In today's atypical economic environment, the real estate market is exhibiting some unexpected trends. In a typical scenario, soaring interest rates would put a damper on both the volume of home sales and property prices. However, this is far from a typical economic environment. Let's delve into the ... » Learn More about San Fernando Valley Real Estate Market Update October 2023
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Navigating the San Fernando Valley Housing Market in Fall 2023
As the San Fernando Valley housing market transitions from the scorching summer into the cooler days of fall, it maintains its position as a highly competitive and dynamic landscape. Tight Inventory Persists: One of the defining characteristics of the San Fernando Valley housing market in 2023 ... » Learn More about Navigating the San Fernando Valley Housing Market in Fall 2023
San Fernando Valley Housing Market Update – June 2023
If you've been holding out for the housing market to drop, the window of opportunity has closed. The market experienced a brief dip that hit its lowest point in November 2022. However, since then, we've witnessed a strong rebound, even with higher mortgage rates, making it a bit more challenging for ... » Learn More about San Fernando Valley Housing Market Update – June 2023
San Fernando Valley Real Estate Snapshot March 2023
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 ... » Learn More about San Fernando Valley Real Estate Snapshot March 2023
Update San Fernando Valley Home Prices 1959-2022
The end of 2022 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $840,000, 4% lower than the end of 2021. That doesn't give the full story of the year though. In May 2022 the price hit $950,000. The closing prices ... » Learn More about Update San Fernando Valley Home Prices 1959-2022