Looking at the neighboring cities, we can see that the trends are not uniform across the board:</p>
<ul>
<li>Canyon Country saw a declination in average property value to about $527,000</li>
<li>Valencia’s average value stood substantially higher at $960,000, albeit experiencing a dip from its August 2023 high of approximately $1,099,000.</li>
<li>Newhall’s data suggests potential volatility with inconsistent average values as low as $209,000 during certain months.</li>
<li>Acton depicted a steady climb in property values, going from about $845,000 in May 2023 to $889,000 by April 2024. Finally, Castaic echoed this positive sentiment with a gradual rise from around $825,000 to $860,000 in the same timeframe.</li>
</ul>
<h2>Snapshot of the Real Estate Market in Nearby Cities</h2>
<p>In the nearby cities, the state of the real estate market as of April 2024 shows varying levels of property values and activity. <a href="https://www.realtytrac.com/market-trends/canyon-country-ca/">Canyon Country</a>‘s average property value is the lowest among these cities at about $527,000. However, its average sale price is quite high at $901,000, indicating that buyers may be purchasing premium properties at higher values. Valencia maintains a strong position with an average property value of $960,000, but a slightly lower average sale price of $932,000, revealing a close correlation between listed and sale prices.</p>
<p><a href="https://www.realtytrac.com/market-trends/newhall-ca/">Newhall</a> presents a contrasting scenario with a low property count of 4, but a high average sale price at approximately $985,000, potentially indicating a market with a limited supply of high-value homes. Acton’s market is climbing, marked by an average property value of $889,000 and a steady average sale price around $881,000. Castaic shows solid growth with an average property value of $860,000 and a sale price of around $817,000, underscoring a consistent demand for real estate in the area.</p>


Market Reports

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

Santa Clarita Real Estate Values Rise in Steady Uptick Through April 2024

Santa Clarita’s real estate market shows steady growth with average property value at $760,000 as of April 2024.

Santa Clarita Real Estate Values Rise in Steady Uptick Through April 2024 - RealtyTrac

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Detailed guides on various real estate financing methods.

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<p>RealtyTrac is offering a scholarship worth $2,500 to a college student who demonstrates keen interest and insight in real estate. To be considered for this scholarship, applicants are asked to write an essay and submit it for consideration as described below.</p>



<ul class="wp-block-list">
<li><strong>Deadline:</strong> October 31, 2024</li>



<li><strong>Scholarship Amount:</strong> $2,500</li>
</ul>



<p>The RealtyTrac scholarship 2024 is for students planning to enroll, or who are currently enrolled in an accredited post-secondary institution. This initiative is open to students of all fields of study and GPAs.</p>



<h3 class="wp-block-heading" id="h-essay-topic">Essay Topic:</h3>



<p class="has-medium-font-size"><em>Breaking into Real Estate: How To Get On The Property Ladder in 2024</em></p>



<p>With high interest rates, low home inventory, and soaring house prices, first-time home buyers and first-time real estate investors face several headwinds. Write an essay outlining your thoughts about the ways to become a homeowner or make your first real estate investment despite the tougher-than-usual market conditions. </p>



<p>Showcase your unique perspective and how your own personal experience, research or perspective has shaped your thinking about real estate investing.</p>



<p>The future of real estate is shaped by the next generation of investors and homeowners, and we want to hear from those of you who have had firsthand experiences or are considering home ownership or real estate investment in a tougher housing market. We want to hear from students like you, who are eager to explore and expand your real estate knowledge and experiences.</p>



<p>The essay must be between 800 and 1200 words in length. <strong>Submit your essay via email to scholarship@realtytrac.com</strong>.</p>



<h2 class="wp-block-heading" id="h-about-the-realtytrac-2024-scholarship">About The RealtyTrac 2024 Scholarship</h2>



<p>As the leading source of U.S. <a href="https://www.realtytrac.com/foreclosure/">foreclosure listings</a> and a trusted resource for real estate investment, we at RealtyTrac are dedicated to providing the next generation of real estate professionals with the information and tools needed to succeed.</p>



