Linda, Other/Just Looking in 97212

Will the new Disney facility on Golden Oak Ranch have much of an impact on home prices within the next couple of years?

Asked by Linda, 97212 Wed Jan 26, 2011

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Cheryl Garner, Agent, Valencia, CA
Sat Apr 9, 2011
Absolutely!. Anytime you have an area reflecting job growth, people will come. The Disney studio will produce thousands of jobs. People will want to live closer to work especially with the current gas prices so I see an uptick in good things to happen for Santa Clarita Valley (Valencia, Stevenson Ranch, Castaic, Newhall and Saugus). Santa Clarita Valley is already preparing for growth - building more roads, more freeway connections, new home developments.

I've lived in Valencia a little over eight years and absolutely love it!

If I can be of further assistance, call me at (661) 255-3335 or email me.

Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.
Email: cheryl@cherylgarner.com
Web Reference:  http://www.cherylgarner.com
0 votes
Laura Coffey, Agent, Santa Clarita, CA
Sat Feb 26, 2011
The Studios at the Ranch was initially announced to the public on October 28th, 2009, and plans for the project include:

6 pairs of soundstages
Production offices
Talent bungalows
Administration offices
Production shops
Production Storage - props, sets, costumes, etc.

Studios at the Ranch Economic Impact Estimates:

During Construction:

3,152 jobs
$522 million in local economic activity

After Completion:

2,854 full and part time jobs
$533 million in annual local economic activity

$26 million in annual revenues to the state of California
$1.3 million in annual revenues to LA County
$200,000 in annual revenues to the City of Santa Clarita

If those estimates are true I definitely think it will have a positive impact. You can find more information at SantaClarita.Com and http://www.valencia.com/blog/2010/08/studios-at-the-ranch/ and http://www.dailynews.com/santaclarita/ci_13663809?source=rss
0 votes
Michael Barr…, Agent, Irvine, CA
Wed Jan 26, 2011
Hi Linda, It will most likely have a positive effect. if it attracts more demand for homes. Like all prodcuts it boils down to demand and supply. If more buyers are in the market competing for homes it should help drive up home prices and the same will apply to the reverse scenario.

If you are interested in knowing all the best properties with some amazing foreclosures drop me a line

Best Wishes
Michael Barron
Realtor
First Team Real Estate
0 votes
Chris Davis, Agent, Santa Clarita, CA
Wed Jan 26, 2011
it should have very little effect as most of the people who will be working at the facility already live in the SCV. In other words there will not be tons of people looking to move into the SCV.
This was according to the information that was given to us by Disney during their presentation 2 years ago.
On top of that the new buildings will be on property that is already being used for movie shoots and the location of this property is not in close proximity to current homes, also the new facilities will not be opened to the public, therefore, there will not be substantial increased traffic to the area.

Chris Davis
Broker Associate
Realty Executives
661 253-3200
0 votes
Dennis Kotzm…, Mortgage Broker Or Lender, Valencia, CA
Wed Jan 26, 2011
Santa Clarita has always been a very 'studio friendly' city. Just look at all the production direction signs posted around town. While the Golden Oak facility has been leased for use by Disney since the 1950's, this project represents a major commitment by one of the premier names in the entertainment industry to make Santa Clarita a permanent home. Studio jobs are typically well paying jobs. So you have to assume in the short run there will be an increased demand for the limited supply of homes available for sale = higher prices. I think this is a huge win for the residents of the City of Santa Clarita and the city itself. M I C - K E Y M O U S E.

http://studiosattheranch.com/faqs#ques-how-big
Web Reference:  http://www.funderman.com
0 votes
Kim Pape, Agent, Santa Clarita, CA
Wed Jan 26, 2011
The Disney Ranch can help the area. Jobs are always good for the general market. It will be hard to say as we don't know how many of the people that will be working at the Ranch are already living in the area. It will be good if there are people who will be working there and want to live close to where they work and are not living here currently. Jobs creation is always good for the city and usually is good for the housing market. We will have to wait to see.
0 votes
, ,
Wed Jan 26, 2011
Since very little, as far as new homes, are being built out in the Santa Clarita Valley right now, it could put downward pressure on the supply of homes for sale if all of the new jobs created make local homebuyers out of those employees. Downward pressure on the supply of homes from the new demand, could push home prices higher hypothetically. At the very least, it can create multiple offer situations. We'll see what happens. It appears on the surface to be a win win for the Santa Clarita Valley.
Web Reference:  http://www.TheScvAgents.com
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