Don't Miss out on the Fall and Winter Marketplace


Whether you’re looking to buy or sell, there are several advantages to doing so in the fall or winter months.

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Today, I’d like to give you an overview of the top reasons to buy or sell in the fall or winter months.

First, I’d like to start with some of the advantages of selling at this time of year:

1. Less competition on the market. During this time of year, the inventory is down. This contributes to less competition, putting you in a better position by default.
2. The house is show-ready. Because kids are in school during these later months, houses tend to be a little cleaner. In turn, this means that houses require a lot less preparation before a home showing.
3. Vacations are over. With people having returned from their trips and outings during the warmer months, more buyers are back in town.
4. Buyers are more serious. Buyers who are on the market at this time of year aren’t just looking for fun. These buyers are genuinely committed to finding and purchasing a home.
5. The appeal of fall decor. Who doesn’t love fall decor? The change of colors adds some natural beauty to any property, and fall decorations on the interior of a home can make buyers feel cozy and warm.
6. It’s cooler outside. Why would anyone want to move when it’s hot out? The colder weather is perfect for the moving process.

Some of the best deals of the year are done in the fall and winter months.

Now, I’d like to move on to the advantages of buying during fall and winter:

1. Good deals are available. Some of the best deals of the year are done in the fall and winter months, especially for properties that have been sitting on the market for quite some time.
2. It’s a lot easier to look at houses during school season. When the kids are in school, it’s easier for people to go out and browse the market freely.
3. Fewer multiple offer situations. Since many of the homes on the market have been sitting for awhile, there is less competition for certain types of properties.
4. Year-end sales for furniture. The later months of the year are a great time to take advantage of sales, which will aid you in furnishing your new home.
5. It’s easier to contract necessary services. Since there tends to be less activity on the market at this time of year, booking contractors won’t be as difficult.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

A Market Update for San Fernando Valley Real Estate


We’ve seen some great trends in the real estate market so far this year. Here’s what we’re keeping an eye on.

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It’s been awhile since we’ve given you a market update for Porter Ranch and the San Fernando Valley. There are a few statistics we’ve been tracking that we wanted to give you an update on.

Back in March, the median price in the San Fernando Valley jumped to $671,500. It’s been sticking around that level since then. We’re still seeing a lot of low inventory, which is keeping the market very strong.

Back in June, we saw a spike in inventory. In the three months since, we’ve seen a considerable drop as buyers continue to take advantage of the opportunity to buy with a low interest rate. We had 92 properties for sale in Porter Ranch in June, but we only have 75 on the market right now.

The average time for a home to sell for the San Fernando Valley as a whole is 39 days, but it only takes an average of 32 days in Porter Ranch. The key to a quick sale is pricing. If a home is priced right, it should be sold within a week or two.
The key to a quick sale is pricing.
Only 2% of home sales in the San Fernando Valley are coming from foreclosures these days. With that being the case, you’re starting to see certain neighborhoods hit their pre-2007 highs in terms of home values. The California Association of Realtors predicts a more healthy appreciation of 2% to 4% this year. 

That’s all we’ve got for now. If you have any questions about the market or anything else related to real estate in the meantime, don’t hesitate to give me a call or send me an email. We can’t wait to hear from you.