<p>The 2024 RealtyTrac Scholarship is a distinctive opportunity that supports the applicant who best articulates their personal engagement with real estate. We’re looking for someone who exemplifies curiosity, innovative thinking, and can demonstrate a genuine interest in real estate. This scholarship will be awarded to the student whose profile and story most compellingly reflect these qualities.</p>



<h2 class="wp-block-heading" id="h-2024-application-process">2024 Application Process</h2>



<figure class="wp-block-table"><table><tbody><tr><td>Prize:</td><td>$2,500 cash prize to one winner.</td></tr><tr><td>Eligibility requirements:</td><td>Applicants must reside in any of the 50 United States, the District of Columbia, or a U.S. Territory, excluding Rhode Island and Michigan. Applicants must be 16 years of age or older. Applicants must be currently enrolled or plan to enroll in a college or university within the United States within three months of submitting their essay.</td></tr><tr><td>How to submit your essay</td><td>Use Google Docs to write your essay and share it with scholarship@realtytrac.com.</td></tr><tr><td>Dates</td><td>Application deadline October 31, 2024. The winner will be notified after within 2 weeks of the deadline.</td></tr><tr><td>Winner requirements</td><td>The winner will allow RealtyTrac to publish the winner’s name, photo and the winning essay on realtytrac.com. The winner may be asked to leave a short video testimonial which may be published on our website, emails, and marketing materials. Please refer to the Terms and Conditions below for the full requirements. See also our <a href="https://www.realtytrac.com/privacy-policy/">Privacy Policy</a>.</td></tr></tbody></table></figure>



<h4 class="wp-block-heading" id="h-terms-and-conditions">Terms and Conditions </h4>



<p><strong>GLOBAL INFO LLC</strong><br><strong>RealtyTrac.com 2024 Scholarship Program</strong><br><strong>Terms and Conditions</strong></p>



<p><strong>NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO APPLY OR PARTICIPATE. A PURCHASE WILL NOT INCREASE CHANCES OF SELECTION AS A SCHOLARSHIP RECIPIENT.</strong></p>



<p><strong>THE FOLLOWING PROGRAM IS GOVERNED BY THESE TERMS AND INTENDED FOR PARTICIPATION IN THE 50 UNITED STATES AND THE DISTRICT OF COLUMBIA ONLY (EXCLUDING RHODE ISLAND AND MICHIGAN) AND SHALL BE CONSTRUED AND EVALUATED ACCORDING TO UNITED STATES LAW. BY APPLYING FOR A SCHOLARSHIP, YOU ACKNOWLEDGE AND AGREE TO BE BOUND BY ALL OF THE TERMS AND CONDITIONS STATED HEREIN. VOID WHERE PROHIBITED.</strong></p>



<ol class="wp-block-list">
<li><strong>Eligibility to Apply:</strong>
<ul class="wp-block-list">
<li>The RealtyTrac.com 2024 Scholarship Program (the “Program”) brought to you by Global Info LLC (“Sponsor”) is open only to individuals who, as of the last day of the Program Period meet all the following eligibility criteria:
<ul class="wp-block-list">
<li>A legal resident of the 50 United States and the District of Columbia (“D.C.”) excluding Rhode Island and Michigan, located within the United States or D.C.</li>



<li>At least 16 years of age and no older than 26 years of age;</li>



<li>On-track to apply for (pending receipt of a high school diploma or G.E.D. equivalent) or currently enrolled in an accredited post-high school/post-secondary educational program (including accredited two-year and four-year colleges, universities, vocational-technical, and trade schools);</li>



<li>Not a previous recipient of the RealtyTrac Scholarship.</li>
</ul>
</li>



<li>An applicant who is a minor in his/her/their state of residence must obtain and submit written permission from his/her/their parent/legal guardian to apply.</li>



<li>Directors, officers, and employees of Sponsor, Global Info LLC, RealtyTrac.com, and its parent, subsidiaries of its parent, affiliates, franchisees, licensees, and the advertising and promotion agencies involved with this Program are not eligible to apply or receive a scholarship under this Program.</li>
</ul>
</li>



