porter ranch market report: MarketWATCH Porter Ranch: 01-25-16
- 01/25/16 05:09 AM
t was great to hear from you who have been thinking about buying a home. We love the stories, the humanity that binds us all, in discovering the “why” of things. As we started last week with the question, “Why am I buying a home in the first place?” The second question is equally as important in determining if purchasing a home NOW will be a good fiscal decision, for a large financial investment.Where are home values headed?
According to the latest Home Price Index, home values are projected to increase by 5.3% over the next 12 months. What does that (0 comments)
porter ranch market report: MarketWATCH Porter Ranch 1-5-16
- 01/05/16 12:12 PM
Welcome, welcome, welcome to 2016! We used the last couple of weeks to rest, rejuvinate and plan for the new year. All kinds ofexciting ideas & dreams are being worked out on our end. We've also used the time to do a little assessment. We (the nation) had a great 2015—the best year for housing since 2007. Aninteresting fact, is that the economists over at Realtor.com® project an even better year in 2016. Why? Well, with economic growth chugging along, employment will continue to increase, meaning that people will have more money coming in and they’ll be able to buy their first home or upgrade to (0 comments)
This week in Porter Ranch, 9 homes were sold. They ranged in price from $235,000 - $780,000 with the average sale price being $553,222. The homes were built between 1962 and 2009, and range in size from 915sf to 2814sf. The days on market ranged from 4 - 210 with an average of 89 days. (It's getting longer each week).
Click here to check out the homes sold in Porter Ranch this week
We can see that the days on market is increasing... with the slowing of the market, it may be time to consider a price reduction. Buyers have options, and being (0 comments)