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Two great properties sold in the San Fernando Valley. For any Real Estate questions or concerns contact me at www.clarksellshomes.com 18350 Hatteras Street #147 Encino, Ca Sold:250,000 16836 Rayen st Northridge, CA Sold:640,000
This Property has two guest units, each 1+1. Both have living room, bedroom, and kitchen. The main structure is 3+2 and has been upgraded with granite slab counter tops in the kitchen and custom wood floors throughout the property. Direct access to the large basement from the living room extension. The large back yard is perfect for entertaining. All this in a great Northridge neighborhood on a residential street. Link to Virtual Tour of Property http://myspacetv.com/index.cfm?fuseaction=vids.individual&videoid=30552995 http://www.clarksellshomes.com/ for additional photos and a virtual tour
Link to Virtual Tour http://myspacetv.com/index.cfm?fuseaction=vids.individual&videoid=30285588 http://www.clarksellshomes.com/ for additional photos and a virtual tour Great price for this pool home in Granada Hills. Wood floors, large kitchen with eat-in area overlooking pool, and inside laundry room. Block window accents in bathroom. Back yard features a large covered patio, private pond, and possible alley access. Corner lot.
Link to Virtual Tour http://myspacetv.com/index.cfm?fuseaction=vids.individual&videoid=30283221 http://www.clarksellshomes.com/ for additional photos and a virtual tour
Why is it that some areas of the San Fernando Valley seem to survive market downturns better than others?
As we find ourselves in an increasingly sour real estate market, some areas seem to hold their value very well, while others have tumbling prices. Even within the same zip code, some parts seem to be selling for close to what they were 2 years ago, while some areas have come down 35% or more. How can you benefit from this?
First, let's examine what helps some areas maintain value even in a tough market. Some areas are unique. Studio City, Toluca Lake, and Burbank for example have close proximity to the film and television studios. Encino also has unique benefits - close walking proximity to the boulevard and houses of worship. San Fernando has its own city services. Porter Ranch has a plethora of new housing. Calabasas has a temperate climate and close proximity to the beach.
Like with other investments, lower-risk assets tend to fare better in rough times. Because these areas have steadier demand, they tend to have less risk, generally speaking.
Now let's look at some areas of the valley that are not doing well. This is where we can find some deals.
Tarzana: overall, an affluent and nice area. The homes south of Ventura boulevard are some of the priciest in the whole valley. However, homes between the 101 freeway and Burbank are mostly townhomes and condos. This particular "pocket" has come down significantly in price. It is a very dense area and there is a high percentage of renters. However, homes in the area are a great deal for the right buyer. A family of 5 can get a 4-bedroom condo for under $300,000. 3 children each get their own bedroom. Plus you get 2 parking spots, so you eliminate the worry of finding parking in a high-density area. Transportation and shopping are close by, and you have the benefit of living in Tarzana, which is considered to be a desirable area.
Sylmar: Quite the opposite situation from Tarzana. Overall, Sylmar is not one of the more desirable parts of the valley. There is industry in west Sylmar and many parts are high density. However, there are a few pockets to find great deals. Mountain Glen in the northeast corner has very large (1300-3600 square feet) detached homes in gated communities, that were all built within the last 10 years. The location is at the foothills, far from the freeway and really is its own "pocket." Something comparable in Porter Ranch would run you $700,000-$1,300,000, but here you can get in for about $450,000 -$700,000.
Sylmar also has several new home developments. New home builders are anxious to sell and are offering many incentives to potential buyers, including no closing costs, special financing, free upgrades, and more.
A good real estate agent can help you find an area that works for you. Please feel free to email or call if you have any questions. If you're just browsing, http://www.clarksellshomes.com/ is a great place to window shop for homes all across the valley. Stay tuned for more blogs soon.
Clark Hill, e-PRO Century 21 All Moves Associate Broker http://www.clarksellshomes.com/ (818) 384-1622
January 31, 2008
Buying Is Cheaper Than Renting
Yes, this is true. I have been waiting years to write this. Many people think that prices will decline more, despite the huge recent drop in values. But how much more can prices fall if it is already less expensive to purchase a home than it is to rent one?
If you plan to live in the San Fernando Valley for at least a few more years, you should buy a home right now. There is A LOT to choose from, which means you can find a property that really suits your needs, rather than just "settling." Interest rates are VERY low. In fact, they just came down again this week. It's still important to have fair to good credit. And in most cases you will want at least a 3% - 5% down payment, although 100% financing is still available.
Not only is it less expensive to own, but just consider the additional savings from tax deductions. Some first-time buyers think that they don't make enough for this to apply to them, but that is not the case. Anyone with an income will save lots of money every year by owning a home. If you would like to see some great deals on homes in the Valley, or if you just want to browse through some foreclosure properties, go to the website, http://www.clarksellshomes.com/. Please feel free to email or call with any questions.
Clark Hill, e-PRO Associate Broker http://www.clarksellshomes.com/ (818) 384-1622 How many people are aware of foreclosures properties for low, low prices? Are there any additional properties available in this neighborhood for less than 600,000? Visit www.clarksellshomes.com for additional properties and click on blog and network link on home page for more foreclosure and property information $574,900 11350 Dempsey Ave Granada HillsCA 91344 4 beds, 2.0 baths, 1,779 sq ft First-time buyers, this is your chance. I kept hearing over and over again, “We think prices will drop, so we are waiting to buy a house.” Guess what, prices did drop! Condos and houses have come down 15%, 20%, even 25% in some cases.
Does it sound too good to be true? Take the example of a large condominium complex in Encino. A year ago, the smaller 2-bedroom units were selling for $307,000 to $350,000. There is a 2-bed unit in this building for sale RIGHT NOW for $235,000!
So, if it’s your first time looking for a house, now is a great time! Do you think that prices will continue to come down? How much cheaper can they get if it’s the same price now to own as it is to rent? Lenders continue to make it more difficult to get loans. Don’t wait until you can no longer buy because the loan market is too tight.
I love to help young aspiring home owners like you find the first place to live that you can truly call your own. If you are tired of throwing away your hard-earned money on rent and you want to put those dollars in the best investment you’ll ever make, I can help you.
Keep reading this blog. Use my website, www.ClarkSellsHomes.com, to get a handle on the market and see how much homes are where you want to live. When you are getting serious about a home purchase, please feel free to email or call me with questions. 818-491-0194 Office 818-384-1622 Cell 818-360-5676 Fax |
Clark Hill Granada Hills, CA More about me… Century 21 Office Phone: (818) 363-1717 Ext.: 194 Cell Phone: (818) 384-1622 Email Me ;) Links;) Archives
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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