The San Fernando Valley housing market is feeling the effects of supply and demand. Inventory is low, while the purchase market is being fed by historically low-interest rates and a pent up demand. As was conveyed in my blog in the middle of July, the sales started leveling off in June after ... » Learn More about San Fernando Valley Housing Statistics July 2020
San Fernando Valley Real Estate Market
California Real Estate Market at a Glance
We knew the real estate market statistics were going to be rough in April, and they were. I blogged last week on the San Fernando Valley numbers, but it was a difficult month throughout the state. Generally real estate is local. In this case, the COVID-19 malfunction is having its way with the ... » Learn More about California Real Estate Market at a Glance
San Fernando Valley Real Estate Sales Take a Hit in April From COVID
We knew the statistics for residential real estate in April were going to be rough. It was the first full month the “Stay at Home” order would have been in place. They were.... 2020 started as very strong real estate market, but hit a wall in the middle of March when the COVID-19 economic ... » Learn More about San Fernando Valley Real Estate Sales Take a Hit in April From COVID
Another “New” Level of Complexity to Show a Property for Sale in California
Like it wasn’t difficult enough showing and selling properties with the Stay at Home order in place. Cal/OSHA just added another layer of complexity. Now a property must have a “through cleaning and disinfection of a property before and after each showing”. That means regardless of meeting the ... » Learn More about Another “New” Level of Complexity to Show a Property for Sale in California
San Fernando Valley Property Sales Drop Off During “Stay at Home” Order
No need to dig into specific numbers, but by looking at the chart of single family dwelling newly opened sales in the San Fernando Valley, you can see how the sales dropped off after the “Safer at Home” order was initiated. The order was only put in place March 24th, so the April sales numbers will ... » Learn More about San Fernando Valley Property Sales Drop Off During “Stay at Home” Order