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MarketWATCH Northridge: 4/1/16

By
Real Estate Agent Cal BRE# 00923192
 

Were you one of the many to see Batman v Superman this weekend?  
Can you believe it's showing at over 19,700 screens across 39 
territories across the globe? 
Do you know that it has had the largest 
opening in $ of any superhero movie to date?? Talk about the power of 
hype!
 
I bring this up, because it's kind of like this Spring market -- a LOT of 
hype, the 
feeling of scarcity and high demand... which is forcing prices 
to hold, and many 
buyers to compete for homes, some of which end 
up selling WAY above list price 
(which seems great for sellers), until 
the appraisal doesn't support the amount and the 
buyer's mortgage 
falls short. WHAT? Yes, this really happens.
 
A realtor who has YOUR best interests at heart, as well as an intimate 
knowledge of the market 
can help you to avoid these kinds of 
disappointment. Whether it's losing out in a bidding war or not being
able to finance the purchase of the accepted offer, our job is to help 
you develop the best purchase strategy. 
Another scenario is if you 
win the bidding war and are able to finance the home (or buy it 
outright)...
then three years down the road, you can't get back what 
you've invested, because you bought an 
artificially-inflated property. 
(a la 2006)
 
If you're really interested in a home and would like an objective 
opinion...
give us a call, send an email, a text, a carrier pigeon, we 
really would like to see you INVEST your 
money wisely.
 
Now, I shall jump down off my soapbox and let you know what's going 
on in the market this week. 


There were 13 new listings this week in Northridge. They range in 
price from $320,000 -$1,100,000; size 1116sf - 3517sf; age from 
1935 - 2015

 


Here are our featured listings this week...

 

 

17710 Devonshire ST # 2, Northridge, CA 91325
Listing #SR16064097 - $399,000

TOWN HOME w/ 2 SEPARATE MASTER SUITES, each with it's own 
private bath! Big Walk-in closets! HUGE PRIVATE PATIO between the 
TOWN HOME and the PRIVATE 2 CAR ATTACHED GARAGE! Best 
TOWN HOME complex AND BEST LOCATION in NORTHRIDGE! 
Highly sought after DEVONSHIRE VILLAGE! Formal Dining Room! 
Separate Family Room adjacent to the large, sunny kitchen w/ 
breakfast bar! This is the best Town Home in Northridge Updated with 
HARDWOOD FLOORS! Sunny and bright with a big SKYLIGHT! 
Complex has greenbelts, two sparkling swimming pools and spas. 
Granada Hills school district.




17437 Chase ST, Northridge, CA 91325
Listing #SR16060874 - $1,100,000

This beautiful single-story home has a circular drive-way and backs to 
the prestigious Sherwood Forest area. The main house (approx 2600 
sq ft) has an expansive open floorplan with 4 bedrooms and 2.5 
bathrooms with hardwood floors throughout. The large living room has 
vaulted ceilings, lots of natural light and opens up to the formal dining 
room with wainscoting, a cozy den and a beautiful upgraded kitchen. 
The huge center-island kitchen has a double oven, stainless steel 
appliances, granite countertops, custom cabinets with a built-in wine 
rack. The large master en-suite has french doors opening to the rear 
yard, a beautifully upgraded bathroom and a large walk-in closet. 
Attached to the main house is a permitted room with a private 3/4 bath 
(306 sq ft) that has its own separate entrance. It can be used as a 5th 
bedroom, in-law suite, kids playroom, office, music room...the 
possibilities are endless. The large rear-yard has a sparkling pool, 
gorgeous fountain (included) & vegetable garden. In the back of the 
property is a permitted detached one bedroom, one bath "accessory 
living" unit that can be used as a guest house (600 sq ft). Other 
highlights are a tankless water heater, dual A/C units and a roof that is 
only approx 8 yrs young.

 

Check out all the new listings this week in Northridge – HERE

 
 
 
Warmly,
 

 
ps Seriously, if you'd like to sit down with us for a strategy session, so 
that together we can plan out the best course of action for you and 
know your limits financially, ask for our Free Home Loan Report 
-- Click Here
 

 

Anne-Marie Stone
Pinnacle Estate Properties

Cal BRE# 00923192