Ar_home_b_search
 



supply and demand: 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)

supply and demand: 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)

 

Mark Gonzales

Sherman Oaks, CA

More about me…

Rodeo Realty

Office Phone: (818) 986-7300

Cell Phone: (818) 414-1914

Email Me



Links

Archives

RSS 2.0 Feed for this blog