Hi there! Although summer is flying by, home sales have slowed slightly. Mainly because buyers are busy with things like running kids around, or vacationing or living life... This is a great time to strategically consider how to prepare your home for sale. If you'd like some ideas, go ahead and check out my ebook "How to sell your home for top dollar fast", or give us a call and let's schedule a room-by-room review. you can catch us at (818) 621-9897.
This week in Granada Hills we saw 5 homes sold. The selling prices ranged from $540,000 - $801,645; for an average of $674,223. Homes were built between 1954 and 1968. They … (0 comments)
Ah! the 4th has come and gone. What a great chance to catch up with friends and family! One thing I found, as I made my rounds this weekend, I was inspired by a great garden & pool area. Now I've done a bit of updating on my own landscaping. The outcome, greater "curb appeal". I love the look of my home as I'm driving up to it. Now, I'm not selling my home any time soon, however, I thought you might benefit from the idea that First Impressions are really important! I'd love to share some more ideas with you. Simply reply to this message with your name and … (1 comments)
As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why: 1. Demand Is Strong Buyers are ready, willing and able to purchase... and are in the market right now! Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now According to NAR's latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months. This means, in most areas, there are not enough homes … (2 comments)
We lost an American icon this week. He literally & figuratively "fought the good fight". Mohammed Ali had a presence and leaves a legacy with his children and grandchildren, and in American culture. As I surfed the 'net in search of just the right image or quote, I came upon the one above, of how he'd like to be remembered. How amazing to have lived your life in such a way that you are remembered as you'd planned. It's certainly how I remember him. Now, let's get back to work. The listings that were sold this week. This week in Granada Hills we saw 7 homes sold. The selling prices … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 5/30/16
- 06/01/16 01:01 AM
I trust you had an amazing long weekend, and hope that you had a minute to contemplate those who died in battle. So, did you open your pool this weekend? Do you even have a pool to open? I have fond memories of "opening the pool"... skating around with scrub brushes on my feet to clean the cover, and the general merriment that comes with being a kid ready to take the first dip of the season. Are you ready to kick off the summer by selling your house? Give us a call at (818) 621-9897, we'll stop by and do a thorough Room-By-Room Review, so that you … (1 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 5/23/16
- 05/23/16 11:36 AM
Have you noticed the shift? As May draws to a close and schools prepare to wrap up for the summer, kids are either immersed in studies for exams or skating along and dreaming of pools and summer fun. there's also a psychological shift that happens to homeowners... summer's a time to enjoy our homes, and do the "little" things that will make it more appealing to buyers. Have you had a chance to check out the neighbor's who've listed their homes? How do you think your home compares? You know, I would enjoy seeing the changes (enhancements) you've made to your home since you bought it, … (1 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 5/17/16
- 05/17/16 03:10 AM
I'm hearing rumors about the overall economy just inching along. And with this, more questions about how it impacts the housing market. Questions I'm hearing include... Is affordability a major concern in today's real estate market? Are we approaching a new housing bubble? Are mortgage standards too tight? Or have they loosened too much? Freddie Mac, in their April Economic Outlook, says has an optimistic about housing... "We maintain our positive view on housing. In fact, the declines in long-term interest rates that accompanied much of the recent news should increase mortgage market activity." So, how does this impact you as a seller? This should give you some comfort that … (0 comments)
There is a principle in psychology called scarcity—it’s the desire that’s in all of us to want something that we can’t have. There are some strategic ways that this principle can be applied to a real estate situation. That’s right, I said applied—you can actually control it. Often, the illusion of scarcity can be orchestrated and often appears in real estate situations without people even knowing that it’s there. Have you ever heard of a situation where a home was on the market and more than one person was interested in it? In … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 4/25/16
- 04/26/16 02:14 PM
Hi As you're keeping an eye on the home sales in your neighborhood, I'd like to offer an insight... One of the major factors in getting your house to sell quickly is simply put: make it attractive. Most buyers select their home based on emotion and then justify the decision with facts, so it is important to make the house inviting and pleasant. Yours is not only the only property the prospective buyer will see. You are competing with model homes that may have been professionally decorated and homes that have no children, no pets and Mr. and Mrs. Perfection as owners. You can find some concrete suggestions for how to make your home competitive in … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 4/19/16
- 04/19/16 02:43 PM
If You Are Thinking of Selling, Now Is The TimeIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today's real estate market. In a recent article, the Chief Economist for Realtor.com revealed,"Would-be buyers face a dilemma: There will be more homes on the market … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 4/11/16
