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Home Prices in Valley Village, California for May 2014

By Joe Neuah

Real Estate Agent with Rodeo Realty BRE# 01220669

May 16, 2014 10:38 AM

Home Prices in Valley Village, California for May 2014

Real estate market data for Valley Village, California provided by Joe Oscar Neuah of Rodeo Realty Inc, Valley Village

Call 818-481-0751 if you would like more detailed market information specific to your neighborhood.

Valley Village Home Prices

We have seen 7 straight months of listing price increases on home prices in Valley Village and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a . but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market.
As you can see from the graph below, listings are not selling exactly for asking price, often they sell for more. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Chugiak home on which you are making an offer.

If you are interested in how much current inventory is on the market in Valley Village you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Valley Village , homes have a median time of 34 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Valley Village has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.