<li><strong>The Program Period:</strong>
<ul class="wp-block-list">
<li>The Program begins on January 1, 2024, at 12:00:00 a.m. Eastern Standard Time (“EST”) and ends on October 31, 2024, at 11:59:59 p.m. EST (the “Program Period”). Scholarship recipients will be selected and notified by September 15, 2024.</li>
</ul>
</li>



<li><strong>How to Apply:</strong>
<ul class="wp-block-list">
<li>To apply, write an essay between 800 and 1200 words in length that answers the following question:
<ul class="wp-block-list">
<li>“Breaking into Real Estate: How To Get On The Property Ladder in 2024” – Discuss the challenges faced by first-time home buyers and investors, such as high interest rates, low home inventory, and soaring house prices, and suggest ways to overcome these obstacles.</li>
</ul>
</li>



<li>Then, visit https://www.realtytrac.com/resources/scholarship/ (the “Website”) during the Program Period, and follow the on-screen instructions to complete and submit the online application form with your first and last name, date of birth, email address, parent/guardian email address (if you are a minor in your state of residence), address, city, state, zip code, phone number, essay topic, class status, institution name, and upload your essay (altogether, an “application”). All applications must be in English.</li>
</ul>
</li>



<li><strong>Application Guidelines</strong>
<ul class="wp-block-list">
<li>By submitting an application, you agree that your application is gratuitous and made without restriction, and will not place Sponsor under any obligation, and that Sponsor is free to disclose the ideas contained in the application on a non-confidential basis to anyone or otherwise use the ideas without any additional compensation to you. You acknowledge that, by acceptance of your application, Sponsor does not waive any rights to use similar or related ideas previously known to Sponsor, or developed by its employees, or obtained from sources other than you. Sponsor reserves the right to, and may or may not, monitor/screen applications. By applying, you acknowledge that Sponsor has no obligation to use or post any application you submit.</li>



<li>By submitting an application you warrant and represent that it: (a) is your original work, (b) has not been previously published, (c) has not won previous awards, (d) does not infringe upon the copyrights, trademarks, rights of privacy, publicity or other intellectual property or other rights of any person or entity; and (e) that publication of the application via various media including Web posting, will not infringe on any third party rights. Any such applicant will indemnify and hold harmless, Sponsor and Releasees (defined below) from any claims to the contrary.</li>
</ul>
</li>



<li><strong>Scholarship Awards:</strong>
<ul class="wp-block-list">
<li>One scholarship of $2,500 will be awarded.</li>



<li>Funds must be used for tuition, required fees, books, and course-specific supplies at accredited institutions.</li>
</ul>
</li>



<li><strong>Selection and Notification:</strong>
<ul class="wp-block-list">
<li>Essays will be judged on insight, creativity, relevance, and thoroughness.</li>



<li>Winner will be notified by September 15, 2024</li>
</ul>
</li>



<li><strong>General Scholarship Conditions & Administration:</strong>
<ul class="wp-block-list">
<li>All awards will be directed by Sponsor to the higher education institute designated by the scholarship recipient upon the recipient’s enrollment. Scholarships must be utilized at an accredited post-high school/postsecondary educational programs (including accredited two- and four-year colleges, universities, vocational-technical, and trade schools in the 50 United States or D.C.) for tuition, required fees, books, and course-specific supplies.</li>



<li>As a condition of being awarded the scholarship, the recipient must agree to provide a video testimonial and allow publication of their essay and photo on RealtyTrac.com.</li>



<li>The scholarship award is non-transferable. No cash alternative is offered, except at the Sponsor’s discretion.</li>
</ul>
</li>



<li><strong>General Program Conditions:</strong>
<ul class="wp-block-list">
<li>By applying, all applicants (or applicants’ parent/legal guardian, as applicable) agree and covenant on behalf of themselves and their family, heirs, personal representatives, executors, assigns and insurers, to release, acquit, hold harmless, waive and forever discharge Sponsor, Global Info LLC, RealtyTrac.com, and their respective officers, directors, members, managers, employees, contractors, and agents (collectively, “Releasees”) from any and all claims, demands, damages, debts, costs, fees, obligations, loss, expenses, compensation, actions or causes of action whatsoever, of every nature, character, and description.</li>
</ul>
</li>



