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
California Real Estate market
California Property Price Growth Accelerates
The chart says it all. Due to low interest rates, substantial buyer motivation and low inventory, California property values have jumped substantially over the past 5 months. At some point, the interest rates will go up, and pricing will get to a point where the affordability will be affected, ... » Learn More about California Property Price Growth Accelerates
San Fernando Valley Housing Statistics October 2020
The San Fernando Valley housing market is still hot, but there will be changes coming. The number of new sales are still high, dealing with a slight seasonal easing, but also limited by low inventory. The available inventory is edging up but still substantially lower than historical ... » Learn More about San Fernando Valley Housing Statistics October 2020
California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years
Historically low interest rates continue to drive sales. Low inventory pushing up pricing. 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, CIASPresident/BrokerMulti Real Estate Services, ... » Learn More about California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years
California Real Estate Market at a Glance
We've already seen a "V" shaped rebound from the April crash the California real estate market took when the Pandenic "Stay at Home" order was put in place. The statistics show a theme. There was a pent up buyer base ready to buy... and the sellers stayed away. Buyers initially thought they ... » Learn More about California Real Estate Market at a Glance