The San Fernando Valley housing market reflects the following elements:
Low inventory – primarily caused by property owners hesitant to sell a property with low mortgage rates, in a higher rate environment
Quantity of sales higher – Seasonal increase, and mortgage rates stabilized
Sales Prices higher – Basic low supply with a solid pent-up buyer base
Year over year statistics are skewed, Year over year prices are down 8% but that doesn’t reflect the market cycle. Property prices maxed out last May, came down approximately 11%, but recently increased.
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me
Ron Henderson GRI, SRES, SFR, 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
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