<li><strong>Limitation of Liability: </strong>
<ul class="wp-block-list">
<li>Sponsor is not responsible for incorrect or inaccurate information in connection with this Program, whether caused by Internet users or by any of the equipment or programming associated with or utilized in the Program or by any technical or human error which may occur in the processing of applications. Sponsor is not responsible for computer system, email, phone line, hardware, software or program malfunctions, or other errors, failures or delays in computer transmissions or network connections that are human or technical in nature. Sponsor reserves the right at its sole discretion, to disqualify any individual applicant (and his or her application) who tampers with the application process. If, for any reason, the Program, in the sole opinion of Sponsor, is not capable of running as planned by reason of fraud, virus, bugs, or any other causes which, in sole opinion of the Sponsor, corrupt or affect the administration, security, fairness, integrity or proper conduct of this Program, Sponsor reserves the right, at its sole discretion, to cancel, terminate, modify or suspend the Program. </li>
</ul>
</li>



<li><strong>Binding Arbitration:</strong>
<ul class="wp-block-list">
<li>Binding Arbitration: Any controversy or claim arising out of or relating to this Program shall be settled by binding arbitration in a location determined by the arbitrator as set forth herein (provided that such location is reasonably convenient for claimant), or at such other location as may be mutually agreed upon by the parties, in accordance with the procedural rules for commercial disputes set forth in the Comprehensive Arbitration Rules and Procedures of JAMS (“JAMS Rules and Procedures”) then prevailing, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The arbitrator shall be selected pursuant to the JAMS Rules and Procedures. The arbitrator shall apply Florida law consistent with the Federal Arbitration Act and applicable statutes of limitations and shall honor claims of privilege recognized at law. In the event that the claimant is able to demonstrate that the costs of arbitration will be prohibitive as compared to the costs of litigation, Sponsor will pay as much of the claimant’s filing and hearing fees in connection with the arbitration as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive. If any part of this arbitration provision is deemed to be invalid, unenforceable or illegal (other than that claims will not be arbitrated on a class or representative basis), or otherwise conflicts with the rules and procedures established by JAMS, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. If, however, the portion that is deemed invalid, unenforceable or illegal is that claims will not be arbitrated on a class or representative basis, then the entirety of this arbitration provision shall be null and void, and neither claimant nor Sponsor shall be entitled to arbitrate their dispute. Upon filing a demand for arbitration, all parties to such arbitration shall have the right of discovery, as provided in the JAMS Rules and Procedures, unless further extended by mutual agreement of the parties. THE ARBITRATION OF DISPUTES PURSUANT TO THIS PARAGRAPH SHALL BE IN THE APPLICANT’S INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN THE CLAIMS OF OTHER PERSONS OR PARTIES WHO MAY BE SIMILARLY SITUATED. DO NOT APPLY IF YOU DO NOT AGREE TO HAVE ANY CLAIM OR CONTROVERSY ARBITRATED IN ACCORDANCE WITH THESE TERMS AND CONDITIONS. BY PARTICIPATING IN THIS PROGRAM, EACH APPLICANT AGREES THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR CONNECTED WITH THE PROGRAM, OR ANY SCHOLARSHIP AWARDED, WILL BE RESOLVED INDIVIDUALLY THROUGH BINDING ARBITRATION AS SET FORTH ABOVE, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (2) ANY AND ALL CLAIMS, JUDGMENTS AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED (IF ANY); (3) UNDER NO CIRCUMSTANCES WILL ANY APPLICANT OR SCHOLARSHIP RECIPIENT BE PERMITTED TO OBTAIN ANY AWARD FOR, AND APPLICANT HEREBY KNOWINGLY AND EXPRESSLY WAIVES ALL RIGHTS TO SEEK, PUNITIVE, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, LOST PROFITS AND/OR ANY OTHER DAMAGES, OTHER THAN ACTUAL OUT OF POCKET EXPENSES), AND/OR ANY RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED; AND (4) APPLICANT’S REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND APPLICANT IRREVOCABLY WAIVES ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY, SO THE ABOVE MAY NOT APPLY TO EVERY APPLICANT.</li>
</ul>
</li>



