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southern california: Positive News for the San Fernando Valley Real Estate Market - 11/17/08 03:22 PM
Here's an article from the Southland Regional Association of Realtors showing significant increases in the number of sales from last year. Could this mean that the bottom is near? Read below and let me know what you think?
San Fernando Valley Home Sales Surge from Last Year's Low Point Driven by foreclosures and homes sold by traditional sellers at favorable prices, sales of existing single-family homes in the San Fernando Valley during September soared a whopping 81.8 percent compared to a year ago, the Southland Regional Association of Realtors® reported.
A total of 658 homes changed owners last month - 296 … (0 comments)
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southern california: Unique Homebuying Opportunities Abound - 11/17/08 03:13 PM
Although the newspapers and Wall Street is flooded with depressing information on the economy, and despite Dow Jones record lows as well as the recent news that the government will not be buying up bad debts from banks, there are still multiple opportunities in the Real Estate Market for buyers who hold a decent fico score and can validate their current income. This means that many buyers are still finding foreclosure and short sale deals well under the market value compared to 2005. To help buyers buy these properties, several programs have been created to help buyers qualify and receive funding … (0 comments)
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southern california: 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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southern california: 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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southern california: REAL ESTATE MARKET OUTLOOK - 09/25/08 04:32 PM
National Association of Realtors (NAR) President Dick Gaylord sits down with NAR Chief Economist Lawrence Yun to discuss what is happening in the market and what REALTORS® can expect in the coming months. Click the video feed to see their thoughts on the future of the Real Estate Market in 2009.
http://services.brightcove.com/services/viewer/federated_f8/1465406675
For more information please visit www.MarkSellsLA.com Written by Mark Gonzales Copyright 2008 Mark Gonzales, Realtor, real estate agent specializing in marketing and selling residential homes, condos, and commercial real estate sales in Los Angeles, San Fernando Valley, Woodland Hills, Sherman Oaks, Studio City, Encino, Tarzana, Calabasas. Please visit www.MarkSellsLA.com … (1 comments)
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southern california: 2008 SUCCESS!!! MARK'S SUCCESS TRACKER - 09/18/08 01:52 PM
Thanks to all my clients for making 2008 a success so far! I've sold 16 homes and over $6.5 million in residential real estate this year!!
THANK YOU!!!
… (0 comments)
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southern california: SHERMAN OAKS GALLERIA RENOVATED IN LESS THAN A MINUTE - 09/18/08 01:44 PM
Here's a cool video I found on YouTube showing the 2 year renovation of the Sherman Oaks Galleria from drab indoor mall to the outdoor lifestyle and entertainment center that attracts patrons from all over. It is home to many entertainment production companies and influential businesses. Check out the 2 year renovation in less than a Los Angeles minute.
<object width= "425" height= "344" ><param name= "movie" value= "http://www.youtube.com/v/ig_5viv8ol8&hl=en&fs=1" ></param><param name= "allow FullScreen" value= "true" ></param><embed src= "http://www.youtube.com/v/ig_5viv8ol8&hl=en&fs=1" type= "application/x-shockwave-flash" allow fullscreen= "true" width= "425" height= "344" ></embed></object>
For more information please visit www.MarkSellsLA.com Written by Mark Gonzales Copyright 2008 … (0 comments)
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southern california: IT'S STILL HAPPENING....MULTIPLE OFFERS - 09/18/08 01:39 PM
Here's an article written by Mary Funk, President of the Southland Regional Association of Realtors and David Walker. The recent improvements and change in lending guidelines have caused a surge in buying activity. Almost all properties I have sold have had multiple offers, this could be a signal of the bottom and we should start seeing values stabilize within the 2009 year. Check the info for yourself:
Multiple Offers Reappearing
BY MARY FUNK, PRESIDENT, AND DAVID WALKER, SRAR
While many prospective home buyers are still waiting in hopes of catching the bottom, others are jumping into the residential real estate market … (0 comments)
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southern california: THE NUMBERS ARE IN!! SALES INCREASE 16% FOR THE MONTH OF JULY - 09/18/08 01:37 PM
The San Fernando Valley real estate market is reacting favorably to historically low interest rates and affordable pricing as existing single-family home sales have increased 16.2 percent in July from a year ago.
Mary Funk, President of the Southland Regional Association of Realtors states, "The numbers indicate that the market is at the bottom with sales on the upswing. Demand is increasing because people realize that what they could not afford before they probably can afford now. Come next year, people who are waiting will find that they will be paying more."
In fact the median price of a single-family home … (0 comments)
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southern california: 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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