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Where Santa Monica Goes Up, Santa Clarita Comes Down

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Not to be confused with that ever-booming beachfront real-estate market in Santa Monica, the housing situation about 30 miles inland in the Santa Clarita Valley hit a few lows in 2007, reports The Signal. Lowest number of home sales since 1998. A 5.4 percent decline in the median home price, to $570,658. And a 7.2 percent drop in the median condo price, to $353,333. On the bright side, the SCV's current 12-month inventory of homes for sale bodes well for the estimated 148 people moving into the valley every week.
· SCV Home Sales Hit Record Low [The Signal]