<li><strong>Submission Warranties and Representations:</strong>
<ul class="wp-block-list">
<li>By submitting an application, you warrant and represent that the essay is your original work, has not been previously published, has not won previous awards, does not infringe upon the copyrights, trademarks, rights of privacy, publicity, or other intellectual property rights of any person or entity, and that publication of the essay will not infringe on any third party rights.</li>



<li>You agree to indemnify and hold harmless the Sponsor and its affiliates from any claims to the contrary.</li>
</ul>
</li>



<li><strong>Governing Law/Jurisdiction:</strong>
<ul class="wp-block-list">
<li>All issues and questions concerning the construction, validity, interpretation and enforceability of these Terms and Conditions, applicant’s rights and obligations, or the rights and obligations of the Sponsor in connection with the Program, shall be governed by, and construed in accordance with, the laws of the State of Florida, without giving effect to any choice of law or conflict of law rules.</li>
</ul>
</li>
</ol>



<p><strong>Sponsor:</strong><br>Global Info LLC, DBA RealtyTrac.com,<br>433 Plaza Real, Suite 275,<br>Boca Raton, FL 33432</p>


RealtyTrac Scholarship Program

Financing

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A Guide to Foreclosure Financing and Refinancing

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Financial Planning Is Key To Prevent Your Home to Go Into Foreclosure

$2,500 RealtyTrac Scholarship, 2024

Write an essay for the chance to be awarded a $2,500 scholarship.

