Santa Clarita rents drop slightly in October
By Kevin Kenney
Monday, November 14th, 2016

Prices for rental apartments dipped slightly in Santa Clarita in October compared to September – a typical trend in the fall months as demand drops, according to one real-estate data expert.

Numbers released by the on-line rental firm ApartmentList.com show that the median price for a two-bedroom apartment in Santa Clarita stood at $1,910 in October, while the median number for a one-bedroom unit was $1,760.

Those numbers reflect a 0.5 percent drop from September’s figures – but a 2.2 percent increase over the October 2015 prices.

“It’s not uncommon for rents to slow down a bit in the fall and winter months,’’ said Andrew Woo, a data scientist for ApartmentList.com.

“Those are months where they tend to plateau – and it looks like that’s what we are seeing around the L.A. area. Even if they’re up, they’re pretty flat.’’

Indeed, of the top 10 Los Angeles-metro-area cities listed on the website’s report, seven showed slight drops month to month.

The biggest dip, month to month, took place in Pasadena, at 1.2 percent – but that city remains the priciest area city in which to rent, with two-bedroom apartments going for an average of $2,650 and one-bedrooms costing $2,110.

Overall, Pasadena’s rents were up 3.8 percent year-to- year – the third-biggest annual increase, behind Long Beach’s 4.3 percent and Garden Grove’s 4.1 percent, among the 10 L.A.-area cities highlighted by the website.

Rental prices in the city of Los Angeles increased by 0.2 percent from September to October, and landed 3.1 percent higher than in October 2015. The average price for a two-bedroom apartment in the city of L.A. stood at $2,600 in October, while a one-bedroom pad cost $1,890.

Those October numbers placed the city of L.A. as the second-most expensive local area in which to rent, behind Pasadena.

After those cities, the next-most expensive L.A. Metro-area cities in which to rent were Irvine and Glendale (tied at $2,480 for a two-bedroom), Huntington Beach ($2,100), Long Beach ($2,000), Santa Clarita ($1,910), Fullerton ($1,890), Garden Grove ($1,740) and Anaheim ($1,720).

By neighborhood, Westwood once again came in as the priciest in the city of Los Angeles, with two-bedroom apartments going for an average of $4,120 and one-bedrooms running $3,160. Overall, Westwood rents are 3.7 percent higher than this time last year.

Sherman Oaks registered the biggest average year-to-year rent increase – up 9.1 percent over October 2015, according to the website’s data. A two-bedroom rental apartment in Sherman Oaks averaged $2,400 in October, while a one-bedroom in that neighborhood came in at $1,850.

 

kkenney@signalscv.com

(661) 287-5525

About the author

Kevin Kenney

Kevin Kenney

Over 30-plus years, Kevin Kenney has been a writer and editor for United Press International, the New York Post and Fox Sports, among other outlets. He joined The Signal in 2016.

Santa Clarita rents drop slightly in October

Prices for rental apartments dipped slightly in Santa Clarita in October compared to September – a typical trend in the fall months as demand drops, according to one real-estate data expert.

Numbers released by the on-line rental firm ApartmentList.com show that the median price for a two-bedroom apartment in Santa Clarita stood at $1,910 in October, while the median number for a one-bedroom unit was $1,760.

Those numbers reflect a 0.5 percent drop from September’s figures – but a 2.2 percent increase over the October 2015 prices.

“It’s not uncommon for rents to slow down a bit in the fall and winter months,’’ said Andrew Woo, a data scientist for ApartmentList.com.

“Those are months where they tend to plateau – and it looks like that’s what we are seeing around the L.A. area. Even if they’re up, they’re pretty flat.’’

Indeed, of the top 10 Los Angeles-metro-area cities listed on the website’s report, seven showed slight drops month to month.

The biggest dip, month to month, took place in Pasadena, at 1.2 percent – but that city remains the priciest area city in which to rent, with two-bedroom apartments going for an average of $2,650 and one-bedrooms costing $2,110.

Overall, Pasadena’s rents were up 3.8 percent year-to- year – the third-biggest annual increase, behind Long Beach’s 4.3 percent and Garden Grove’s 4.1 percent, among the 10 L.A.-area cities highlighted by the website.

Rental prices in the city of Los Angeles increased by 0.2 percent from September to October, and landed 3.1 percent higher than in October 2015. The average price for a two-bedroom apartment in the city of L.A. stood at $2,600 in October, while a one-bedroom pad cost $1,890.

Those October numbers placed the city of L.A. as the second-most expensive local area in which to rent, behind Pasadena.

After those cities, the next-most expensive L.A. Metro-area cities in which to rent were Irvine and Glendale (tied at $2,480 for a two-bedroom), Huntington Beach ($2,100), Long Beach ($2,000), Santa Clarita ($1,910), Fullerton ($1,890), Garden Grove ($1,740) and Anaheim ($1,720).

By neighborhood, Westwood once again came in as the priciest in the city of Los Angeles, with two-bedroom apartments going for an average of $4,120 and one-bedrooms running $3,160. Overall, Westwood rents are 3.7 percent higher than this time last year.

Sherman Oaks registered the biggest average year-to-year rent increase – up 9.1 percent over October 2015, according to the website’s data. A two-bedroom rental apartment in Sherman Oaks averaged $2,400 in October, while a one-bedroom in that neighborhood came in at $1,850.

 

kkenney@signalscv.com

(661) 287-5525

About the author

Kevin Kenney

Kevin Kenney

Over 30-plus years, Kevin Kenney has been a writer and editor for United Press International, the New York Post and Fox Sports, among other outlets. He joined The Signal in 2016.

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