How hot was the California housing market? The median price up 20.6% year over year, and the median time on the market only 10 days. There are several elements that are now coming into play... Will the higher interest rates and property values affect the affordability level where it takes ... » Learn More about California Real Estate Market at a Glance February 2021
Market Updates
Los Angeles Real Estate Report Card January 2021
Property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with the number of new housing ... » Learn More about Los Angeles Real Estate Report Card January 2021
San Fernando Valley (Los Angeles) Real Estate Prices 2021 Boom or Bust?
Ron Henderson President/Broker of Multi Real Estate Services gives a history lesson on San Fernando Valley (Los Angeles) real estate prices, and the elements that can create a Boom or Bust in 2021, and into the future. Covers a span from 1959-2020, and how the past can affect the future, and how the ... » Learn More about San Fernando Valley (Los Angeles) Real Estate Prices 2021 Boom or Bust?
California Real Estate Market at a Glance December 2020
California statewide stayed hot through the end of 2020. Year over year sales was up 28% but would have been substantially higher if not for the lack of inventory, which was down 48%. The median time on the market was only 11 days... Hard to be a buyer in this market. If you are in the Los ... » Learn More about California Real Estate Market at a Glance December 2020
San Fernando Valley Housing Statistics December 2020
The San Fernando Valley hot housing market continues through the end of 2020 on a high note. Sales are still driven by historically low interest rates, and prices pushed higher from low inventory. Basic supply and demand out of balance. The attached charts reflect the levels of newly opened ... » Learn More about San Fernando Valley Housing Statistics December 2020