$2,500 Scholarship Essay Competition. 2024 | RealtyTrac

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<h2>Overview of Augusta, ME Real Estate Market Trends</h2>
<p>The Augusta, Maine real estate market has experienced a noticeable uptick in property values over the recent period.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Augusta, ME</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">Apr 2023</th>
<th class="sc-7568d94b-2 hTsliE">March 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$310K</td>
<td class="sc-7568d94b-5 eqHQXK">$251.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-18.94%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$204.2K</td>
<td class="sc-7568d94b-5 eqHQXK">$251.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">23.06%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">3</td>
<td class="sc-7568d94b-5 eqHQXK">6</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">100.00%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">117</td>
<td class="sc-7568d94b-5 eqHQXK">127</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">8.55%</span></td>
</tr>
</tbody>
</table>
<p>Analyzing <a href="https://www.realtytrac.com/market-trends/augusta-me/">month-over-month statistics</a> provides a compelling look at how the area’s real estate landscape is shaping up. In April 2023, the average property value in Augusta stood at approximately $310,000, which climbed to roughly $342,450 by March 2024. This increase points towards a strengthening housing market in terms of property values.</p>
<p>Moreover, residents and <a href="https://www.realtytrac.com/augusta-me/for-sale/">prospective buyers</a> are not just paying more overall; they’re also spending more per square foot. The average sale price per square foot has seen a general rise from $154 in April 2023, increasing to an elevated figure of around $187 by March 2024. This solidifies the trend of ascending property values and suggests that the area is becoming increasingly more desirable.</p>
<p><figure id="attachment_25552" aria-describedby="caption-attachment-25552" style="width: 1476px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25552" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Real-Estate-Report-Augusta-ME-April-2024-House-Prices.png" alt="Real Estate Report Augusta ME April 2024 - House Prices" width="1476" height="621" /><figcaption id="caption-attachment-25552" class="wp-caption-text">Real Estate Report Augusta ME April 2024 – House Prices</figcaption></figure></p>
<p>In contrast to the swelling values, the number of properties sold in Augusta is presenting a different aspect of the market dynamics. From January 2024, where there were 172 property sales, this number dropped to 127 by March 2024. While the decrease could be due to a variety of factors, it may hint at declining market liquidity or a possible shift in buyer behavior.</p>
<p>Comparing the month-over-month metrics paints a detailed picture of the Augusta real estate market. Property values are, by and large, on an upward trajectory. However, the diminished number of sales could signal a potential area of concern for real estate professionals and stakeholders alike.</p>
<h2>Comparison with Nearby Cities</h2>
<p>When venturing outside Augusta and looking at neighboring cities, the scenario somewhat differs. For example, in cities like <a href="https://www.realtytrac.com/market-trends/belgrade-me/">Belgrade</a> and <a href="https://www.realtytrac.com/market-trends/winthrop-me/">Winthrop</a>, the average sale price per square foot often surpasses that of Augusta. Specifically, in March 2024, Belgrade’s average was around $214, and Winthrop stood higher at approximately $246. These figures may point towards these locales being more sought-after or simply having more expensive property markets.</p>
<p>Addressing the supply side, an interesting case is Belgrade in January 2024, where there were instances of no new properties being listed, possibly indicating a tight market. This could denote a high demand paired with low inventory, which typically drives prices upward.</p>
<p>The current values in nearby cities further complement the analysis, with Belgrade’s average property value leading at about $409,000, demonstrating a significantly higher market valuation than Augusta. Contrastingly, Randolph appears to have a lower market, with an average property value estimated at $167,450. However, Randolph’s reported average sale price, curiously, stands at an unexpected $294,199, which could be influenced by factors not directly represented by property value alone, such as specific property features or a small sample size of high-value transactions. Meanwhile, Gardiner and Oakland present more aligned values and sale prices per square foot at around $170 and $204, respectively.</p>
<p>In juxtaposing these markets, we can infer that while Augusta is experiencing growth in property values, the increase is nuanced when contrasted against neighboring regions. The higher average sale prices per square foot in nearby cities suggest varying levels of demand, desirability, or market conditions.</p>
<h2>Current Market Snapshot in Augusta and Surrounding Areas</h2>
<p>Focusing on more recent data, we can see that as of March 2024, Augusta maintains an average property value of approximately $342,450 and an average sale price of roughly $251,287. The city’s average sale price per square foot is at about $187, aligned with the overall increasing trend observed. Though as indicated, sales volume seems to be contracting.</p>
<p>Within Augusta’s ZIP code 04330, the median list price stands at approximately $362,450, with the list price per square foot estimated at $196. The median sale price, on the other hand, significantly diverges at about $220,500, and the sale price per square foot is $174. This data reveals a contrast between asking prices and executed sale prices, suggesting a negotiating gap or potential overvaluation in the listing process.</p>
<p><figure id="attachment_25554" aria-describedby="caption-attachment-25554" style="width: 1484px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25554" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Real-Estate-Report-Augusta-vs-Kennebec-County-ME-April-2024.png" alt="Real Estate Report Augusta vs Kennebec County ME April 2024" width="1484" height="798" /><figcaption id="caption-attachment-25554" class="wp-caption-text">Real Estate Report Augusta vs Kennebec County ME April 2024</figcaption></figure></p>
<p>An exploration into the surrounding areas’ current values for March 2024 demonstrates that these markets differ in terms of the balance between value, sale price, and the price per square foot. These differences reflect the diverse nature of the real estate market even within a relatively small geographical cluster, indicating that localized factors are likely shaping the market conditions.</p>
<p>Lastly, looking at the broader market data for Augusta over the last 6 and 12 months, we glimpse a stabilizing factor with an active market average sale price ranging from about $221,000 to $235,000, in combination with a healthy number of transactions. This could indicate consistent buyer interest in the area and a certain resilience in the market sentiment.</p>
<p>In summary, the data underscores a generally vibrant and growing Augusta property market with nuanced interplays between value, price per square foot, and sales volume. Intertwined with this are the nearby cities, each narrating their own distinctive real estate stories framed by the unique forces at play within their localities.</p>


Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume

The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.

Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Real-Estate-Report-Augusta-ME-April-2024.png

<h2>Overview of Portland’s Real Estate Market Trends</h2>
<p>The average property value in Portland, Oregon reach its peak at circa $570,000 in July 2023 before slightly dropping to $539,000 by April this year. This ebb and flow, marked by a peak in the middle of 2023, followed by a softening, might point towards a seasonal influence or a reaction to broader economic trends impacting the housing market.</p>
<p><strong>Below is a summary of YoY trends in Portland</strong></p>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$559K</td>
<td class="sc-7568d94b-5 eqHQXK">$552.8K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-1.11%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$555.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$552.8K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-0.49%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">1,029</td>
<td class="sc-7568d94b-5 eqHQXK">1,077</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">4.66%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">7,321</td>
<td class="sc-7568d94b-5 eqHQXK">6,691</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-8.61%</span></td>
</tr>
</tbody>
</table>
<p>The price per square foot, peaking at $326 in January 2024 and easing to $324 by April 2024, shows a modest decline. This indicates that while overall <a href="https://www.realtytrac.com/market-trends/portland-or/">Portland property values</a> have seen a downturn, the market isn’t drastically undervaluing the details, such as square footage. Particularly, it suggests that more compact properties may be maintaining their appeal and valuation better than their larger counterparts.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-25617" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/05/Real-Estate-Report-for-Portland-OR-May-2024-Price-per-sq-ft.png" alt="" width="1445" height="625" /></p>
<p>The market also revealed a reduction in the number of properties emerging on the market, with property counts decreasing from October 2023 to April 2024. Alongside, sold property counts reached their highest in autumn 2023 and hint at a market that was brisk and lively in late summer and early fall, which has since experienced a gradual slow down.</p>
<p>Portland’s real estate landscape isn’t viewed in isolation; surrounding cities provide additional contexts that reveal Portland’s position relative to its neighbors. The neighboring cities of Beaverton, Lake Oswego, and Happy Valley each tell their own story when their statistics are juxtaposed with Portland’s. Despite the price per square foot and the average property values in Portland being significant, they pale in comparison to the upscale Lake Oswego, which boasts considerably higher figures, hinting at a more high-end market.</p>
<h2>Portland Real Estate: Current Standings</h2>
<p>In the most recent data available as of April 2024, we see that Portland’s average property value stands firmly at $539,000. The average price per square foot is pegged at $324. The property count in the city is 1,077 with a sale price averaging about $553,000, and a sale price per square foot averaging $336. There were 6,691 properties sold, a number that signifies the city’s vitality in real estate movement.</p>
<p>Let’s contrast with <a href="https://www.realtytrac.com/market-trends/beaverton-or/">Beaverton</a>, where the average property value is observed at $522,400, with a price per square foot of $295. Beaverton’s property count is at 166, with an average sale price around $541,000 and a sale price per square foot of $309. With 1,309 properties sold, Beaverton stands as a dynamic but comparatively quieter market than Portland.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Beaverton, OR</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$562.5K</td>
<td class="sc-7568d94b-5 eqHQXK">$541.4K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-3.75%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$537.9K</td>
<td class="sc-7568d94b-5 eqHQXK">$541.4K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">0.66%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">150</td>
<td class="sc-7568d94b-5 eqHQXK">166</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">10.67%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">1,430</td>
<td class="sc-7568d94b-5 eqHQXK">1,309</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-8.46%</span></td>
</tr>
</tbody>
</table>
<p>Turning our gaze over to Lake Oswego, average property values are strikingly high at $962,000, supported by a commanding $400 price per square foot. The average sale price floats around $889,000, with a sale price per square foot of $393. With a count of just 76 properties on the market and 600 sold, Lake Oswego clearly operates within a high-value niche.</p>
<p>Lastly, examining <a href="https://www.realtytrac.com/happy-valley-or/sold/">Happy Valley</a> presents us with an average property value of $730,000 and a price per square foot of $273. The sale price averages $671,000 with the sale price per square foot at $265, and there is a property count of 65 with 321 properties sold. Happy Valley showcases a market with admirable property values and sale prices, indicating a robust demand for quality real estate.</p>


Portland Real Estate Cools in April 2024, Yet Outshines Nearby Cities With $539K Average House Values

The report explores Portland’s real estate market trends, and compares Portland’s housing market trajectory relative to its neighboring cities.

Portland Real Estate Cools in April 2024, Yet Outshines Nearby Cities With $539K Average House Values - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Real-Estate-Report-for-Portland-OR-May-2024.png