• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Multi real estate services, home loans, financing, refis

MRES - Multi Real Estate Services

Specializing in the art of real estate sales and financing

  • Home
  • About
    • About Ron
    • Client Testimonials
  • Blog
    • Regulations and Laws
    • Market Updates
    • Mortgage Rates
  • Financing
    • Low Down Payment Programs
    • Reverse Mortgages
    • Loan Programs
    • Loan Process
    • Mortgage Interest Rate Adjustments
  • Agent Referral
  • Homes
    • Communities
    • Property Search
  • Investors Forum
    • Tax Deferral (1031 Exchange)
    • How To Evaluate Investment Property
    • Evaluation Tools (videos)
  • Resources
    • Professional Support Services
      • CPAs
      • Attorneys
      • REO
      • Financial Planners
    • Buyers
      • What if I Don’t Qualify?
      • School Information
      • Home Buying Tips
      • Effective Offer Strategies for Home Buyers
      • Buyer’s Inspection Checklist: Your Essential Guide
      • Essential Moving Tips for Home Buyers
      • The Closing Process for Home Buyers: A Step-by-Step Guide
      • Inspections Checklists
      • PACTrust Buyer Benefits
      • Glossary
    • Sellers
      • What If I Can’t Sell?
      • Tips To Ensure Remodeling Project
      • Pricing Strategies When Selling a Home
      • Mastering Negotiation Tactics for Home Sellers
      • Legal Considerations for Home Sellers: A Fun and Insightful Guide
      • Home Staging Tips (How to Do It with the Least Effort)
      • FHA Moves Approve E-signatures
      • PACTrust Seller Benefits
      • Glossary
You are here: Home / Market Updates / Pent Up Demand of Real Estate Sales Leveling Off and Other San Fernando Valley Statistics

Pent Up Demand of Real Estate Sales Leveling Off and Other San Fernando Valley Statistics

July 14, 2020 by Ron Henderson

The attached chart of the Southern California Counties is a real-time indication that the pending property sales spike we saw through June from the April COVID crash may have leveled off.

Pending Southerm California Pending Sales July 2020Sales
Pending Sales by Week
Click for Larger

The May and June sales have been solid. Property values have also stayed solid, with inventory staying low, keeping the supply and demand ratio contributing to stable values.

Check out the June 27 and July 3 sales numbers. They pulled back from the accelerating sales numbers of the prior couple months week over week.

The May and June monthly statistics were good, but the last few weeks may reflect a turning point that can be reflected in the statistic released in August. The recent spike in COVID cases and the rolling back of the economy won’t help matters.

San Fernando Valley Pending Property Sales chart June 2020
San Fernando Valley Inventory chart June 2020

The upside to the weak economy from COVID is the historic aggressiveness of the Federal Reserve to conduct their Quantitative Easing and manipulating the interest rates to new lows. The Income to Loan Guide is a very ballpark breakdown of a standard 20% down median-priced single family purchase in the San Fernando Valley. Realistically interest rates can be lower (or higher), depending on the qualifying capabilities, the loan to value, etc.

Income to Loan Guide San Fernando Valley June 2020

If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me

Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth

Share this:

  • Twitter
  • Facebook
  • LinkedIn

Like this:

Like Loading...

Related

Filed Under: Market Updates

Reader Interactions

Leave a ReplyCancel reply

Primary Sidebar

Want to find something?

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Follow Us on Social Media!

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Subscribe

Blog Categories

Blog Archives

Local Real Estate Report Card

Ron Henderson

(818) 999-3981

ronh@mres.com

Multi Real Estate Services, Inc

Find out if buying or renting is right for you today!
Send Request

Calculate Mortgage

https://www.mortgagecalculator.biz/c/

Get Prequalified

Get preapproved to avoid the hassles of last-minute financing hurdles.

Get Approved

Footer

  • Home
  • About
  • Contact
  • Blog

Copyright © 2025 · Multi Real Estate Services by MRES.COM
 

Loading Comments...
 

    %d