The last two years have been anything but normal for the real estate market during the pandemic. Across the nation, home prices have appreciated by double digits due to the perfect storm of high demand for housing, low inventory, and super low mortgage rates. During this time, California mirrored the national trend especially in more affordable, outlying suburbs and in smaller metro areas like the San Fernando Valley, Santa Clarita, and Simi Valley. 

Here, our community has experienced significant growth in the number of new homes that have been built over the last few years that have brought new families to our community. The Vineyards Shopping Center opened in late 2020 offering much needed restaurants, retailers, and entertainment to the local area. All this has continued to make Porter Ranch the most desirable area in the valley, which is supported by the recent sales data taken from the MLS.

In 2021, the average sales price for a home in Porter Ranch increased 23.6 percent, from $1.05 million in January to just over 1.3 million in December. For the months of March and April, the average sale price only appears to have decreased due to a higher number of condo/townhome sales versus homes. Yet, the average price per square foot continued to increase in those months which means that buyers were paying higher prices for those units. Overall, both increased almost in lock step, even though price per square foot ended the year with a slightly higher appreciation of 24.1 percent.