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market condition: Some Homebuying Tips in Today's Market - 11/17/08 03:11 PM
Regardless of what you might have heard about the home buying market, the statistics in Southern California show that this is a great time to buy. First time buyers, investors, and even all cash buyers have found the current market conditions to make owning a home more affordable and easier than ever before. However, having sold Foreclosure and Short Sale properties much of the year, I have some tips to offer for those looking to purchase a home in the next few months.
Condominiums and Town-homes: While the inventory has increased on many of these desirable alternatives to the Single-Family home, … (0 comments)
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market condition: ARE WE AT THE BOTTOM? - 10/28/08 05:57 PM
The sales data for September has been released from Southland Regional Association of Realtors and to everyone's surprise the numbers are outstanding.
Existing single-family home sales in the San Fernando Valley dramatically increased 81.8 percent during September compared to a year ago. 658 homes sold to new buyers last month- 296 more homes sold that last year this same time.
The number of condo sales also saw an increase during September at 36.1 percent to 211 transactions 56 sales higher than a year ago.
This may signal that we are the bottom of the sharp decline in local real estate values … (0 comments)
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market condition: IS THIS REALLY THE WORST MARKET IN YEARS??? - 09/18/08 01:35 PM
Here's a quote I took from an article from the Southland Regional Association of Realtors, September 2008 Realtor Report:
"There were 6,950 active listings throughout the San Fernando Valley at the end of July, down 3.4 percent from a year ago. Of that total, single-family homes accounted for 75 percent of the active listings.
At the current pace of sales, the active inventory represents a 7.5-month supply - slightly higher than the 5- to 6-month supply deemed to represent a balanced market.
By comparison, the inventory during the recession of the 1990s hit a record high of 14,976 in July 1992 … (0 comments)
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Mark Gonzales
Sherman Oaks,
CA
More about me…
Rodeo Realty
Office Phone: (818) 986-7300
Cell Phone: (818) 414-1914
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