- 04/13/16 11:10 AM
Good morning, Good Afternoon, & Good Evening! Our market is just FUN! It seems each week brings a new and intriguing situation... last week people were asking about investment opportunities and this week, it seems that Luxury is the topic of the day. How do you define luxury? Is it the price, the space, or the feel of a place? This is a really good time to assess if it's time for you to "move up". Are you considering this? This kind of transaction takes a bit of coordination... to find a new place to live, then have you home sell, and be able to do … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 4/4/16
- 04/06/16 05:22 AM
Sales Contracts Hit Highest Level in Months So last week, I gave you the potential pitfalls of listing your home in a HOT market. Now here's a slightly different perspective that shows that buyers are still buying! The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached it’s highest reading since July 2015. This index means that more contracts have been signed by buyers that will soon translate to sales. February’s Index rose 3.5% month-over-month to 109.1. What does this mean for the market? Lawrence Yun, NAR’s Chief Economist explained: "After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 3/14/16
- 03/15/16 10:26 AM
I'd like to share a story with you. This week, a friend, who is very computer-savvy, had a computer issue. She put a video of "the red screen of death" on facebook. What I found interesting was all of the comments. Everyone has some working knowledge (as end-users) of computers, right? Especially if they're on facebook. The armchair experts weighed in, with everything from "it's a virus", "you upgraded to Windows 10 too soon", and the inevitable, "this never happens with a Mac". Come to find out, it was a failed hard drive. Nobody suggested this option. The way … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 3/7/16
- 03/12/16 10:07 AM
Ah! March is here! Spring flowers, Spring break, Spring forward with your clocks, change the batteries in your smoke detectors. For us in real estate, it brings thoughts of a busy busy time, with the "spring market". In the next few weeks we'll be seeing more and more homes coming on the market. Are you ready to jump in now? The first step will be to see how your home, with all the improvements you've made, compares to others in the neighborhood. This is easy, just ask for our Pinpoint Price Analysis.CLICK HERE Let's see just what joined the listing this week... … (0 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 2/29/16
- 03/01/16 07:34 AM
Wow, has time really sped along this year! Can you believe we're already into March? In just 3 weeks it'll officially be SPRING! [shaking head] Anyway, for you, as a homeowner a couple of things you need to know, is that we've had a great pre-emptive move on the spring market. There are more buyers looking in your neighborhood than ever before. Homes that are priced well are moving quickly, and often in competition. Now's the time to really look at what you'd like to do. Pricing is so very important, and I'd love to share with you how your home compares … (1 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 2/22/16
- 02/24/16 12:39 AM
I was chatting with my coach the other day, and she asked me, "What do you think YOUR clients appreciate MOST about you as a Realtor?" Although initially I thought it was my years of experience and knowledge of the market, or maybe my ability to negotiate, the reality is... I think people appreciate my ability and willingness to listen. (My team &) I truly want to understand exactly what it is you want, and WHY you want it. Yes,we have experience and knowledge and all the credentials, but NONE of those matter until weknow what YOU want. So I ask you, what … (1 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 2/1/16
- 02/01/16 07:55 AM
Hi there. I'm sure that you've heard that the Spring Market is the time to sell your home. The reason this idea is so popular is that yes, a LARGE number of homes sell between April and June, EVERY YEAR. Because of this, many homeowners, like yourself, might wait to put their homes on the market until then. The question is whether or not that will be a good strategy this year. Here's my position on that. More homes listed will mean greater competition for buyers. Simple economics says... as supply increases, demand decreases. More homes for sale in the market means buyers … (0 comments)
Some Highlights: Home Sales are up year-over-year in the top 4 price ranges and only slightly below last year's numbers in a fifth. A lack of distressed property inventory has led to a slow down in sales in the under $100K price range. As home prices continue to rise, there will be less homes available for sale in the lower ranges.
The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery.
Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically.
It seems that 2016 will be the year that the housing market again races forward. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory.
Let's look at what's happening locally.
This past week we saw 4 homes sell in Granada Hills, it sold for $234,000 - $740,000 and had a total of 812 sf. - 3,930 sf, … (3 comments)
soldwatch granada hills: SoldWATCH Granada Hills: 01/11/16
- 01/11/16 02:56 PM
SoldWATCH Granada HillsJanuary 11, 2016 The reports are in... and as we begin 2016, we're continuing to find that buyer demand continues to outpace the supply of homes for sale. The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.” The latest Existing Home Sales Report shows that Nationwide, there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and … (0 comments)
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