Buying a San Fernando Valley home? Get a full home search,
Selling your San Fernando Valley home? Free Home Price Evaluation
Selling your San Fernando Valley home? Free Home Price Evaluation
Hello, and welcome back! Today, we're going to recap the first quarter of 2015 here in the San Fernando Valley!
Back in January, there were about
2,800 homes for sale in the San Fernando Valley. As we've previously explained, there needs to be at least 7,500 homes for sale in our area in order for the market to be neutral. With our current low level of inventory, sellers have a big advantage in our marketplace. Although inventory levels remain low, we saw an increase in homes for sale of 15-20% at the beginning of march; this is great news for buyers, as it means that there are still plenty of homes to choose from!
Recently, buyers have been patient because home prices are high. They are waiting for the perfect home, as they don't want to spend a ton of money on a home that doesn't satisfy all their needs. However, if your home is in great condition and has the proper updates, you can still expect it to go for top dollar and sell quickly.
While we're still seeing home appreciation in 2015, it is at a much more sustainable rate than it's been over the past few years. Because of this, there are fewer investors in the marketplace and there is a lot of money coming in from overseas. Properties are still selling, but they must be priced appropriately if you want to meet your selling goals.
If you have any questions about conditions here in the San Fernando Valley, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you make informed decisions in our marketplace!
Back in January, there were about
2,800 homes for sale in the San Fernando Valley. As we've previously explained, there needs to be at least 7,500 homes for sale in our area in order for the market to be neutral. With our current low level of inventory, sellers have a big advantage in our marketplace. Although inventory levels remain low, we saw an increase in homes for sale of 15-20% at the beginning of march; this is great news for buyers, as it means that there are still plenty of homes to choose from!Recently, buyers have been patient because home prices are high. They are waiting for the perfect home, as they don't want to spend a ton of money on a home that doesn't satisfy all their needs. However, if your home is in great condition and has the proper updates, you can still expect it to go for top dollar and sell quickly.
While we're still seeing home appreciation in 2015, it is at a much more sustainable rate than it's been over the past few years. Because of this, there are fewer investors in the marketplace and there is a lot of money coming in from overseas. Properties are still selling, but they must be priced appropriately if you want to meet your selling goals.
If you have any questions about conditions here in the San Fernando Valley, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you make informed decisions in our marketplace!
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